Diligence memo · auto-generated · as of July 2, 2026
Found Energy Co
Found Energy Co looks fair against its niche peers and is active on financing cadence.
Businessfiled
Found Energy Co operates in Other Energy, based in Charlestown.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Found Energy Co has raised $22M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $15M on 2024-01-25.
Most recent recorded round closed around 2025-04-22.
Valuation (modeled)modeled
Provath models Found Energy Co at approximately $17M (range $7.0M–$31M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.88× the median modeled value of Series A Other Energy companies in 2025–2027 (43 peers) — value vs value, same stage and era. Within the normal band (88% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 8 months.
Last raise 14 mo ago; this sector typically re-raises about every 12 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 2.7× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 82% of Other Energy peers (2049 compared).
Modeled value ranks above 50% of those peers.
Closest niche peers: Industrial Biomass Group LLC, Hixwood CFS Partners, LLC, Endolith Inc., Sora Fuel Corp, Sapphire Technologies, Inc..
Peoplefiled
4 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.