Diligence memo · auto-generated · as of July 2, 2026
Evergreen Energy Inc
Evergreen Energy Inc has raised $23M over 2 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Evergreen Energy Inc operates in Coal Mining, based in DENVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Evergreen Energy Inc has raised $23M 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: $16M on 2011-02-01.
Most recent recorded round closed around 2011-02-01.
Valuation (modeled)modeled
Provath models Evergreen Energy Inc at approximately $66M (range $38M–$255M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 15 months.
Last raise 15.4 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 2.3× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 76% of Coal Mining peers (76 compared).
Modeled value ranks above 76% of those peers.
Peoplefiled
15 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.