Diligence memo · auto-generated · as of July 2, 2026
Reel Solar, Inc.
Reel Solar, Inc. has raised $34M over 3 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Reel Solar, Inc. operates in Energy Conservation, based in SAN JOSE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Reel Solar, Inc. has raised $34M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $15M on 2011-10-27.
Most recent recorded round closed around 2013-03-12.
Valuation (modeled)modeled
Provath models Reel Solar, Inc. at approximately $97M (range $9.2M–$373M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 8 months.
Last raise 13.3 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 3.8× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 89% of Energy Conservation peers (254 compared).
Modeled value ranks above 81% of those peers.
Closest niche peers: Infinia CORP, Verengo, Inc..
Peoplefiled
9 named people 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.