Companies · Other

Rivertop Renewables, Inc

MISSOULA · Other

Diligence memoA one-page analyst read on Rivertop Renewables, Inc — recommendation, valuation, rhythm, risks.
$98.6M
Total raised · real
30
Rounds
1.0×
Latest step-up
Top 5%
Sector rank · raised
Recurring offerings
Latest stage · inferred · Thu Nov 12 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

Rivertop Renewables, Inc has raised $99M over 30 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

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

Program ended
  • Last raise 10.6 yr ago; this sector typically re-raises about every 11 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

Rivertop Renewables, 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
17.7 yr record
Peak capital year was 2011 with $34.3M across 12 filings.
Market position
ahead of 96% of Other peers
Capital scale is ahead of 96% of Other peers; modeled value is above 85% 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
  • 30 dated financing filings, averaging about 3 months apart.
  • Sector is still broad/Other, so operating comparables are weak.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2011: $34.3M across 12 filings.
  • Largest single filing was $23.3M on 2014-04-03.
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 Other

Rivertop Renewables, Inc is one of 25015 Other companies tracked from MISSOULA. By capital raised it ranks among the largest (ahead of 96% 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.

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: 30 filings shown as 6 yearly buckets. Hover a bucket for filing count, annual capital, and latest modeled value.

$0$125M$250M$375M$500M2008: 3 filings Raised $3.4M total (real) Latest modeled valuation $23M (est)20083 filings2009: 3 filings Raised $1.3M total (real) Latest modeled valuation $4.5M (est)20093 filings2010: 7 filings Raised $7.3M total (real) Latest modeled valuation $7.4M (est)20107 filings2011: 12 filings Raised $34M total (real) Latest modeled valuation $67M (est)201112 filings2014: 1 filing Raised $23M total (real) Latest modeled valuation $387M (est)20141 filings2015: 4 filings Raised $29M total (real) Latest modeled valuation $125M (est)20154 filings+$1.3M+$7.3M+$34M+$23M+$29MCumulative $99M

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$1.1M · 2008
Follow-on offering$1.1M · 2008
Follow-on offering$1.2M · 2008
Follow-on offering$511K · 2009
Follow-on offering$500K · 2009
Follow-on offering$241K · 2009
Follow-on offering$928K · 2010
Follow-on offering$2.2M · 2010
Follow-on offering$1.8M · 2010
Follow-on offering$789K · 2010
Follow-on offering$625K · 2010
Follow-on offering$575K · 2010
Follow-on offering$400K · 2010
Follow-on offering$2.2M · 2011
Follow-on offering$6.3M · 2011
Follow-on offering$3.3M · 2011
Follow-on offering$1.5M · 2011
Follow-on offering$1.4M · 2011
Follow-on offering$1.3M · 2011
Follow-on offering$1.3M · 2011
Follow-on offering$1.0M · 2011
Follow-on offering$4.5M · 2011
Follow-on offering$3.0M · 2011
Follow-on offering$4.1M · 2011

Showing first 24 of 30 filings to keep the sequence readable.

Modeled valuation trajectory
$126.8M
Base estimate est.
$19.1M
Conservative case
$488.1M
Upside case
$42.4M
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.

Seed · modeled $19.9M · 2008-10-312008Seed · modeled $19.5M · 2008-10-31Seed · modeled $22.9M · 2008-10-31Seed · modeled $9.5M · 2009-10-30Seed · modeled $9.3M · 2009-10-30Seed · modeled $4.5M · 2009-10-30Seed · modeled $17.2M · 2010-07-27Seed · modeled $40.5M · 2010-07-27Seed · modeled $33.0M · 2010-07-27Seed · modeled $14.7M · 2010-07-27Seed · modeled $11.6M · 2010-07-27Seed · modeled $10.7M · 2010-07-27Seed · modeled $7.4M · 2010-07-27Seed · modeled $40.9M · 2011-06-20Series A · modeled $95.5M · 2011-11-02Seed · modeled $61.2M · 2011-11-02Seed · modeled $28.1M · 2011-11-02Seed · modeled $25.9M · 2011-11-02Seed · modeled $24.3M · 2011-11-02Seed · modeled $23.5M · 2011-11-02Seed · modeled $18.6M · 2011-11-02Series A · modeled $67.6M · 2011-11-02Seed · modeled $55.6M · 2011-11-02Series A · modeled $62.2M · 2011-11-02Series A · modeled $67.2M · 2011-11-02Series B · modeled $386.6M · 2014-04-03Series B · modeled $120.2M · 2015-11-12Series B · modeled $113.1M · 2015-11-12Series B · modeled $126.8M · 2015-11-12Series B · modeled $125.2M · 2015-11-122015
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
6.0 yr
Elapsed time used
10.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
3 mo
Avg between rounds
$14.0M/yr
Capital velocity
17.7 yr
On record since
2008
First round
30
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. 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) 48× above median
This company$98.6M
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages) 7.2× above median
This company$126.8M
Sector median$17.7M

Raised more than 96% of sector peers (real $). Modeled value above 85% 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.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Initial offering$1.1M2008-10-31$5.3M$19.9M90%
Follow-on offering$1.1M2008-10-31$5.3M$19.5M90%
Follow-on offering$1.2M2008-10-31$6.2M$22.9M90%
Follow-on offering$511K2009-10-30$2.6M$9.5M90%
Follow-on offering$500K2009-10-30$2.5M$9.3M90%
Follow-on offering$241K2009-10-30$1.2M$4.5M90%
Follow-on offering$928K2010-07-27$4.6M$17.2M90%
Follow-on offering$2.2M2010-07-27$10.9M$40.5M90%
Follow-on offering$1.8M2010-07-27$8.9M$33.0M90%
Follow-on offering$789K2010-07-27$3.9M$14.7M90%
Follow-on offering$625K2010-07-27$3.1M$11.6M90%
Follow-on offering$575K2010-07-27$2.9M$10.7M90%
Follow-on offering$400K2010-07-27$2.0M$7.4M90%
Follow-on offering$2.2M2011-06-20$11.0M$40.9M90%
Follow-on offering$6.3M2011-11-02$28.7M$95.5M90%
Follow-on offering$3.3M2011-11-02$16.4M$61.2M90%
Follow-on offering$1.5M2011-11-02$7.5M$28.1M90%
Follow-on offering$1.4M2011-11-02$7.0M$25.9M90%
Follow-on offering$1.3M2011-11-02$6.5M$24.3M90%
Follow-on offering$1.3M2011-11-02$6.3M$23.5M90%
Follow-on offering$1.0M2011-11-02$5.0M$18.6M90%
Follow-on offering$4.5M2011-11-02$20.3M$67.6M90%
Follow-on offering$3.0M2011-11-02$15.0M$55.6M90%
Follow-on offering$4.1M2011-11-02$18.7M$62.2M90%
Follow-on offering$4.4M2011-11-02$20.2M$67.2M90%
Follow-on offering$23.3M2014-04-03$129.3M$386.6M90%
Follow-on offering$7.2M2015-11-12$40.2M$120.2M90%
Follow-on offering$6.8M2015-11-12$37.8M$113.1M90%
Follow-on offering$7.6M2015-11-12$42.4M$126.8M90%
Follow-on offering$7.5M2015-11-12$41.9M$125.2M90%
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. Initial offering$1.1M2008-10-31
    • First recorded raise — entered as Initial offering.
  2. Follow-on offering$1.1M2008-10-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  3. Follow-on offering$1.2M2008-10-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  4. Follow-on offering$511K2009-10-30
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
  5. Follow-on offering$500K2009-10-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  6. Follow-on offering$241K2009-10-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.1× smaller than the prior — bridge or down round.
  7. Follow-on offering$928K2010-07-27
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
  8. Follow-on offering$2.2M2010-07-27
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.3× larger than the prior — scaling up.
  9. Follow-on offering$1.8M2010-07-27
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  10. Follow-on offering$789K2010-07-27
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.3× smaller than the prior — bridge or down round.
  11. Follow-on offering$625K2010-07-27
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  12. Follow-on offering$575K2010-07-27
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  13. Follow-on offering$400K2010-07-27
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
  14. Follow-on offering$2.2M2011-06-20
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 5.5× larger than the prior — scaling up.
  15. Follow-on offering$6.3M2011-11-02
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 2.9× larger than the prior — scaling up.
  16. Follow-on offering$3.3M2011-11-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× smaller than the prior — bridge or down round.
  17. Follow-on offering$1.5M2011-11-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.2× smaller than the prior — bridge or down round.
  18. Follow-on offering$1.4M2011-11-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  19. Follow-on offering$1.3M2011-11-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  20. Follow-on offering$1.3M2011-11-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  21. Follow-on offering$1.0M2011-11-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  22. Follow-on offering$4.5M2011-11-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.5× larger than the prior — scaling up.
  23. Follow-on offering$3.0M2011-11-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
  24. Follow-on offering$4.1M2011-11-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
  25. Follow-on offering$4.4M2011-11-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  26. Follow-on offering$23.3M2014-04-03
    • Raised again after 29 mo — slower than the ~11 mo sector norm.
    • Round 5.2× larger than the prior — scaling up.
  27. Follow-on offering$7.2M2015-11-12
    • Raised again after 19 mo — slower than the ~11 mo sector norm.
    • Round 3.2× smaller than the prior — bridge or down round.
  28. Follow-on offering$6.8M2015-11-12
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  29. Follow-on offering$7.6M2015-11-12
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  30. Follow-on offering$7.5M2015-11-12
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
Intelligence
2016 ~Q1
Modeled next raise · ~3mo cadence
$7.5M
Modeled next size est.range $7.5M$12.1M
1.0×
Last step-up
$14.0M/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
Schuyler Lance4 other2008-10
Michael Nelson3 other2008-10
Ronald Meeusen2 other2011-11
Brian Silvey1 other2011-11
Jere Kolstad1 other2008-10
David Burner2008-10
David E. Burner2008-10
Donald E. Kiely2008-10
Donald Kiely2009-10
James E Stoppert2010-07
Jason E. Kiely2008-10
Jason Kiely2008-10
Jere E. Kolstad2008-10
John Monks2015-11
Michael E. Knauf2011-11
Michael E. Nelson2008-10
Michael Kadas2009-10
Michael Knauf2011-11
Ronald E. Meeusen2011-11
Schuyler E Lance2008-10
Steve N. Donen2015-11
Terry Benishek2008-10
Terry E Benishek2008-10
Tom Erickson2011-11
Registry & provenance

Rivertop Renewables, 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
1450573
SEC CIK
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Frequently asked
How much funding has Rivertop Renewables, Inc raised?
Rivertop Renewables, Inc has raised approximately $98.6M in disclosed capital across 30 recorded financing rounds, aggregated from public filings.
What is Rivertop Renewables, Inc's estimated valuation?
Provath's modeled valuation for Rivertop Renewables, Inc is approximately $126.8M (modeled range $19.1M–$488.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Rivertop Renewables, Inc at?
Rivertop Renewables, Inc shows a recurring offering pattern rather than a clean VC stage progression. Its most recent recorded round closed around Thu Nov 12.
What does Rivertop Renewables, Inc do and where is it based?
Rivertop Renewables, Inc operates in the Other sector, based in MISSOULA.
Explore related

See where Rivertop Renewables, Inc sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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