Companies · Climate / Cleantech

Swift Solar Inc.

SAN CARLOS · Climate / Cleantech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Swift Solar Inc. — recommendation, valuation, rhythm, risks.
$44.6M
Total raised · real
6
Rounds
5.9×
Latest step-up
Top 14%
Sector rank · raised
Series B
Latest stage · inferred · Wed Dec 06 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Swift Solar Inc. has raised $45M over 6 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the climate/enviro sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

At-risk
  • Last raise 2.6 yr ago; this sector typically re-raises about every 9 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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 Climate / Cleantech

Swift Solar Inc. is one of 207 Climate / Cleantech companies tracked from SAN CARLOS. By capital raised it ranks in the upper tier (ahead of 87% 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.

climate/cleantech

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
12
Investors (latest)
2023-12-06
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$200MPre-Seed · 2018-06-19 Raised $600K (real) Modeled valuation $20M (est)Pre-Seed2018Series A · 2018-12-20 Raised $6.6M (real) Modeled valuation $146M (est)Series A2018Series A · 2018-12-20 Raised $4.6M (real) Modeled valuation $102M (est)Series A2018Series A · 2020-11-30 Raised $8.2M (real) Modeled valuation $154M (est)Series A2020Series A · 2021-03-02 Raised $399K (real) Modeled valuation $6.8M (est)Series A2021Series A · 2021-03-26 Raised $4.2M (real) Modeled valuation $70M (est)Series A2021Series B · 2023-12-06 Raised $25M (real) Modeled valuation $197M (est)Series B2023+$6.6M+$4.6M+$8.2M+$399K+$4.2M+$25MCumulative $49M

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
Pre-Seed$600K · 2018
Series A$6.6M · 2018no Seed on file
Series A extension$4.6M · 2018
Series A extension$8.2M · 2020
Series A extension$399K · 2021
Series A extension$4.2M · 2021
Series B$24.6M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$196.5M
Base estimate est.
$56.6M
Conservative case
$392.2M
Upside case
$136.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the climate/enviro sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $20.2M · 2018-06-192018Series A · modeled $146.4M · 2018-12-20Series A · modeled $101.6M · 2018-12-20Series A · modeled $154.1M · 2020-11-30Series A · modeled $6.8M · 2021-03-02Series A · modeled $70.3M · 2021-03-26Series B · modeled $196.5M · 2023-12-062023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
63%
Survival probability
41% low · 76% high
1.38×/yr
Annual markup
1.67×/yr upside case
2.6 yr
Elapsed time used
2.6 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$8.2M/yr
Capital velocity
8.0 yr
On record since
2018
First round
7
Rounds on file
How it compares to the market

Benchmarked against 207 companies in Climate / Cleantech. 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) 5.5× above median
This company$44.6M
Sector median$8.1M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.8× above median
This company$24.6M
Sector median$13.9M
Modeled value — vs sector median (estimate, all stages) 3.3× above median
This company$196.5M
Sector median$59.7M

Raised more than 87% of sector peers (real $). Modeled value above 85% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Sunfolding, Inc. · Series B Raised $49.7M · modeled $234.0M (est)Global Weather & Climate Solutions, Inc. · Series B Raised $27.8M · modeled $12.4M (est)Swift Solar Inc. (this company) Raised $44.6M · modeled $196.5M (est)Swift Solar Inc.
CompanyStageRaised · realValue · estvs peer med.
Sunfolding, Inc.Series B$49.7M$234.0M1.19×
Swift Solar Inc. this companySeries B$44.6M$196.5M1.00×
Global Weather & Climate Solutions, Inc.Series B$27.8M$12.4M0.06×
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.
Pre-Seed$600K2018-06-19$3.3M$20.2M90%
Series A$6.6M2018-12-20$30.1M$146.4M90%
Series A$4.6M2018-12-20$20.9M$101.6M90%
Series A$8.2M2020-11-30$37.1M$154.1M90%
Series A$399K2021-03-02$1.8M$6.8M90%
Series A$4.2M2021-03-26$19.1M$70.3M90%
Series B$24.6M2023-12-06$136.8M$196.5M90%
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. Pre-Seed$600K2018-06-19
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Series A$6.6M2018-12-20
    • Raised 6 mo later, in step with the ~9 mo sector norm.
    • Round 11.0× larger than the prior — scaling up.
    • 13 investors on this round.
  3. Series A$4.6M2018-12-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Series A$8.2M2020-11-30
    • Raised again after 23 mo — slower than the ~9 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 13 investors on this round.
  5. Series A$399K2021-03-02
    • Came back fast: 3 mo vs the ~9 mo sector norm.
    • Round 20.5× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  6. Series A$4.2M2021-03-26
    • Came back fast: 1 mo vs the ~9 mo sector norm.
    • Round 10.5× larger than the prior — scaling up.
    • 1 investor on this round.
  7. Series B$24.6M2023-12-06
    • Raised again after 32 mo — slower than the ~9 mo sector norm.
    • Round 5.9× larger than the prior — scaling up.
    • 12 investors on this round.
Intelligence
2024 ~Q4
Modeled next raise · ~11mo cadence
$73.9M
Modeled next size est.range $48.0M$118.2M
5.9×
Last step-up
$8.2M/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
Amrit Jalan1 other2023-12
James Fickel2018-12
Jean Joel2021-03
Joel Jean2018-06
Tomas Leijtens2018-12
Registry & provenance

Swift Solar 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
1740807
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
Sunfolding, Inc.Climate / CleantechSeries B$49.7M$234.0Msame sector · same stage
Daystar PowerClimate / CleantechSeries B$38.0M$774.4Msame sector · same stage
Carbon Capture, Inc.Climate / CleantechSeries B$35.0M$570.4Msame sector · same stage
WetilityClimate / CleantechSeries B$27.8M$135.0Msame sector · same stage
Global Weather & Climate Solutions, Inc.Climate / CleantechSeries B$27.8M$12.4Msame sector · same stage
GaussionClimate / CleantechSeries B$26.7M$92.9Msame sector · same stage
Soteria Battery Innovation Group Inc.Climate / CleantechSeries B$24.4M$6.3Msame sector · same stage
Continental Battery Holding Corp.Climate / CleantechSeries C$42.5M$1.1Bsame sector
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
Aurora Solar Inc.Climate / CleantechSeries D+$3.5B88%
Smart Green Solar Inc.Climate / CleantechSeries A$56.5M86%
Ascent Solar Technologies, Inc.Climate / CleantechSeries B$40.0M86%
Toledo Solar, Inc.Climate / CleantechSeries A$45.5M85%
Solar Tech Energy Systems, Inc.Other EnergySeed$4.0M85%
New York Solar Maintenance, LLCOther EnergyPre-Seed$2.0M85%
Target Solar, LLCClimate / CleantechPre-Seed$10.1M84%
Complete Solar, Inc.Climate / CleantechSeries A$244.6M84%
Frequently asked
How much funding has Swift Solar Inc. raised?
Swift Solar Inc. has raised approximately $44.6M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Swift Solar Inc.'s estimated valuation?
Provath's modeled valuation for Swift Solar Inc. is approximately $196.5M (modeled range $56.6M–$392.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Swift Solar Inc. at?
Swift Solar Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Dec 06.
What does Swift Solar Inc. do and where is it based?
Swift Solar Inc. operates in the Climate / Cleantech sector, based in SAN CARLOS.
Explore related

See where Swift Solar Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Swift Solar Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.