Companies · Other Energy

SPP Fund II-B, LLC

MILL VALLEY · Other Energy

Diligence memoA one-page analyst read on SPP Fund II-B, LLC — recommendation, valuation, rhythm, risks.→
$2.8M
Total raised · real
1
Rounds
—
Latest step-up
Top 55%
Sector rank · raised
Seed
Latest stage · inferred · Mon Jun 29 2009 00:00:00 GMT+0000 (Coordinated Universal Time)

SPP Fund II-B, LLC looks fair 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.

Fair
  • Modeled value is 1.44× the median modeled value of Seed Other Energy companies in 2007–2009 (50 peers) — value vs value, same stage and era.
  • Within the normal band (144% of peer median) for its niche.
Dormant
  • Last raise 17.0 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

SPP Fund II-B, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
17.3 yr record
Peak capital year was 2009 with $2.8M across 1 filings.
Market position
ahead of 46% of Other Energy peers
Capital scale is ahead of 46% of Other Energy peers; modeled value is above 65% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2009: $2.8M across 1 filings.
  • Largest single filing was $2.8M on 2009-06-29.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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

SPP Fund II-B, LLC is one of 2049 Other Energy companies tracked from MILL VALLEY. By capital raised it ranks mid-pack (ahead of 46% 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
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$50MSeed · 2009-06-29 Raised $2.8M (real) Modeled valuation $36M (est)$2.8M$36MSeed2009

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$2.8M · 2009

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: 50%.

Modeled valuation trajectory
$36.5M
Base estimate est.
$2.4M
Conservative case
$286.2M
Upside case
$14.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seed — a $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.38×/yr
Annual markup
1.80×/yr upside case
6.0 yr
Elapsed time used
17.0 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
17.3 yr
On record since
2009
First round
1
Rounds on file
How it compares to the market

Benchmarked against 2049 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)▼ 0.8× of median
This company$2.8M
Sector median$3.4M
Latest round — vs other Seed rounds in sector (real $, this stage)▲ 1.7× above median
This company$2.8M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages)▲ 2.1× above median
This company$36.5M
Sector median$17.0M

Raised more than 46% of sector peers (real $). Modeled value above 65% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #10 of 50.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)Heartland Energy Solutions, LLC · Seed Raised $3.9M · modeled $50.9M (est)Western New York Energy Llc · Seed Raised $5.7M · modeled $50.7M (est)Nordic Windpower Ltd. · Seed Raised $7.6M · modeled $49.8M (est)Carbon Green BioEnergy, LLC · Seed Raised $3.7M · modeled $48.0M (est)Newco Environmental, LLC · Seed Raised $3.6M · modeled $46.7M (est)Rochester Resources Ltd · Seed Raised $3.2M · modeled $41.1M (est)Resource Energy Service Corp · Seed Raised $3.0M · modeled $39.3M (est)PetroAlgae Inc. · Seed Raised $3.0M · modeled $38.9M (est)Environmental Power Corp · Seed Raised $3.0M · modeled $38.9M (est)Altra Inc · Seed Raised $2.8M · modeled $36.4M (est)Solar Components, LLC. · Seed Raised $2.8M · modeled $36.3M (est)SPP Fund II-B, LLC (this company) Raised $2.8M · modeled $36.5M (est)SPP Fund II-B, LLC
CompanyStageRaised · realValue · estvs peer med.
Heartland Energy Solutions, LLCSeed$3.9M$50.9M2.01×
Western New York Energy LlcSeed$5.7M$50.7M2.00×
Nordic Windpower Ltd.Seed$7.6M$49.8M1.97×
Carbon Green BioEnergy, LLCSeed$3.7M$48.0M1.90×
Newco Environmental, LLCSeed$3.6M$46.7M1.84×
Rochester Resources LtdSeed$3.2M$41.1M1.62×
Resource Energy Service CorpSeed$3.0M$39.3M1.55×
PetroAlgae Inc.Seed$3.0M$38.9M1.54×
Environmental Power CorpSeed$3.0M$38.9M1.54×
SPP Fund II-B, LLC this companySeed$2.8M$36.5M1.44×
Altra IncSeed$2.8M$36.4M1.43×
Solar Components, LLC.Seed$2.8M$36.3M1.43×
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$2.8M2009-06-29$14.1M$36.5M90%
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$2.8M2009-06-29
    • First recorded raise — entered as Seed.
Intelligence
—
Modeled next raise
$4.5M
Modeled next size est.range $2.9M–$7.2M
—
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
George Robert Powell——2009-06
Registry & provenance

SPP Fund II-B, LLC 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
1468787
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
Altra IncOther EnergySeed$2.8M$36.4Msame sector · same stage
Solar Components, LLC.Other EnergySeed$2.8M$36.3Msame sector · same stage
Terra Caliente LlcOther EnergySeed$2.8M$36.3Msame sector · same stage
Gravitricity LtdOther EnergySeed$2.8M$25.2Msame sector · same stage
Quichapa 3, LLCOther EnergySeed$2.8M$36.8Msame sector · same stage
CleanSpark Holdings LLCOther EnergySeed$2.9M$37.0Msame sector · same stage
MT CB VS CFW Solar X LLCOther EnergySeed$2.9M$37.0Msame sector · same stage
Green Warrior IncOther EnergySeed$2.8M$21.1Msame sector · same stage
Frequently asked
How much funding has SPP Fund II-B, LLC raised?
SPP Fund II-B, LLC has raised approximately $2.8M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is SPP Fund II-B, LLC's estimated valuation?
Provath's modeled valuation for SPP Fund II-B, LLC is approximately $36.5M (modeled range $2.4M–$286.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is SPP Fund II-B, LLC at?
SPP Fund II-B, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Jun 29.
What does SPP Fund II-B, LLC do and where is it based?
SPP Fund II-B, LLC operates in the Other Energy sector, based in MILL VALLEY.
Explore related

See where SPP Fund II-B, LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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