Diligence memo · auto-generated · as of July 2, 2026
GRID ehf.
GRID ehf. has raised $623K over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
GRID ehf. operates in Energy, based in REYKJAVIK.
Sub-sector tags: energy.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
GRID ehf. has raised $623K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $623K on 2019-02-13.
Most recent recorded round closed around 2019-02-13.
Valuation (modeled)modeled
Provath models GRID ehf. at approximately $10M (range $395K–$114M). 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
Last raise 7.4 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 64% of Energy peers (69 compared).
Modeled value ranks above 72% of those peers.
Closest niche peers: Grid Metals Corp..
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.