Companies · Other Energy

Ener-Core, Inc.

IRVINE · Other Energy

Diligence memoA one-page analyst read on Ener-Core, Inc. — recommendation, valuation, rhythm, risks.
$31.0M
Total raised · real
11
Rounds
0.2×
Latest step-up
Top 15%
Sector rank · raised
Series A
Latest stage · inferred · Tue Jun 05 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Ener-Core, 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 energy 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 0.07× the median modeled value of Series A Other Energy companies in 2016–2018 (47 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.1 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 Other Energy

Ener-Core, Inc. is one of 2048 Other Energy companies tracked from IRVINE. By capital raised it ranks in the upper tier (ahead of 86% 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
12
Investors (latest)
2015
Year incorporated
2018-06-05
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$25M$50M$75M$100MSeries A · 2013-07-01 Raised $5.0M (real) Modeled valuation $52M (est)Series A2013Pre-Seed · 2013-07-29 Raised $185K (real) Modeled valuation $3.0M (est)Series A · 2013-07-29 Raised $310K (real) Modeled valuation $3.3M (est)Series A2013Series A · 2014-04-16 Raised $4.6M (real) Modeled valuation $48M (est)Series A · 2014-09-22 Raised $4.0M (real) Modeled valuation $42M (est)Series A2014Series A · 2015-04-23 Raised $5.0M (real) Modeled valuation $53M (est)Series A · 2015-05-01 Raised $810K (real) Modeled valuation $8.6M (est)Series A2015Series A · 2015-12-31 Raised $2.5M (real) Modeled valuation $26M (est)Series A · 2016-04-11 Raised $3.0M (real) Modeled valuation $32M (est)Series A2016Series A · 2016-12-02 Raised $3.2M (real) Modeled valuation $34M (est)Seed · 2017-09-19 Raised $1.9M (real) Modeled valuation $25M (est)Seed2017Pre-Seed · 2017-09-19 Raised $500K (real) Modeled valuation $8.1M (est)Pre-Seed · 2017-09-19 Raised $500K (real) Modeled valuation $8.1M (est)Pre-Seed2017Seed · 2017-09-19 Raised $1.4M (real) Modeled valuation $18M (est)Pre-Seed · 2017-09-19 Raised $900K (real) Modeled valuation $15M (est)Pre-Seed2017Series A · 2017-09-19 Raised $2.2M (real) Modeled valuation $23M (est)Series A · 2018-06-05 Raised $396K (real) Modeled valuation $4.2M (est)Series A2018Cumulative $36M

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$5.0M · 2013
Bridge · Series A-stage$185K · 2013smaller follow-on
Series A extension$310K · 2013
Series A extension$4.6M · 2014
Series A extension$4.0M · 2014
Series A extension$5.0M · 2015
Series A extension$810K · 2015
Series A extension$2.5M · 2015
Series A extension$3.0M · 2016
Series A extension$3.2M · 2016
Bridge · Series A-stage$1.9M · 2017smaller follow-on
Bridge · Series A-stage$500K · 2017smaller follow-on
Bridge · Series A-stage$500K · 2017smaller follow-on
Bridge · Series A-stage$1.4M · 2017smaller follow-on
Bridge · Series A-stage$900K · 2017smaller follow-on
Series A extension$2.2M · 2017
Series A extension$396K · 2018

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$4.2M
Base estimate est.
$512K
Conservative case
$22.7M
Upside case
$1.8M
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 energy sector profile. Directional, not a quoted figure.

Series A · modeled $52.4M · 2013-07-012013Pre-Seed · modeled $3.0M · 2013-07-29Series A · modeled $3.3M · 2013-07-29Series A · modeled $48.4M · 2014-04-16Series A · modeled $42.3M · 2014-09-22Series A · modeled $52.8M · 2015-04-23Series A · modeled $8.6M · 2015-05-01Series A · modeled $26.4M · 2015-12-31Series A · modeled $31.7M · 2016-04-11Series A · modeled $33.8M · 2016-12-02Seed · modeled $24.7M · 2017-09-19Pre-Seed · modeled $8.1M · 2017-09-19Pre-Seed · modeled $8.1M · 2017-09-19Seed · modeled $18.2M · 2017-09-19Pre-Seed · modeled $14.5M · 2017-09-19Series A · modeled $23.3M · 2017-09-19Series A · modeled $4.2M · 2018-06-052018
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.28×/yr
Annual markup
1.61×/yr upside case
6.0 yr
Elapsed time used
8.1 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$6.3M/yr
Capital velocity
13.0 yr
On record since
2013
First round
17
Rounds on file
How it compares to the market

Benchmarked against 2048 companies in Other Energy. 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) 9.1× above median
This company$31.0M
Sector median$3.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$396K
Sector median$5.5M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$4.2M
Sector median$17.0M

Raised more than 86% of sector peers (real $). Modeled value above 22% 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 #42 of 47.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Depcom Power, Inc. · Series A Raised $20.4M · modeled $158.5M (est)Ubiquitous Energy, Inc. · Series A Raised $22.0M · modeled $158.5M (est)CleanCapital Portfolio 1, LLC · Series A Raised $14.0M · modeled $147.9M (est)FINsix Corp · Series A Raised $31.2M · modeled $143.6M (est)King River Royalties, LLC · Series A Raised $13.3M · modeled $140.6M (est)Delta Sand Investors, LLC · Series A Raised $13.3M · modeled $140.1M (est)Potash Ridge Corp · Series A Raised $12.2M · modeled $124.3M (est)IA Energy Corp. · Series A Raised $21.0M · modeled $116.3M (est)Real Goods Solar, Inc. · Series A Raised $48.9M · modeled $113.6M (est)Canadian River Royalties, LLC · Series A Raised $10.4M · modeled $110.4M (est)Zero Point Energy, LLC · Series A Raised $10.0M · modeled $105.7M (est)Convergent Energy & Power LP · Series A Raised $9.0M · modeled $95.1M (est)Ener-Core, Inc. (this company) Raised $31.0M · modeled $4.2M (est)Ener-Core, Inc.
CompanyStageRaised · realValue · estvs peer med.
Depcom Power, Inc.Series A$20.4M$158.5M2.50×
Ubiquitous Energy, Inc.Series A$22.0M$158.5M2.50×
CleanCapital Portfolio 1, LLCSeries A$14.0M$147.9M2.33×
FINsix CorpSeries A$31.2M$143.6M2.26×
King River Royalties, LLCSeries A$13.3M$140.6M2.22×
Delta Sand Investors, LLCSeries A$13.3M$140.1M2.21×
Potash Ridge CorpSeries A$12.2M$124.3M1.96×
IA Energy Corp.Series A$21.0M$116.3M1.83×
Real Goods Solar, Inc.Series A$48.9M$113.6M1.79×
Canadian River Royalties, LLCSeries A$10.4M$110.4M1.74×
Zero Point Energy, LLCSeries A$10.0M$105.7M1.67×
Convergent Energy & Power LPSeries A$9.0M$95.1M1.50×
Ener-Core, Inc. this companySeries A$31.0M$4.2M0.07×
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$5.0M2013-07-01$22.5M$52.4M85%
Pre-Seed$185K2013-07-29$1.0M$3.0M85%
Series A$310K2013-07-29$1.4M$3.3M85%
Series A$4.6M2014-04-16$20.8M$48.4M85%
Series A$4.0M2014-09-22$18.2M$42.3M85%
Series A$5.0M2015-04-23$22.7M$52.8M85%
Series A$810K2015-05-01$3.7M$8.6M85%
Series A$2.5M2015-12-31$11.4M$26.4M85%
Series A$3.0M2016-04-11$13.6M$31.7M85%
Series A$3.2M2016-12-02$14.6M$33.8M90%
Seed$1.9M2017-09-19$9.5M$24.7M90%
Pre-Seed$500K2017-09-19$2.8M$8.1M90%
Pre-Seed$500K2017-09-19$2.8M$8.1M90%
Seed$1.4M2017-09-19$7.0M$18.2M90%
Pre-Seed$900K2017-09-19$5.0M$14.5M90%
Series A$2.2M2017-09-19$10.0M$23.3M90%
Series A$396K2018-06-05$1.8M$4.2M90%
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$5.0M2013-07-01
    • First recorded raise — entered as Series A.
    • 29 investors on this round.
  2. Pre-Seed$185K2013-07-29
    • Came back fast: 1 mo vs the ~12 mo sector norm.
    • Round 26.8× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  3. Series A$310K2013-07-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× larger than the prior — scaling up.
    • 6 investors on this round.
  4. Series A$4.6M2014-04-16
    • Raised 9 mo later, in step with the ~12 mo sector norm.
    • Round 14.8× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 5 investors on this round.
  5. Series A$4.0M2014-09-22
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 36 investors on this round.
  6. Series A$5.0M2015-04-23
    • Raised 7 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 11 investors on this round.
  7. Series A$810K2015-05-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 6.2× smaller than the prior — bridge or down round.
    • 30 investors on this round.
  8. Series A$2.5M2015-12-31
    • Raised 8 mo later, in step with the ~12 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 11 investors on this round.
  9. Series A$3.0M2016-04-11
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  10. Series A$3.2M2016-12-02
    • Raised 8 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 15 investors on this round.
  11. Seed$1.9M2017-09-19
    • Raised 10 mo later, in step with the ~12 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 22 investors on this round.
  12. Pre-Seed$500K2017-09-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.8× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  13. Pre-Seed$500K2017-09-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 10 investors on this round.
  14. Seed$1.4M2017-09-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.8× larger than the prior — scaling up.
    • 17 investors on this round.
  15. Pre-Seed$900K2017-09-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 14 investors on this round.
  16. Series A$2.2M2017-09-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.4× larger than the prior — scaling up.
    • 24 investors on this round.
  17. Series A$396K2018-06-05
    • Raised 9 mo later, in step with the ~12 mo sector norm.
    • Round 5.6× smaller than the prior — bridge or down round.
    • 12 investors on this round.
Intelligence
2018 ~Q3
Modeled next raise · ~4mo cadence
$396K
Modeled next size est.range $396K$633K
0.2×
Last step-up
$6.3M/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
Christopher Brown15 other2014-04
Christopher J. Brown8 other2013-07
Michael J. Hammons4 other2013-07
Stephen Johnson4 other2014-04
Kelly Anderson3 other2014-04
Michael Hammons3 other2014-04
Stephen L. Johnson2 other2013-07
Alain Castro1 other2014-04
Bennet P. Tchaikovsky1 other2015-12
Bennet Tchaikovsky1 other2014-04
Domonic Carney1 other2014-09
James M. Thorburn1 other2013-07
Alain J. Castro2013-07
Boris A. Maslov2013-07
Boris Maslov2014-04
Domonic J. Carney2015-12
Douglas A. Hamrin2017-09
Eric C. Helenek2015-12
Ian C. Copeland2015-12
Ian Copeland2015-04
James J. Reiman2017-09
Jeffrey A. Horn2014-09
Jeffrey Horn2015-04
Kent C. Williams2017-09
Registry & provenance

Ener-Core, 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
1495536
SEC CIK
2015
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
Sino Clean Energy IncOther EnergySeries A$17.8M$122.5Mnetwork1 shared operator · same sector · same stage
FlexEnergy, Inc.Other EnergySeries B$38.2M$217.5Mnetwork1 shared operator · same sector
Enernoc IncOther EnergySeries A$28.2M$3.8Msame sector · same stage
SkyFuel, Inc.Other EnergySeries A$25.3M$5.3Msame sector · same stage
PosiGen, Inc.Other EnergySeries B$54.4M$225.6Mnetwork1 shared operator · same sector
Geostellar, Inc.Other EnergySeries A$21.4M$5.8Msame sector · same stage
Light Visually Transceiving System CorpOther EnergySeries A$18.0M$2.1Msame sector · same stage
Probe Holdings IncOther EnergySeries A$17.4M$3.2Msame 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
Encentiv Energy, Inc.Other EnergySeed$29.2M90%
Enviro Power, Inc.Other EnergySeed$19.8M88%
EnerVenue Holdings, Ltd.Other EnergySeries D+$2.7B88%
EnZinc Inc.Other EnergySeries A$29.1M88%
Atom Power, Inc.Other EnergySeries D+$1.1B87%
OneEnergy, Inc.Other EnergySeries A$37.6M87%
Energold Drilling Corp.Other EnergySeries A$81.4M87%
EnerPure Inc.OtherSeed$20.2M87%
Frequently asked
How much funding has Ener-Core, Inc. raised?
Ener-Core, Inc. has raised approximately $31.0M in disclosed capital across 11 recorded financing rounds, aggregated from public filings.
What is Ener-Core, Inc.'s estimated valuation?
Provath's modeled valuation for Ener-Core, Inc. is approximately $4.2M (modeled range $512K–$22.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ener-Core, Inc. at?
Ener-Core, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Jun 05.
What does Ener-Core, Inc. do and where is it based?
Ener-Core, Inc. operates in the Other Energy sector, based in IRVINE.
Explore related

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

Is this your company?

If you work at Ener-Core, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.