Quantum Fuel Systems Technologies Worldwide, Inc. has raised $107M over 24 rounds; too few niche peers to rank its valuation yet.
Raised $107M across 24 disclosed rounds, last modeled as Recurring offerings.
Valued on the manufacturing profile — its sector's growth and survival benchmarks differ from the market default, so the same raise is worth more or less here.
Last raise 11.0 yr ago; this sector typically re-raises about every 12 months.
Latest round was 5.5× smaller than the prior — a bridge or down round.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the manufacturing sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
Program ended
Last raise 11.0 yr ago; this sector typically re-raises about every 12 months.
For a recurring offering issuer, long silence usually means the offering program is inactive or ended; it is not proof the legal entity is defunct.
Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.
Recurring offering issuermedium confidence
Quantum Fuel Systems Technologies Worldwide, Inc. behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.
Issuer structure
Program-like
Frequent filings and follow-ons read more like a securities offering program than discrete startup rounds.
Lifecycle
16.9 yr record
Peak capital year was 2010 with $36.9M across 6 filings.
Market position
ahead of 96% of Manufacturing peers
Capital scale is ahead of 96% of Manufacturing peers; modeled value is above 64% 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
Lower 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
24 dated financing filings, averaging about 3 months apart.
No clearly named CEO/founder/principal role in the public records surfaced here.
No verified homepage on the profile yet.
Capital program peaked in 2010: $36.9M across 6 filings.
Largest single filing was $12.3M on 2009-08-03.
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 Manufacturing
Quantum Fuel Systems Technologies Worldwide, Inc. is one of 3257 Manufacturing companies tracked from Lake Forest. By capital raised it ranks among the largest (ahead of 96% 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
Amount raised vs valuation, by year
This issuer has a dense recurring filing history, so the chart groups filings by year. Solid bars are annual reported capital reported; hatched bars show the latest modeled value est. observed in that year. Use the toggles to overlay data labels and the niche-peer / market average value lines.
Annual capital raised · realLatest value in year · estCumulative funded · real
Dense history compressed: 24 filings shown as 6 yearly buckets. Hover a bucket for filing count, annual capital, and latest modeled value.
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
This looks like a recurring offering series, so a VC stage ladder would be misleading. Showing the filed offering sequence instead.
Initial offering$3.9M · 2009
Follow-on offering$12.3M · 2009
Follow-on offering$10.9M · 2010
Follow-on offering$6.6M · 2010
Follow-on offering$7.8M · 2010
Follow-on offering$10.6M · 2010
Follow-on offering$581K · 2010
Follow-on offering$485K · 2010
Follow-on offering$1.2M · 2011
Follow-on offering$7.7M · 2011
Follow-on offering$470K · 2011
Follow-on offering$1.5M · 2011
Follow-on offering$7.8M · 2011
Follow-on offering$2.2M · 2011
Follow-on offering$1.1M · 2011
Follow-on offering$3.8M · 2011
Follow-on offering$1.9M · 2011
Follow-on offering$3.5M · 2011
Follow-on offering$450K · 2011
Follow-on offering$4.6M · 2012
Follow-on offering$2.5M · 2012
Follow-on offering$1.8M · 2013
Follow-on offering$11.0M · 2013
Follow-on offering$2.0M · 2015
Modeled valuation trajectory
$20.0M
Base estimate est.
$2.8M
Conservative case
$108.6M
Upside case
$9.1M
Modeled post-money
This issuer files recurring offerings, so the model treats stage labels as a loose sizing heuristic, not a clean VC ladder. The estimate anchors on reported filing amounts and dates, then applies benchmark dilution, survival, and markup assumptions. Directional, not a quoted figure.
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
56%
Survival probability
31% low · 77% high
1.26×/yr
Annual markup
1.58×/yr upside case
6.0 yr
Elapsed time used
11.0 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
3 mo
Avg between rounds
$18.1M/yr
Capital velocity
16.9 yr
On record since
2009
First round
24
Rounds on file
How it compares to the market
Benchmarked against 3257 companies in Manufacturing. 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)▲ 53× above median
This company$106.8M
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages)▲ 1.7× above median
This company$20.0M
Sector median$12.0M
Raised more than 96% of sector peers (real $). Modeled value above 64% of peers (estimate).
Full financing history
This issuer files too frequently for VC stage labels to be meaningful, so rows are shown as initial/follow-on offerings est. instead of Pre-Seed/Seed/Series buckets.
Stage
Amount · real
Announced
Post-money · est
Value · est
Conf.
Initial offering
$3.9M
2009-08-03
$19.6M
$48.1M
90%
Follow-on offering
$12.3M
2009-08-03
$56.0M
$123.0M
90%
Follow-on offering
$10.9M
2010-04-30
$49.3M
$108.4M
90%
Follow-on offering
$6.6M
2010-04-30
$29.8M
$65.5M
90%
Follow-on offering
$7.8M
2010-04-30
$35.4M
$77.8M
90%
Follow-on offering
$10.6M
2010-04-30
$48.2M
$105.9M
90%
Follow-on offering
$581K
2010-07-24
$2.6M
$5.8M
90%
Follow-on offering
$485K
2010-10-13
$2.2M
$4.8M
90%
Follow-on offering
$1.2M
2011-01-18
$5.5M
$12.1M
90%
Follow-on offering
$7.7M
2011-02-18
$35.0M
$76.9M
90%
Follow-on offering
$470K
2011-03-31
$2.1M
$4.7M
90%
Follow-on offering
$1.5M
2011-05-09
$6.8M
$14.9M
90%
Follow-on offering
$7.8M
2011-06-15
$35.5M
$78.1M
90%
Follow-on offering
$2.2M
2011-07-06
$9.9M
$21.8M
90%
Follow-on offering
$1.1M
2011-08-23
$5.2M
$11.5M
90%
Follow-on offering
$3.8M
2011-09-29
$17.3M
$38.1M
90%
Follow-on offering
$1.9M
2011-09-29
$8.9M
$19.5M
90%
Follow-on offering
$3.5M
2011-10-17
$15.9M
$35.0M
90%
Follow-on offering
$450K
2011-11-15
$2.0M
$4.5M
90%
Follow-on offering
$4.6M
2012-06-22
$21.0M
$46.2M
90%
Follow-on offering
$2.5M
2012-07-25
$11.3M
$24.7M
90%
Follow-on offering
$1.8M
2013-01-24
$8.2M
$18.0M
90%
Follow-on offering
$11.0M
2013-09-18
$50.0M
$109.9M
90%
Follow-on offering
$2.0M
2015-06-29
$9.1M
$20.0M
90%
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.
Initial offering$3.9M2009-08-03
First recorded raise — entered as Initial offering.
Follow-on offering$12.3M2009-08-03
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 3.1× larger than the prior — scaling up.
Follow-on offering$10.9M2010-04-30
Raised 9 mo later, in step with the ~12 mo sector norm.
Round roughly the size of the prior one.
Follow-on offering$6.6M2010-04-30
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 1.7× smaller than the prior — bridge or down round.
Follow-on offering$7.8M2010-04-30
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round roughly the size of the prior one.
Follow-on offering$10.6M2010-04-30
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 1.4× larger than the prior — scaling up.
Follow-on offering$581K2010-07-24
Came back fast: 3 mo vs the ~12 mo sector norm.
Round 18.2× smaller than the prior — bridge or down round.
Follow-on offering$485K2010-10-13
Came back fast: 3 mo vs the ~12 mo sector norm.
Round roughly the size of the prior one.
Follow-on offering$1.2M2011-01-18
Came back fast: 3 mo vs the ~12 mo sector norm.
Round 2.5× larger than the prior — scaling up.
Follow-on offering$7.7M2011-02-18
Came back fast: 1 mo vs the ~12 mo sector norm.
Round 6.3× larger than the prior — scaling up.
Follow-on offering$470K2011-03-31
Came back fast: 1 mo vs the ~12 mo sector norm.
Round 16.4× smaller than the prior — bridge or down round.
Follow-on offering$1.5M2011-05-09
Came back fast: 1 mo vs the ~12 mo sector norm.
Round 3.2× larger than the prior — scaling up.
Follow-on offering$7.8M2011-06-15
Came back fast: 1 mo vs the ~12 mo sector norm.
Round 5.2× larger than the prior — scaling up.
Follow-on offering$2.2M2011-07-06
Came back fast: 1 mo vs the ~12 mo sector norm.
Round 3.6× smaller than the prior — bridge or down round.
Follow-on offering$1.1M2011-08-23
Came back fast: 2 mo vs the ~12 mo sector norm.
Round 1.9× smaller than the prior — bridge or down round.
Follow-on offering$3.8M2011-09-29
Came back fast: 1 mo vs the ~12 mo sector norm.
Round 3.3× larger than the prior — scaling up.
Follow-on offering$1.9M2011-09-29
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 2.0× smaller than the prior — bridge or down round.
Follow-on offering$3.5M2011-10-17
Came back fast: 1 mo vs the ~12 mo sector norm.
Round 1.8× larger than the prior — scaling up.
Follow-on offering$450K2011-11-15
Came back fast: 1 mo vs the ~12 mo sector norm.
Round 7.8× smaller than the prior — bridge or down round.
Follow-on offering$4.6M2012-06-22
Raised 7 mo later, in step with the ~12 mo sector norm.
Round 10.3× larger than the prior — scaling up.
Follow-on offering$2.5M2012-07-25
Came back fast: 1 mo vs the ~12 mo sector norm.
Round 1.9× smaller than the prior — bridge or down round.
Follow-on offering$1.8M2013-01-24
Came back fast: 6 mo vs the ~12 mo sector norm.
Round 1.4× smaller than the prior — bridge or down round.
Follow-on offering$11.0M2013-09-18
Raised 8 mo later, in step with the ~12 mo sector norm.
Round 6.1× larger than the prior — scaling up.
Follow-on offering$2.0M2015-06-29
Raised again after 21 mo — slower than the ~12 mo sector norm.
Round 5.5× smaller than the prior — bridge or down round.
Intelligence
2015 ~Q3
Modeled next raise · ~3mo cadence
$2.0M
Modeled next size est.range $2.0M–$3.2M
0.2×
Last step-up
$18.1M/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.
Quantum Fuel Systems Technologies Worldwide, Inc. 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
1166380
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.
How much funding has Quantum Fuel Systems Technologies Worldwide, Inc. raised?
Quantum Fuel Systems Technologies Worldwide, Inc. has raised approximately $106.8M in disclosed capital across 24 recorded financing rounds, aggregated from public filings.
What is Quantum Fuel Systems Technologies Worldwide, Inc.'s estimated valuation?
Provath's modeled valuation for Quantum Fuel Systems Technologies Worldwide, Inc. is approximately $20.0M (modeled range $2.8M–$108.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Quantum Fuel Systems Technologies Worldwide, Inc. at?
Quantum Fuel Systems Technologies Worldwide, Inc. shows a recurring offering pattern rather than a clean VC stage progression. Its most recent recorded round closed around Mon Jun 29.
What does Quantum Fuel Systems Technologies Worldwide, Inc. do and where is it based?
Quantum Fuel Systems Technologies Worldwide, Inc. operates in the Manufacturing sector, based in Lake Forest.
Explore related
See where Quantum Fuel Systems Technologies Worldwide, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
If you work at Quantum Fuel Systems Technologies Worldwide, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.