Diligence memo · auto-generated · as of July 2, 2026
Generate Capital, Inc.
Generate Capital, Inc. has raised $4.3B over 5 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Generate Capital, Inc. operates in Other Energy, based in SAN FRANCISCO. Generate Capital
Sub-sector tags: climate/cleantech, energy.
Capital & rounds (filed)filed
Generate Capital, Inc. has raised $4.3B in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $2.0B on 2021-04-23.
Most recent recorded round closed around 2022-12-23.
Valuation (modeled)modeled
Provath models Generate Capital, Inc. at approximately $11.3B (range $7.9B–$16.5B). 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
Historic cadence: a new round about every 5 months.
Last raise 3.5 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.
The last round was 1.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 100% of Other Energy peers (2049 compared).
Modeled value ranks above 100% of those peers.
Closest niche peers: First Mode Holdings, Inc..
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.