Companies · Energy / Climate

Spear Power Systems, Inc.

GRANDVIEW · Energy / Climate · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Spear Power Systems, Inc. — recommendation, valuation, rhythm, risks.
$19.6M
Total raised · real
3
Rounds
0.2×
Latest step-up
Top 20%
Sector rank · raised
Series A
Latest stage · inferred · Fri Nov 13 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Spear Power Systems, 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 0.56× the median modeled value of Series A Energy / Climate companies in 2019–2021 (17 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.6 yr ago; this sector typically re-raises about every 11 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 Energy / Climate

Spear Power Systems, Inc. is one of 235 Energy / Climate companies tracked from GRANDVIEW. By capital raised it ranks in the upper tier (ahead of 81% 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 506(b)
Reg D exemption
13
Investors (latest)
2019
Year incorporated
2020-11-13
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$50M$100M$150M$200MSeed · 2018-07-24 Raised $2.0M (real) Modeled valuation $31M (est)$2.0M$31MSeed2018Series A · 2019-09-19 Raised $15M (real) Modeled valuation $182M (est)$15M$182MSeries A2019Series A · 2020-11-13 Raised $3.0M (real) Modeled valuation $34M (est)$3.0M$34MSeries A2020+$15M+$3.0MCumulative $20M

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$2.0M · 2018
Series A$14.6M · 2019
Series A extension$3.0M · 2020

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$33.7M
Base estimate est.
$3.8M
Conservative case
$168.3M
Upside case
$13.6M
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.

Seed · modeled $30.6M · 2018-07-242018Series A · modeled $181.6M · 2019-09-19Series A · modeled $33.7M · 2020-11-132020
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
51%
Survival probability
28% low · 70% high
1.32×/yr
Annual markup
1.67×/yr upside case
5.6 yr
Elapsed time used
5.6 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$8.5M/yr
Capital velocity
7.9 yr
On record since
2018
First round
3
Rounds on file
How it compares to the market

Benchmarked against 235 companies in Energy / Climate. 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) 3.9× above median
This company$19.6M
Sector median$5.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.5× of median
This company$3.0M
Sector median$6.1M
Modeled value — vs sector median (estimate, all stages) 1.8× above median
This company$33.7M
Sector median$19.0M

Raised more than 81% of sector peers (real $). Modeled value above 64% 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 #14 of 17.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Electric Power Systems, Inc. · Series A Raised $15.0M · modeled $187.0M (est)Energy Water Services HoldCo LLC · Series A Raised $10.9M · modeled $135.7M (est)Imprint Energy, Inc. · Series A Raised $18.4M · modeled $131.2M (est)Titan Advanced Energy Solutions, Inc. · Series A Raised $10.2M · modeled $127.1M (est)Quidnet Energy Inc. · Series A Raised $18.0M · modeled $124.7M (est)Sierra Blanca Energy Lp · Series A Raised $5.0M · modeled $62.3M (est)FluiDyne Fluid Power, Inc. · Series A Raised $7.6M · modeled $62.2M (est)Energy Club Holdings, LLC · Series A Raised $18.0M · modeled $61.6M (est)InPipe Energy, Inc. · Series A Raised $7.0M · modeled $60.3M (est)Nxt Power, Llc · Series A Raised $4.5M · modeled $55.3M (est)Power Finance Inc. · Series A Raised $5.0M · modeled $49.4M (est)People Power Co · Series A Raised $17.3M · modeled $45.4M (est)Spear Power Systems, Inc. (this company) Raised $19.6M · modeled $33.7M (est)Spear Power Systems, Inc.
CompanyStageRaised · realValue · estvs peer med.
Electric Power Systems, Inc.Series A$15.0M$187.0M3.10×
Energy Water Services HoldCo LLCSeries A$10.9M$135.7M2.25×
Imprint Energy, Inc.Series A$18.4M$131.2M2.18×
Titan Advanced Energy Solutions, Inc.Series A$10.2M$127.1M2.11×
Quidnet Energy Inc.Series A$18.0M$124.7M2.07×
Sierra Blanca Energy LpSeries A$5.0M$62.3M1.03×
FluiDyne Fluid Power, Inc.Series A$7.6M$62.2M1.03×
Energy Club Holdings, LLCSeries A$18.0M$61.6M1.02×
InPipe Energy, Inc.Series A$7.0M$60.3M1.00×
Nxt Power, LlcSeries A$4.5M$55.3M0.92×
Power Finance Inc.Series A$5.0M$49.4M0.82×
People Power CoSeries A$17.3M$45.4M0.75×
Spear Power Systems, Inc. this companySeries A$19.6M$33.7M0.56×
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$2.0M2018-07-24$10.0M$30.6M90%
Series A$14.6M2019-09-19$66.2M$181.6M90%
Series A$3.0M2020-11-13$13.6M$33.7M90%
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$2.0M2018-07-24
    • First recorded raise — entered as Seed.
    • 2 investors on this round.
  2. Series A$14.6M2019-09-19
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 7.3× larger than the prior — scaling up.
    • 13 investors on this round.
  3. Series A$3.0M2020-11-13
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 4.9× smaller than the prior — bridge or down round.
    • 13 investors on this round.
Intelligence
2022 ~Q1
Modeled next raise · ~14mo cadence
$3.0M
Modeled next size est.range $3.0M$4.8M
0.2×
Last step-up
$8.5M/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
Dennis Odell2 other2019-09
Ben T. Abadi2019-09
DARYLL T. NOTTINGHAM2018-07
DENNIS T. ODELL2018-07
Gina T. Domanig2019-09
Jeffery T. Kostos2018-07
Joon T. Kim2018-07
MICHAEL T. YIM2018-07
Michael Yim2019-09
MITCH T. MABREY2018-07
WILEY T. CURRAN2018-07
Registry & provenance

Spear Power Systems, 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
1749982
SEC CIK
2019
Incorporated
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
Ernest Energy, Inc.Energy / ClimateSeries A$20.1M$62.4Msame sector · same stage
Power Life Sciences, Inc.Energy / ClimateSeries A$18.8M$56.9Msame sector · same stage
Growing Energy Labs, Inc.Energy / ClimateSeries A$20.3M$3.7Msame sector · same stage
Auto Motive Power Inc.Energy / ClimateSeries A$20.5M$77.4Msame sector · same stage
Overview Energy, Inc.Energy / ClimateSeries A$18.5M$47.7Msame sector · same stage
Imprint Energy, Inc.Energy / ClimateSeries A$18.4M$131.2Msame sector · same stage
Quidnet Energy Inc.Energy / ClimateSeries A$18.0M$124.7Msame sector · same stage
Energy Club Holdings, LLCEnergy / ClimateSeries A$18.0M$61.6Msame 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
Electric Power Systems, Inc.Energy / ClimateSeries A$187.0M88%
Black Swan Power LLCEnergy / ClimatePre-Seed$19.0M86%
Power Design Holdings, LLCEnergy / ClimateSeries B$405.5M85%
Saratoga Energy CorpEnergy / ClimateSeries A$24.3M85%
MTPV Power CorpEnergy / ClimateSeries B$245.0M85%
Solid Power Inc.Energy / ClimateSeries D+$1.9B85%
Basic Power, Inc.Energy / ClimatePre-Seed$7.1M84%
Solstice Power Technologies, Inc.Energy / ClimateSeed$48.0M84%
Frequently asked
How much funding has Spear Power Systems, Inc. raised?
Spear Power Systems, Inc. has raised approximately $19.6M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Spear Power Systems, Inc.'s estimated valuation?
Provath's modeled valuation for Spear Power Systems, Inc. is approximately $33.7M (modeled range $3.8M–$168.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spear Power Systems, Inc. at?
Spear Power Systems, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Nov 13.
What does Spear Power Systems, Inc. do and where is it based?
Spear Power Systems, Inc. operates in the Energy / Climate sector, based in GRANDVIEW.
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