Diligence memo · auto-generated · as of July 2, 2026
M2X Energy Inc.
M2X Energy Inc. has raised $45M over 3 rounds; too few niche peers to rank its valuation yet.
Businessfiled
M2X Energy Inc. operates in Energy Conservation, based in ROCKLEDGE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
M2X Energy Inc. has raised $45M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $20M on 2024-06-10.
Most recent recorded round closed around 2026-02-25.
Valuation (modeled)modeled
Provath models M2X Energy Inc. at approximately $79M (range $47M–$103M). 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 12 months.
Last raise 4 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 1.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 93% of Energy Conservation peers (254 compared).
Modeled value ranks above 76% of those peers.
Peoplefiled
17 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.