Companies · Other Energy

Northway Resources Corp.

Vancouver · Other Energy

Diligence memoA one-page analyst read on Northway Resources Corp. — recommendation, valuation, rhythm, risks.
$651K
Total raised · real
1
Rounds
0.2×
Latest step-up
Top 80%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Aug 22 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Northway Resources Corp. looks over-valued against its niche peers and is dormant 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.

Over-valued
  • Modeled value is 2.04× the median modeled value of Pre-Seed Other Energy companies in 2019–2021 (74 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.9 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.
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

Northway Resources Corp. is one of 2049 Other Energy companies tracked from Vancouver. By capital raised it ranks in the long tail (ahead of 21% of sector peers), and in the long tail 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
4
Investors (latest)
2019-08-22
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$5.0M$10M$15M$20MPre-Seed · 2019-08-22 Raised $651K (real) Modeled valuation $11M (est)$651K$11MPre-Seed2019Pre-Seed · 2019-08-22 Raised $156K (real) Modeled valuation $2.5M (est)$156K$2.5MPre-Seed2019+$156KCumulative $807K

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$651K · 2019
Pre-Seed extension$156K · 2019

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

Modeled valuation trajectory
$10.5M
Base estimate est.
$412K
Conservative case
$119.1M
Upside case
$3.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $10.5M · 2019-08-222019Pre-Seed · modeled $2.5M · 2019-08-222019
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.47×/yr
Annual markup
2.00×/yr upside case
6.0 yr
Elapsed time used
6.9 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
6.9 yr
On record since
2019
First round
2
Rounds on file
How it compares to the market

Benchmarked against 2049 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) 0.2× of median
This company$651K
Sector median$3.4M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.4× of median
This company$156K
Sector median$373K
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$10.5M
Sector median$17.0M

Raised more than 21% of sector peers (real $). Modeled value above 39% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #11 of 74.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Cooperative Energy Futures · Pre-Seed Raised $1.0M · modeled $16.1M (est)MT CB VS Waikoloa Villas, LLC · Pre-Seed Raised $981K · modeled $15.8M (est)Secure Solar Capital LLC · Pre-Seed Raised $975K · modeled $15.7M (est)Slingshot Power PBC · Pre-Seed Raised $955K · modeled $15.4M (est)MT CB VS Newcomerstown Solar, LLC · Pre-Seed Raised $920K · modeled $14.8M (est)VS Newcomerstown Solar, LLC · Pre-Seed Raised $920K · modeled $14.8M (est)Bravolta, Inc. · Pre-Seed Raised $1.0M · modeled $14.8M (est)Cosmic Shielding Corp · Pre-Seed Raised $1.0M · modeled $12.1M (est)Aquarius Energy, Inc. · Pre-Seed Raised $775K · modeled $12.0M (est)Scarab Tech Inc · Pre-Seed Raised $651K · modeled $10.5M (est)One World Solar Origins LLC · Pre-Seed Raised $600K · modeled $9.7M (est)Northway Resources Corp. (this company) Raised $651K · modeled $10.5M (est)Northway Resources Corp.
CompanyStageRaised · realValue · estvs peer med.
Cooperative Energy FuturesPre-Seed$1.0M$16.1M3.13×
MT CB VS Waikoloa Villas, LLCPre-Seed$981K$15.8M3.08×
Secure Solar Capital LLCPre-Seed$975K$15.7M3.06×
Slingshot Power PBCPre-Seed$955K$15.4M2.99×
MT CB VS Newcomerstown Solar, LLCPre-Seed$920K$14.8M2.88×
VS Newcomerstown Solar, LLCPre-Seed$920K$14.8M2.88×
Bravolta, Inc.Pre-Seed$1.0M$14.8M2.88×
Cosmic Shielding CorpPre-Seed$1.0M$12.1M2.35×
Aquarius Energy, Inc.Pre-Seed$775K$12.0M2.33×
Scarab Tech IncPre-Seed$651K$10.5M2.04×
Northway Resources Corp. this companyPre-Seed$651K$10.5M2.04×
One World Solar Origins LLCPre-Seed$600K$9.7M1.88×
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$651K2019-08-22$3.6M$10.5M90%
Pre-Seed$156K2019-08-22$866K$2.5M90%
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$651K2019-08-22
    • First recorded raise — entered as Pre-Seed.
    • 5 investors on this round.
  2. Pre-Seed$156K2019-08-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.2× smaller than the prior — bridge or down round.
    • 4 investors on this round.
Intelligence
Modeled next raise
$156K
Modeled next size est.range $156K$249K
0.2×
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
Jay Sujir11 other2019-08
David Schmidt6 other2019-08
Jessica Van Den Akker4 other2019-08
Rick Trotman3 other2019-08
Enoch Kong1 other2019-08
Jamie Levy2019-08
Rick Trotam2019-08
Zach Flood2019-08
Registry & provenance

Northway Resources Corp. 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
1777398
SEC CIK
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
Scarab Tech IncOther EnergyPre-Seed$651K$10.5Msame sector · same stage
Blue Line Marketing, LLCOther EnergyPre-Seed$650K$5.8Msame sector · same stage
Encite LlcOther EnergyPre-Seed$650K$10.5Msame sector · same stage
Neuwing Renewable Energy, LLCOther EnergyPre-Seed$650K$10.5Msame sector · same stage
Power Play Solar, LLCOther EnergyPre-Seed$650K$10.5Msame sector · same stage
Titan Renewables Service Group Inc.Other EnergyPre-Seed$650K$8.1Msame sector · same stage
Seldon Energy Partners, LLCOther EnergyPre-Seed$656K$10.6Msame sector · same stage
CARLISLE GOLDFIELDS LtdOther EnergyPre-Seed$659K$10.6Msame sector · same stage
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
Greenway Technologies IncOther EnergySeed$1.5M90%
Lincolnway Energy, LLCOther EnergySeries A$52.8M89%
Cornerstone Capital Resources IncOther EnergySeed$4.8M88%
kWh New Energy CorpOther EnergyPre-Seed$2.7M87%
Dakota Territory Resource CorpOther EnergyPre-Seed$3.7M86%
CAPSTONE TURBINE CorpOther EnergySeries B$60.5M86%
Ridgeline Royalties IncOther EnergySeed$7.6M86%
American Resources CorpOther EnergySeries B$164.9M86%
Frequently asked
How much funding has Northway Resources Corp. raised?
Northway Resources Corp. has raised approximately $651K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Northway Resources Corp.'s estimated valuation?
Provath's modeled valuation for Northway Resources Corp. is approximately $10.5M (modeled range $412K–$119.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Northway Resources Corp. at?
Northway Resources Corp.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Aug 22.
What does Northway Resources Corp. do and where is it based?
Northway Resources Corp. operates in the Other Energy sector, based in Vancouver.
Explore related

See where Northway Resources Corp. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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