Companies · Energy Conservation

Green Heat Corp

DULUTH · Energy Conservation

Diligence memoA one-page analyst read on Green Heat Corp — recommendation, valuation, rhythm, risks.
$8.1M
Total raised · real
7
Rounds
0.9×
Latest step-up
Top 27%
Sector rank · raised
Series A
Latest stage · inferred · Sun Jul 01 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Green Heat Corp looks under-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 climate/enviro 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 0.05× the median modeled value of Series A Energy Conservation companies in 2016–2018 (8 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.0 yr ago; this sector typically re-raises about every 11 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 Energy Conservation

Green Heat Corp is one of 254 Energy Conservation companies tracked from DULUTH. By capital raised it ranks in the upper tier (ahead of 74% of sector peers), and in the long tail 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
2010
Year incorporated
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$50M$100M$150M$200MSeries A · 2010-07-01 Raised $6.0M (real) Modeled valuation $133M (est)Series A2010Series A · 2010-07-01 Raised $6.0M (real) Modeled valuation $133M (est)Series A2010Series A · 2012-07-01 Raised $900K (real) Modeled valuation $20M (est)Series A2012Series A · 2013-07-01 Raised $200K (real) Modeled valuation $4.4M (est)Series A2013Series A · 2014-07-01 Raised $400K (real) Modeled valuation $8.8M (est)Series A2014Series A · 2015-07-01 Raised $400K (real) Modeled valuation $8.8M (est)Series A2015Series A · 2015-07-01 Raised $400K (real) Modeled valuation $8.8M (est)Series A2015Series A · 2016-07-01 Raised $500K (real) Modeled valuation $11M (est)Series A2016Series A · 2017-07-01 Raised $300K (real) Modeled valuation $6.6M (est)Series A2017Series A · 2018-07-01 Raised $275K (real) Modeled valuation $6.1M (est)Series A2018+$6.0M+$900K+$200K+$400K+$400K+$400K+$500K+$300K+$275KCumulative $15M

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$6.0M · 2010
Series A extension$6.0M · 2010
Series A extension$900K · 2012
Series A extension$200K · 2013
Series A extension$400K · 2014
Series A extension$400K · 2015
Series A extension$400K · 2015
Series A extension$500K · 2016
Series A extension$300K · 2017
Series A extension$275K · 2018

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$6.1M
Base estimate est.
$345K
Conservative case
$33.0M
Upside case
$1.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the climate/enviro sector profile. Directional, not a quoted figure.

Series A · modeled $132.6M · 2010-07-012010Series A · modeled $132.6M · 2010-07-01Series A · modeled $19.9M · 2012-07-01Series A · modeled $4.4M · 2013-07-01Series A · modeled $8.8M · 2014-07-01Series A · modeled $8.8M · 2015-07-01Series A · modeled $8.8M · 2015-07-01Series A · modeled $11.0M · 2016-07-01Series A · modeled $6.6M · 2017-07-01Series A · modeled $6.1M · 2018-07-012018
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
51%
Survival probability
28% low · 69% high
1.46×/yr
Annual markup
1.84×/yr upside case
6.0 yr
Elapsed time used
8.0 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$1.0M/yr
Capital velocity
16.0 yr
On record since
2010
First round
10
Rounds on file
How it compares to the market

Benchmarked against 254 companies in Energy Conservation. 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) 3.2× above median
This company$8.1M
Sector median$2.5M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$275K
Sector median$5.1M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$6.1M
Sector median$27.1M

Raised more than 74% of sector peers (real $). Modeled value above 22% of peers (estimate).

Niche peers — same stage & era

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

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Hybridyne Power Systems · Series A Raised $12.0M · modeled $265.1M (est)Powerhouse Dynamics, Inc. · Series A Raised $19.2M · modeled $191.8M (est)Axiom Exergy Inc. · Series A Raised $7.7M · modeled $169.0M (est)Viking Cold Solutions, Inc. · Series A Raised $17.1M · modeled $126.3M (est)Energycite INC · Series A Raised $5.0M · modeled $110.5M (est)KE2 Therm Solutions, Inc. · Series A Raised $18.9M · modeled $29.4M (est)MicroPower Global Ltd · Series A Raised $9.0M · modeled $8.9M (est)Green Heat Corp (this company) Raised $8.1M · modeled $6.1M (est)Green Heat Corp
CompanyStageRaised · realValue · estvs peer med.
Hybridyne Power SystemsSeries A$12.0M$265.1M2.24×
Powerhouse Dynamics, Inc.Series A$19.2M$191.8M1.62×
Axiom Exergy Inc.Series A$7.7M$169.0M1.43×
Viking Cold Solutions, Inc.Series A$17.1M$126.3M1.07×
Energycite INCSeries A$5.0M$110.5M0.93×
KE2 Therm Solutions, Inc.Series A$18.9M$29.4M0.25×
MicroPower Global LtdSeries A$9.0M$8.9M0.08×
Green Heat Corp this companySeries A$8.1M$6.1M0.05×
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$6.0M2010-07-01$27.3M$132.6M85%
Series A$6.0M2010-07-01$27.3M$132.6M85%
Series A$900K2012-07-01$4.1M$19.9M85%
Series A$200K2013-07-01$909K$4.4M85%
Series A$400K2014-07-01$1.8M$8.8M85%
Series A$400K2015-07-01$1.8M$8.8M85%
Series A$400K2015-07-01$1.8M$8.8M85%
Series A$500K2016-07-01$2.3M$11.0M85%
Series A$300K2017-07-01$1.4M$6.6M90%
Series A$275K2018-07-01$1.3M$6.1M90%
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$6.0M2010-07-01
    • First recorded raise — entered as Series A.
  2. Series A$6.0M2010-07-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  3. Series A$900K2012-07-01
    • Raised again after 24 mo — slower than the ~11 mo sector norm.
    • Round 6.7× smaller than the prior — bridge or down round.
  4. Series A$200K2013-07-01
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 4.5× smaller than the prior — bridge or down round.
  5. Series A$400K2014-07-01
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
  6. Series A$400K2015-07-01
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
  7. Series A$400K2015-07-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  8. Series A$500K2016-07-01
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
  9. Series A$300K2017-07-01
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
  10. Series A$275K2018-07-01
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
Intelligence
2019 ~Q2
Modeled next raise · ~11mo cadence
$275K
Modeled next size est.range $275K$440K
0.9×
Last step-up
$1.0M/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
Thomas Joseph Marshello2010-07
Registry & provenance

Green Heat Corp 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
1493613
SEC CIK
2010
Incorporated
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
Lightning Bug, Inc.Energy ConservationSeries A$8.2M$96.2Msame sector · same stage
Neah Power Systems, Inc.Energy ConservationSeries A$8.0M$24.2Msame sector · same stage
EcoFactor, Inc.Energy ConservationSeries A$8.3M$130.2Msame sector · same stage
eNow, Inc.Energy ConservationSeries A$7.8M$69.1Msame sector · same stage
Axiom Exergy Inc.Energy ConservationSeries A$7.7M$169.0Msame sector · same stage
Clean Urban Energy, Inc.Energy ConservationSeries A$7.6M$159.1Msame sector · same stage
XCT Holdings LLCEnergy ConservationSeries A$7.5M$5.3Msame sector · same stage
ThinkEco Inc.Energy ConservationSeries A$7.3M$16.6Msame 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
Greenlight Planet IncEnergy ConservationSeries A$132.6M87%
Energy Wall, LLCEnergy ConservationSeed$7.3M86%
WexEnergy LLCEnergy ConservationPre-Seed$13.7M85%
Watt Fuel Cell Corp.Energy ConservationSeries C$1.4B85%
Cng B&H, LlcEnergy ConservationPre-Seed$27.7M85%
Shifted Energy, Inc.Energy ConservationPre-Seed$21.9M85%
Innovative Climatic Technologies CorpEnergy ConservationPre-Seed$4.0M85%
DEEP Earth Energy Production Corp.Energy ConservationPre-Seed$9.9M85%
Frequently asked
How much funding has Green Heat Corp raised?
Green Heat Corp has raised approximately $8.1M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Green Heat Corp's estimated valuation?
Provath's modeled valuation for Green Heat Corp is approximately $6.1M (modeled range $345K–$33.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Green Heat Corp at?
Green Heat Corp's latest modeled financing stage is Series A. Its most recent recorded round closed around Sun Jul 01.
What does Green Heat Corp do and where is it based?
Green Heat Corp operates in the Energy Conservation sector, based in DULUTH.
Explore related

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