Companies · Environmental Services

Devonian Acquisition Corp

PLYMOUTH MEETING · Environmental Services

Diligence memoA one-page analyst read on Devonian Acquisition Corp — recommendation, valuation, rhythm, risks.
$13.8M
Total raised · real
2
Rounds
0.2×
Latest step-up
Top 22%
Sector rank · raised
Series A
Latest stage · inferred · Mon Mar 25 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

Devonian Acquisition Corp looks under-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.

Under-valued
  • Modeled value is 0.48× the median modeled value of Series A Environmental Services companies in 2013–2015 (16 peers) — value vs value, same stage and era.
Dormant
  • Last raise 13.3 yr ago; this sector typically re-raises about every 11 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 Environmental Services

Devonian Acquisition Corp is one of 242 Environmental Services companies tracked from PLYMOUTH MEETING. By capital raised it ranks in the upper tier (ahead of 79% 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$125M$250M$375M$500MSeries A · 2013-03-11 Raised $12M (real) Modeled valuation $258M (est)$12M$258MSeries A2013Series A · 2013-03-25 Raised $2.1M (real) Modeled valuation $47M (est)$2.1M$47MSeries A2013+$2.1MCumulative $14M

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
Series A$11.7M · 2013
Series A extension$2.1M · 2013

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$47.1M
Base estimate est.
$2.7M
Conservative case
$256.1M
Upside case
$9.7M
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.

Series A · modeled $258.2M · 2013-03-112013Series A · modeled $47.1M · 2013-03-252013
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
13.3 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
13.3 yr
On record since
2013
First round
2
Rounds on file
How it compares to the market

Benchmarked against 242 companies in Environmental Services. 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) 6.0× above median
This company$13.8M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.5× of median
This company$2.1M
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 1.9× above median
This company$47.1M
Sector median$25.3M

Raised more than 79% of sector peers (real $). Modeled value above 67% 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 #12 of 16.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Gwtt Holding Company, Llc · Series A Raised $14.9M · modeled $329.7M (est)ProAct Services Corp · Series A Raised $14.3M · modeled $314.8M (est)GreenHunter Resources, Inc. · Series A Raised $20.2M · modeled $287.2M (est)CES Holding Company, Inc. · Series A Raised $12.2M · modeled $268.9M (est)Kurion Inc · Series A Raised $11.3M · modeled $220.9M (est)BCR Environmental Corp · Series A Raised $16.1M · modeled $132.6M (est)IREP-Montgomery MRF, LLC · Series A Raised $5.8M · modeled $128.3M (est)Enviro Clean Group, LLC · Series A Raised $4.5M · modeled $99.4M (est)Preservation Ranch, LLC · Series A Raised $4.4M · modeled $97.2M (est)Reliable One Resources, Inc. · Series A Raised $4.0M · modeled $89.3M (est)Integrated Resource Recovery Inc · Series A Raised $14.7M · modeled $85.1M (est)Devonian Acquisition Corp (this company) Raised $13.8M · modeled $47.1M (est)Devonian Acquisition Corp
CompanyStageRaised · realValue · estvs peer med.
Gwtt Holding Company, LlcSeries A$14.9M$329.7M3.35×
ProAct Services CorpSeries A$14.3M$314.8M3.20×
GreenHunter Resources, Inc.Series A$20.2M$287.2M2.92×
CES Holding Company, Inc.Series A$12.2M$268.9M2.73×
Kurion IncSeries A$11.3M$220.9M2.25×
BCR Environmental CorpSeries A$16.1M$132.6M1.35×
IREP-Montgomery MRF, LLCSeries A$5.8M$128.3M1.30×
Enviro Clean Group, LLCSeries A$4.5M$99.4M1.01×
Preservation Ranch, LLCSeries A$4.4M$97.2M0.99×
Reliable One Resources, Inc.Series A$4.0M$89.3M0.91×
Integrated Resource Recovery IncSeries A$14.7M$85.1M0.87×
Devonian Acquisition Corp this companySeries A$13.8M$47.1M0.48×
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.
Series A$11.7M2013-03-11$53.1M$258.2M90%
Series A$2.1M2013-03-25$9.7M$47.1M90%
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. Series A$11.7M2013-03-11
    • First recorded raise — entered as Series A.
  2. Series A$2.1M2013-03-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.5× smaller than the prior — bridge or down round.
Intelligence
2013 ~Q2
Modeled next raise · ~0mo cadence
$2.1M
Modeled next size est.range $2.1M$3.4M
0.2×
Last step-up
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
STEPHEN P HARRINGTON1 other2013-03
Registry & provenance

Devonian Acquisition 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
1572614
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
ProAct Services CorpEnvironmental ServicesSeries A$14.3M$314.8Msame sector · same stage
Integrated Resource Recovery IncEnvironmental ServicesSeries A$14.7M$85.1Msame sector · same stage
GTE Holdings LLCEnvironmental ServicesSeries A$14.7M$5.6Msame sector · same stage
Gwtt Holding Company, LlcEnvironmental ServicesSeries A$14.9M$329.7Msame sector · same stage
Clear Currents, Inc.Environmental ServicesSeries A$15.0M$34.5Msame sector · same stage
Langan Engineering, Environmental, Surveying, Landscape Architecture & Geology, D.P.C.Environmental ServicesSeries A$15.2M$16.3Msame sector · same stage
PegEx, Inc.Environmental ServicesSeries A$15.3M$27.6Msame sector · same stage
CES Holding Company, Inc.Environmental ServicesSeries A$12.2M$268.9Msame sector · same stage
Frequently asked
How much funding has Devonian Acquisition Corp raised?
Devonian Acquisition Corp has raised approximately $13.8M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Devonian Acquisition Corp's estimated valuation?
Provath's modeled valuation for Devonian Acquisition Corp is approximately $47.1M (modeled range $2.7M–$256.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Devonian Acquisition Corp at?
Devonian Acquisition Corp's latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Mar 25.
What does Devonian Acquisition Corp do and where is it based?
Devonian Acquisition Corp operates in the Environmental Services sector, based in PLYMOUTH MEETING.
Explore related

See where Devonian Acquisition Corp sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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