Companies · Other Energy

LiquidPiston, Inc.

BLOOMFIELD · Other Energy

Diligence memoA one-page analyst read on LiquidPiston, Inc. — recommendation, valuation, rhythm, risks.
$13.8M
Total raised · real
11
Rounds
0.5×
Latest step-up
Top 26%
Sector rank · raised
Series A
Latest stage · inferred · Mon Mar 09 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

LiquidPiston, Inc. looks under-valued against its niche peers and is active 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 0.06× the median modeled value of Series A Other Energy companies in 2025–2027 (42 peers) — value vs value, same stage and era.
Active
  • Last raise 4 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.
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

LiquidPiston, Inc. is one of 2048 Other Energy companies tracked from BLOOMFIELD. By capital raised it ranks in the upper tier (ahead of 75% 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(c)
Reg D exemption
1
Investors (latest)
2026-03-09
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$25M$50M$75M$100MSeed · 2011-01-21 Raised $2.2M (real) Modeled valuation $28M (est)Seed2011Series A · 2011-01-21 Raised $6.5M (real) Modeled valuation $69M (est)Series A2011Series A · 2013-06-13 Raised $2.3M (real) Modeled valuation $24M (est)Series A2013Series A · 2015-02-13 Raised $1.1M (real) Modeled valuation $12M (est)Series A2015Series A · 2016-02-10 Raised $251K (real) Modeled valuation $2.7M (est)Series A2016Series A · 2016-03-21 Raised $1.2M (real) Modeled valuation $13M (est)Series A2016Series A · 2017-07-28 Raised $299K (real) Modeled valuation $3.2M (est)Series A2017Series A · 2017-09-11 Raised $299K (real) Modeled valuation $3.2M (est)Series A2017Series A · 2018-05-24 Raised $200K (real) Modeled valuation $2.1M (est)Series A2018Pre-Seed · 2019-03-11 Raised $100K (real) Modeled valuation $1.6M (est)Pre-Seed2019Series A · 2019-03-11 Raised $250K (real) Modeled valuation $2.6M (est)Series A2019Series A · 2020-02-21 Raised $127K (real) Modeled valuation $1.3M (est)Series A2020Series A · 2021-06-29 Raised $1.0M (real) Modeled valuation $8.3M (est)Series A2021Series A · 2026-03-09 Raised $500K (real) Modeled valuation $1.3M (est)Series A2026Cumulative $16M

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
Seed$2.2M · 2011
Series A$6.5M · 2011
Series A extension$2.3M · 2013
Series A extension$1.1M · 2015
Series A extension$251K · 2016
Series A extension$1.2M · 2016
Series A extension$299K · 2017
Series A extension$299K · 2017
Series A extension$200K · 2018
Bridge · Series A-stage$100K · 2019smaller follow-on
Series A extension$250K · 2019
Series A extension$127K · 2020
Series A extension$1.0M · 2021
Series A extension$500K · 2026

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

Modeled valuation trajectory
$1.3M
Base estimate est.
$648K
Conservative case
$1.9M
Upside case
$2.3M
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.

Seed · modeled $28.4M · 2011-01-212011Series A · modeled $68.7M · 2011-01-21Series A · modeled $23.8M · 2013-06-13Series A · modeled $12.1M · 2015-02-13Series A · modeled $2.7M · 2016-02-10Series A · modeled $13.0M · 2016-03-21Series A · modeled $3.2M · 2017-07-28Series A · modeled $3.2M · 2017-09-11Series A · modeled $2.1M · 2018-05-24Pre-Seed · modeled $1.6M · 2019-03-11Series A · modeled $2.6M · 2019-03-11Series A · modeled $1.3M · 2020-02-21Series A · modeled $8.3M · 2021-06-29Series A · modeled $1.3M · 2026-03-092026
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
0.3 yr
Elapsed time used
0.3 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$909K/yr
Capital velocity
15.4 yr
On record since
2011
First round
14
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) 4.0× above median
This company$13.8M
Sector median$3.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$500K
Sector median$5.5M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$1.3M
Sector median$17.0M

Raised more than 75% of sector peers (real $). Modeled value above 4% 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 #41 of 42.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Industrial Biomass Group LLC · Series A Raised $15.0M · modeled $49.0M (est)Hixwood CFS Partners, LLC · Series A Raised $12.6M · modeled $43.1M (est)Endolith Inc. · Series A Raised $19.2M · modeled $38.9M (est)Sora Fuel Corp · Series A Raised $15.2M · modeled $37.3M (est)Sapphire Technologies, Inc. · Series A Raised $37.5M · modeled $36.4M (est)Otovo ASA · Series A Raised $14.0M · modeled $36.1M (est)Helius Minerals Ltd · Series A Raised $11.3M · modeled $29.6M (est)Orenda, Inc. · Series A Raised $11.6M · modeled $27.2M (est)IsoEnergy Ltd. · Series A Raised $12.7M · modeled $26.8M (est)Fractal Power Inc. · Series A Raised $9.8M · modeled $25.9M (est)Shadow Power, Inc. · Series A Raised $7.3M · modeled $24.6M (est)Libertystream Infrastructure Partners Inc. · Series A Raised $16.4M · modeled $24.1M (est)LiquidPiston, Inc. (this company) Raised $13.8M · modeled $1.3M (est)LiquidPiston, Inc.
CompanyStageRaised · realValue · estvs peer med.
Industrial Biomass Group LLCSeries A$15.0M$49.0M2.43×
Hixwood CFS Partners, LLCSeries A$12.6M$43.1M2.14×
Endolith Inc.Series A$19.2M$38.9M1.93×
Sora Fuel CorpSeries A$15.2M$37.3M1.85×
Sapphire Technologies, Inc.Series A$37.5M$36.4M1.81×
Otovo ASASeries A$14.0M$36.1M1.79×
Helius Minerals LtdSeries A$11.3M$29.6M1.47×
Orenda, Inc.Series A$11.6M$27.2M1.35×
IsoEnergy Ltd.Series A$12.7M$26.8M1.33×
Fractal Power Inc.Series A$9.8M$25.9M1.29×
Shadow Power, Inc.Series A$7.3M$24.6M1.22×
Libertystream Infrastructure Partners Inc.Series A$16.4M$24.1M1.20×
LiquidPiston, Inc. this companySeries A$13.8M$1.3M0.06×
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.
Seed$2.2M2011-01-21$10.9M$28.4M85%
Series A$6.5M2011-01-21$29.5M$68.7M85%
Series A$2.3M2013-06-13$10.2M$23.8M85%
Series A$1.1M2015-02-13$5.2M$12.1M85%
Series A$251K2016-02-10$1.1M$2.7M90%
Series A$1.2M2016-03-21$5.6M$13.0M90%
Series A$299K2017-07-28$1.4M$3.2M90%
Series A$299K2017-09-11$1.4M$3.2M90%
Series A$200K2018-05-24$909K$2.1M90%
Pre-Seed$100K2019-03-11$556K$1.6M90%
Series A$250K2019-03-11$1.1M$2.6M90%
Series A$127K2020-02-21$577K$1.3M90%
Series A$1.0M2021-06-29$4.5M$8.3M90%
Series A$500K2026-03-09$2.3M$1.3M90%
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. Seed$2.2M2011-01-21
    • First recorded raise — entered as Seed.
    • 3 investors on this round.
  2. Series A$6.5M2011-01-21
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.0× larger than the prior — scaling up.
    • 6 investors on this round.
  3. Series A$2.3M2013-06-13
    • Raised again after 29 mo — slower than the ~12 mo sector norm.
    • Round 2.9× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  4. Series A$1.1M2015-02-13
    • Raised again after 20 mo — slower than the ~12 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  5. Series A$251K2016-02-10
    • Raised 12 mo later, in step with the ~12 mo sector norm.
    • Round 4.6× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  6. Series A$1.2M2016-03-21
    • Came back fast: 1 mo vs the ~12 mo sector norm.
    • Round 4.9× larger than the prior — scaling up.
    • 10 investors on this round.
  7. Series A$299K2017-07-28
    • Raised 16 mo later, in step with the ~12 mo sector norm.
    • Round 4.1× smaller than the prior — bridge or down round.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 43 investors on this round.
  8. Series A$299K2017-09-11
    • Came back fast: 1 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 43 investors on this round.
  9. Series A$200K2018-05-24
    • Raised 8 mo later, in step with the ~12 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  10. Pre-Seed$100K2019-03-11
    • Raised 10 mo later, in step with the ~12 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 1 investor on this round.
  11. Series A$250K2019-03-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.5× larger than the prior — scaling up.
    • 1 investor on this round.
  12. Series A$127K2020-02-21
    • Raised 11 mo later, in step with the ~12 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 5 investors on this round.
  13. Series A$1.0M2021-06-29
    • Raised 16 mo later, in step with the ~12 mo sector norm.
    • Round 7.9× larger than the prior — scaling up.
  14. Series A$500K2026-03-09
    • Raised again after 56 mo — slower than the ~12 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2027 ~Q2
Modeled next raise · ~14mo cadence
$500K
Modeled next size est.range $500K$800K
0.5×
Last step-up
$909K/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 Patterson10 other2011-01
James Norrod4 other2011-01
David Habiger2 other2013-06
Per Suneby1 other2019-03
Alexander Shkolnik2011-01
Nikolay Shkolnik2011-01
Peter Hartman2026-03
Peter Suneby2016-02
Semyon Kogan2015-02
Tony Tether2016-02
Vincenzo Perrone2026-03
William Frezza2011-01
Registry & provenance

LiquidPiston, 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
1446275
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.

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Angus Partners, LLC.Other EnergySeries A$11.2M$2.7Msame sector · same stage
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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
Fuel Tech, Inc.Other EnergySeries B$265.4M85%
Fluid Efficiency CorpOther EnergySeries A$33.1M85%
Stored Energy, Inc.Other EnergyPre-Seed$3.3M85%
ArcTrade, Inc.Other EnergyPre-Seed$8.1M85%
Tangent Energy Solutions, Inc.Other EnergySeed$32.5M85%
Actual Energy Inc.Other EnergySeed$8.1M84%
Oodles Energy, Inc.Other EnergySeed$16.4M84%
Delta-S Energy, Inc.Other EnergyPre-Seed$317K84%
Frequently asked
How much funding has LiquidPiston, Inc. raised?
LiquidPiston, Inc. has raised approximately $13.8M in disclosed capital across 11 recorded financing rounds, aggregated from public filings.
What is LiquidPiston, Inc.'s estimated valuation?
Provath's modeled valuation for LiquidPiston, Inc. is approximately $1.3M (modeled range $648K–$1.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is LiquidPiston, Inc. at?
LiquidPiston, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Mar 09.
What does LiquidPiston, Inc. do and where is it based?
LiquidPiston, Inc. operates in the Other Energy sector, based in BLOOMFIELD.
Explore related

See where LiquidPiston, 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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