Companies · Energy / Climate

LevelTen Energy, Inc.

SEATTLE · Energy / Climate · refined from filed group “Other Technology

Diligence memoA one-page analyst read on LevelTen Energy, Inc. — recommendation, valuation, rhythm, risks.
$137.3M
Total raised · real
9
Rounds
6.1×
Latest step-up
Top 3%
Sector rank · raised
Series C
Latest stage · inferred · Wed Jul 03 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

LevelTen Energy, Inc. has raised $137M over 9 rounds; too few niche peers to rank its valuation yet.

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.

At-risk
  • Last raise 24 mo ago; this sector typically re-raises about every 11 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 Energy / Climate

LevelTen Energy, Inc. is one of 235 Energy / Climate companies tracked from SEATTLE. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest 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
12
Investors (latest)
2024-07-03
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$125M$250M$375M$500MPre-Seed · 2017-01-06 Raised $815K (real) Modeled valuation $16M (est)Pre-Seed2017Pre-Seed · 2017-08-08 Raised $125K (real) Modeled valuation $2.4M (est)Pre-Seed2017Series A · 2017-09-27 Raised $6.8M (real) Modeled valuation $85M (est)Series A2017Series B · 2019-05-20 Raised $21M (real) Modeled valuation $281M (est)Series B2019Series B · 2021-08-11 Raised $30M (real) Modeled valuation $322M (est)Series B2021Series B · 2021-10-01 Raised $2.7M (real) Modeled valuation $28M (est)Series B2021Seed · 2021-10-01 Raised $2.7M (real) Modeled valuation $27M (est)Seed2021Series B · 2022-12-21 Raised $5.0M (real) Modeled valuation $39M (est)Series B2022Series B · 2023-11-22 Raised $10M (real) Modeled valuation $63M (est)Series B2023Series C · 2024-07-03 Raised $61M (real) Modeled valuation $422M (est)Series C2024+$125K+$6.8M+$21M+$30M+$2.7M+$2.7M+$5.0M+$10M+$61MCumulative $140M

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$815K · 2017
Pre-Seed extension$125K · 2017
Series A$6.8M · 2017no Seed on file
Series B$20.5M · 2019
Series B extension$30.2M · 2021
Series B extension$2.7M · 2021
Bridge · Series B-stage$2.7M · 2021smaller follow-on
Series B extension$5.0M · 2022
Series B extension$10.0M · 2023
Series C$61.1M · 2024

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

Modeled valuation trajectory
$422.3M
Base estimate est.
$219.9M
Conservative case
$641.4M
Upside case
$407.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $15.5M · 2017-01-062017Pre-Seed · modeled $2.4M · 2017-08-08Series A · modeled $84.7M · 2017-09-27Series B · modeled $280.8M · 2019-05-20Series B · modeled $321.7M · 2021-08-11Series B · modeled $27.8M · 2021-10-01Seed · modeled $26.7M · 2021-10-01Series B · modeled $39.1M · 2022-12-21Series B · modeled $63.5M · 2023-11-22Series C · modeled $422.3M · 2024-07-032024
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
73%
Survival probability
54% low · 84% high
1.20×/yr
Annual markup
1.37×/yr upside case
2.0 yr
Elapsed time used
2.0 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$18.3M/yr
Capital velocity
9.5 yr
On record since
2017
First round
10
Rounds on file
How it compares to the market

Benchmarked against 235 companies in Energy / Climate. 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) 27× above median
This company$137.3M
Sector median$5.0M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.0× above median
This company$61.1M
Sector median$58.9M
Modeled value — vs sector median (estimate, all stages) 22× above median
This company$422.3M
Sector median$19.0M

Raised more than 98% of sector peers (real $). Modeled value above 97% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
LevelTen Energy, Inc. this companySeries C$137.3M$422.3M1.10×
AM Batteries, Inc.Series C$73.8M$343.7M0.90×
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$815K2017-01-06$4.5M$15.5M90%
Pre-Seed$125K2017-08-08$694K$2.4M90%
Series A$6.8M2017-09-27$30.9M$84.7M90%
Series B$20.5M2019-05-20$114.0M$280.8M90%
Series B$30.2M2021-08-11$167.9M$321.7M90%
Series B$2.7M2021-10-01$15.0M$27.8M90%
Seed$2.7M2021-10-01$13.5M$26.7M90%
Series B$5.0M2022-12-21$27.8M$39.1M90%
Series B$10.0M2023-11-22$55.6M$63.5M90%
Series C$61.1M2024-07-03$407.6M$422.3M90%
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$815K2017-01-06
    • First recorded raise — entered as Pre-Seed.
    • 8 investors on this round.
  2. Pre-Seed$125K2017-08-08
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 6.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Series A$6.8M2017-09-27
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 54.3× larger than the prior — scaling up.
    • 16 investors on this round.
  4. Series B$20.5M2019-05-20
    • Raised again after 20 mo — slower than the ~11 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • 13 investors on this round.
  5. Series B$30.2M2021-08-11
    • Raised again after 27 mo — slower than the ~11 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 11 investors on this round.
  6. Series B$2.7M2021-10-01
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 11.2× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  7. Seed$2.7M2021-10-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  8. Series B$5.0M2022-12-21
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 1 investor on this round.
  9. Series B$10.0M2023-11-22
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 2 investors on this round.
  10. Series C$61.1M2024-07-03
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 6.1× larger than the prior — scaling up.
    • 12 investors on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~10mo cadence
$183.4M
Modeled next size est.range $119.2M$293.5M
6.1×
Last step-up
$18.3M/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 Cohen37 other2017-09
Tim Woodward9 other2021-08
Bryce Smith2 other2017-09
Robert Collier2 other2017-09
Eric Snyder1 other2017-09
Greg Lyons1 other2021-08
Satbir Khanuja1 other2019-05
Timothy Woodward1 other2019-05
Karly Wentz2024-07
Ross Trenary2021-10
Smith Bryce2017-01
William Thomas2017-01
Registry & provenance

LevelTen Energy, 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
1695480
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
Universal Hydrogen Co.Energy / ClimateSeries C$85.0M$691.3Msame sector · same stage
KLR Energy Acquisition Corp.Energy / ClimateSeries C$75.0M$1.1Bsame sector · same stage
AM Batteries, Inc.Energy / ClimateSeries C$73.8M$343.7Msame sector · same stage
Antora Energy, Inc.Energy / ClimateSeries C$71.7M$409.9Msame sector · same stage
Motiv Power Systems, Inc.Energy / ClimateSeries C$67.3M$801.2Msame sector · same stage
Meritum Energy Holdings, LPEnergy / ClimateSeries C$54.3M$316.1Msame sector · same stage
Zeno Power Systems, Inc.Energy / ClimateSeries C$53.8M$336.6Msame sector · same stage
Crusoe Energy Systems Inc.Energy / ClimateSeries D+$128.0M$1.6Bsame sector
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
Capacitech Energy Inc.Energy / ClimatePre-Seed$8.5M89%
Optimum Energy LLCEnergy / ClimateSeries A$37.4M87%
Ion Energy, Inc.Energy / ClimateSeed$16.0M87%
Natron Energy, Inc.Energy / ClimateSeries D+$1.7B87%
Hephae Energy Technology CorpEnergy / ClimateSeries A$24.3M87%
Dimensional Energy, Inc.Energy / ClimateSeries B$131.8M87%
Equilibrium Energy, Inc.Energy / ClimateSeries B$122.8M86%
LAND Energy, Inc.Energy / ClimateSeries A$31.2M86%
Frequently asked
How much funding has LevelTen Energy, Inc. raised?
LevelTen Energy, Inc. has raised approximately $137.3M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is LevelTen Energy, Inc.'s estimated valuation?
Provath's modeled valuation for LevelTen Energy, Inc. is approximately $422.3M (modeled range $219.9M–$641.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is LevelTen Energy, Inc. at?
LevelTen Energy, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Wed Jul 03.
What does LevelTen Energy, Inc. do and where is it based?
LevelTen Energy, Inc. operates in the Energy / Climate sector, based in SEATTLE.
Explore related

See where LevelTen Energy, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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