Diligence memo · auto-generated · as of July 2, 2026
ION Clean Energy, Inc.
ION Clean Energy, Inc. has raised $74M over 3 rounds; too few niche peers to rank its valuation yet.
Businessfiled
ION Clean Energy, Inc. operates in Environmental Services, based in BOULDER.
Sub-sector tags: climate/cleantech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
ION Clean Energy, Inc. has raised $74M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $70M on 2024-03-29.
Most recent recorded round closed around 2024-03-29.
Valuation (modeled)modeled
Provath models ION Clean Energy, Inc. at approximately $624M (range $249M–$983M). 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 29 months.
Last raise 2.3 yr ago; this sector typically re-raises about every 11 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round stepped up 18.7× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 96% of Environmental Services peers (242 compared).
Modeled value ranks above 94% of those peers.
Closest niche peers: Streamline Innovations Holdings, Inc..
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.