Companies · Other Energy

Freewire Technologies, Inc.

Newark · Other Energy

Diligence memoA one-page analyst read on Freewire Technologies, Inc. — recommendation, valuation, rhythm, risks.
$108.0M
Total raised · real
5
Rounds
1.9×
Latest step-up
Top 6%
Sector rank · raised
Series C
Latest stage · inferred · Mon Nov 06 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Freewire Technologies, Inc. looks under-valued against its niche peers and is at-risk 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.

Under-valued
  • Modeled value is 0.63× the median modeled value of Series C Other Energy companies in 2022–2024 (26 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.7 yr ago; this sector typically re-raises about every 12 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Freewire Technologies, Inc. is one of 2048 Other Energy companies tracked from Newark. By capital raised it ranks among the largest (ahead of 95% 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
66
Investors (latest)
2023-11-06
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$250M$500M$750M$1.0BSeries A · 2017-05-15 Raised $7.6M (real) Modeled valuation $81M (est)$7.6M$81MSeries A2017Series A · 2017-12-29 Raised $5.7M (real) Modeled valuation $60M (est)$5.7M$60MSeries A2017Series C · 2021-01-22 Raised $50M (real) Modeled valuation $551M (est)$50M$551MSeries C2021Series C · 2022-04-26 Raised $15M (real) Modeled valuation $142M (est)$15M$142MSeries C2022Series C · 2023-11-06 Raised $29M (real) Modeled valuation $214M (est)$29M$214MSeries C2023+$5.7M+$50M+$15M+$29MCumulative $108M

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
Series A$7.6M · 2017
Series A extension$5.7M · 2017
Series C$50.0M · 2021no Series B on file
Series C extension$15.5M · 2022
Series C extension$29.2M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$213.5M
Base estimate est.
$107.4M
Conservative case
$354.8M
Upside case
$194.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Series A · modeled $80.7M · 2017-05-152017Series A · modeled $60.2M · 2017-12-29Series C · modeled $551.0M · 2021-01-22Series C · modeled $141.7M · 2022-04-26Series C · modeled $213.5M · 2023-11-062023
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
74%
Survival probability
55% low · 86% high
1.16×/yr
Annual markup
1.33×/yr upside case
2.6 yr
Elapsed time used
2.6 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$16.7M/yr
Capital velocity
9.1 yr
On record since
2017
First round
5
Rounds on file
How it compares to the market

Benchmarked against 2048 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) 32× above median
This company$108.0M
Sector median$3.4M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.6× of median
This company$29.2M
Sector median$47.0M
Modeled value — vs sector median (estimate, all stages) 13× above median
This company$213.5M
Sector median$17.0M

Raised more than 95% of sector peers (real $). Modeled value above 90% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #18 of 26.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Easy Energy Finance, Inc. · Series C Raised $100.0M · modeled $879.6M (est)Novasource Power Holdings, Inc. · Series C Raised $100.0M · modeled $877.4M (est)UM Capital LLC · Series C Raised $100.0M · modeled $653.6M (est)KORE Power, Inc. · Series C Raised $75.1M · modeled $630.1M (est)Gac Ii, Llc · Series C Raised $100.0M · modeled $626.0M (est)Dandelion Energy, Inc. · Series C Raised $133.8M · modeled $616.6M (est)e2Companies LLC · Series C Raised $61.2M · modeled $557.0M (est)Faro Energy Holdings LLC · Series C Raised $55.6M · modeled $482.6M (est)TerraVolta Resources, LLC · Series C Raised $53.2M · modeled $422.8M (est)Poulterra Inc. · Series C Raised $50.0M · modeled $412.1M (est)SMG Industries Inc. · Series C Raised $59.0M · modeled $402.4M (est)FastCAP Systems Corp · Series C Raised $109.1M · modeled $347.7M (est)Freewire Technologies, Inc. (this company) Raised $108.0M · modeled $213.5M (est)Freewire Technologies, Inc.
CompanyStageRaised · realValue · estvs peer med.
Easy Energy Finance, Inc.Series C$100.0M$879.6M2.61×
Novasource Power Holdings, Inc.Series C$100.0M$877.4M2.60×
UM Capital LLCSeries C$100.0M$653.6M1.94×
KORE Power, Inc.Series C$75.1M$630.1M1.87×
Gac Ii, LlcSeries C$100.0M$626.0M1.86×
Dandelion Energy, Inc.Series C$133.8M$616.6M1.83×
e2Companies LLCSeries C$61.2M$557.0M1.65×
Faro Energy Holdings LLCSeries C$55.6M$482.6M1.43×
TerraVolta Resources, LLCSeries C$53.2M$422.8M1.25×
Poulterra Inc.Series C$50.0M$412.1M1.22×
SMG Industries Inc.Series C$59.0M$402.4M1.19×
FastCAP Systems CorpSeries C$109.1M$347.7M1.03×
Freewire Technologies, Inc. this companySeries C$108.0M$213.5M0.63×
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.
Series A$7.6M2017-05-15$34.7M$80.7M90%
Series A$5.7M2017-12-29$25.9M$60.2M90%
Series C$50.0M2021-01-22$333.3M$551.0M90%
Series C$15.5M2022-04-26$103.2M$141.7M90%
Series C$29.2M2023-11-06$194.9M$213.5M90%
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. Series A$7.6M2017-05-15
    • First recorded raise — entered as Series A.
    • 14 investors on this round.
  2. Series A$5.7M2017-12-29
    • Raised 7 mo later, in step with the ~12 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  3. Series C$50.0M2021-01-22
    • Raised again after 37 mo — slower than the ~12 mo sector norm.
    • Round 8.8× larger than the prior — scaling up.
    • 9 investors on this round.
  4. Series C$15.5M2022-04-26
    • Raised 15 mo later, in step with the ~12 mo sector norm.
    • Round 3.2× smaller than the prior — bridge or down round.
    • 85 investors on this round.
  5. Series C$29.2M2023-11-06
    • Raised again after 18 mo — slower than the ~12 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 66 investors on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~19mo cadence
$55.2M
Modeled next size est.range $35.9M$88.4M
1.9×
Last step-up
$16.7M/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
Shaun Healey4 other2023-11
Michael Mahan3 other2017-05
Scott Lang2 other2022-04
Chad Bown1 other2017-12
Richard Steele1 other2017-05
Alexander Fishkin2023-11
Arcady Sosinov2017-05
Benjamin Stanzl2021-01
Craig Coburn2022-04
Daniela Proske2021-01
Gary Moskovitz2017-05
Heath Morrison2022-04
Joaquin Silva2022-04
Martin Lynch2023-11
Michael Beer2023-11
Robert Tichio2021-01
Todd Becker2023-11
Registry & provenance

Freewire 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
1707167
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.

CompanySectorStageRaised · realValue · estWhy similar
FastCAP Systems CorpOther EnergySeries C$109.1M$347.7Msame sector · same stage
Bioleum CorpOther EnergySeries C$106.7M$116.6Msame sector · same stage
Malta Inc.Other EnergySeries C$106.5M$127.6Msame sector · same stage
Aurora Algae, Inc.Other EnergySeries C$103.4M$263.4Msame sector · same stage
Sungevity IncOther EnergySeries C$113.0M$232.5Msame sector · same stage
Pretium Resources Inc.Other EnergySeries C$94.2M$257.6Msame sector · same stage
Gold Holdings, LlcOther EnergySeries C$126.3M$119.7Msame sector · same stage
Antares Nuclear, Inc.Other EnergySeries C$86.7M$284.0Msame 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
Smart Wires Inc.Other EnergySeries C$516.2M86%
Fuel Tech, Inc.Other EnergySeries B$265.4M84%
Libertystream Infrastructure Partners Inc.Other EnergySeries A$24.1M83%
RigNet, Inc.Other EnergySeed$51.9M83%
Higher Wire, Inc.Other EnergyPre-Seed$2.4M83%
Gridless Power CorpOther EnergyPre-Seed$11.3M82%
Syncwatt, IncOther EnergySeries D+$1.8B82%
Greenway Technologies IncOther EnergySeed$1.5M82%
Frequently asked
How much funding has Freewire Technologies, Inc. raised?
Freewire Technologies, Inc. has raised approximately $108.0M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Freewire Technologies, Inc.'s estimated valuation?
Provath's modeled valuation for Freewire Technologies, Inc. is approximately $213.5M (modeled range $107.4M–$354.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Freewire Technologies, Inc. at?
Freewire Technologies, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Mon Nov 06.
What does Freewire Technologies, Inc. do and where is it based?
Freewire Technologies, Inc. operates in the Other Energy sector, based in Newark.
Explore related

See where Freewire Technologies, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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