Companies · Other Energy

Solace Power Inc.

MOUNT PEARL, NL · Other Energy

Diligence memoA one-page analyst read on Solace Power Inc. — recommendation, valuation, rhythm, risks.
$13.7M
Total raised · real
2
Rounds
1.0×
Latest step-up
Top 27%
Sector rank · raised
Series A
Latest stage · inferred · Mon Dec 18 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Solace Power Inc. looks fair against its niche peers and is at-risk 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.

Fair
  • Modeled value is 0.94× the median modeled value of Series A Other Energy companies in 2022–2024 (105 peers) — value vs value, same stage and era.
  • Within the normal band (94% of peer median) for its niche.
At-risk
  • Last raise 2.5 yr ago; this sector typically re-raises about every 12 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Solace Power Inc. is one of 2048 Other Energy companies tracked from MOUNT PEARL, NL. By capital raised it ranks in the upper tier (ahead of 74% 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
Rule 504
Reg D exemption
1
Investors (latest)
2023-12-18
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$13M$25M$38M$50MSeries A · 2023-12-18 Raised $6.6M (real) Modeled valuation $29M (est)$6.6M$29MSeries A2023Series A · 2023-12-18 Raised $7.1M (real) Modeled valuation $32M (est)$7.1M$32MSeries A2023Series A · 2023-12-18 Raised $7.1M (real) Modeled valuation $32M (est)$7.1M$32MSeries A2023+$7.1M+$7.1MCumulative $21M

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$6.6M · 2023
Series A extension$7.1M · 2023
Series A extension$7.1M · 2023

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
$31.8M
Base estimate est.
$9.2M
Conservative case
$77.8M
Upside case
$32.4M
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 $29.3M · 2023-12-182023Series A · modeled $31.8M · 2023-12-18Series A · modeled $31.8M · 2023-12-182023
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
2.5 yr
Elapsed time used
2.5 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
2.5 yr
On record since
2023
First round
3
Rounds on file
How it compares to the market

Benchmarked against 2048 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) 4.0× above median
This company$13.7M
Sector median$3.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.3× above median
This company$7.1M
Sector median$5.5M
Modeled value — vs sector median (estimate, all stages) 1.9× above median
This company$31.8M
Sector median$17.0M

Raised more than 74% of sector peers (real $). Modeled value above 62% 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 #57 of 105.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Versogen, Inc. · Series A Raised $14.5M · modeled $98.8M (est)Juhl Clean Energy Assets, Inc. · Series A Raised $19.2M · modeled $76.2M (est)UtilityAPI, Inc. · Series A Raised $11.0M · modeled $73.4M (est)Premier Uranium, Inc. · Series A Raised $10.0M · modeled $72.5M (est)Controlled Thermal Resources Holdings Inc. · Series A Raised $13.1M · modeled $71.3M (est)Panasol USA Holdings, LLC · Series A Raised $13.2M · modeled $69.6M (est)Renewables Emerging Markets LLC · Series A Raised $10.0M · modeled $69.1M (est)Eden GeoPower, Inc. · Series A Raised $12.6M · modeled $67.5M (est)Sunrock Distributed Generation Inc. · Series A Raised $10.0M · modeled $66.5M (est)Li3 Group, Inc. · Series A Raised $10.0M · modeled $65.6M (est)Tandem Pv, Inc. · Series A Raised $9.1M · modeled $65.1M (est)HelioCasa Corp · Series A Raised $10.0M · modeled $61.3M (est)Solace Power Inc. (this company) Raised $13.7M · modeled $31.8M (est)Solace Power Inc.
CompanyStageRaised · realValue · estvs peer med.
Versogen, Inc.Series A$14.5M$98.8M2.92×
Juhl Clean Energy Assets, Inc.Series A$19.2M$76.2M2.25×
UtilityAPI, Inc.Series A$11.0M$73.4M2.17×
Premier Uranium, Inc.Series A$10.0M$72.5M2.14×
Controlled Thermal Resources Holdings Inc.Series A$13.1M$71.3M2.11×
Panasol USA Holdings, LLCSeries A$13.2M$69.6M2.06×
Renewables Emerging Markets LLCSeries A$10.0M$69.1M2.04×
Eden GeoPower, Inc.Series A$12.6M$67.5M1.99×
Sunrock Distributed Generation Inc.Series A$10.0M$66.5M1.97×
Li3 Group, Inc.Series A$10.0M$65.6M1.94×
Tandem Pv, Inc.Series A$9.1M$65.1M1.92×
HelioCasa CorpSeries A$10.0M$61.3M1.81×
Solace Power Inc. this companySeries A$13.7M$31.8M0.94×
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$6.6M2023-12-18$29.9M$29.3M90%
Series A$7.1M2023-12-18$32.4M$31.8M90%
Series A$7.1M2023-12-18$32.4M$31.8M90%
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$6.6M2023-12-18
    • First recorded raise — entered as Series A.
    • 6 investors on this round.
  2. Series A$7.1M2023-12-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 504).
    • 1 investor on this round.
  3. Series A$7.1M2023-12-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
Modeled next raise
$7.1M
Modeled next size est.range $7.1M$11.4M
1.0×
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
Neil Desai2 other2023-12
Colin Ryan1 other2023-12
Dietmar Wennemer2023-12
Gordon Conlin2023-12
Jocelyn Perry2023-12
Michael Dudzik2023-12
Neil Chaulk2023-12
Robert Vance2023-12
Ross Finlay2023-12
Registry & provenance

Solace Power 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
1783769
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
OneEnergy, Inc.Other EnergySeries A$13.7M$37.6Msame sector · same stage
Sun Catalytix CorpOther EnergySeries A$13.6M$42.3Msame sector · same stage
Otovo ASAOther EnergySeries A$14.0M$36.1Msame sector · same stage
Electricom, LlcOther EnergySeries A$13.3M$35.4Msame sector · same stage
EnZinc Inc.Other EnergySeries A$13.3M$29.1Msame sector · same stage
Ventacity Systems Inc.Other EnergySeries A$13.2M$34.3Msame sector · same stage
Voyager Horseshoe, LPOther EnergySeries A$14.4M$21.3Msame sector · same stage
Akermin IncOther EnergySeries A$14.7M$19.0Msame sector · same stage
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
Sol Renewables IncOther EnergyPre-Seed$5.7M90%
Beacon Power Services, Corp.Other EnergySeries B$106.4M87%
Soluna Technologies, Ltd.Other EnergySeed$6.5M87%
Outlast Power Inc.Other EnergyPre-Seed$968K87%
Ideal Power Inc.Other EnergySeries B$174.4M87%
Envoy Power Inc.Other EnergySeries C$718.4M87%
UCAP Power, Inc.Other EnergySeries A$16.2M87%
POWERONE CorpOther EnergySeries A$105.2M86%
Frequently asked
How much funding has Solace Power Inc. raised?
Solace Power Inc. has raised approximately $13.7M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Solace Power Inc.'s estimated valuation?
Provath's modeled valuation for Solace Power Inc. is approximately $31.8M (modeled range $9.2M–$77.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Solace Power Inc. at?
Solace Power Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Dec 18.
What does Solace Power Inc. do and where is it based?
Solace Power Inc. operates in the Other Energy sector, based in MOUNT PEARL, NL.
Explore related

See where Solace Power 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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