Diligence memo · auto-generated · as of July 2, 2026
Source Energy Co
Source Energy Co looks over-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Source Energy Co operates in Other Energy, based in Longmont.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Source Energy Co has raised $4.2M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.0M on 2023-05-18.
Most recent recorded round closed around 2023-05-18.
Valuation (modeled)modeled
Provath models Source Energy Co at approximately $16M (range $2.6M–$56M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.92× the median modeled value of Seed Other Energy companies in 2022–2024 (73 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 13 months.
Last raise 3.1 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.
The last round stepped up 2.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 53% of Other Energy peers (2049 compared).
Modeled value ranks above 47% of those peers.
Closest niche peers: Mes Investors, Llc, Zero Emission Industries, Inc., IntriEnergy, Inc., Quino Energy, Inc., GeoGenCo USA LLC.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.