Companies · Other Energy

Pan American Energy Corp. (Canada)

CALGARY · Other Energy

Diligence memoA one-page analyst read on Pan American Energy Corp. (Canada) — recommendation, valuation, rhythm, risks.
$8.7M
Total raised · real
3
Rounds
1.3×
Latest step-up
Top 35%
Sector rank · raised
Seed
Latest stage · inferred · Thu Feb 01 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Pan American Energy Corp. (Canada) looks over-valued 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.

Over-valued
  • Modeled value is 1.91× the median modeled value of Seed Other Energy companies in 2022–2024 (73 peers) — value vs value, same stage and era.
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

Pan American Energy Corp. (Canada) is one of 2049 Other Energy companies tracked from CALGARY. By capital raised it ranks mid-pack (ahead of 66% of sector peers), and mid-pack 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
1
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$5.0M$10M$15M$20MSeed · 2022-10-17 Raised $2.0M (real) Modeled valuation $12M (est)$2.0M$12MSeed2022Seed · 2023-12-14 Raised $3.0M (real) Modeled valuation $13M (est)$3.0M$13MSeed2023Seed · 2024-02-01 Raised $3.8M (real) Modeled valuation $15M (est)$3.8M$15MSeed2024+$3.0M+$3.8MCumulative $8.7M

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
Seed$2.0M · 2022
Seed extension$3.0M · 2023
Seed extension$3.8M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$15.4M
Base estimate est.
$3.2M
Conservative case
$46.0M
Upside case
$18.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Seed · modeled $12.4M · 2022-10-172022Seed · modeled $12.8M · 2023-12-14Seed · modeled $15.4M · 2024-02-012024
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.38×/yr
Annual markup
1.80×/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
8 mo
Avg between rounds
$6.7M/yr
Capital velocity
3.7 yr
On record since
2022
First round
3
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) 2.5× above median
This company$8.7M
Sector median$3.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 2.2× above median
This company$3.8M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.9× of median
This company$15.4M
Sector median$17.0M

Raised more than 66% of sector peers (real $). Modeled value above 47% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #12 of 73.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)Mes Investors, Llc · Seed Raised $3.5M · modeled $24.0M (est)Zero Emission Industries, Inc. · Seed Raised $3.7M · modeled $24.0M (est)IntriEnergy, Inc. · Seed Raised $4.0M · modeled $22.4M (est)Quino Energy, Inc. · Seed Raised $3.4M · modeled $22.0M (est)GeoGenCo USA LLC · Seed Raised $2.6M · modeled $18.7M (est)AmmPower Corp. · Seed Raised $2.4M · modeled $18.3M (est)Nikola Power Corp · Seed Raised $2.8M · modeled $18.1M (est)Texas Green Energy, LLC · Seed Raised $3.4M · modeled $17.1M (est)Oodles Energy, Inc. · Seed Raised $3.2M · modeled $16.4M (est)Conquer AP4, LLC · Seed Raised $4.0M · modeled $15.7M (est)Source Energy Co · Seed Raised $4.2M · modeled $15.5M (est)Pan American Energy Corp. (Canada) (this company) Raised $8.7M · modeled $15.4M (est)Pan American Energy Corp. (Canada)
CompanyStageRaised · realValue · estvs peer med.
Mes Investors, LlcSeed$3.5M$24.0M2.96×
Zero Emission Industries, Inc.Seed$3.7M$24.0M2.96×
IntriEnergy, Inc.Seed$4.0M$22.4M2.77×
Quino Energy, Inc.Seed$3.4M$22.0M2.72×
GeoGenCo USA LLCSeed$2.6M$18.7M2.31×
AmmPower Corp.Seed$2.4M$18.3M2.26×
Nikola Power CorpSeed$2.8M$18.1M2.24×
Texas Green Energy, LLCSeed$3.4M$17.1M2.11×
Oodles Energy, Inc.Seed$3.2M$16.4M2.03×
Conquer AP4, LLCSeed$4.0M$15.7M1.94×
Source Energy CoSeed$4.2M$15.5M1.92×
Pan American Energy Corp. (Canada) this companySeed$8.7M$15.4M1.91×
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.
Seed$2.0M2022-10-17$9.9M$12.4M90%
Seed$3.0M2023-12-14$14.9M$12.8M90%
Seed$3.8M2024-02-01$18.8M$15.4M90%
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. Seed$2.0M2022-10-17
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
  2. Seed$3.0M2023-12-14
    • Raised 14 mo later, in step with the ~12 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 1 investor on this round.
  3. Seed$3.8M2024-02-01
    • Came back fast: 2 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
2024 ~Q3
Modeled next raise · ~8mo cadence
$4.7M
Modeled next size est.range $3.8M$7.6M
1.3×
Last step-up
$6.7M/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
Paul More1 other2022-10
SEAN KINGSLEY1 other2022-10
William Gibbs1 other2022-10
Jason Latkowcer2022-10
Nicky Grant2023-12
Registry & provenance

Pan American Energy Corp. (Canada) 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
1953588
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.

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AOTS 42 Inc.Other EnergySeed$6.7M$11.6Msame sector · same stage
World Energy Solutions, Inc.Other EnergySeed$6.1M$12.0Msame sector · same stage
BSC Solar PPA I LLCOther EnergySeed$5.9M$13.0Msame sector · same stage
Legacy EV, LLCOther EnergySeed$5.9M$9.2Msame sector · same stage
Scienergy, Inc.Other EnergySeed$5.7M$17.0Msame sector · same stage
TMG Energy Corp.Other EnergySeed$5.2M$11.7Msame 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
Panasol USA Holdings, LLCOther EnergySeries A$69.6M88%
American Resources CorpOther EnergySeries B$164.9M87%
IA Energy Corp.Other EnergySeries A$116.3M87%
Energy Services of America CORPOther EnergySeed$4.8M86%
Energy CX, LLCOther EnergySeed$5.4M86%
Alx Resources Corp.Other EnergyPre-Seed$3.5M85%
Canadian River Royalties, LLCOther EnergySeries A$110.4M85%
American Mineral Technologies CorpOther EnergyPre-Seed$690K85%
Frequently asked
How much funding has Pan American Energy Corp. (Canada) raised?
Pan American Energy Corp. (Canada) has raised approximately $8.7M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Pan American Energy Corp. (Canada)'s estimated valuation?
Provath's modeled valuation for Pan American Energy Corp. (Canada) is approximately $15.4M (modeled range $3.2M–$46.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Pan American Energy Corp. (Canada) at?
Pan American Energy Corp. (Canada)'s latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Feb 01.
What does Pan American Energy Corp. (Canada) do and where is it based?
Pan American Energy Corp. (Canada) operates in the Other Energy sector, based in CALGARY.
Explore related

See where Pan American Energy Corp. (Canada) sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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