Companies · Other Energy

Next Energy Technologies, Inc.

SANTA BARBARA · Other Energy

Diligence memoA one-page analyst read on Next Energy Technologies, Inc. — recommendation, valuation, rhythm, risks.
$21.6M
Total raised · real
6
Rounds
10.6×
Latest step-up
Top 20%
Sector rank · raised
Series A
Latest stage · inferred · Thu Feb 01 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Next Energy Technologies, Inc. looks fair against its niche peers and is at-risk 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.

Fair
  • Modeled value is 1.36× the median modeled value of Series A Other Energy companies in 2022–2024 (105 peers) — value vs value, same stage and era.
  • Within the normal band (136% of peer median) for its niche.
At-risk
  • Last raise 2.4 yr ago; this sector typically re-raises about every 12 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Next Energy Technologies, Inc. is one of 2048 Other Energy companies tracked from SANTA BARBARA. By capital raised it ranks in the upper tier (ahead of 81% 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
Rule 506(b)
Reg D exemption
15
Investors (latest)
2024-02-01
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$100MPre-Seed · 2011-07-15 Raised $750K (real) Modeled valuation $12M (est)Pre-Seed2011Seed · 2011-07-15 Raised $1.8M (real) Modeled valuation $23M (est)Seed2011Seed · 2012-12-18 Raised $1.7M (real) Modeled valuation $22M (est)Seed2012Seed · 2012-12-18 Raised $1.6M (real) Modeled valuation $21M (est)Seed2012Seed · 2012-12-18 Raised $3.8M (real) Modeled valuation $49M (est)Seed2012Seed · 2012-12-18 Raised $1.8M (real) Modeled valuation $23M (est)Seed2012Seed · 2012-12-18 Raised $1.7M (real) Modeled valuation $23M (est)Seed2012Seed · 2015-01-06 Raised $250K (real) Modeled valuation $3.2M (est)Seed2015Pre-Seed · 2015-01-06 Raised $200K (real) Modeled valuation $3.2M (est)Pre-Seed2015Series A · 2015-12-24 Raised $6.3M (real) Modeled valuation $67M (est)Series A2015Seed · 2015-12-24 Raised $1.1M (real) Modeled valuation $15M (est)Seed2015Pre-Seed · 2015-12-24 Raised $500K (real) Modeled valuation $8.1M (est)Pre-Seed2015Seed · 2015-12-24 Raised $3.4M (real) Modeled valuation $45M (est)Seed2015Series A · 2021-12-16 Raised $1.0M (real) Modeled valuation $7.3M (est)Series A2021Series A · 2024-02-01 Raised $11M (real) Modeled valuation $46M (est)Series A2024Cumulative $37M

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
Pre-Seed$750K · 2011
Seed$1.8M · 2011
Seed extension$1.7M · 2012
Seed extension$1.6M · 2012
Seed extension$3.8M · 2012
Seed extension$1.8M · 2012
Seed extension$1.7M · 2012
Seed extension$250K · 2015
Bridge · Seed-stage$200K · 2015smaller follow-on
Series A$6.3M · 2015
Bridge · Series A-stage$1.1M · 2015smaller follow-on
Bridge · Series A-stage$500K · 2015smaller follow-on
Bridge · Series A-stage$3.4M · 2015smaller follow-on
Series A extension$1.0M · 2021
Series A extension$10.6M · 2024

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

Modeled valuation trajectory
$45.9M
Base estimate est.
$13.7M
Conservative case
$109.1M
Upside case
$48.2M
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.

Pre-Seed · modeled $12.1M · 2011-07-152011Seed · modeled $23.4M · 2011-07-15Seed · modeled $22.1M · 2012-12-18Seed · modeled $20.8M · 2012-12-18Seed · modeled $48.8M · 2012-12-18Seed · modeled $23.1M · 2012-12-18Seed · modeled $22.7M · 2012-12-18Seed · modeled $3.2M · 2015-01-06Pre-Seed · modeled $3.2M · 2015-01-06Series A · modeled $66.5M · 2015-12-24Seed · modeled $14.5M · 2015-12-24Pre-Seed · modeled $8.1M · 2015-12-24Seed · modeled $44.7M · 2015-12-24Series A · modeled $7.3M · 2021-12-16Series A · modeled $45.9M · 2024-02-012024
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
2.4 yr
Elapsed time used
2.4 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$1.7M/yr
Capital velocity
15.0 yr
On record since
2011
First round
15
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) 6.3× above median
This company$21.6M
Sector median$3.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.9× above median
This company$10.6M
Sector median$5.5M
Modeled value — vs sector median (estimate, all stages) 2.7× above median
This company$45.9M
Sector median$17.0M

Raised more than 81% of sector peers (real $). Modeled value above 70% 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 #31 of 105.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Versogen, Inc. · Series A Raised $14.5M · modeled $98.8M (est)Juhl Clean Energy Assets, Inc. · Series A Raised $19.2M · modeled $76.2M (est)UtilityAPI, Inc. · Series A Raised $11.0M · modeled $73.4M (est)Premier Uranium, Inc. · Series A Raised $10.0M · modeled $72.5M (est)Controlled Thermal Resources Holdings Inc. · Series A Raised $13.1M · modeled $71.3M (est)Panasol USA Holdings, LLC · Series A Raised $13.2M · modeled $69.6M (est)Renewables Emerging Markets LLC · Series A Raised $10.0M · modeled $69.1M (est)Eden GeoPower, Inc. · Series A Raised $12.6M · modeled $67.5M (est)Sunrock Distributed Generation Inc. · Series A Raised $10.0M · modeled $66.5M (est)Li3 Group, Inc. · Series A Raised $10.0M · modeled $65.6M (est)Tandem Pv, Inc. · Series A Raised $9.1M · modeled $65.1M (est)HelioCasa Corp · Series A Raised $10.0M · modeled $61.3M (est)Next Energy Technologies, Inc. (this company) Raised $21.6M · modeled $45.9M (est)Next Energy Technologies, Inc.
CompanyStageRaised · realValue · estvs peer med.
Versogen, Inc.Series A$14.5M$98.8M2.92×
Juhl Clean Energy Assets, Inc.Series A$19.2M$76.2M2.25×
UtilityAPI, Inc.Series A$11.0M$73.4M2.17×
Premier Uranium, Inc.Series A$10.0M$72.5M2.14×
Controlled Thermal Resources Holdings Inc.Series A$13.1M$71.3M2.11×
Panasol USA Holdings, LLCSeries A$13.2M$69.6M2.06×
Renewables Emerging Markets LLCSeries A$10.0M$69.1M2.04×
Eden GeoPower, Inc.Series A$12.6M$67.5M1.99×
Sunrock Distributed Generation Inc.Series A$10.0M$66.5M1.97×
Li3 Group, Inc.Series A$10.0M$65.6M1.94×
Tandem Pv, Inc.Series A$9.1M$65.1M1.92×
HelioCasa CorpSeries A$10.0M$61.3M1.81×
Next Energy Technologies, Inc. this companySeries A$21.6M$45.9M1.36×
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.
Pre-Seed$750K2011-07-15$4.2M$12.1M85%
Seed$1.8M2011-07-15$9.0M$23.4M85%
Seed$1.7M2012-12-18$8.5M$22.1M85%
Seed$1.6M2012-12-18$8.0M$20.8M85%
Seed$3.8M2012-12-18$18.8M$48.8M85%
Seed$1.8M2012-12-18$8.9M$23.1M85%
Seed$1.7M2012-12-18$8.7M$22.7M85%
Seed$250K2015-01-06$1.3M$3.2M85%
Pre-Seed$200K2015-01-06$1.1M$3.2M85%
Series A$6.3M2015-12-24$28.6M$66.5M90%
Seed$1.1M2015-12-24$5.6M$14.5M85%
Pre-Seed$500K2015-12-24$2.8M$8.1M85%
Seed$3.4M2015-12-24$17.2M$44.7M85%
Series A$1.0M2021-12-16$4.5M$7.3M90%
Series A$10.6M2024-02-01$48.2M$45.9M90%
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. Pre-Seed$750K2011-07-15
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Seed$1.8M2011-07-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.4× larger than the prior — scaling up.
    • 12 investors on this round.
  3. Seed$1.7M2012-12-18
    • Raised 17 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  4. Seed$1.6M2012-12-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  5. Seed$3.8M2012-12-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.3× larger than the prior — scaling up.
    • 14 investors on this round.
  6. Seed$1.8M2012-12-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  7. Seed$1.7M2012-12-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  8. Seed$250K2015-01-06
    • Raised again after 25 mo — slower than the ~12 mo sector norm.
    • Round 7.0× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 4 investors on this round.
  9. Pre-Seed$200K2015-01-06
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  10. Series A$6.3M2015-12-24
    • Raised 12 mo later, in step with the ~12 mo sector norm.
    • Round 31.5× larger than the prior — scaling up.
    • 21 investors on this round.
  11. Seed$1.1M2015-12-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.6× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  12. Pre-Seed$500K2015-12-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  13. Seed$3.4M2015-12-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 6.9× larger than the prior — scaling up.
    • 19 investors on this round.
  14. Series A$1.0M2021-12-16
    • Raised again after 72 mo — slower than the ~12 mo sector norm.
    • Round 3.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  15. Series A$10.6M2024-02-01
    • Raised again after 26 mo — slower than the ~12 mo sector norm.
    • Round 10.6× larger than the prior — scaling up.
    • 15 investors on this round.
Intelligence
2024 ~Q4
Modeled next raise · ~11mo cadence
$31.8M
Modeled next size est.range $20.7M$50.9M
10.6×
Last step-up
$1.7M/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
JOHN SULLIVAN12 other2021-12
Andy Cohen5 other2021-12
Theresa Jester2 other2021-12
Kelly Schuller1 other2024-02
Andy G.P. Cohen2015-12
Arnold Tamayo2015-01
Brenton Taylor2024-02
Corey Hoven2012-12
Corey V. Hoven2011-07
Cory Hoven2024-02
Daniel Emmett2011-07
David G.P. Smukowski2015-12
David Smukowski2021-12
James G.P. Dehlsen2015-12
Lawney Falloon2024-02
Mike Griffiths2021-12
Scott Mraz2021-12
Registry & provenance

Next Energy Technologies, 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
1526240
SEC CIK
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Frequently asked
How much funding has Next Energy Technologies, Inc. raised?
Next Energy Technologies, Inc. has raised approximately $21.6M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Next Energy Technologies, Inc.'s estimated valuation?
Provath's modeled valuation for Next Energy Technologies, Inc. is approximately $45.9M (modeled range $13.7M–$109.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Next Energy Technologies, Inc. at?
Next Energy Technologies, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Feb 01.
What does Next Energy Technologies, Inc. do and where is it based?
Next Energy Technologies, Inc. operates in the Other Energy sector, based in SANTA BARBARA.
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