Diligence memo · auto-generated · as of July 3, 2026
Sonnedix Espana Finance 2 S.A.U.
Sonnedix Espana Finance 2 S.A.U. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Sonnedix Espana Finance 2 S.A.U. operates in Other Energy, based in MADRID.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Sonnedix Espana Finance 2 S.A.U. has raised $49M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $42M on 2018-06-06.
Most recent recorded round closed around 2018-12-04.
Valuation (modeled)modeled
Provath models Sonnedix Espana Finance 2 S.A.U. at approximately $86M (range $26M–$226M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.14× the median modeled value of Series C Other Energy companies in 2016–2018 (16 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 6 months.
Last raise 7.6 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 5.8× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 90% of Other Energy peers (2049 compared).
Modeled value ranks above 80% of those peers.
Closest niche peers: WRH Associates, LLC, Concessionaire CCNCM Transmission Line S.A.C., Clean Energy Fuels Corp., Stem, Inc., Mims Motors Corp.
Peoplefiled
2 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.