Diligence memo · auto-generated · as of July 2, 2026
Firstenergy Corp
Firstenergy Corp has raised $500M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Firstenergy Corp operates in Electric Utilities, based in AKRON.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Firstenergy Corp has raised $500M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $500M on 2016-12-13.
Most recent recorded round closed around 2016-12-13.
Valuation (modeled)modeled
Provath models Firstenergy Corp at approximately $5.0B (range $4.1B–$8.6B). 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
Last raise 9.5 yr ago; this sector typically re-raises about every 10 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 95% of Electric Utilities peers (133 compared).
Modeled value ranks above 96% of those peers.
Closest niche peers: Gridiron Energy Feeder I, L.P., Gridiron Energy, LLC.
Peoplefiled
24 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.