Companies · Climate / Cleantech

International Battery Metals Ltd.

VANCOUVER · Climate / Cleantech · refined from filed group “Other

Diligence memoA one-page analyst read on International Battery Metals Ltd. — recommendation, valuation, rhythm, risks.
$3.1M
Total raised · real
5
Rounds
0.4×
Latest step-up
Top 39%
Sector rank · raised
Seed
Latest stage · inferred · Tue Dec 12 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

International Battery Metals Ltd. looks under-valued against its niche peers and is at-risk 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 0.07× the median modeled value of Seed Climate / Cleantech companies in 2022–2024 (11 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.6 yr ago; this sector typically re-raises about every 9 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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 Climate / Cleantech

International Battery Metals Ltd. is one of 207 Climate / Cleantech companies tracked from VANCOUVER. By capital raised it ranks mid-pack (ahead of 62% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

climate/cleantech

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2023-12-12
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$13M$25M$38M$50MPre-Seed · 2019-08-27 Raised $175K (real) Modeled valuation $5.9M (est)$175K$5.9MPre-Seed2019Pre-Seed · 2019-09-23 Raised $350K (real) Modeled valuation $12M (est)$350K$12MPre-Seed2019Seed · 2020-12-14 Raised $2.0M (real) Modeled valuation $43M (est)$2.0M$43MSeed2020Seed · 2023-12-08 Raised $420K (real) Modeled valuation $2.4M (est)$420K$2.4MSeed2023Seed · 2023-12-12 Raised $159K (real) Modeled valuation $919K (est)$159K$919KSeed2023+$350K+$2.0M+$420K+$159KCumulative $3.1M

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
Pre-Seed$175K · 2019
Pre-Seed extension$350K · 2019
Seed$2.0M · 2020
Seed extension$420K · 2023
Seed extension$159K · 2023

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$919K
Base estimate est.
$132K
Conservative case
$2.8M
Upside case
$794K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the climate/enviro sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $5.9M · 2019-08-272019Pre-Seed · modeled $11.8M · 2019-09-23Seed · modeled $43.4M · 2020-12-14Seed · modeled $2.4M · 2023-12-08Seed · modeled $919K · 2023-12-122023
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
37%
Survival probability
17% low · 57% high
1.57×/yr
Annual markup
2.05×/yr upside case
2.5 yr
Elapsed time used
2.5 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$714K/yr
Capital velocity
6.9 yr
On record since
2019
First round
5
Rounds on file
How it compares to the market

Benchmarked against 207 companies in Climate / Cleantech. 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) 0.4× of median
This company$3.1M
Sector median$8.1M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$159K
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$919K
Sector median$59.8M

Raised more than 62% of sector peers (real $). Modeled value above 43% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #11 of 11.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Hohm Energy · Seed Raised $8.0M · modeled $42.2M (est)Climate Solution Investments LLC · Seed Raised $2.5M · modeled $26.9M (est)KarmSolar · Seed Raised $3.0M · modeled $26.2M (est)Reunion Infrastructure, Inc. · Seed Raised $2.9M · modeled $25.9M (est)EVident Battery, Inc. · Seed Raised $3.0M · modeled $13.4M (est)Sesame Sustainability Inc. · Seed Raised $2.4M · modeled $13.4M (est)Bardo Climate Inc. · Seed Raised $2.4M · modeled $11.1M (est)Susquehanna Solar, LLC · Seed Raised $2.5M · modeled $9.2M (est)Climate Scale Inc. · Seed Raised $2.0M · modeled $7.4M (est)Solitude Solar, LLC · Seed Raised $1.0M · modeled $7.3M (est)International Battery Metals Ltd. (this company) Raised $3.1M · modeled $919K (est)International Battery Metals Ltd.
CompanyStageRaised · realValue · estvs peer med.
Hohm EnergySeed$8.0M$42.2M3.15×
Climate Solution Investments LLCSeed$2.5M$26.9M2.01×
KarmSolarSeed$3.0M$26.2M1.96×
Reunion Infrastructure, Inc.Seed$2.9M$25.9M1.94×
EVident Battery, Inc.Seed$3.0M$13.4M1.00×
Sesame Sustainability Inc.Seed$2.4M$13.4M1.00×
Bardo Climate Inc.Seed$2.4M$11.1M0.83×
Susquehanna Solar, LLCSeed$2.5M$9.2M0.69×
Climate Scale Inc.Seed$2.0M$7.4M0.55×
Solitude Solar, LLCSeed$1.0M$7.3M0.55×
International Battery Metals Ltd. this companySeed$3.1M$919K0.07×
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.
Pre-Seed$175K2019-08-27$972K$5.9M90%
Pre-Seed$350K2019-09-23$1.9M$11.8M90%
Seed$2.0M2020-12-14$9.8M$43.4M90%
Seed$420K2023-12-08$2.1M$2.4M90%
Seed$159K2023-12-12$794K$919K90%
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. Pre-Seed$175K2019-08-27
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Pre-Seed$350K2019-09-23
    • Came back fast: 1 mo vs the ~9 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 1 investor on this round.
  3. Seed$2.0M2020-12-14
    • Raised again after 15 mo — slower than the ~9 mo sector norm.
    • Round 5.6× larger than the prior — scaling up.
    • 1 investor on this round.
  4. Seed$420K2023-12-08
    • Raised again after 36 mo — slower than the ~9 mo sector norm.
    • Round 4.7× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  5. Seed$159K2023-12-12
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.6× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~13mo cadence
$159K
Modeled next size est.range $159K$254K
0.4×
Last step-up
$714K/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
David Scott11 other2019-08
David Ryan8 other2019-08
Logan Anderson2 other2019-08
Daniel Christie2023-12
Garry Flowers2023-12
John Burba2019-08
Roger Cree2019-08
Registry & provenance

International Battery Metals Ltd. 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
1786318
SEC CIK
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
EVident Battery, Inc.Climate / CleantechSeed$3.0M$13.4Msame sector · same stage
Restoration Climate Capital, Inc.Climate / CleantechSeed$3.0M$6.9Msame sector · same stage
KarmSolarClimate / CleantechSeed$3.0M$26.2Msame sector · same stage
JCM Solar Capital Ltd.Climate / CleantechSeed$3.0M$81.4Msame sector · same stage
Sawa EnergyClimate / CleantechSeed$2.9M$7.2Msame sector · same stage
Reunion Infrastructure, Inc.Climate / CleantechSeed$2.9M$25.9Msame sector · same stage
Rolled Ribbon Battery Co. LLCClimate / CleantechSeed$3.5M$95.0Msame sector · same stage
Climate Solution Investments LLCClimate / CleantechSeed$2.5M$26.9Msame 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
Battery Metals, Inc.Climate / CleantechSeries A$18.2M95%
Battery X Metals Inc.Climate / CleantechPre-Seed$211K94%
International Battery Company, Inc.Other EnergySeries B$108.8M91%
Surge Battery Metals Inc.Climate / CleantechPre-Seed$667K91%
Global Battery Materials Corp.Climate / CleantechPre-Seed$1.7M89%
Patriot Battery Metals Inc.Climate / CleantechPre-Seed$4.2M87%
Battery Metals Streaming Corp.Climate / CleantechPre-Seed$1.7M86%
Trion Battery Technologies Inc.Climate / CleantechSeries A$125.4M85%
Frequently asked
How much funding has International Battery Metals Ltd. raised?
International Battery Metals Ltd. has raised approximately $3.1M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is International Battery Metals Ltd.'s estimated valuation?
Provath's modeled valuation for International Battery Metals Ltd. is approximately $919K (modeled range $132K–$2.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is International Battery Metals Ltd. at?
International Battery Metals Ltd.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Dec 12.
What does International Battery Metals Ltd. do and where is it based?
International Battery Metals Ltd. operates in the Climate / Cleantech sector, based in VANCOUVER.
Explore related

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