Companies · Other Energy

Circular Energy, LP

AUSTIN · Other Energy

Diligence memoA one-page analyst read on Circular Energy, LP — recommendation, valuation, rhythm, risks.
$2.0M
Total raised · real
4
Rounds
3.0×
Latest step-up
Top 61%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed May 29 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

Circular Energy, LP looks over-valued against its niche peers and is dormant 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.

Over-valued
  • Modeled value is 3.70× the median modeled value of Pre-Seed Other Energy companies in 2013–2015 (87 peers) — value vs value, same stage and era.
Dormant
  • Last raise 13.1 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Circular Energy, LP behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
16.8 yr record
Peak capital year was 2013 with $1.0M across 1 filings.
Market position
ahead of 40% of Other Energy peers
Capital scale is ahead of 40% of Other Energy peers; modeled value is above 49% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2013: $1.0M across 1 filings.
  • Largest single filing was $1.0M on 2013-05-29.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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

Circular Energy, LP is one of 2048 Other Energy companies tracked from AUSTIN. By capital raised it ranks mid-pack (ahead of 40% of sector peers), and mid-pack 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
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$5.0M$10M$15M$20MPre-Seed · 2009-08-26 Raised $225K (real) Modeled valuation $3.6M (est)$225K$3.6MPre-Seed2009Pre-Seed · 2010-12-26 Raised $453K (real) Modeled valuation $7.3M (est)$453K$7.3MPre-Seed2010Pre-Seed · 2012-09-04 Raised $328K (real) Modeled valuation $5.3M (est)$328K$5.3MPre-Seed2012Pre-Seed · 2013-05-29 Raised $1.0M (real) Modeled valuation $16M (est)$1.0M$16MPre-Seed2013+$453K+$328K+$1.0MCumulative $2.0M

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
Pre-Seed$225K · 2009
Pre-Seed extension$453K · 2010
Pre-Seed extension$328K · 2012
Pre-Seed extension$1.0M · 2013

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$16.1M
Base estimate est.
$633K
Conservative case
$183.0M
Upside case
$5.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $3.6M · 2009-08-262009Pre-Seed · modeled $7.3M · 2010-12-26Pre-Seed · modeled $5.3M · 2012-09-04Pre-Seed · modeled $16.1M · 2013-05-292013
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.47×/yr
Annual markup
2.00×/yr upside case
6.0 yr
Elapsed time used
13.1 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$534K/yr
Capital velocity
16.8 yr
On record since
2009
First round
4
Rounds on file
How it compares to the market

Benchmarked against 2048 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) 0.6× of median
This company$2.0M
Sector median$3.4M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 2.7× above median
This company$1.0M
Sector median$373K
Modeled value — vs sector median (estimate, all stages) 0.9× of median
This company$16.1M
Sector median$17.0M

Raised more than 40% of sector peers (real $). Modeled value above 49% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #5 of 87.

This companyCohort peer
$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Shift Energy Holdings, Inc. · Pre-Seed Raised $1.0M · modeled $16.1M (est)Tbc I Llc · Pre-Seed Raised $1.0M · modeled $16.1M (est)Millennium Industries, LLC · Pre-Seed Raised $1.0M · modeled $16.1M (est)Radian Generation LLC · Pre-Seed Raised $1.0M · modeled $16.1M (est)First Century Energy Holdings, Inc. · Pre-Seed Raised $1.3M · modeled $16.1M (est)Solar Hydrogen Holdings, Inc. · Pre-Seed Raised $1000K · modeled $16.1M (est)Revolution Fuels, Inc. · Pre-Seed Raised $983K · modeled $15.9M (est)Wind Quarry Investors LLC · Pre-Seed Raised $950K · modeled $15.3M (est)Dupree Energy Resources, LLC · Pre-Seed Raised $900K · modeled $14.5M (est)Onboard Dynamics, Inc. · Pre-Seed Raised $800K · modeled $12.9M (est)Powertree Services Inc. · Pre-Seed Raised $760K · modeled $12.3M (est)Circular Energy, LP (this company) Raised $2.0M · modeled $16.1M (est)Circular Energy, LP
CompanyStageRaised · realValue · estvs peer med.
Shift Energy Holdings, Inc.Pre-Seed$1.0M$16.1M3.70×
Tbc I LlcPre-Seed$1.0M$16.1M3.70×
Millennium Industries, LLCPre-Seed$1.0M$16.1M3.70×
Radian Generation LLCPre-Seed$1.0M$16.1M3.70×
Circular Energy, LP this companyPre-Seed$2.0M$16.1M3.70×
First Century Energy Holdings, Inc.Pre-Seed$1.3M$16.1M3.70×
Solar Hydrogen Holdings, Inc.Pre-Seed$1000K$16.1M3.70×
Revolution Fuels, Inc.Pre-Seed$983K$15.9M3.64×
Wind Quarry Investors LLCPre-Seed$950K$15.3M3.52×
Dupree Energy Resources, LLCPre-Seed$900K$14.5M3.33×
Onboard Dynamics, Inc.Pre-Seed$800K$12.9M2.96×
Powertree Services Inc.Pre-Seed$760K$12.3M2.82×
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.
Pre-Seed$225K2009-08-26$1.3M$3.6M90%
Pre-Seed$453K2010-12-26$2.5M$7.3M90%
Pre-Seed$328K2012-09-04$1.8M$5.3M90%
Pre-Seed$1.0M2013-05-29$5.6M$16.1M90%
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. Pre-Seed$225K2009-08-26
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$453K2010-12-26
    • Raised 16 mo later, in step with the ~12 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
  3. Pre-Seed$328K2012-09-04
    • Raised again after 20 mo — slower than the ~12 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
  4. Pre-Seed$1.0M2013-05-29
    • Raised 9 mo later, in step with the ~12 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
Intelligence
2014 ~Q3
Modeled next raise · ~15mo cadence
$3.0M
Modeled next size est.range $2.0M$4.8M
3.0×
Last step-up
$534K/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
Brian C Cruver2012-09
Erik C Norwood2012-09
John C Shore2009-08
Matthew James Butterfield2009-08
Registry & provenance

Circular Energy, LP 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
1471392
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Hydrovolts, Inc.Other EnergyPre-Seed$1.8M$12.1Msame sector · same stage
Starion Energy Inc.Other EnergyPre-Seed$1.8M$15.8Msame sector · same stage
Ag Energy Products, LLCOther EnergyPre-Seed$1.8M$9.6Msame sector · same stage
Ultracell CorpOther EnergyPre-Seed$1.8M$12.1Msame sector · same stage
Convergent Power, Inc.Other EnergyPre-Seed$1.7M$15.6Msame sector · same stage
Verde Energy Usa, IncOther EnergyPre-Seed$2.5M$9.7Msame sector · same stage
Solar Energy Initiatives, Inc.Other EnergyPre-Seed$1.5M$11.3Msame sector · same stage
Capture Advance, Inc.Other EnergyPre-Seed$1.5M$16.1Msame sector · same stage
Frequently asked
How much funding has Circular Energy, LP raised?
Circular Energy, LP has raised approximately $2.0M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Circular Energy, LP's estimated valuation?
Provath's modeled valuation for Circular Energy, LP is approximately $16.1M (modeled range $633K–$183.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Circular Energy, LP at?
Circular Energy, LP's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed May 29.
What does Circular Energy, LP do and where is it based?
Circular Energy, LP operates in the Other Energy sector, based in AUSTIN.
Explore related

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