Diligence memo · auto-generated · as of July 2, 2026
North Star Joint Venture No. 2
North Star Joint Venture No. 2 looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
North Star Joint Venture No. 2 operates in Other Energy, based in YOUNGSTOWN.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
North Star Joint Venture No. 2 has raised $2.4M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.4M on 2011-07-19.
Most recent recorded round closed around 2011-07-19.
Valuation (modeled)modeled
Provath models North Star Joint Venture No. 2 at approximately $31M (range $2.1M–$244M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.29× the median modeled value of Seed Other Energy companies in 2010–2012 (94 peers) — value vs value, same stage and era. Within the normal band (129% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 15.0 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 43% of Other Energy peers (2049 compared).
Modeled value ranks above 62% of those peers.
Closest niche peers: Community Energy Holdings, Inc., Gentry-Glori Energy Investment LLC, Phoenix Solar Holdings Corp., MegaWatt Solar, Inc., Allana Potash Corp..
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.