Diligence memo · auto-generated · as of July 2, 2026
Five States Renewable Energy Fund, Llc
Five States Renewable Energy Fund, Llc has raised $37M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Five States Renewable Energy Fund, Llc operates in Investment Vehicle, based in DALLAS.
Sub-sector tags: climate/cleantech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Five States Renewable Energy Fund, Llc has raised $37M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $37M on 2021-09-02.
Most recent recorded round closed around 2021-09-02.
Valuation (modeled)modeled
Provath models Five States Renewable Energy Fund, Llc at approximately $454M (range $91M–$1.4B). 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
Not enough dated financing history to read a financing rhythm.
Comparablesmixed
Capital scale ranks ahead of 88% of Investment Vehicle peers (1793 compared).
Modeled value ranks above 90% of those peers.
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.