Diligence memo · auto-generated · as of July 2, 2026
NEW AGE DEVELOPMENT Ltd
NEW AGE DEVELOPMENT Ltd has raised $85M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
NEW AGE DEVELOPMENT Ltd operates in Coal Mining, based in HANYIN.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
NEW AGE DEVELOPMENT Ltd has raised $85M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $85M on 2020-09-23.
Most recent recorded round closed around 2020-09-23.
Valuation (modeled)modeled
Provath models NEW AGE DEVELOPMENT Ltd at approximately $365M (range $312M–$932M). 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
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.
Comparablesmixed
Capital scale ranks ahead of 84% of Coal Mining peers (76 compared).
Modeled value ranks above 88% of those peers.
Closest niche peers: GOLD TREASURE GROUP Ltd.
Peoplefiled
1 named person 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.