Companies · Other Energy

Real Goods Solar, Inc.

DENVER · Other Energy

Diligence memoA one-page analyst read on Real Goods Solar, Inc. — recommendation, valuation, rhythm, risks.
$48.9M
Total raised · real
6
Rounds
5.9×
Latest step-up
Top 11%
Sector rank · raised
Series A
Latest stage · inferred · Mon Apr 09 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Real Goods Solar, Inc. 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 1.79× the median modeled value of Series A Other Energy companies in 2016–2018 (47 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.2 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.
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

Real Goods Solar, Inc. is one of 2049 Other Energy companies tracked from DENVER. By capital raised it ranks among the largest (ahead of 90% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

climate/cleantech

As reported in public records reported — not modeled.

US
Jurisdiction
$25M–$100M
Issuer revenue
Rule 506(b)
Reg D exemption
2
Investors (latest)
2018-04-09
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$50M$100M$150M$200MSeries A · 2011-12-19 Raised $10M (real) Modeled valuation $106M (est)$10M$106MSeries A2011Series A · 2013-06-03 Raised $9.3M (real) Modeled valuation $98M (est)$9.3M$98MSeries A2013Series A · 2014-07-02 Raised $7.0M (real) Modeled valuation $74M (est)$7.0M$74MSeries A2014Series A · 2016-04-01 Raised $10M (real) Modeled valuation $106M (est)$10M$106MSeries A2016Series A · 2018-01-04 Raised $1.8M (real) Modeled valuation $19M (est)$1.8M$19MSeries A2018Series A · 2018-04-09 Raised $11M (real) Modeled valuation $114M (est)$11M$114MSeries A2018+$9.3M+$7.0M+$10M+$1.8M+$11MCumulative $49M

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
Series A$10.0M · 2011
Series A extension$9.3M · 2013
Series A extension$7.0M · 2014
Series A extension$10.0M · 2016
Series A extension$1.8M · 2018
Series A extension$10.8M · 2018

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$113.6M
Base estimate est.
$13.9M
Conservative case
$617.7M
Upside case
$48.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Series A · modeled $105.7M · 2011-12-192011Series A · modeled $97.9M · 2013-06-03Series A · modeled $74.0M · 2014-07-02Series A · modeled $105.7M · 2016-04-01Series A · modeled $19.4M · 2018-01-04Series A · modeled $113.6M · 2018-04-092018
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.28×/yr
Annual markup
1.61×/yr upside case
6.0 yr
Elapsed time used
8.2 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$7.7M/yr
Capital velocity
14.5 yr
On record since
2011
First round
6
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) 14× above median
This company$48.9M
Sector median$3.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.0× above median
This company$10.8M
Sector median$5.5M
Modeled value — vs sector median (estimate, all stages) 6.7× above median
This company$113.6M
Sector median$17.0M

Raised more than 90% of sector peers (real $). Modeled value above 84% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #9 of 47.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Depcom Power, Inc. · Series A Raised $20.4M · modeled $158.5M (est)Ubiquitous Energy, Inc. · Series A Raised $22.0M · modeled $158.5M (est)CleanCapital Portfolio 1, LLC · Series A Raised $14.0M · modeled $147.9M (est)FINsix Corp · Series A Raised $31.2M · modeled $143.6M (est)King River Royalties, LLC · Series A Raised $13.3M · modeled $140.6M (est)Delta Sand Investors, LLC · Series A Raised $13.3M · modeled $140.1M (est)Potash Ridge Corp · Series A Raised $12.2M · modeled $124.3M (est)IA Energy Corp. · Series A Raised $21.0M · modeled $116.3M (est)Canadian River Royalties, LLC · Series A Raised $10.4M · modeled $110.4M (est)Zero Point Energy, LLC · Series A Raised $10.0M · modeled $105.7M (est)Convergent Energy & Power LP · Series A Raised $9.0M · modeled $95.1M (est)Real Goods Solar, Inc. (this company) Raised $48.9M · modeled $113.6M (est)Real Goods Solar, Inc.
CompanyStageRaised · realValue · estvs peer med.
Depcom Power, Inc.Series A$20.4M$158.5M2.50×
Ubiquitous Energy, Inc.Series A$22.0M$158.5M2.50×
CleanCapital Portfolio 1, LLCSeries A$14.0M$147.9M2.33×
FINsix CorpSeries A$31.2M$143.6M2.26×
King River Royalties, LLCSeries A$13.3M$140.6M2.22×
Delta Sand Investors, LLCSeries A$13.3M$140.1M2.21×
Potash Ridge CorpSeries A$12.2M$124.3M1.96×
IA Energy Corp.Series A$21.0M$116.3M1.83×
Real Goods Solar, Inc. this companySeries A$48.9M$113.6M1.79×
Canadian River Royalties, LLCSeries A$10.4M$110.4M1.74×
Zero Point Energy, LLCSeries A$10.0M$105.7M1.67×
Convergent Energy & Power LPSeries A$9.0M$95.1M1.50×
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.
Series A$10.0M2011-12-19$45.5M$105.7M85%
Series A$9.3M2013-06-03$42.1M$97.9M85%
Series A$7.0M2014-07-02$31.8M$74.0M85%
Series A$10.0M2016-04-01$45.5M$105.7M85%
Series A$1.8M2018-01-04$8.3M$19.4M90%
Series A$10.8M2018-04-09$48.9M$113.6M90%
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. Series A$10.0M2011-12-19
    • First recorded raise — entered as Series A.
    • 34 investors on this round.
  2. Series A$9.3M2013-06-03
    • Raised again after 17 mo — slower than the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 12 investors on this round.
  3. Series A$7.0M2014-07-02
    • Raised 13 mo later, in step with the ~12 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 24 investors on this round.
  4. Series A$10.0M2016-04-01
    • Raised again after 21 mo — slower than the ~12 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 5 investors on this round.
  5. Series A$1.8M2018-01-04
    • Raised again after 21 mo — slower than the ~12 mo sector norm.
    • Round 5.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  6. Series A$10.8M2018-04-09
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round 5.9× larger than the prior — scaling up.
    • 2 investors on this round.
Intelligence
2019 ~Q3
Modeled next raise · ~15mo cadence
$32.3M
Modeled next size est.range $21.0M$51.6M
5.9×
Last step-up
$7.7M/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
Richard D. White2 other2014-07
Anthony D. DiPaolo1 other2014-07
David L. Belluck1 other2011-12
Jirka Rysavy1 other2011-12
Paul L. Anderson1 other2016-04
Robert L. Scott1 other2013-06
Alan L. Fine2016-04
Barbara B. Mowry2011-12
Dennis Lacey2016-04
Erik R. Zech2011-12
Ian B. Bowles2014-07
Ian L. Bowles2016-04
James P. Argyropoulos2011-12
John B. Schaeffer2016-04
John L Schaeffer2018-01
John Schaeffer2011-12
Kamyar Mofid2013-06
Nicolle L Dorsey2018-01
Pavel Bouska2013-06
Pavel L. Bouska2016-04
Scott B. Lehman2011-12
Steven B. Kaufman2011-12
Thomas L. Mannik2016-04
William S. Yearsley2011-12
Registry & provenance

Real Goods Solar, 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
1425565
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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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
Solar Tech Energy Systems, Inc.Other EnergySeed$4.0M86%
Complete Solar, Inc.Climate / CleantechSeries A$244.6M86%
Project Solar, Inc.Other EnergySeries B$144.3M86%
ETC Solar, Inc.Other EnergyPre-Seed$8.1M86%
Solar Energy Solutions, Inc.Other EnergyPre-Seed$3.0M86%
Spectrum Solar, LLCOther EnergySeed$33.3M85%
FTC Solar, Inc.Other EnergySeries A$52.7M85%
Clean Energy Technology CoOther EnergyPre-Seed$2.3M85%
Frequently asked
How much funding has Real Goods Solar, Inc. raised?
Real Goods Solar, Inc. has raised approximately $48.9M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Real Goods Solar, Inc.'s estimated valuation?
Provath's modeled valuation for Real Goods Solar, Inc. is approximately $113.6M (modeled range $13.9M–$617.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Real Goods Solar, Inc. at?
Real Goods Solar, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Apr 09.
What does Real Goods Solar, Inc. do and where is it based?
Real Goods Solar, Inc. operates in the Other Energy sector, based in DENVER.
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