Companies · Electric Utilities

Phase 2 Systems LLC

HONOLULU · Electric Utilities

Diligence memoA one-page analyst read on Phase 2 Systems LLC — recommendation, valuation, rhythm, risks.→
$2.6M
Total raised · real
1
Rounds
—
Latest step-up
Top 67%
Sector rank · raised
Seed
Latest stage · inferred

Phase 2 Systems LLC looks under-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the utilities sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.32× the median modeled value of Seed Electric Utilities companies (26 peers) — value vs value, same stage and era.
Active
  • No dated round to assess.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Phase 2 Systems LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
56.7 yr record
Peak capital year was Undated with $2.6M across 1 filings.
Market position
ahead of 34% of Electric Utilities peers
Capital scale is ahead of 34% of Electric Utilities peers; modeled value is above 17% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in Undated: $2.6M across 1 filings.
  • Largest single filing was $2.6M on .
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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 Electric Utilities

Phase 2 Systems LLC is one of 133 Electric Utilities companies tracked from HONOLULU. By capital raised it ranks in the long tail (ahead of 34% 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
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$2.5M$5.0M$7.5M$10MSeed · Raised $2.6M (real) Modeled valuation $5.6M (est)$2.6M$5.6MSeed

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$2.6M

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
$5.6M
Base estimate est.
$2.5M
Conservative case
$8.6M
Upside case
$13.2M
Modeled post-money

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

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
42%
Survival probability
19% low · 65% high
1.30×/yr
Annual markup
1.71×/yr upside case
0.0 yr
Elapsed time used
0.0 yr actual, capped for stale marks
utilities
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
56.7 yr
On record since
1970
First round
1
Rounds on file
How it compares to the market

Benchmarked against 133 companies in Electric Utilities. 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)▼ 0.3× of median
This company$2.6M
Sector median$8.0M
Latest round — vs other Seed rounds in sector (real $, this stage)▲ 1.3× above median
This company$2.6M
Sector median$2.1M
Modeled value — vs sector median (estimate, all stages)▼ 0.1× of median
This company$5.6M
Sector median$39.4M

Raised more than 34% of sector peers (real $). Modeled value above 17% of peers (estimate).

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$2.6M—$13.2M$5.6M90%
Intelligence
—
Modeled next raise
$4.2M
Modeled next size est.range $2.8M–$6.8M
—
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
Erik Ward Kvam—2 other—
Registry & provenance

Phase 2 Systems LLC 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
1506537
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
ZE Project B LLCElectric UtilitiesSeed$1.3M$2.8Mnetwork1 shared operator · same sector · same stage
Good Power Holdings, LLCElectric UtilitiesSeed$2.5M$2.9Msame sector · same stage
Pogo Energy LLCElectric UtilitiesSeed$2.5M$25.9Msame sector · same stage
Canjel Energy, LLCElectric UtilitiesSeed$3.0M$6.3Msame sector · same stage
PDBJAS Investment Group LLCElectric UtilitiesSeed$3.0M$31.1Msame sector · same stage
Bounce Energy Inc.Electric UtilitiesSeed$3.1M$31.7Msame sector · same stage
Crius Energy TrustElectric UtilitiesSeed$3.1M$31.9Msame sector · same stage
Summer Energy, LLCElectric UtilitiesSeed$3.1M$32.4Msame sector · same stage
Frequently asked
How much funding has Phase 2 Systems LLC raised?
Phase 2 Systems LLC has raised approximately $2.6M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Phase 2 Systems LLC's estimated valuation?
Provath's modeled valuation for Phase 2 Systems LLC is approximately $5.6M (modeled range $2.5M–$8.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Phase 2 Systems LLC at?
Phase 2 Systems LLC's latest modeled financing stage is Seed.
What does Phase 2 Systems LLC do and where is it based?
Phase 2 Systems LLC operates in the Electric Utilities sector, based in HONOLULU.
Explore related

See where Phase 2 Systems LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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