Companies · Energy Conservation

DevvStream Corp.

SACRAMENTO · Energy Conservation

Diligence memoA one-page analyst read on DevvStream Corp. — recommendation, valuation, rhythm, risks.
$12.0M
Total raised · real
2
Rounds
0.2×
Latest step-up
Top 21%
Sector rank · raised
Series A
Latest stage · inferred · Wed Dec 03 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

DevvStream Corp. has raised $12M over 2 rounds; too few niche peers to rank its valuation yet.

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.

Active
  • Last raise 7 mo ago; this sector typically re-raises about every 11 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 Energy Conservation

DevvStream Corp. is one of 254 Energy Conservation companies tracked from SACRAMENTO. By capital raised it ranks in the upper tier (ahead of 80% of sector peers), and in the long tail 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
1
Investors (latest)
2021
Year incorporated
2025-12-03
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$13M$25M$38M$50MSeries A · 2025-07-18 Raised $10M (real) Modeled valuation $33M (est)$10M$33MSeries A2025Series A · 2025-12-03 Raised $2.0M (real) Modeled valuation $5.7M (est)$2.0M$5.7MSeries A2025+$2.0MCumulative $12M

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$10.0M · 2025
Series A extension$2.0M · 2025

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
$5.7M
Base estimate est.
$2.5M
Conservative case
$8.9M
Upside case
$9.1M
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 $32.9M · 2025-07-182025Series A · modeled $5.7M · 2025-12-032025
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
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$31.8M/yr
Capital velocity
1.0 yr
On record since
2025
First round
2
Rounds on file
How it compares to the market

Benchmarked against 254 companies in Energy Conservation. 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) 4.8× above median
This company$12.0M
Sector median$2.5M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.4× of median
This company$2.0M
Sector median$5.1M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$5.7M
Sector median$27.0M

Raised more than 80% of sector peers (real $). Modeled value above 21% 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 companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Geofy, Inc. · Series A Raised $13.0M · modeled $27.2M (est)XCT Holdings LLC · Series A Raised $7.5M · modeled $5.2M (est)DevvStream Corp. (this company) Raised $12.0M · modeled $5.7M (est)DevvStream Corp.
CompanyStageRaised · realValue · estvs peer med.
Geofy, Inc.Series A$13.0M$27.2M4.76×
DevvStream Corp. this companySeries A$12.0M$5.7M1.00×
XCT Holdings LLCSeries A$7.5M$5.2M0.92×
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$10.0M2025-07-18$45.5M$32.9M90%
Series A$2.0M2025-12-03$9.1M$5.7M90%
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$10.0M2025-07-18
    • First recorded raise — entered as Series A.
    • 1 investor on this round.
  2. Series A$2.0M2025-12-03
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 5.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2026 ~Q2
Modeled next raise · ~5mo cadence
$2.0M
Modeled next size est.range $2.0M$3.2M
0.2×
Last step-up
$31.8M/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
Sunny Trinh2 other2025-07
Wray Thorn2 other2025-07
Carl Stanton1 other2025-07
Chris Merkel1 other2025-07
David Goertz1 other2025-07
Jamila Max Piracci1 other2025-07
Stephen Max Kukucha1 other2025-07
Jamila Piracci2025-12
Michael Max Buhler2025-07
Stephen Kukucha2025-12
Registry & provenance

DevvStream 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
1854480
SEC CIK
2021
Incorporated
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
DevvStream Holdings Inc.OtherPre-Seed$500K$2.8Mnetwork5 shared operators
Hybridyne Power SystemsEnergy ConservationSeries A$12.0M$265.1Msame sector · same stage
Transonic Combustion IncEnergy ConservationSeries A$12.0M$27.6Msame sector · same stage
Grid20/20, Inc.Energy ConservationSeries A$11.6M$78.0Msame sector · same stage
Federspiel CorpEnergy ConservationSeries A$12.6M$95.0Msame sector · same stage
GMZ Energy, Inc.Energy ConservationSeries A$12.9M$31.8Msame sector · same stage
Geofy, Inc.Energy ConservationSeries A$13.0M$27.2Msame sector · same stage
GeoSolar Technologies, Inc.Energy ConservationSeries A$10.6M$43.8Msame 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
Shifted Energy, Inc.Energy ConservationPre-Seed$21.9M83%
BioRenewable Technologies, Inc.Energy ConservationSeries A$89.5M83%
Dualcore Energy, Inc.Energy ConservationPre-Seed$9.8M83%
WexEnergy LLCEnergy ConservationPre-Seed$13.7M82%
Energy Exploration Technologies, Inc.Energy ConservationSeries A$130.4M82%
Geofy, Inc.Energy ConservationSeries A$27.2M82%
Digital Power-Optimization LLCEnergy ConservationPre-Seed$3.0M82%
Green Heat CorpEnergy ConservationSeries A$6.1M82%
Frequently asked
How much funding has DevvStream Corp. raised?
DevvStream Corp. has raised approximately $12.0M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is DevvStream Corp.'s estimated valuation?
Provath's modeled valuation for DevvStream Corp. is approximately $5.7M (modeled range $2.5M–$8.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is DevvStream Corp. at?
DevvStream Corp.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Dec 03.
What does DevvStream Corp. do and where is it based?
DevvStream Corp. operates in the Energy Conservation sector, based in SACRAMENTO.
Explore related

See where DevvStream 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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