Companies · Other

Ecotone Renewables PBC

PITTSBURGH · Other

Diligence memoA one-page analyst read on Ecotone Renewables PBC — recommendation, valuation, rhythm, risks.
$4.5M
Total raised · real
1
Rounds
0.8×
Latest step-up
Top 37%
Sector rank · raised
Series A
Latest stage · inferred · Mon Jun 10 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Ecotone Renewables PBC looks under-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

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 0.54× the median modeled value of Series A Other companies in 2022–2024 (1135 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.1 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Ecotone Renewables PBC is one of 25008 Other companies tracked from PITTSBURGH. By capital raised it ranks mid-pack (ahead of 64% 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
Rule 506(b)
Reg D exemption
35
Investors (latest)
2022
Year incorporated
2024-06-10
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 · 2024-06-10 Raised $4.5M (real) Modeled valuation $21M (est)$4.5M$21MSeries A2024Seed · 2024-06-10 Raised $3.8M (real) Modeled valuation $16M (est)$3.8M$16MSeed2024+$3.8MCumulative $8.3M

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$4.5M · 2024
Bridge · Series A-stage$3.8M · 2024smaller follow-on

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: 67%.

Modeled valuation trajectory
$21.1M
Base estimate est.
$6.2M
Conservative case
$46.1M
Upside case
$20.7M
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. Directional, not a quoted figure.

Series A · modeled $21.1M · 2024-06-102024Seed · modeled $16.2M · 2024-06-102024
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.35×/yr
Annual markup
1.70×/yr upside case
2.1 yr
Elapsed time used
2.1 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
2.1 yr
On record since
2024
First round
2
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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) 2.2× above median
This company$4.5M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.7× of median
This company$3.8M
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 1.2× above median
This company$21.1M
Sector median$17.7M

Raised more than 64% of sector peers (real $). Modeled value above 54% 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 #931 of 1,135.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Ness Well, Inc. · Series A Raised $14.9M · modeled $142.4M (est)Quantori, Inc. · Series A Raised $15.0M · modeled $138.5M (est)Applause Network TV, Inc. · Series A Raised $15.0M · modeled $135.0M (est)Qquv Investments 5, Llc · Series A Raised $15.0M · modeled $135.0M (est)Trustworthy Co · Series A Raised $15.5M · modeled $134.2M (est)DigniFi Holding, Inc. · Series A Raised $24.3M · modeled $133.9M (est)Proventures Capital, Inc. · Series A Raised $14.7M · modeled $132.9M (est)Zenledger, Inc. · Series A Raised $21.6M · modeled $132.0M (est)Gridwise, Inc. · Series A Raised $20.4M · modeled $131.7M (est)Aztec Broadway Ltd Liability Co · Series A Raised $14.0M · modeled $127.6M (est)KABR Jamaica SPE LLC · Series A Raised $14.7M · modeled $126.8M (est)Harmony Musical LLC · Series A Raised $15.0M · modeled $126.2M (est)Ecotone Renewables PBC (this company) Raised $4.5M · modeled $21.1M (est)Ecotone Renewables PBC
CompanyStageRaised · realValue · estvs peer med.
Ness Well, Inc.Series A$14.9M$142.4M3.67×
Quantori, Inc.Series A$15.0M$138.5M3.57×
Applause Network TV, Inc.Series A$15.0M$135.0M3.48×
Qquv Investments 5, LlcSeries A$15.0M$135.0M3.48×
Trustworthy CoSeries A$15.5M$134.2M3.46×
DigniFi Holding, Inc.Series A$24.3M$133.9M3.45×
Proventures Capital, Inc.Series A$14.7M$132.9M3.42×
Zenledger, Inc.Series A$21.6M$132.0M3.40×
Gridwise, Inc.Series A$20.4M$131.7M3.39×
Aztec Broadway Ltd Liability CoSeries A$14.0M$127.6M3.29×
KABR Jamaica SPE LLCSeries A$14.7M$126.8M3.26×
Harmony Musical LLCSeries A$15.0M$126.2M3.25×
Ecotone Renewables PBC this companySeries A$4.5M$21.1M0.54×
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$4.5M2024-06-10$20.7M$21.1M90%
Seed$3.8M2024-06-10$18.9M$16.2M90%
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$4.5M2024-06-10
    • First recorded raise — entered as Series A.
    • 39 investors on this round.
  2. Seed$3.8M2024-06-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 35 investors on this round.
Intelligence
Modeled next raise
$3.8M
Modeled next size est.range $3.8M$6.0M
0.8×
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
Dylan Lew2024-06
Elliott Bennett2024-06
Judy Li2024-06
Kyle Wyche2024-06
Registry & provenance

Ecotone Renewables PBC 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
1965801
SEC CIK
2022
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
Meadows on Main LLCOtherSeries A$4.5M$20.7Msame sector · same stage
Timber Pointe Equity Partners, LLCOtherSeries A$4.6M$20.5Msame sector · same stage
Dp 156, LlcOtherSeries A$4.4M$21.2Msame sector · same stage
Titan Environmental Solutions Inc.OtherSeries A$4.4M$20.7Msame sector · same stage
Delivered Inc.OtherSeries A$4.8M$21.7Msame sector · same stage
Perlant LLCOtherSeries A$4.2M$21.2Msame sector · same stage
New Fat Ass Holding Co, LLCOtherSeries A$4.2M$21.5Msame sector · same stage
Sure People, Inc.OtherSeries A$5.0M$20.5Msame 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
Bluestone Renewables Holding LlcOther EnergySeries A$53.7M84%
Ecogreener Inc.OtherPre-Seed$2.9M80%
Green Options, PBCOtherSeed$5.0M79%
Cyclum Renewables, LLCOther EnergySeries C$6.1M79%
Green Exchange, PBCOtherPre-Seed$5.6M79%
CAPSTONE TURBINE CorpOther EnergySeries B$60.5M79%
CleanBay Renewables LLCOther EnergySeed$26.0M79%
Spiritus Technologies, PbcOther EnergySeries A$51.5M78%
Frequently asked
How much funding has Ecotone Renewables PBC raised?
Ecotone Renewables PBC has raised approximately $4.5M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Ecotone Renewables PBC's estimated valuation?
Provath's modeled valuation for Ecotone Renewables PBC is approximately $21.1M (modeled range $6.2M–$46.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ecotone Renewables PBC at?
Ecotone Renewables PBC's latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Jun 10.
What does Ecotone Renewables PBC do and where is it based?
Ecotone Renewables PBC operates in the Other sector, based in PITTSBURGH.
Explore related

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

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