Companies · Other Energy

Forum Energy Technologies, Inc.

HOUSTON · Other Energy

Diligence memoA one-page analyst read on Forum Energy Technologies, Inc. — recommendation, valuation, rhythm, risks.
$137.6M
Total raised · real
4
Rounds
26.4×
Latest step-up
Top 5%
Sector rank · raised
Series D+
Latest stage · inferred · Mon Oct 02 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Forum Energy Technologies, 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 1.86× the median modeled value of Series D+ Other Energy companies in 2016–2018 (8 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.7 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

Forum Energy Technologies, Inc. is one of 2049 Other Energy companies tracked from HOUSTON. By capital raised it ranks among the largest (ahead of 96% of sector peers), and among the largest 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
Rule 506(b)
Reg D exemption
15
Investors (latest)
2017-10-02
First sale
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$500M$1.0B$1.5B$2.0BSeed · 2011-07-01 Raised $3.0M (real) Modeled valuation $39M (est)$3.0M$39MSeed2011Series A · 2011-07-01 Raised $11M (real) Modeled valuation $114M (est)$11M$114MSeries A2011Series A · 2017-01-09 Raised $5.0M (real) Modeled valuation $53M (est)$5.0M$53MSeries A2017Series A · 2017-01-09 Raised $4.5M (real) Modeled valuation $48M (est)$4.5M$48MSeries A2017Series D+ · 2017-10-02 Raised $119M (real) Modeled valuation $1.4B (est)$119M$1.4BSeries D+2017+$11M+$5.0M+$4.5M+$119MCumulative $142M

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$3.0M · 2011
Series A$10.7M · 2011
Series A extension$5.0M · 2017
Series A extension$4.5M · 2017
Series D+$118.9M · 2017no Series B / Series C on file

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$1.4B
Base estimate est.
$640.1M
Conservative case
$3.1B
Upside case
$990.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Seed · modeled $38.9M · 2011-07-012011Series A · modeled $113.5M · 2011-07-01Series A · modeled $52.8M · 2017-01-09Series A · modeled $47.6M · 2017-01-09Series D+ · modeled $1.4B · 2017-10-022017
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
81%
Survival probability
65% low · 89% high
1.10×/yr
Annual markup
1.24×/yr upside case
6.0 yr
Elapsed time used
8.8 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$22.0M/yr
Capital velocity
15.0 yr
On record since
2011
First round
5
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) 40× above median
This company$137.6M
Sector median$3.4M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.1× above median
This company$118.9M
Sector median$105.3M
Modeled value — vs sector median (estimate, all stages) 84× above median
This company$1.4B
Sector median$17.0M

Raised more than 96% of sector peers (real $). Modeled value above 98% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #4 of 8.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Nature Token, Inc. · Series D+ Raised $400.0M · modeled $4.8B (est)Eckard Land & Acquisition, LLC · Series D+ Raised $240.0M · modeled $2.9B (est)Sunnova Energy Corp · Series D+ Raised $245.2M · modeled $2.1B (est)BrightSource Energy Inc · Series D+ Raised $505.8M · modeled $110.8M (est)Beamreach Solar, Inc. · Series D+ Raised $199.9M · modeled $97.1M (est)Harvest Power, Inc. · Series D+ Raised $220.7M · modeled $72.3M (est)Patterson Uti Energy Inc · Series D+ Raised $602.7M · modeled $32.2M (est)Forum Energy Technologies, Inc. (this company) Raised $137.6M · modeled $1.4B (est)Forum Energy Technologies, Inc.
CompanyStageRaised · realValue · estvs peer med.
Nature Token, Inc.Series D+$400.0M$4.8B6.25×
Eckard Land & Acquisition, LLCSeries D+$240.0M$2.9B3.75×
Sunnova Energy CorpSeries D+$245.2M$2.1B2.75×
Forum Energy Technologies, Inc. this companySeries D+$137.6M$1.4B1.86×
BrightSource Energy IncSeries D+$505.8M$110.8M0.14×
Beamreach Solar, Inc.Series D+$199.9M$97.1M0.13×
Harvest Power, Inc.Series D+$220.7M$72.3M0.09×
Patterson Uti Energy IncSeries D+$602.7M$32.2M0.04×
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$3.0M2011-07-01$15.0M$38.9M85%
Series A$10.7M2011-07-01$48.8M$113.5M85%
Series A$5.0M2017-01-09$22.7M$52.8M90%
Series A$4.5M2017-01-09$20.5M$47.6M90%
Series D+$118.9M2017-10-02$990.9M$1.4B90%
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$3.0M2011-07-01
    • First recorded raise — entered as Seed.
    • 2 investors on this round.
  2. Series A$10.7M2011-07-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.6× larger than the prior — scaling up.
    • 2 investors on this round.
  3. Series A$5.0M2017-01-09
    • Raised again after 66 mo — slower than the ~12 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 5 investors on this round.
  4. Series A$4.5M2017-01-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  5. Series D+$118.9M2017-10-02
    • Raised 9 mo later, in step with the ~12 mo sector norm.
    • Round 26.4× larger than the prior — scaling up.
    • 15 investors on this round.
Intelligence
2019 ~Q2
Modeled next raise · ~19mo cadence
$356.7M
Modeled next size est.range $231.9M$570.7M
26.4×
Last step-up
$22.0M/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
CHARLES E. JONES1 other2011-07
ANDREW C. WAITE2011-07
C. CHRISTOPHER GAUT2011-07
CHRISTOPHER G. DORROS2011-07
DAVID C. BALDWIN2011-07
D. Lyle Williams2017-10
D. Lyle Williams, Jr.2017-01
EVELYN C. ANGELLE2011-07
FRANKLIN C. MYERS2011-07
JAMES L. MCCULLOCH2011-07
JAMES W. HARRIS2011-07
John A. Carrig2017-01
JOHN C. SCHMITZ2011-07
John Lyle Schmitz2017-01
Louis A. Raspino2017-01
MICHAEL C. MCSHANE2011-07
MICHAEL D. DANFORD2011-07
Pablo G. Mercado2017-01
Pablo K. Mercado2017-10
Prady K. Iyyanki2017-01
Terence A. O'Toole2017-01
Tylar K. Schmitt2017-01
WENDELL R. BROOKS2011-07
W. PATRICK CONNELLY2011-07
Registry & provenance

Forum Energy Technologies, 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
1401257
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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Syncwatt, IncOther EnergySeries D+$150.0M$1.8Bsame sector · same stage
Alternate Energy Holdings, Inc.Other EnergySeries D+$151.4M$1.0Bsame sector · same stage
Crosstex Energy LpOther EnergySeries D+$125.0M$1.5Bsame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Actual Energy Inc.Other EnergySeed$8.1M85%
Open Energy Solutions Inc.Other EnergySeed$38.9M85%
Gridspan Energy LLCOther EnergyPre-Seed$2.5M85%
Energy Intelligence, Inc.Other EnergyPre-Seed$2.3M84%
Energy Services of America CORPOther EnergySeed$4.8M84%
Bridge to Renewables, Inc.Other EnergySeries C$443.7M84%
SolarCommunities, Inc.Other EnergySeed$13.2M84%
Fuel Tech, Inc.Other EnergySeries B$265.6M84%
Frequently asked
How much funding has Forum Energy Technologies, Inc. raised?
Forum Energy Technologies, Inc. has raised approximately $137.6M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Forum Energy Technologies, Inc.'s estimated valuation?
Provath's modeled valuation for Forum Energy Technologies, Inc. is approximately $1.4B (modeled range $640.1M–$3.1B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Forum Energy Technologies, Inc. at?
Forum Energy Technologies, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Mon Oct 02.
What does Forum Energy Technologies, Inc. do and where is it based?
Forum Energy Technologies, Inc. operates in the Other Energy sector, based in HOUSTON.
Explore related

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