Companies · Other Energy

Taronis Fuels, Inc.

Peoria · Other Energy

Diligence memoA one-page analyst read on Taronis Fuels, Inc. — recommendation, valuation, rhythm, risks.
$49.1M
Total raised · real
6
Rounds
9.4×
Latest step-up
Top 11%
Sector rank · raised
Series B
Latest stage · inferred · Fri Jun 04 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Taronis Fuels, Inc. 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 0.78× the median modeled value of Series B Other Energy companies in 2019–2021 (30 peers) — value vs value, same stage and era.
  • Within the normal band (78% of peer median) for its niche.
Dormant
  • Last raise 5.1 yr ago; this sector typically re-raises about every 12 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 Other Energy

Taronis Fuels, Inc. is one of 2048 Other Energy companies tracked from Peoria. By capital raised it ranks among the largest (ahead of 90% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
40
Investors (latest)
2017
Year incorporated
2021-06-04
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 · 2020-06-10 Raised $900K (real) Modeled valuation $15M (est)$900K$15MPre-Seed2020Series A · 2020-07-24 Raised $6.7M (real) Modeled valuation $69M (est)$6.7M$69MSeries A2020Series A · 2020-10-14 Raised $11M (real) Modeled valuation $107M (est)$11M$107MSeries A2020Series A · 2020-11-18 Raised $12M (real) Modeled valuation $119M (est)$12M$119MSeries A2020Series A · 2021-02-26 Raised $1.8M (real) Modeled valuation $16M (est)$1.8M$16MSeries A2021Series B · 2021-06-04 Raised $17M (real) Modeled valuation $160M (est)$17M$160MSeries B2021+$6.7M+$11M+$12M+$1.8M+$17MCumulative $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$900K · 2020
Series A$6.7M · 2020no Seed on file
Series A extension$10.8M · 2020
Series A extension$12.4M · 2020
Series A extension$1.8M · 2021
Series B$16.5M · 2021

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
$159.7M
Base estimate est.
$39.2M
Conservative case
$514.8M
Upside case
$91.7M
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 energy sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $14.5M · 2020-06-102020Series A · modeled $69.3M · 2020-07-24Series A · modeled $106.7M · 2020-10-14Series A · modeled $119.1M · 2020-11-18Series A · modeled $15.8M · 2021-02-26Series B · modeled $159.7M · 2021-06-042021
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 79% high
1.22×/yr
Annual markup
1.47×/yr upside case
5.1 yr
Elapsed time used
5.1 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
2 mo
Avg between rounds
$49.9M/yr
Capital velocity
6.1 yr
On record since
2020
First round
6
Rounds on file
How it compares to the market

Benchmarked against 2048 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) 14× above median
This company$49.1M
Sector median$3.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.9× of median
This company$16.5M
Sector median$19.1M
Modeled value — vs sector median (estimate, all stages) 9.4× above median
This company$159.7M
Sector median$17.0M

Raised more than 90% of sector peers (real $). Modeled value above 88% 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 company ranks #24 of 30.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)CalBioGas Investors I LLC · Series B Raised $35.6M · modeled $412.9M (est)Crown Lng Holdings Llc · Series B Raised $40.0M · modeled $407.2M (est)PowerTeam Management Feeder, LLC · Series B Raised $30.2M · modeled $349.9M (est)Monarch Resource Partners Holdings LLC · Series B Raised $36.6M · modeled $320.7M (est)NG Advantage LLC · Series B Raised $50.6M · modeled $309.5M (est)Sunshine Silver Mining & Refining Corp · Series B Raised $37.0M · modeled $292.3M (est)BayoTech Holdings, LLC · Series B Raised $40.0M · modeled $286.5M (est)Resource Anadarko Royalties LLC · Series B Raised $23.8M · modeled $275.6M (est)Fuel Tech, Inc. · Series B Raised $25.8M · modeled $265.4M (est)Natural Power Concepts Commercial Inc. · Series B Raised $22.0M · modeled $255.2M (est)BHP Capital, Inc. · Series B Raised $22.0M · modeled $233.1M (est)Old Falls Group, LLC · Series B Raised $20.0M · modeled $232.1M (est)Taronis Fuels, Inc. (this company) Raised $49.1M · modeled $159.7M (est)Taronis Fuels, Inc.
CompanyStageRaised · realValue · estvs peer med.
CalBioGas Investors I LLCSeries B$35.6M$412.9M2.02×
Crown Lng Holdings LlcSeries B$40.0M$407.2M1.99×
PowerTeam Management Feeder, LLCSeries B$30.2M$349.9M1.71×
Monarch Resource Partners Holdings LLCSeries B$36.6M$320.7M1.57×
NG Advantage LLCSeries B$50.6M$309.5M1.51×
Sunshine Silver Mining & Refining CorpSeries B$37.0M$292.3M1.43×
BayoTech Holdings, LLCSeries B$40.0M$286.5M1.40×
Resource Anadarko Royalties LLCSeries B$23.8M$275.6M1.35×
Fuel Tech, Inc.Series B$25.8M$265.4M1.30×
Natural Power Concepts Commercial Inc.Series B$22.0M$255.2M1.25×
BHP Capital, Inc.Series B$22.0M$233.1M1.14×
Old Falls Group, LLCSeries B$20.0M$232.1M1.13×
Taronis Fuels, Inc. this companySeries B$49.1M$159.7M0.78×
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$900K2020-06-10$5.0M$14.5M90%
Series A$6.7M2020-07-24$30.3M$69.3M90%
Series A$10.8M2020-10-14$49.3M$106.7M90%
Series A$12.4M2020-11-18$56.4M$119.1M90%
Series A$1.8M2021-02-26$8.0M$15.8M90%
Series B$16.5M2021-06-04$91.7M$159.7M90%
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. Pre-Seed$900K2020-06-10
    • First recorded raise — entered as Pre-Seed.
    • 7 investors on this round.
  2. Series A$6.7M2020-07-24
    • Came back fast: 1 mo vs the ~12 mo sector norm.
    • Round 7.4× larger than the prior — scaling up.
    • 25 investors on this round.
  3. Series A$10.8M2020-10-14
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 15 investors on this round.
  4. Series A$12.4M2020-11-18
    • Came back fast: 1 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 41 investors on this round.
  5. Series A$1.8M2021-02-26
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round 7.0× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  6. Series B$16.5M2021-06-04
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round 9.4× larger than the prior — scaling up.
    • 40 investors on this round.
Intelligence
2021 ~Q3
Modeled next raise · ~2mo cadence
$49.5M
Modeled next size est.range $32.2M$79.2M
9.4×
Last step-up
$49.9M/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
Kevin Pollack1 other2020-06
Robert Dingess1 other2020-06
Scott Mahoney1 other2020-06
William Staunton1 other2020-06
Andrew J. McCormick2021-06
Edward Fred2021-02
Leslie J. Graff2021-06
Mary Patricia Thompson2020-11
Mary Pat W. Thompson2021-06
Peter Molloy2020-06
Peter W. Molloy2021-06
Richard L. Steinseifer2021-06
Sergey W. Vasnetsov2021-06
Thomas W. Wetherald2021-06
Tobias W. Welo2021-06
Tyler Wilson2020-06
Registry & provenance

Taronis Fuels, 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
1778805
SEC CIK
2017
Incorporated
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Semantically similar

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Sora Fuel CorpOther EnergySeries A$37.3M85%
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Frequently asked
How much funding has Taronis Fuels, Inc. raised?
Taronis Fuels, Inc. has raised approximately $49.1M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Taronis Fuels, Inc.'s estimated valuation?
Provath's modeled valuation for Taronis Fuels, Inc. is approximately $159.7M (modeled range $39.2M–$514.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Taronis Fuels, Inc. at?
Taronis Fuels, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Jun 04.
What does Taronis Fuels, Inc. do and where is it based?
Taronis Fuels, Inc. operates in the Other Energy sector, based in Peoria.
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