Companies · Climate / Cleantech

Complete Solar, Inc.

San Ramon · Climate / Cleantech · refined from filed group “Other

Diligence memoA one-page analyst read on Complete Solar, Inc. — recommendation, valuation, rhythm, risks.
$20.4M
Total raised · real
4
Rounds
1.9×
Latest step-up
Top 19%
Sector rank · raised
Series A
Latest stage · inferred · Fri Jan 31 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Complete Solar, Inc. 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 climate/enviro 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 1.76× the median modeled value of Series A Climate / Cleantech companies in 2019–2021 (9 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.4 yr ago; this sector typically re-raises about every 9 months.
  • Silent for over 3× the sector's normal cadence.
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 Climate / Cleantech

Complete Solar, Inc. is one of 207 Climate / Cleantech companies tracked from San Ramon. By capital raised it ranks in the upper tier (ahead of 82% 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.

climate/cleantech

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
6
Investors (latest)
2020-01-31
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$500MPre-Seed · 2012-11-02 Raised $510K (real) Modeled valuation $17M (est)$510K$17MPre-Seed2012Seed · 2014-02-24 Raised $3.0M (real) Modeled valuation $80M (est)$3.0M$80MSeed2014Series A · 2016-07-29 Raised $5.8M (real) Modeled valuation $129M (est)$5.8M$129MSeries A2016Series A · 2020-01-31 Raised $11M (real) Modeled valuation $245M (est)$11M$245MSeries A2020+$3.0M+$5.8M+$11MCumulative $20M

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$510K · 2012
Seed$3.0M · 2014
Series A$5.8M · 2016
Series A extension$11.1M · 2020

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

Modeled valuation trajectory
$244.6M
Base estimate est.
$13.9M
Conservative case
$1.3B
Upside case
$50.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the climate/enviro sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $17.2M · 2012-11-022012Seed · modeled $80.2M · 2014-02-24Series A · modeled $129.2M · 2016-07-29Series A · modeled $244.6M · 2020-01-312020
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
51%
Survival probability
28% low · 69% high
1.46×/yr
Annual markup
1.84×/yr upside case
6.0 yr
Elapsed time used
6.4 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
29 mo
Avg between rounds
$2.8M/yr
Capital velocity
13.7 yr
On record since
2012
First round
4
Rounds on file
How it compares to the market

Benchmarked against 207 companies in Climate / Cleantech. 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) 2.5× above median
This company$20.4M
Sector median$8.1M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.5× above median
This company$11.1M
Sector median$7.5M
Modeled value — vs sector median (estimate, all stages) 4.1× above median
This company$244.6M
Sector median$59.7M

Raised more than 82% of sector peers (real $). Modeled value above 86% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #2 of 9.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)SunCulture · Series A Raised $14.0M · modeled $262.1M (est)Zitara Technologies, Inc. · Series A Raised $16.4M · modeled $193.5M (est)Heimdal Inc. · Series A Raised $10.8M · modeled $141.0M (est)TGP Solar Investments, LLC · Series A Raised $7.0M · modeled $138.7M (est)Easy Solar · Series A Raised $5.0M · modeled $99.9M (est)Yellow · Series A Raised $3.3M · modeled $67.9M (est)Toledo Solar, Inc. · Series A Raised $8.8M · modeled $45.5M (est)Climate Service, Inc. · Series A Raised $8.3M · modeled $7.5M (est)Complete Solar, Inc. (this company) Raised $20.4M · modeled $244.6M (est)Complete Solar, Inc.
CompanyStageRaised · realValue · estvs peer med.
SunCultureSeries A$14.0M$262.1M1.89×
Complete Solar, Inc. this companySeries A$20.4M$244.6M1.76×
Zitara Technologies, Inc.Series A$16.4M$193.5M1.39×
Heimdal Inc.Series A$10.8M$141.0M1.02×
TGP Solar Investments, LLCSeries A$7.0M$138.7M1.00×
Easy SolarSeries A$5.0M$99.9M0.72×
YellowSeries A$3.3M$67.9M0.49×
Toledo Solar, Inc.Series A$8.8M$45.5M0.33×
Climate Service, Inc.Series A$8.3M$7.5M0.05×
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$510K2012-11-02$2.8M$17.2M85%
Seed$3.0M2014-02-24$14.8M$80.2M85%
Series A$5.8M2016-07-29$26.6M$129.2M85%
Series A$11.1M2020-01-31$50.3M$244.6M90%
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$510K2012-11-02
    • First recorded raise — entered as Pre-Seed.
    • 9 investors on this round.
  2. Seed$3.0M2014-02-24
    • Raised again after 16 mo — slower than the ~9 mo sector norm.
    • Round 5.8× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 14 investors on this round.
  3. Series A$5.8M2016-07-29
    • Raised again after 29 mo — slower than the ~9 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 8 investors on this round.
  4. Series A$11.1M2020-01-31
    • Raised again after 42 mo — slower than the ~9 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 6 investors on this round.
Intelligence
2022 ~Q3
Modeled next raise · ~29mo cadence
$21.0M
Modeled next size est.range $13.6M$33.5M
1.9×
Last step-up
$2.8M/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
William J Anderson3 other2012-11
David J Anderson1 other2012-11
Ann J Miura-Ko2012-11
Devin J Whatley2016-07
Elias J Antoun2012-11
James J Everett2016-07
Kerim J Baran2012-11
Registry & provenance

Complete Solar, Inc. 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
1562192
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
Trillium Renewable Chemicals, Inc.Climate / CleantechSeries A$18.3M$47.8Msame sector · same stage
Zitara Technologies, Inc.Climate / CleantechSeries A$16.4M$193.5Msame sector · same stage
TagaddodClimate / CleantechSeries A$26.3M$79.6Msame sector · same stage
Toledo Solar Holdings, Inc.Climate / CleantechSeries A$15.6M$12.6Msame sector · same stage
GreenChargeClimate / CleantechSeries A$15.0M$78.3Msame sector · same stage
First Nickel IncOtherSeries A$22.6M$29.0Mnetwork1 shared operator · same stage
SunCultureClimate / CleantechSeries A$14.0M$262.1Msame sector · same stage
Prieto Battery, Inc.Climate / CleantechSeries A$31.8M$63.9Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Solar Topco, Inc.Climate / CleantechGrowth/Late$10.9B89%
Solar Tech Energy Systems, Inc.Other EnergySeed$4.0M88%
ETC Solar, Inc.Other EnergyPre-Seed$8.1M88%
Final Mile Solar, LLCClimate / CleantechPre-Seed$8.4M88%
Target Solar, LLCClimate / CleantechPre-Seed$10.1M87%
Project Solar, Inc.Other EnergySeries B$144.3M87%
Toledo Solar, Inc.Climate / CleantechSeries A$45.5M87%
Aurora Solar Inc.Climate / CleantechSeries D+$3.5B87%
Frequently asked
How much funding has Complete Solar, Inc. raised?
Complete Solar, Inc. has raised approximately $20.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Complete Solar, Inc.'s estimated valuation?
Provath's modeled valuation for Complete Solar, Inc. is approximately $244.6M (modeled range $13.9M–$1.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Complete Solar, Inc. at?
Complete Solar, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Jan 31.
What does Complete Solar, Inc. do and where is it based?
Complete Solar, Inc. operates in the Climate / Cleantech sector, based in San Ramon.
Explore related

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