Companies · Other Energy

Ethical Electric Holdings, Inc.

Chevy Chase · Other Energy

Diligence memoA one-page analyst read on Ethical Electric Holdings, Inc. — recommendation, valuation, rhythm, risks.
$14.1M
Total raised · real
2
Rounds
5.8×
Latest step-up
Top 26%
Sector rank · raised
Series A
Latest stage · inferred · Fri Dec 27 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

Ethical Electric Holdings, Inc. looks over-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.

Over-valued
  • Modeled value is 2.15× the median modeled value of Series A Other Energy companies in 2013–2015 (81 peers) — value vs value, same stage and era.
Dormant
  • Last raise 12.5 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Ethical Electric Holdings, Inc. behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
13.0 yr record
Peak capital year was 2013 with $14.1M across 2 filings.
Market position
ahead of 75% of Other Energy peers
Capital scale is ahead of 75% of Other Energy peers; modeled value is above 86% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2013: $14.1M across 2 filings.
  • Largest single filing was $12.0M on 2013-12-27.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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

Ethical Electric Holdings, Inc. is one of 2049 Other Energy companies tracked from Chevy Chase. By capital raised it ranks in the upper tier (ahead of 75% 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$200MSeed · 2013-07-19 Raised $2.1M (real) Modeled valuation $27M (est)$2.1M$27MSeed2013Series A · 2013-12-27 Raised $12M (real) Modeled valuation $127M (est)$12M$127MSeries A2013+$12MCumulative $14M

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
Seed$2.1M · 2013
Series A$12.0M · 2013

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
$127.3M
Base estimate est.
$15.6M
Conservative case
$692.1M
Upside case
$54.7M
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 scaled by the energy sector profile. Directional, not a quoted figure.

Seed · modeled $27.1M · 2013-07-192013Series A · modeled $127.3M · 2013-12-272013
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
12.5 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$32.1M/yr
Capital velocity
13.0 yr
On record since
2013
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) 4.1× above median
This company$14.1M
Sector median$3.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.2× above median
This company$12.0M
Sector median$5.5M
Modeled value — vs sector median (estimate, all stages) 7.5× above median
This company$127.3M
Sector median$17.0M

Raised more than 75% of sector peers (real $). Modeled value above 86% 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 #6 of 81.

This companyCohort peer
$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)AgriGroupe Energy Holdings · Series A Raised $15.0M · modeled $158.5M (est)Brookfield Renewable Energy Partners L.P. · Series A Raised $13.4M · modeled $142.1M (est)Ofs Pro Ci, Lp · Series A Raised $13.1M · modeled $138.2M (est)Apex Wind Energy Holdings, LLC · Series A Raised $54.4M · modeled $134.2M (est)Ardica Technologies, Inc. · Series A Raised $14.6M · modeled $134.0M (est)UniEnergy Corp · Series A Raised $12.0M · modeled $126.8M (est)Lime Energy Co. · Series A Raised $11.8M · modeled $124.2M (est)Skyline Innovations, Inc. · Series A Raised $16.2M · modeled $123.0M (est)Industrial Heat, LLC · Series A Raised $11.6M · modeled $122.1M (est)Soltage, LLC · Series A Raised $11.5M · modeled $121.5M (est)SG Landlord 3, LLC · Series A Raised $11.0M · modeled $116.3M (est)Ethical Electric Holdings, Inc. (this company) Raised $14.1M · modeled $127.3M (est)Ethical Electric Holdings, Inc.
CompanyStageRaised · realValue · estvs peer med.
AgriGroupe Energy HoldingsSeries A$15.0M$158.5M2.67×
Brookfield Renewable Energy Partners L.P.Series A$13.4M$142.1M2.40×
Ofs Pro Ci, LpSeries A$13.1M$138.2M2.33×
Apex Wind Energy Holdings, LLCSeries A$54.4M$134.2M2.26×
Ardica Technologies, Inc.Series A$14.6M$134.0M2.26×
Ethical Electric Holdings, Inc. this companySeries A$14.1M$127.3M2.15×
UniEnergy CorpSeries A$12.0M$126.8M2.14×
Lime Energy Co.Series A$11.8M$124.2M2.09×
Skyline Innovations, Inc.Series A$16.2M$123.0M2.07×
Industrial Heat, LLCSeries A$11.6M$122.1M2.06×
Soltage, LLCSeries A$11.5M$121.5M2.05×
SG Landlord 3, LLCSeries A$11.0M$116.3M1.96×
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.
Seed$2.1M2013-07-19$10.4M$27.1M90%
Series A$12.0M2013-12-27$54.7M$127.3M90%
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. Seed$2.1M2013-07-19
    • First recorded raise — entered as Seed.
  2. Series A$12.0M2013-12-27
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round 5.8× larger than the prior — scaling up.
Intelligence
2014 ~Q2
Modeled next raise · ~5mo cadence
$36.1M
Modeled next size est.range $23.5M$57.8M
5.8×
Last step-up
$32.1M/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
Thomas C. Matzzie1 other2013-07
Brian C. Arbogast2013-07
Jim C. Wiseman2013-12
Wes C. Boyd2013-07
Wesley C. Boyd2013-12
Wiseman C. James2013-07
Registry & provenance

Ethical Electric Holdings, 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
1582824
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
Aircuity IncOther EnergySeries A$14.1M$66.0Msame sector · same stage
TPE LtdOther EnergySeries A$14.0M$132.1Msame sector · same stage
Brigus Gold Corp.Other EnergySeries A$14.0M$133.6Msame sector · same stage
CleanCapital Portfolio 1, LLCOther EnergySeries A$14.0M$147.9Msame sector · same stage
EVE Energy Ventures Inc.Other EnergySeries A$14.0M$107.8Msame sector · same stage
Texas Natural Resources, LLCOther EnergySeries A$13.8M$91.0Msame sector · same stage
Versogen, Inc.Other EnergySeries A$14.5M$98.9Msame sector · same stage
Ardica Technologies, Inc.Other EnergySeries A$14.6M$134.0Msame sector · same stage
Frequently asked
How much funding has Ethical Electric Holdings, Inc. raised?
Ethical Electric Holdings, Inc. has raised approximately $14.1M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Ethical Electric Holdings, Inc.'s estimated valuation?
Provath's modeled valuation for Ethical Electric Holdings, Inc. is approximately $127.3M (modeled range $15.6M–$692.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ethical Electric Holdings, Inc. at?
Ethical Electric Holdings, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Dec 27.
What does Ethical Electric Holdings, Inc. do and where is it based?
Ethical Electric Holdings, Inc. operates in the Other Energy sector, based in Chevy Chase.
Explore related

See where Ethical Electric Holdings, 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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