Diligence memo · auto-generated · as of July 2, 2026
Taronis Fuels, Inc.
Taronis Fuels, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Taronis Fuels, Inc. operates in Other Energy, based in Peoria.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Taronis Fuels, Inc. has raised $49M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $17M on 2021-06-04.
Most recent recorded round closed around 2021-06-04.
Valuation (modeled)modeled
Provath models Taronis Fuels, Inc. at approximately $160M (range $39M–$515M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 2 months.
Last raise 5.1 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 9.4× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 90% of Other Energy peers (2049 compared).
Modeled value ranks above 88% of those peers.
Closest niche peers: CalBioGas Investors I LLC, Crown Lng Holdings Llc, PowerTeam Management Feeder, LLC, Monarch Resource Partners Holdings LLC, NG Advantage LLC.
Peoplefiled
16 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.