Companies · Coal Mining

NEW AGE DEVELOPMENT Ltd

HANYIN · Coal Mining

Diligence memoA one-page analyst read on NEW AGE DEVELOPMENT Ltd — recommendation, valuation, rhythm, risks.
$85.0M
Total raised · real
1
Rounds
Latest step-up
Top 17%
Sector rank · raised
Series C
Latest stage · inferred · Wed Sep 23 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

NEW AGE DEVELOPMENT Ltd has raised $85M over 1 round; 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 extractive sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 5.8 yr ago; this sector typically re-raises about every 11 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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 Coal Mining

NEW AGE DEVELOPMENT Ltd is one of 76 Coal Mining companies tracked from HANYIN. By capital raised it ranks in the upper tier (ahead of 84% of sector peers), and in the upper tier 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
$0–$1M
Issuer revenue
Rule 506(c)
Reg D exemption
2020
Year incorporated
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$500MSeries C · 2020-09-23 Raised $85M (real) Modeled valuation $365M (est)$85M$365MSeries C2020

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
Series C$85.0M · 2020

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 20%.

Modeled valuation trajectory
$365.0M
Base estimate est.
$312.2M
Conservative case
$931.6M
Upside case
$566.7M
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 extractive sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
74%
Survival probability
55% low · 86% high
0.98×/yr
Annual markup
1.12×/yr upside case
5.8 yr
Elapsed time used
5.8 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
5.8 yr
On record since
2020
First round
1
Rounds on file
How it compares to the market

Benchmarked against 76 companies in Coal Mining. 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) 11× above median
This company$85.0M
Sector median$7.5M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.5× above median
This company$85.0M
Sector median$56.4M
Modeled value — vs sector median (estimate, all stages) 22× above median
This company$365.0M
Sector median$16.5M

Raised more than 84% of sector peers (real $). Modeled value above 88% 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.
GOLD TREASURE GROUP LtdSeries C$100.0M$428.8M1.08×
NEW AGE DEVELOPMENT Ltd this companySeries C$85.0M$365.0M0.92×
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.
Series C$85.0M2020-09-23$566.7M$365.0M90%
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. Series C$85.0M2020-09-23
    • First recorded raise — entered as Series C.
Intelligence
Modeled next raise
$136.0M
Modeled next size est.range $88.4M$217.6M
Last step-up
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
FAN JIE ZENG2020-09
Registry & provenance

NEW AGE DEVELOPMENT Ltd 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
1825587
SEC CIK
2020
Incorporated
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
Bowie Resource Partners, LLCCoal MiningSeries C$88.9M$379.8Msame sector · same stage
GOLD TREASURE GROUP LtdCoal MiningSeries C$100.0M$428.8Msame sector · same stage
RAM River Coal Corp.Coal MiningSeries C$101.2M$216.2Msame sector · same stage
Corsa Coal Corp.Coal MiningSeries C$131.2M$22.4Msame sector · same stage
Xinergy Ltd.Coal MiningSeries D+$122.5M$526.4Msame sector
Catalyst Resources LLCCoal MiningSeries B$54.9M$989Ksame sector
Wilson Creek Energy, LLCCoal MiningSeries B$48.8M$156.7Msame sector
Colombia Energy Resources, Inc.Coal MiningSeries B$38.6M$1.1Msame 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
GOLD TREASURE GROUP LtdCoal MiningSeries C$428.8M80%
East Carbon Land Co LLCCoal MiningPre-Seed$5.8M80%
203 Coal LLCCoal MiningSeries A$29.3M79%
K-Island Resources, LLCCoal MiningSeries A$19.0M79%
Clinch Resources Ltd.Coal MiningGrowth/Late$4.2B79%
Quinwood Coal Company, LLCCoal MiningSeries A$24.2M79%
East Carbon Land Co #2, LLCCoal MiningSeed$6.9M78%
Critical Minerals International Inc., a Delaware corpCoal MiningPre-Seed$1.0M78%
Frequently asked
How much funding has NEW AGE DEVELOPMENT Ltd raised?
NEW AGE DEVELOPMENT Ltd has raised approximately $85.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is NEW AGE DEVELOPMENT Ltd's estimated valuation?
Provath's modeled valuation for NEW AGE DEVELOPMENT Ltd is approximately $365.0M (modeled range $312.2M–$931.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is NEW AGE DEVELOPMENT Ltd at?
NEW AGE DEVELOPMENT Ltd's latest modeled financing stage is Series C. Its most recent recorded round closed around Wed Sep 23.
What does NEW AGE DEVELOPMENT Ltd do and where is it based?
NEW AGE DEVELOPMENT Ltd operates in the Coal Mining sector, based in HANYIN.
Explore related

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