Diligence memo · auto-generated · as of July 2, 2026
Electrada, LLC
Electrada, LLC looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Electrada, LLC operates in Other Energy, based in CINCINNATI.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Electrada, LLC has raised $34M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $22M on 2023-05-10.
Most recent recorded round closed around 2023-05-10.
Valuation (modeled)modeled
Provath models Electrada, LLC at approximately $146M (range $52M–$325M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.18× the median modeled value of Series B Other Energy companies in 2022–2024 (44 peers) — value vs value, same stage and era. Within the normal band (118% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 22 months.
Last raise 3.1 yr ago; this sector typically re-raises about every 12 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round stepped up 1.8× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 87% of Other Energy peers (2048 compared).
Modeled value ranks above 87% of those peers.
Closest niche peers: Pineapple Holdings, Inc., JTEC Energy, Inc., TMC the metals Co Inc., Cherry Street Holding Company, LLC, Clean Hydrogen Works LA-1, L.L.C..
Peoplefiled
12 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.