Companies · Other Energy

Tendril Networks, Inc.

BOULDER · Other Energy

Diligence memoA one-page analyst read on Tendril Networks, Inc. — recommendation, valuation, rhythm, risks.
$162.3M
Total raised · real
11
Rounds
1.0×
Latest step-up
Top 4%
Sector rank · raised
Series B
Latest stage · inferred · Mon May 01 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Tendril Networks, 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 0.26× the median modeled value of Series B Other Energy companies in 2016–2018 (26 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.2 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

Tendril Networks, Inc. is one of 2049 Other Energy companies tracked from BOULDER. By capital raised it ranks among the largest (ahead of 97% 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
9
Investors (latest)
2017-05-01
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$125M$250M$375M$500MSeries B · 2009-05-06 Raised $19M (real) Modeled valuation $222M (est)Series B2009Series B · 2010-09-27 Raised $10M (real) Modeled valuation $119M (est)Series B2010Series B · 2010-10-20 Raised $15M (real) Modeled valuation $175M (est)Series B2010Series B · 2010-10-20 Raised $25M (real) Modeled valuation $293M (est)Series B2010Series B · 2010-10-20 Raised $4.8M (real) Modeled valuation $55M (est)Series B2010Series B · 2011-12-30 Raised $14M (real) Modeled valuation $159M (est)Series B2011Series B · 2012-05-01 Raised $25M (real) Modeled valuation $290M (est)Series B2012Series B · 2012-09-10 Raised $7.8M (real) Modeled valuation $91M (est)Series B2012Series B · 2013-02-08 Raised $15M (real) Modeled valuation $177M (est)Series B2013Series B · 2014-11-24 Raised $31M (real) Modeled valuation $358M (est)Series B2014Series B · 2014-11-24 Raised $23M (real) Modeled valuation $264M (est)Series B2014Series B · 2017-02-03 Raised $5.0M (real) Modeled valuation $58M (est)Series B2017Series B · 2017-05-01 Raised $5.1M (real) Modeled valuation $59M (est)Series B2017Cumulative $200M

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
Series B$19.1M · 2009
Series B extension$10.3M · 2010
Series B extension$15.1M · 2010
Series B extension$25.3M · 2010
Series B extension$4.8M · 2010
Series B extension$13.7M · 2011
Series B extension$25.0M · 2012
Series B extension$7.8M · 2012
Series B extension$15.3M · 2013
Series B extension$30.9M · 2014
Series B extension$22.8M · 2014
Series B extension$5.0M · 2017
Series B extension$5.1M · 2017

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$59.0M
Base estimate est.
$12.1M
Conservative case
$226.9M
Upside case
$28.2M
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.

Series B · modeled $222.2M · 2009-05-062009Series B · modeled $119.2M · 2010-09-27Series B · modeled $175.3M · 2010-10-20Series B · modeled $293.3M · 2010-10-20Series B · modeled $55.1M · 2010-10-20Series B · modeled $159.2M · 2011-12-30Series B · modeled $290.4M · 2012-05-01Series B · modeled $90.9M · 2012-09-10Series B · modeled $177.4M · 2013-02-08Series B · modeled $358.0M · 2014-11-24Series B · modeled $264.3M · 2014-11-24Series B · modeled $58.5M · 2017-02-03Series B · modeled $59.0M · 2017-05-012017
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
6.0 yr
Elapsed time used
9.2 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$20.3M/yr
Capital velocity
17.2 yr
On record since
2009
First round
13
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) 47× above median
This company$162.3M
Sector median$3.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.3× of median
This company$5.1M
Sector median$19.1M
Modeled value — vs sector median (estimate, all stages) 3.5× above median
This company$59.0M
Sector median$17.0M

Raised more than 97% of sector peers (real $). Modeled value above 75% 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 #20 of 26.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Tailwind Loenbro Holdings, Inc. · Series B Raised $39.6M · modeled $459.8M (est)VLUX Ltd · Series B Raised $33.5M · modeled $389.1M (est)Power It Perfect, Inc. · Series B Raised $30.5M · modeled $348.1M (est)Upower, Inc. · Series B Raised $25.5M · modeled $290.1M (est)Brothers Investment Group International LLC · Series B Raised $25.0M · modeled $290.1M (est)Alphabet Energy, Inc. · Series B Raised $46.5M · modeled $274.7M (est)Enchanted Rock Holdings, LLC · Series B Raised $23.6M · modeled $273.6M (est)Xl Hybrids Inc · Series B Raised $43.0M · modeled $258.0M (est)Eos Energy Storage LLC · Series B Raised $43.7M · modeled $257.9M (est)Buffalo Sand, LP · Series B Raised $21.0M · modeled $243.7M (est)Mississippi Sand Investors, LLC · Series B Raised $21.0M · modeled $243.6M (est)Bayou Sand Investors, LLC · Series B Raised $19.9M · modeled $231.3M (est)Tendril Networks, Inc. (this company) Raised $162.3M · modeled $59.0M (est)Tendril Networks, Inc.
CompanyStageRaised · realValue · estvs peer med.
Tailwind Loenbro Holdings, Inc.Series B$39.6M$459.8M2.04×
VLUX LtdSeries B$33.5M$389.1M1.72×
Power It Perfect, Inc.Series B$30.5M$348.1M1.54×
Upower, Inc.Series B$25.5M$290.1M1.28×
Brothers Investment Group International LLCSeries B$25.0M$290.1M1.28×
Alphabet Energy, Inc.Series B$46.5M$274.7M1.22×
Enchanted Rock Holdings, LLCSeries B$23.6M$273.6M1.21×
Xl Hybrids IncSeries B$43.0M$258.0M1.14×
Eos Energy Storage LLCSeries B$43.7M$257.9M1.14×
Buffalo Sand, LPSeries B$21.0M$243.7M1.08×
Mississippi Sand Investors, LLCSeries B$21.0M$243.6M1.08×
Bayou Sand Investors, LLCSeries B$19.9M$231.3M1.02×
Tendril Networks, Inc. this companySeries B$162.3M$59.0M0.26×
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.
Series B$19.1M2009-05-06$106.4M$222.2M85%
Series B$10.3M2010-09-27$57.1M$119.2M85%
Series B$15.1M2010-10-20$84.0M$175.3M85%
Series B$25.3M2010-10-20$140.5M$293.3M85%
Series B$4.8M2010-10-20$26.4M$55.1M85%
Series B$13.7M2011-12-30$76.2M$159.2M85%
Series B$25.0M2012-05-01$139.0M$290.4M85%
Series B$7.8M2012-09-10$43.5M$90.9M85%
Series B$15.3M2013-02-08$84.9M$177.4M85%
Series B$30.9M2014-11-24$171.4M$358.0M85%
Series B$22.8M2014-11-24$126.6M$264.3M85%
Series B$5.0M2017-02-03$28.0M$58.5M90%
Series B$5.1M2017-05-01$28.2M$59.0M90%
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. Series B$19.1M2009-05-06
    • First recorded raise — entered as Series B.
    • 5 investors on this round.
  2. Series B$10.3M2010-09-27
    • Raised 17 mo later, in step with the ~12 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  3. Series B$15.1M2010-10-20
    • Came back fast: 1 mo vs the ~12 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 6 investors on this round.
  4. Series B$25.3M2010-10-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× larger than the prior — scaling up.
    • 16 investors on this round.
  5. Series B$4.8M2010-10-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.3× smaller than the prior — bridge or down round.
    • 25 investors on this round.
  6. Series B$13.7M2011-12-30
    • Raised 14 mo later, in step with the ~12 mo sector norm.
    • Round 2.9× larger than the prior — scaling up.
    • 7 investors on this round.
  7. Series B$25.0M2012-05-01
    • Came back fast: 4 mo vs the ~12 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 9 investors on this round.
  8. Series B$7.8M2012-09-10
    • Came back fast: 4 mo vs the ~12 mo sector norm.
    • Round 3.2× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  9. Series B$15.3M2013-02-08
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 7 investors on this round.
  10. Series B$30.9M2014-11-24
    • Raised again after 21 mo — slower than the ~12 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 8 investors on this round.
  11. Series B$22.8M2014-11-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  12. Series B$5.0M2017-02-03
    • Raised again after 26 mo — slower than the ~12 mo sector norm.
    • Round 4.5× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  13. Series B$5.1M2017-05-01
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 9 investors on this round.
Intelligence
2017 ~Q4
Modeled next raise · ~8mo cadence
$5.1M
Modeled next size est.range $5.1M$8.2M
1.0×
Last step-up
$20.3M/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
Lee Burrows6 other2012-09
Gerd Goette5 other2014-11
Andrew Zalasin2 other2010-10
Chris Black2 other2014-11
Greg Kats2 other2010-10
Mark Pougnet2 other2009-05
THOMAS R MCDANIEL2 other2014-11
Adrian Tuck1 other2009-05
George S. Coelho1 other2017-02
Gerd S. Goette1 other2017-02
Harsh Patel1 other2009-05
Ivo Steklac1 other2011-12
Kent Dickson1 other2011-12
Robert Gill1 other2010-09
Stephan Dolezalek1 other2009-05
Timothy Enwall1 other2009-05
Amy Marmolejo2014-11
Amy S. Marmolejo2017-02
Catharine Merigold2009-05
Cindi R. Choi2017-02
David Rayner2011-12
David R. Grant2017-02
David R. Tuohy2017-02
George Coelho2011-12
Registry & provenance

Tendril Networks, 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
1307475
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
Rhombus Energy Solutions, Inc.Other EnergySeries B$23.1M$34.0Mnetwork2 shared operators · same sector · same stage
Infinite Invention, Inc.Other EnergySeries B$65.4M$172.4Mnetwork1 shared operator · same sector · same stage
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Aquion Energy, Inc.Other EnergySeries C$181.2M$397.5Mnetwork1 shared operator · same sector
VionX Energy CorpOther EnergySeries C$144.0M$12.0Mnetwork1 shared operator · same sector
Premium Power CorpOther EnergySeries B$19.5M$7.0Mnetwork1 shared operator · same sector · same stage
Tendril Holdings, LLCOther EnergySeries D+$246.3M$443.0Mnetwork1 shared operator · same sector
Next Step Living, Inc.Energy ConservationSeries B$167.3M$102.0Mnetwork1 shared operator · 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
Tendril Holdings, LLCOther EnergySeries D+$443.0M95%
RigNet, Inc.Other EnergySeed$51.9M83%
FastCAP Systems CorpOther EnergySeries C$347.9M82%
Energy Intelligence, Inc.Other EnergyPre-Seed$2.3M82%
Smart Wires Inc.Other EnergySeries C$516.2M82%
Syncwatt, IncOther EnergySeries D+$1.8B82%
Polar Power, Inc.Other EnergySeed$36.5M82%
PTT Distributed Energy Systems, LLCOther EnergyPre-Seed$1.8M82%
Frequently asked
How much funding has Tendril Networks, Inc. raised?
Tendril Networks, Inc. has raised approximately $162.3M in disclosed capital across 11 recorded financing rounds, aggregated from public filings.
What is Tendril Networks, Inc.'s estimated valuation?
Provath's modeled valuation for Tendril Networks, Inc. is approximately $59.0M (modeled range $12.1M–$226.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tendril Networks, Inc. at?
Tendril Networks, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Mon May 01.
What does Tendril Networks, Inc. do and where is it based?
Tendril Networks, Inc. operates in the Other Energy sector, based in BOULDER.
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