Companies · Manufacturing

Electratherm Inc

RENO · Manufacturing

Diligence memoA one-page analyst read on Electratherm Inc — recommendation, valuation, rhythm, risks.
$34.9M
Total raised · real
6
Rounds
0.5×
Latest step-up
Top 10%
Sector rank · raised
Series B
Latest stage · inferred · Mon Apr 18 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Electratherm Inc 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 manufacturing 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 0.17× the median modeled value of Series B Manufacturing companies in 2016–2018 (37 peers) — value vs value, same stage and era.
Dormant
  • Last raise 10.2 yr ago; this sector typically re-raises about every 12 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 Manufacturing

Electratherm Inc is one of 3256 Manufacturing companies tracked from RENO. By capital raised it ranks among the largest (ahead of 91% 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.

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$50M$100M$150M$200MSeries A · 2009-04-29 Raised $5.4M (real) Modeled valuation $53M (est)$5.4M$53MSeries A2009Seed · 2009-04-29 Raised $2.3M (real) Modeled valuation $28M (est)$2.3M$28MSeed2009Series B · 2010-12-31 Raised $18M (real) Modeled valuation $200M (est)$18M$200MSeries B2010Series B · 2013-12-31 Raised $1.0M (real) Modeled valuation $11M (est)$1.0M$11MSeries B2013Series B · 2014-05-29 Raised $5.3M (real) Modeled valuation $58M (est)$5.3M$58MSeries B2014Series B · 2016-04-18 Raised $2.8M (real) Modeled valuation $31M (est)$2.8M$31MSeries B2016+$2.3M+$18M+$1.0M+$5.3M+$2.8MCumulative $35M

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$5.4M · 2009
Bridge · Series A-stage$2.3M · 2009smaller follow-on
Series B$18.2M · 2010
Series B extension$1.0M · 2013
Series B extension$5.3M · 2014
Series B extension$2.8M · 2016

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: 75%.

Modeled valuation trajectory
$30.7M
Base estimate est.
$7.1M
Conservative case
$118.1M
Upside case
$15.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the manufacturing sector profile. Directional, not a quoted figure.

Series A · modeled $53.4M · 2009-04-292009Seed · modeled $27.6M · 2009-04-29Series B · modeled $199.6M · 2010-12-31Series B · modeled $11.1M · 2013-12-31Series B · modeled $58.0M · 2014-05-29Series B · modeled $30.7M · 2016-04-182016
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
69%
Survival probability
46% low · 85% high
1.19×/yr
Annual markup
1.44×/yr upside case
6.0 yr
Elapsed time used
10.2 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$5.0M/yr
Capital velocity
17.2 yr
On record since
2009
First round
6
Rounds on file
How it compares to the market

Benchmarked against 3256 companies in Manufacturing. 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) 17× above median
This company$34.9M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.2× of median
This company$2.8M
Sector median$18.5M
Modeled value — vs sector median (estimate, all stages) 2.6× above median
This company$30.7M
Sector median$12.0M

Raised more than 91% of sector peers (real $). Modeled value above 72% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #32 of 37.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)CannaCraft, Inc. · Series B Raised $34.7M · modeled $381.0M (est)Manitex International, Inc. · Series B Raised $35.7M · modeled $358.1M (est)Specialty Liquid Transportation Corp. · Series B Raised $29.0M · modeled $318.1M (est)Amplify Snack Brands, INC · Series B Raised $28.7M · modeled $314.6M (est)Simms Fishing Products LLC · Series B Raised $28.0M · modeled $307.1M (est)Bamboo Ecologic, Corp. · Series B Raised $25.3M · modeled $274.1M (est)Atomic Container Homes, Inc. · Series B Raised $25.0M · modeled $274.1M (est)FRX Polymers, Inc. · Series B Raised $55.2M · modeled $248.3M (est)Badger Sportswear Holdings, Inc. · Series B Raised $20.7M · modeled $227.1M (est)AIP-CAS Holdings, LLC · Series B Raised $20.2M · modeled $221.9M (est)WYO TECH Investment Group, LLC · Series B Raised $26.5M · modeled $219.3M (est)PA Cannabis Group, LLC · Series B Raised $20.0M · modeled $219.3M (est)Electratherm Inc (this company) Raised $34.9M · modeled $30.7M (est)Electratherm Inc
CompanyStageRaised · realValue · estvs peer med.
CannaCraft, Inc.Series B$34.7M$381.0M2.06×
Manitex International, Inc.Series B$35.7M$358.1M1.93×
Specialty Liquid Transportation Corp.Series B$29.0M$318.1M1.72×
Amplify Snack Brands, INCSeries B$28.7M$314.6M1.70×
Simms Fishing Products LLCSeries B$28.0M$307.1M1.66×
Bamboo Ecologic, Corp.Series B$25.3M$274.1M1.48×
Atomic Container Homes, Inc.Series B$25.0M$274.1M1.48×
FRX Polymers, Inc.Series B$55.2M$248.3M1.34×
Badger Sportswear Holdings, Inc.Series B$20.7M$227.1M1.23×
AIP-CAS Holdings, LLCSeries B$20.2M$221.9M1.20×
WYO TECH Investment Group, LLCSeries B$26.5M$219.3M1.18×
PA Cannabis Group, LLCSeries B$20.0M$219.3M1.18×
Electratherm Inc this companySeries B$34.9M$30.7M0.17×
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$5.4M2009-04-29$24.3M$53.4M90%
Seed$2.3M2009-04-29$11.3M$27.6M90%
Series B$18.2M2010-12-31$101.1M$199.6M90%
Series B$1.0M2013-12-31$5.6M$11.1M90%
Series B$5.3M2014-05-29$29.4M$58.0M90%
Series B$2.8M2016-04-18$15.5M$30.7M90%
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$5.4M2009-04-29
    • First recorded raise — entered as Series A.
  2. Seed$2.3M2009-04-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.4× smaller than the prior — bridge or down round.
  3. Series B$18.2M2010-12-31
    • Raised again after 20 mo — slower than the ~12 mo sector norm.
    • Round 8.1× larger than the prior — scaling up.
  4. Series B$1.0M2013-12-31
    • Raised again after 36 mo — slower than the ~12 mo sector norm.
    • Round 18.0× smaller than the prior — bridge or down round.
  5. Series B$5.3M2014-05-29
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round 5.2× larger than the prior — scaling up.
  6. Series B$2.8M2016-04-18
    • Raised again after 23 mo — slower than the ~12 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
Intelligence
2017 ~Q3
Modeled next raise · ~17mo cadence
$2.8M
Modeled next size est.range $2.8M$4.5M
0.5×
Last step-up
$5.0M/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
John Fox6 other2010-12
Ken Fox2 other2013-12
Michael Acheson2 other2009-04
William Olson2 other2009-04
John Frazer1 other2010-12
Stephen Olson1 other2010-12
John Acheson2014-05
John Davison2010-12
Paul Dickerson2013-12
Richard Langson2009-04
Robert Hoover2009-04
Steve Olson2009-04
Registry & provenance

Electratherm 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
1348402
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
Bright Automotive IncManufacturingSeries B$21.0M$9.3Mnetwork1 shared operator · same sector · same stage
USA Millwork Holding Co., LLCManufacturingSeries B$32.6M$22.2Msame sector · same stage
Faster Faster, Inc.ManufacturingSeries B$37.5M$26.9Msame sector · same stage
XinVivo, Inc.ManufacturingSeries B$29.7M$28.9Msame sector · same stage
Compagnie Financiere Richemont SaManufacturingSeries B$42.4M$29.4Msame sector · same stage
EOS Surfaces L.L.C.ManufacturingSeries B$44.2M$21.9Msame sector · same stage
Lightpath Technologies IncManufacturingSeries B$48.5M$35.4Msame sector · same stage
VIA Motors, Inc.ManufacturingSeries B$59.7M$31.7Msame sector · same stage
Frequently asked
How much funding has Electratherm Inc raised?
Electratherm Inc has raised approximately $34.9M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Electratherm Inc's estimated valuation?
Provath's modeled valuation for Electratherm Inc is approximately $30.7M (modeled range $7.1M–$118.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Electratherm Inc at?
Electratherm Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Apr 18.
What does Electratherm Inc do and where is it based?
Electratherm Inc operates in the Manufacturing sector, based in RENO.
Explore related

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

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