Companies · Other Energy

Ingrain Inc

HOUSTON · Other Energy

Diligence memoA one-page analyst read on Ingrain Inc — recommendation, valuation, rhythm, risks.
$42.5M
Total raised · real
9
Rounds
0.7×
Latest step-up
Top 12%
Sector rank · raised
Series A
Latest stage · inferred · Thu Dec 22 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Ingrain Inc 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 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 0.17× the median modeled value of Series A Other Energy companies in 2016–2018 (47 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.5 yr ago; this sector typically re-raises about every 12 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 Other Energy

Ingrain Inc is one of 2048 Other Energy companies tracked from HOUSTON. By capital raised it ranks in the upper tier (ahead of 89% 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
23
Investors (latest)
2016-12-22
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$50M$100M$150M$200MSeries A · 2009-09-18 Raised $15M (real) Modeled valuation $155M (est)Series A2009Series A · 2010-05-21 Raised $3.5M (real) Modeled valuation $37M (est)Series A2010Series A · 2010-10-07 Raised $5.0M (real) Modeled valuation $53M (est)Series A2010Series A · 2011-05-26 Raised $5.1M (real) Modeled valuation $54M (est)Series A2011Series A · 2012-03-12 Raised $6.2M (real) Modeled valuation $65M (est)Series A2012Series A · 2015-11-05 Raised $2.5M (real) Modeled valuation $27M (est)Series A2015Series A · 2016-04-26 Raised $3.0M (real) Modeled valuation $32M (est)Series A2016Series A · 2016-08-29 Raised $1.5M (real) Modeled valuation $16M (est)Series A2016Series A · 2016-12-22 Raised $1.0M (real) Modeled valuation $11M (est)Series A2016+$3.5M+$5.0M+$5.1M+$6.2M+$2.5M+$3.0M+$1.5M+$1.0MCumulative $43M

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$14.7M · 2009
Series A extension$3.5M · 2010
Series A extension$5.0M · 2010
Series A extension$5.1M · 2011
Series A extension$6.2M · 2012
Series A extension$2.5M · 2015
Series A extension$3.0M · 2016
Series A extension$1.5M · 2016
Series A extension$1.0M · 2016

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
$10.6M
Base estimate est.
$1.3M
Conservative case
$57.5M
Upside case
$4.5M
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 energy sector profile. Directional, not a quoted figure.

Series A · modeled $155.4M · 2009-09-182009Series A · modeled $37.0M · 2010-05-21Series A · modeled $52.8M · 2010-10-07Series A · modeled $53.7M · 2011-05-26Series A · modeled $65.4M · 2012-03-12Series A · modeled $26.7M · 2015-11-05Series A · modeled $32.2M · 2016-04-26Series A · modeled $15.9M · 2016-08-29Series A · modeled $10.6M · 2016-12-222016
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.28×/yr
Annual markup
1.61×/yr upside case
6.0 yr
Elapsed time used
9.5 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$5.9M/yr
Capital velocity
16.8 yr
On record since
2009
First round
9
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) 12× above median
This company$42.5M
Sector median$3.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.2× of median
This company$1.0M
Sector median$5.5M
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$10.6M
Sector median$17.0M

Raised more than 89% of sector peers (real $). Modeled value above 39% 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 #39 of 47.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Depcom Power, Inc. · Series A Raised $20.4M · modeled $158.5M (est)Ubiquitous Energy, Inc. · Series A Raised $22.0M · modeled $158.5M (est)CleanCapital Portfolio 1, LLC · Series A Raised $14.0M · modeled $147.9M (est)FINsix Corp · Series A Raised $31.2M · modeled $143.6M (est)King River Royalties, LLC · Series A Raised $13.3M · modeled $140.6M (est)Delta Sand Investors, LLC · Series A Raised $13.3M · modeled $140.1M (est)Potash Ridge Corp · Series A Raised $12.2M · modeled $124.3M (est)IA Energy Corp. · Series A Raised $21.0M · modeled $116.3M (est)Real Goods Solar, Inc. · Series A Raised $48.9M · modeled $113.6M (est)Canadian River Royalties, LLC · Series A Raised $10.4M · modeled $110.4M (est)Zero Point Energy, LLC · Series A Raised $10.0M · modeled $105.7M (est)Convergent Energy & Power LP · Series A Raised $9.0M · modeled $95.1M (est)Ingrain Inc (this company) Raised $42.5M · modeled $10.6M (est)Ingrain Inc
CompanyStageRaised · realValue · estvs peer med.
Depcom Power, Inc.Series A$20.4M$158.5M2.50×
Ubiquitous Energy, Inc.Series A$22.0M$158.5M2.50×
CleanCapital Portfolio 1, LLCSeries A$14.0M$147.9M2.33×
FINsix CorpSeries A$31.2M$143.6M2.26×
King River Royalties, LLCSeries A$13.3M$140.6M2.22×
Delta Sand Investors, LLCSeries A$13.3M$140.1M2.21×
Potash Ridge CorpSeries A$12.2M$124.3M1.96×
IA Energy Corp.Series A$21.0M$116.3M1.83×
Real Goods Solar, Inc.Series A$48.9M$113.6M1.79×
Canadian River Royalties, LLCSeries A$10.4M$110.4M1.74×
Zero Point Energy, LLCSeries A$10.0M$105.7M1.67×
Convergent Energy & Power LPSeries A$9.0M$95.1M1.50×
Ingrain Inc this companySeries A$42.5M$10.6M0.17×
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$14.7M2009-09-18$66.8M$155.4M85%
Series A$3.5M2010-05-21$15.9M$37.0M85%
Series A$5.0M2010-10-07$22.7M$52.8M85%
Series A$5.1M2011-05-26$23.1M$53.7M85%
Series A$6.2M2012-03-12$28.1M$65.4M85%
Series A$2.5M2015-11-05$11.5M$26.7M85%
Series A$3.0M2016-04-26$13.8M$32.2M85%
Series A$1.5M2016-08-29$6.8M$15.9M85%
Series A$1.0M2016-12-22$4.5M$10.6M90%
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$14.7M2009-09-18
    • First recorded raise — entered as Series A.
    • 7 investors on this round.
  2. Series A$3.5M2010-05-21
    • Raised 8 mo later, in step with the ~12 mo sector norm.
    • Round 4.2× smaller than the prior — bridge or down round.
    • 14 investors on this round.
  3. Series A$5.0M2010-10-07
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 14 investors on this round.
  4. Series A$5.1M2011-05-26
    • Raised 8 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 14 investors on this round.
  5. Series A$6.2M2012-03-12
    • Raised 10 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 13 investors on this round.
  6. Series A$2.5M2015-11-05
    • Raised again after 44 mo — slower than the ~12 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 10 investors on this round.
  7. Series A$3.0M2016-04-26
    • Came back fast: 6 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 19 investors on this round.
  8. Series A$1.5M2016-08-29
    • Came back fast: 4 mo vs the ~12 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 23 investors on this round.
  9. Series A$1.0M2016-12-22
    • Came back fast: 4 mo vs the ~12 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 23 investors on this round.
Intelligence
2017 ~Q4
Modeled next raise · ~11mo cadence
$1.0M
Modeled next size est.range $1.0M$1.6M
0.7×
Last step-up
$5.9M/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
Gary Jones3 other2009-09
Jim Sledzik3 other2009-09
Helge Tveit1 other2012-03
Amos Nur2009-09
Barry Stewart2009-09
David Malone2010-10
George McCormick2011-05
George M. McCormick2016-04
Helge M. Tveit2016-04
Henrique Tono2009-09
Jan Nylund2015-11
Joe Foster2009-09
Marcus Ganz2010-10
Marcus M. Ganz2016-04
Paul Ching2009-09
Registry & provenance

Ingrain 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
1440785
SEC CIK
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Semantically similar

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CompanySectorStageValue · estMatch
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Frequently asked
How much funding has Ingrain Inc raised?
Ingrain Inc has raised approximately $42.5M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Ingrain Inc's estimated valuation?
Provath's modeled valuation for Ingrain Inc is approximately $10.6M (modeled range $1.3M–$57.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ingrain Inc at?
Ingrain Inc's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Dec 22.
What does Ingrain Inc do and where is it based?
Ingrain Inc operates in the Other Energy sector, based in HOUSTON.
Explore related

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