Companies · Other Energy

SolFocus, Inc.

SAN JOSE · Other Energy

Diligence memoA one-page analyst read on SolFocus, Inc. — recommendation, valuation, rhythm, risks.
$217.1M
Total raised · real
12
Rounds
0.5×
Latest step-up
Top 3%
Sector rank · raised
Series C
Latest stage · inferred · Tue May 08 2012 00:00:00 GMT+0000 (Coordinated Universal Time)

SolFocus, Inc. looks under-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.

Under-valued
  • Modeled value is 0.49× the median modeled value of Series C Other Energy companies in 2010–2012 (11 peers) — value vs value, same stage and era.
Dormant
  • Last raise 14.1 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

SolFocus, Inc. is one of 2048 Other Energy companies tracked from SAN JOSE. By capital raised it ranks among the largest (ahead of 98% 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 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$250M$500M$750M$1.0BSeed · 2008-12-19 Raised $3.5M (real) Modeled valuation $45M (est)Seed2008Series C · 2008-12-19 Raised $78M (real) Modeled valuation $929M (est)Series C2008Seed · 2008-12-19 Raised $3.7M (real) Modeled valuation $48M (est)Seed2008Seed · 2008-12-19 Raised $3.8M (real) Modeled valuation $50M (est)Seed2008Seed · 2008-12-19 Raised $3.8M (real) Modeled valuation $50M (est)Seed2008Seed · 2008-12-19 Raised $3.8M (real) Modeled valuation $50M (est)Seed2008Series C · 2010-02-22 Raised $29M (real) Modeled valuation $349M (est)Series C2010Series C · 2010-02-22 Raised $30M (real) Modeled valuation $361M (est)Series C2010Series C · 2010-02-22 Raised $19M (real) Modeled valuation $225M (est)Series C2010Series C · 2010-02-22 Raised $12M (real) Modeled valuation $143M (est)Series C2010Series C · 2010-11-04 Raised $20M (real) Modeled valuation $239M (est)Series C2010Series C · 2012-05-08 Raised $11M (real) Modeled valuation $129M (est)Series C2012Cumulative $217M

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
Seed$3.5M · 2008
Series C$77.6M · 2008no Series A / Series B on file
Bridge · Series C-stage$3.7M · 2008smaller follow-on
Bridge · Series C-stage$3.8M · 2008smaller follow-on
Bridge · Series C-stage$3.8M · 2008smaller follow-on
Bridge · Series C-stage$3.8M · 2008smaller follow-on
Series C extension$29.2M · 2010
Series C extension$30.2M · 2010
Series C extension$18.8M · 2010
Series C extension$11.9M · 2010
Series C extension$20.0M · 2010
Series C extension$10.8M · 2012

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$128.7M
Base estimate est.
$39.5M
Conservative case
$339.2M
Upside case
$71.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Seed · modeled $44.9M · 2008-12-192008Series C · modeled $929.3M · 2008-12-19Seed · modeled $47.8M · 2008-12-19Seed · modeled $50.0M · 2008-12-19Seed · modeled $49.7M · 2008-12-19Seed · modeled $49.6M · 2008-12-19Series C · modeled $349.1M · 2010-02-22Series C · modeled $361.0M · 2010-02-22Series C · modeled $225.4M · 2010-02-22Series C · modeled $142.9M · 2010-02-22Series C · modeled $239.5M · 2010-11-04Series C · modeled $128.7M · 2012-05-082012
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
74%
Survival probability
55% low · 86% high
1.16×/yr
Annual markup
1.33×/yr upside case
6.0 yr
Elapsed time used
14.2 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$64.1M/yr
Capital velocity
17.5 yr
On record since
2008
First round
12
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) 63× above median
This company$217.1M
Sector median$3.4M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.2× of median
This company$10.8M
Sector median$47.0M
Modeled value — vs sector median (estimate, all stages) 7.6× above median
This company$128.7M
Sector median$17.0M

Raised more than 98% of sector peers (real $). Modeled value above 86% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 11.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Kdc Solar P Llc · Series C Raised $70.0M · modeled $838.2M (est)General Compression, Inc. · Series C Raised $149.1M · modeled $718.4M (est)T&D Solutions Holdings, LLC · Series C Raised $51.8M · modeled $620.3M (est)Virent Energy Systems Inc · Series C Raised $46.4M · modeled $555.8M (est)Aurora Algae, Inc. · Series C Raised $103.4M · modeled $263.4M (est)Enphase Energy, Inc. · Series C Raised $159.2M · modeled $261.7M (est)Pretium Resources Inc. · Series C Raised $94.2M · modeled $257.6M (est)Cssw, Llc · Series C Raised $195.2M · modeled $179.6M (est)AE Polysilicon Corp · Series C Raised $75.4M · modeled $23.9M (est)GreenHouse Holdings, Inc. · Series C Raised $58.2M · modeled $9.3M (est)SolFocus, Inc. (this company) Raised $217.1M · modeled $128.7M (est)SolFocus, Inc.
CompanyStageRaised · realValue · estvs peer med.
Kdc Solar P LlcSeries C$70.0M$838.2M3.20×
General Compression, Inc.Series C$149.1M$718.4M2.75×
T&D Solutions Holdings, LLCSeries C$51.8M$620.3M2.37×
Virent Energy Systems IncSeries C$46.4M$555.8M2.12×
Aurora Algae, Inc.Series C$103.4M$263.4M1.01×
Enphase Energy, Inc.Series C$159.2M$261.7M1.00×
Pretium Resources Inc.Series C$94.2M$257.6M0.98×
Cssw, LlcSeries C$195.2M$179.6M0.69×
SolFocus, Inc. this companySeries C$217.1M$128.7M0.49×
AE Polysilicon CorpSeries C$75.4M$23.9M0.09×
GreenHouse Holdings, Inc.Series C$58.2M$9.3M0.04×
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.
Seed$3.5M2008-12-19$17.3M$44.9M90%
Series C$77.6M2008-12-19$517.4M$929.3M90%
Seed$3.7M2008-12-19$18.4M$47.8M90%
Seed$3.8M2008-12-19$19.2M$50.0M90%
Seed$3.8M2008-12-19$19.2M$49.7M90%
Seed$3.8M2008-12-19$19.1M$49.6M90%
Series C$29.2M2010-02-22$194.3M$349.1M90%
Series C$30.2M2010-02-22$201.0M$361.0M90%
Series C$18.8M2010-02-22$125.5M$225.4M90%
Series C$11.9M2010-02-22$79.6M$142.9M90%
Series C$20.0M2010-11-04$133.3M$239.5M90%
Series C$10.8M2012-05-08$71.7M$128.7M90%
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. Seed$3.5M2008-12-19
    • First recorded raise — entered as Seed.
  2. Series C$77.6M2008-12-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 22.4× larger than the prior — scaling up.
  3. Seed$3.7M2008-12-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 21.1× smaller than the prior — bridge or down round.
  4. Seed$3.8M2008-12-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  5. Seed$3.8M2008-12-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  6. Seed$3.8M2008-12-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  7. Series C$29.2M2010-02-22
    • Raised 14 mo later, in step with the ~12 mo sector norm.
    • Round 7.6× larger than the prior — scaling up.
  8. Series C$30.2M2010-02-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  9. Series C$18.8M2010-02-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
  10. Series C$11.9M2010-02-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
  11. Series C$20.0M2010-11-04
    • Raised 8 mo later, in step with the ~12 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
  12. Series C$10.8M2012-05-08
    • Raised again after 18 mo — slower than the ~12 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
Intelligence
2012 ~Q3
Modeled next raise · ~4mo cadence
$10.8M
Modeled next size est.range $10.8M$17.2M
0.5×
Last step-up
$64.1M/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.

PersonRoleAlso runsTied since
Scott Sandell18 other2008-12
Wayne Boulais4 other2008-12
Scott D. Sandell2 other2012-05
Steve Parry2 other2008-12
Jason Ellsworth1 other2008-12
Robert J. Legendre1 other2008-12
Scott J. Sandell1 other2008-12
Bob D. Raybuck2012-05
Bob J. Raybuck2008-12
Bob Raybuck2008-12
Gary D. Conley2008-12
Mark Crowley2008-12
Mark D. Crowley2008-12
Nancy Hartsoch2008-12
Nancy J. Hartsoch2008-12
Os J. Regalado2008-12
Os Regalado2008-12
Robert D. Legendre2012-05
Robert Legendre2008-12
Stephen D. Horne2012-05
Stephen J. Horne2008-12
Steve D. Parry2012-05
Steve J. Parry2008-12
Ty Jagerson2008-12
Registry & provenance

SolFocus, 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
1467232
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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Cssw, LlcOther EnergySeries C$195.2M$179.6Msame sector · same stage
Stronghold Digital Mining, Inc.Other EnergySeries C$173.2M$110.6Msame sector · same stage
Viridi Parente, Inc.Other EnergySeries C$148.2M$104.9Msame sector · same stage
Workday, Inc.Other TechnologySeries C$183.6M$3.1Bnetwork1 shared operator · same stage
Gold Holdings, LlcOther EnergySeries C$126.3M$119.7Msame sector · same stage
SOLARIA CorpOtherSeries C$167.5M$447.8Mnetwork1 shared operator · same stage
Frequently asked
How much funding has SolFocus, Inc. raised?
SolFocus, Inc. has raised approximately $217.1M in disclosed capital across 12 recorded financing rounds, aggregated from public filings.
What is SolFocus, Inc.'s estimated valuation?
Provath's modeled valuation for SolFocus, Inc. is approximately $128.7M (modeled range $39.5M–$339.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is SolFocus, Inc. at?
SolFocus, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Tue May 08.
What does SolFocus, Inc. do and where is it based?
SolFocus, Inc. operates in the Other Energy sector, based in SAN JOSE.
Explore related

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