Companies · Other Energy

ET Water Systems, Inc.

CORTE MADERA · Other Energy

Diligence memoA one-page analyst read on ET Water Systems, Inc. — recommendation, valuation, rhythm, risks.
$1.2M
Total raised · real
2
Rounds
5.9×
Latest step-up
Top 71%
Sector rank · raised
Seed
Latest stage · inferred · Fri Feb 19 2010 00:00:00 GMT+0000 (Coordinated Universal Time)

ET Water Systems, 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 0.54× the median modeled value of Seed Other Energy companies in 2010–2012 (94 peers) — value vs value, same stage and era.
Dormant
  • Last raise 16.4 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

ET Water Systems, Inc. is one of 2049 Other Energy companies tracked from CORTE MADERA. By capital raised it ranks in the long tail (ahead of 30% 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
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$5.0M$10M$15M$20MPre-Seed · 2009-06-25 Raised $169K (real) Modeled valuation $2.7M (est)$169K$2.7MPre-Seed2009Seed · 2010-02-19 Raised $1.0M (real) Modeled valuation $13M (est)$1.0M$13MSeed2010+$1.0MCumulative $1.2M

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
Pre-Seed$169K · 2009
Seed$1.0M · 2010

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

Modeled valuation trajectory
$13.0M
Base estimate est.
$855K
Conservative case
$101.8M
Upside case
$5.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $2.7M · 2009-06-252009Seed · modeled $13.0M · 2010-02-192010
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.38×/yr
Annual markup
1.80×/yr upside case
6.0 yr
Elapsed time used
16.4 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$1.8M/yr
Capital velocity
17.0 yr
On record since
2009
First round
2
Rounds on file
How it compares to the market

Benchmarked against 2049 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) 0.3× of median
This company$1.2M
Sector median$3.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.6× of median
This company$1.0M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$13.0M
Sector median$17.0M

Raised more than 30% of sector peers (real $). Modeled value above 43% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #82 of 94.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)Community Energy Holdings, Inc. · Seed Raised $4.0M · modeled $51.9M (est)Gentry-Glori Energy Investment LLC · Seed Raised $3.6M · modeled $46.9M (est)Phoenix Solar Holdings Corp. · Seed Raised $3.6M · modeled $46.4M (est)MegaWatt Solar, Inc. · Seed Raised $4.7M · modeled $45.2M (est)Allana Potash Corp. · Seed Raised $4.6M · modeled $42.2M (est)Tempronics · Seed Raised $3.9M · modeled $42.2M (est)SkyWest Energy Corp. · Seed Raised $5.0M · modeled $42.0M (est)Geosynfuels Llc · Seed Raised $3.1M · modeled $40.7M (est)Fuel-From-Waste 2 LLC · Seed Raised $5.8M · modeled $39.5M (est)Greenstart Investor Group, Llc · Seed Raised $3.0M · modeled $39.3M (est)Shasta Renewable Resources, LLC · Seed Raised $3.0M · modeled $39.0M (est)Menon International, Inc. · Seed Raised $3.0M · modeled $38.9M (est)ET Water Systems, Inc. (this company) Raised $1.2M · modeled $13.0M (est)ET Water Systems, Inc.
CompanyStageRaised · realValue · estvs peer med.
Community Energy Holdings, Inc.Seed$4.0M$51.9M2.15×
Gentry-Glori Energy Investment LLCSeed$3.6M$46.9M1.94×
Phoenix Solar Holdings Corp.Seed$3.6M$46.4M1.92×
MegaWatt Solar, Inc.Seed$4.7M$45.2M1.87×
Allana Potash Corp.Seed$4.6M$42.2M1.75×
TempronicsSeed$3.9M$42.2M1.74×
SkyWest Energy Corp.Seed$5.0M$42.0M1.74×
Geosynfuels LlcSeed$3.1M$40.7M1.68×
Fuel-From-Waste 2 LLCSeed$5.8M$39.5M1.63×
Greenstart Investor Group, LlcSeed$3.0M$39.3M1.62×
Shasta Renewable Resources, LLCSeed$3.0M$39.0M1.61×
Menon International, Inc.Seed$3.0M$38.9M1.61×
ET Water Systems, Inc. this companySeed$1.2M$13.0M0.54×
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.
Pre-Seed$169K2009-06-25$938K$2.7M90%
Seed$1.0M2010-02-19$5.0M$13.0M90%
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. Pre-Seed$169K2009-06-25
    • First recorded raise — entered as Pre-Seed.
  2. Seed$1.0M2010-02-19
    • Raised 8 mo later, in step with the ~12 mo sector norm.
    • Round 5.9× larger than the prior — scaling up.
Intelligence
2010 ~Q4
Modeled next raise · ~8mo cadence
$3.0M
Modeled next size est.range $2.0M$4.8M
5.9×
Last step-up
$1.8M/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
Peter Dalton2 other2009-06
Ben Kaczmarek2009-06
Ben Patrick Kaczmarek2010-02
Chad Hellman2009-06
Chad Patrick Hellman2010-02
David Curtis2009-06
David Dekker2009-06
David Patrick Curtis2010-02
David Patrick Dekker2010-02
Edward Kashian2009-06
Edward Patrick Kashian2010-02
J. Patrick McIntyre2010-02
Pat McIntyre2009-06
Peter Patrick Dalton2010-02
William Hasler2009-06
William Patrick Hasler2010-02
Registry & provenance

ET Water Systems, 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
1468186
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.

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Afg-Upl Ii LlcOther EnergySeed$1.2M$15.5Msame sector · same stage
Windspire Energy, Inc.Other EnergySeed$1.2M$13.0Msame sector · same stage
Champion Power LLCOther EnergySeed$1.2M$15.6Msame sector · same stage
Renew Energy, Inc.Other EnergySeed$1.2M$15.6Msame sector · same stage
Surge Accelerator 2 LLCOther EnergySeed$1.2M$15.6Msame sector · same stage
Hypersolar, Inc.Other EnergySeed$1.1M$14.7Msame sector · same stage
Ethiopian Potash Corp.Other EnergySeed$1.1M$14.6Msame sector · same stage
Frequently asked
How much funding has ET Water Systems, Inc. raised?
ET Water Systems, Inc. has raised approximately $1.2M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is ET Water Systems, Inc.'s estimated valuation?
Provath's modeled valuation for ET Water Systems, Inc. is approximately $13.0M (modeled range $855K–$101.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is ET Water Systems, Inc. at?
ET Water Systems, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Feb 19.
What does ET Water Systems, Inc. do and where is it based?
ET Water Systems, Inc. operates in the Other Energy sector, based in CORTE MADERA.
Explore related

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