Diligence memo · auto-generated · as of July 3, 2026
Terrestrial Energy Inc.
Terrestrial Energy Inc. looks fair against its niche peers and is active on financing cadence.
Businessfiled
Terrestrial Energy Inc. operates in Other Energy, based in OAKVILLE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Terrestrial Energy Inc. has raised $131M in disclosed capital across 17 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $26M on 2025-07-01.
Most recent recorded round closed around 2025-07-01.
Valuation (modeled)modeled
Provath models Terrestrial Energy Inc. at approximately $113M (range $61M–$167M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.17× the median modeled value of Series B Other Energy companies in 2025–2027 (25 peers) — value vs value, same stage and era. Within the normal band (117% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 8 months.
Last raise 12 mo ago; this sector typically re-raises about every 12 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 1.7× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 96% of Other Energy peers (2049 compared).
Modeled value ranks above 84% of those peers.
Closest niche peers: American Resources Corp, Realta Fusion Inc., e2 Companies LLC, Sinda Ltd., Cig Cs3, Llc.
Peoplefiled
11 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.