Diligence memo · auto-generated · as of July 2, 2026
Hawaiian Electric Industries Inc
Hawaiian Electric Industries Inc has raised $175M over 2 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Hawaiian Electric Industries Inc operates in Electric Utilities, based in HONOLULU.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Hawaiian Electric Industries Inc has raised $175M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $125M on 2011-03-24.
Most recent recorded round closed around 2013-03-06.
Valuation (modeled)modeled
Provath models Hawaiian Electric Industries Inc at approximately $482M (range $298M–$1.0B). 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 23 months.
Last raise 13.3 yr ago; this sector typically re-raises about every 10 months.
Silent for over 3× the sector's normal cadence.
The last round was 2.5× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 87% of Electric Utilities peers (133 compared).
Modeled value ranks above 83% of those peers.
Closest niche peers: Upper Peninsula Power Holding Co.
Peoplefiled
15 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.