Diligence memo · auto-generated · as of July 2, 2026
Magnegas Corp
Magnegas Corp looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Magnegas Corp operates in Other Energy, based in CLEARWATER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Magnegas Corp has raised $22M in disclosed capital across 7 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $7.5M on 2018-07-01.
Most recent recorded round closed around 2018-07-01.
Valuation (modeled)modeled
Provath models Magnegas Corp at approximately $79M (range $9.7M–$431M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.25× the median modeled value of Series A Other Energy companies in 2016–2018 (47 peers) — value vs value, same stage and era. Within the normal band (125% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 13 months.
Last raise 8.0 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 7.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 81% of Other Energy peers (2049 compared).
Modeled value ranks above 80% of those peers.
Closest niche peers: Depcom Power, Inc., Ubiquitous Energy, Inc., CleanCapital Portfolio 1, LLC, FINsix Corp, King River Royalties, LLC.
Peoplefiled
20 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.