Companies · Other Energy

CAPSTONE TURBINE Corp

VAN NUYS · Other Energy

Diligence memoA one-page analyst read on CAPSTONE TURBINE Corp — recommendation, valuation, rhythm, risks.
$74.7M
Total raised · real
5
Rounds
0.7×
Latest step-up
Top 8%
Sector rank · raised
Series B
Latest stage · inferred · Tue Nov 25 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

CAPSTONE TURBINE Corp looks under-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the energy sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.63× the median modeled value of Series B Other Energy companies in 2025–2027 (25 peers) — value vs value, same stage and era.
Active
  • Last raise 7 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Energy

CAPSTONE TURBINE Corp is one of 2049 Other Energy companies tracked from VAN NUYS. By capital raised it ranks among the largest (ahead of 93% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
14
Investors (latest)
2025-11-25
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeed · 2010-07-01 Raised $2.0M (real) Modeled valuation $26M (est)$2.0M$26MSeed2010Series A · 2016-10-21 Raised $7.5M (real) Modeled valuation $80M (est)$7.5M$80MSeries A2016Series B · 2019-02-04 Raised $30M (real) Modeled valuation $350M (est)$30M$350MSeries B2019Series B · 2020-10-01 Raised $20M (real) Modeled valuation $221M (est)$20M$221MSeries B2020Series B · 2025-11-25 Raised $15M (real) Modeled valuation $61M (est)$15M$61MSeries B2025+$7.5M+$30M+$20M+$15MCumulative $75M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$2.0M · 2010
Series A$7.5M · 2016
Series B$30.1M · 2019
Series B extension$20.0M · 2020
Series B extension$15.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$60.5M
Base estimate est.
$35.6M
Conservative case
$82.9M
Upside case
$83.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Seed · modeled $26.0M · 2010-07-012010Series A · modeled $79.6M · 2016-10-21Series B · modeled $349.8M · 2019-02-04Series B · modeled $221.1M · 2020-10-01Series B · modeled $60.5M · 2025-11-252025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 79% high
1.22×/yr
Annual markup
1.47×/yr upside case
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
46 mo
Avg between rounds
$4.8M/yr
Capital velocity
16.0 yr
On record since
2010
First round
5
Rounds on file
How it compares to the market

Benchmarked against 2049 companies in Other Energy. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 22× above median
This company$74.7M
Sector median$3.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.8× of median
This company$15.0M
Sector median$19.1M
Modeled value — vs sector median (estimate, all stages) 3.6× above median
This company$60.5M
Sector median$17.0M

Raised more than 93% of sector peers (real $). Modeled value above 76% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #22 of 25.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)American Resources Corp · Series B Raised $74.2M · modeled $164.9M (est)Realta Fusion Inc. · Series B Raised $44.5M · modeled $160.2M (est)e2 Companies LLC · Series B Raised $55.0M · modeled $158.0M (est)Sinda Ltd. · Series B Raised $32.6M · modeled $132.4M (est)Cig Cs3, Llc · Series B Raised $30.5M · modeled $123.5M (est)ZincFive, Inc. · Series B Raised $110.4M · modeled $119.1M (est)Avalanche Energy Designs, Inc. · Series B Raised $57.7M · modeled $116.2M (est)Terrestrial Energy Inc. · Series B Raised $131.0M · modeled $112.6M (est)International Battery Company, Inc. · Series B Raised $40.9M · modeled $108.8M (est)X-Energy Management, LLC · Series B Raised $22.8M · modeled $100.3M (est)Spark Community Investment Co · Series B Raised $29.2M · modeled $99.3M (est)Nuvve Holding Corp. · Series B Raised $35.5M · modeled $98.1M (est)CAPSTONE TURBINE Corp (this company) Raised $74.7M · modeled $60.5M (est)CAPSTONE TURBINE Corp
CompanyStageRaised · realValue · estvs peer med.
American Resources CorpSeries B$74.2M$164.9M1.71×
Realta Fusion Inc.Series B$44.5M$160.2M1.66×
e2 Companies LLCSeries B$55.0M$158.0M1.64×
Sinda Ltd.Series B$32.6M$132.4M1.37×
Cig Cs3, LlcSeries B$30.5M$123.5M1.28×
ZincFive, Inc.Series B$110.4M$119.1M1.24×
Avalanche Energy Designs, Inc.Series B$57.7M$116.2M1.21×
Terrestrial Energy Inc.Series B$131.0M$112.6M1.17×
International Battery Company, Inc.Series B$40.9M$108.8M1.13×
X-Energy Management, LLCSeries B$22.8M$100.3M1.04×
Spark Community Investment CoSeries B$29.2M$99.3M1.03×
Nuvve Holding Corp.Series B$35.5M$98.1M1.02×
CAPSTONE TURBINE Corp this companySeries B$74.7M$60.5M0.63×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$2.0M2010-07-01$10.0M$26.0M85%
Series A$7.5M2016-10-21$34.2M$79.6M90%
Series B$30.1M2019-02-04$167.5M$349.8M90%
Series B$20.0M2020-10-01$111.2M$221.1M90%
Series B$15.0M2025-11-25$83.3M$60.5M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$2.0M2010-07-01
    • First recorded raise — entered as Seed.
  2. Series A$7.5M2016-10-21
    • Raised again after 76 mo — slower than the ~12 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 2 investors on this round.
  3. Series B$30.1M2019-02-04
    • Raised again after 27 mo — slower than the ~12 mo sector norm.
    • Round 4.0× larger than the prior — scaling up.
    • 2 investors on this round.
  4. Series B$20.0M2020-10-01
    • Raised again after 20 mo — slower than the ~12 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  5. Series B$15.0M2025-11-25
    • Raised again after 62 mo — slower than the ~12 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 14 investors on this round.
Intelligence
2029 ~Q4
Modeled next raise · ~46mo cadence
$15.0M
Modeled next size est.range $15.0M$24.0M
0.7×
Last step-up
$4.8M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
John V. Jaggers2 other2010-07
Yon Y. Jorden1 other2019-02
Candice P. Graves2025-11
Christopher J. Close2025-11
Darrell J. Wilk2010-07
Darren R. Jamison2010-07
Denise A. Wilson2020-10
Denise M. Wilson2025-11
Edward I. Reich2010-07
Eliot D. Protsch2016-10
Eliot G. Protsch2010-07
FREDERICK S. HENCKEN III2020-10
Gary D. Simon2010-07
Gary J. Mayo2010-07
Gary R. Mayo2016-10
Gary R. Simon2016-10
Holly A. Van Deursen2010-07
Holly R. Van Deursen2016-10
James D. Crouse2010-07
JAMES S. CROUSE2020-10
Jayme L. Brooks2010-07
John P. Miller2025-11
Mark G. Gilbreth2010-07
Noam A. Lotan2019-02
Registry & provenance

CAPSTONE TURBINE Corp is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1009759
SEC CIK
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Semantically similar

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CompanySectorStageValue · estMatch
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kWh New Energy CorpOther EnergyPre-Seed$2.7M86%
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Frequently asked
How much funding has CAPSTONE TURBINE Corp raised?
CAPSTONE TURBINE Corp has raised approximately $74.7M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is CAPSTONE TURBINE Corp's estimated valuation?
Provath's modeled valuation for CAPSTONE TURBINE Corp is approximately $60.5M (modeled range $35.6M–$82.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is CAPSTONE TURBINE Corp at?
CAPSTONE TURBINE Corp's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Nov 25.
What does CAPSTONE TURBINE Corp do and where is it based?
CAPSTONE TURBINE Corp operates in the Other Energy sector, based in VAN NUYS.
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