Diligence memo · auto-generated · as of July 2, 2026
Novagen Solar Inc.
Novagen Solar Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Novagen Solar Inc. operates in Other Energy, based in TORONTO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Novagen Solar Inc. has raised $151K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $151K on 2010-08-04.
Most recent recorded round closed around 2010-08-04.
Valuation (modeled)modeled
Provath models Novagen Solar Inc. at approximately $2.4M (range $96K–$28M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.44× the median modeled value of Pre-Seed Other Energy companies in 2010–2012 (172 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 15.9 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.
Comparablesmixed
Capital scale ranks ahead of 4% of Other Energy peers (2049 compared).
Modeled value ranks above 12% of those peers.
Closest niche peers: Integrated Energy Solutions, LLC, American Strategic Group LLC, Elizabethtown Solar Electric Partners LLC, Advanced Hydro Solutions LLC, Fuelfree Power Systems, Llc.
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.