Companies · Climate / Cleantech

Trillium Renewable Chemicals, Inc.

KNOXVILLE · Climate / Cleantech · refined from filed group “Other

Diligence memoA one-page analyst read on Trillium Renewable Chemicals, Inc. — recommendation, valuation, rhythm, risks.
$18.3M
Total raised · real
3
Rounds
1.0×
Latest step-up
Top 19%
Sector rank · raised
Series A
Latest stage · inferred · Thu Jun 27 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Trillium Renewable Chemicals, Inc. looks fair against its niche peers and is at-risk on financing cadence.

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.

Fair
  • Modeled value is 0.75× the median modeled value of Series A Climate / Cleantech companies in 2022–2024 (15 peers) — value vs value, same stage and era.
  • Within the normal band (75% of peer median) for its niche.
At-risk
  • Last raise 2.0 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

Trillium Renewable Chemicals, Inc. is one of 207 Climate / Cleantech companies tracked from KNOXVILLE. By capital raised it ranks in the upper tier (ahead of 82% 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
2
Investors (latest)
2021
Year incorporated
2024-07-29
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$25M$50M$75M$100MSeed · 2021-02-05 Raised $1.5M (real) Modeled valuation $31M (est)$1.5M$31MSeed2021Series A · 2022-07-20 Raised $7.1M (real) Modeled valuation $72M (est)$7.1M$72MSeries A2022Series A · 2024-06-27 Raised $9.8M (real) Modeled valuation $48M (est)$9.8M$48MSeries A2024Series A · 2024-07-29 Raised $9.8M (real) Modeled valuation $46M (est)$9.8M$46MSeries A2024+$7.1M+$9.8M+$9.8MCumulative $28M

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
Seed$1.5M · 2021
Series A$7.1M · 2022
Series A extension$9.8M · 2024
Series A extension$9.8M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$47.9M
Base estimate est.
$12.2M
Conservative case
$103.9M
Upside case
$44.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the climate/enviro sector profile. Directional, not a quoted figure.

Seed · modeled $31.1M · 2021-02-052021Series A · modeled $72.1M · 2022-07-20Series A · modeled $47.9M · 2024-06-27Series A · modeled $46.3M · 2024-07-292024
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
51%
Survival probability
28% low · 69% high
1.46×/yr
Annual markup
1.84×/yr upside case
2.0 yr
Elapsed time used
2.0 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$5.3M/yr
Capital velocity
5.4 yr
On record since
2021
First round
4
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) 2.3× above median
This company$18.3M
Sector median$8.1M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.3× above median
This company$9.8M
Sector median$7.5M
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$47.9M
Sector median$59.8M

Raised more than 82% of sector peers (real $). Modeled value above 70% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #11 of 15.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Trion Battery Technologies Inc. · Series A Raised $11.1M · modeled $125.4M (est)Climate Club Holdings Pbc · Series A Raised $9.6M · modeled $95.9M (est)WATT · Series A Raised $13.0M · modeled $84.0M (est)Climate Action Reserve LLC · Series A Raised $8.8M · modeled $82.5M (est)Wren Climate, PBC · Series A Raised $6.6M · modeled $81.3M (est)GreenCharge · Series A Raised $15.0M · modeled $78.4M (est)ES Solar Holdings, LLC · Series A Raised $9.7M · modeled $70.2M (est)Prieto Battery, Inc. · Series A Raised $31.8M · modeled $64.0M (est)SoundBoks, Inc. · Series A Raised $8.6M · modeled $63.0M (est)Smart Green Solar Inc. · Series A Raised $10.0M · modeled $56.5M (est)autarc Inc. · Series A Raised $8.8M · modeled $36.4M (est)Trillium Renewable Chemicals, Inc. (this company) Raised $18.3M · modeled $47.9M (est)Trillium Renewable Chemicals, Inc.
CompanyStageRaised · realValue · estvs peer med.
Trion Battery Technologies Inc.Series A$11.1M$125.4M1.96×
Climate Club Holdings PbcSeries A$9.6M$95.9M1.50×
WATTSeries A$13.0M$84.0M1.31×
Climate Action Reserve LLCSeries A$8.8M$82.5M1.29×
Wren Climate, PBCSeries A$6.6M$81.3M1.27×
GreenChargeSeries A$15.0M$78.4M1.23×
ES Solar Holdings, LLCSeries A$9.7M$70.2M1.10×
Prieto Battery, Inc.Series A$31.8M$64.0M1.00×
SoundBoks, Inc.Series A$8.6M$63.0M0.99×
Smart Green Solar Inc.Series A$10.0M$56.5M0.88×
Trillium Renewable Chemicals, Inc. this companySeries A$18.3M$47.9M0.75×
autarc Inc.Series A$8.8M$36.4M0.57×
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.
Seed$1.5M2021-02-05$7.5M$31.1M90%
Series A$7.1M2022-07-20$32.1M$72.1M90%
Series A$9.8M2024-06-27$44.3M$47.9M90%
Series A$9.8M2024-07-29$44.3M$46.3M90%
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. Seed$1.5M2021-02-05
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
  2. Series A$7.1M2022-07-20
    • Raised again after 17 mo — slower than the ~9 mo sector norm.
    • Round 4.7× larger than the prior — scaling up.
    • 2 investors on this round.
  3. Series A$9.8M2024-06-27
    • Raised again after 23 mo — slower than the ~9 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 2 investors on this round.
  4. Series A$9.8M2024-07-29
    • Came back fast: 1 mo vs the ~9 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~14mo cadence
$9.8M
Modeled next size est.range $9.8M$15.6M
1.0×
Last step-up
$5.3M/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
Michael Catalano3 other2021-02
Corey Tyree1 other2021-02
Erik Scher1 other2024-06
Rob Van Der Meij1 other2021-02
Wouter Van De Putte1 other2024-06
Young Joon Lee1 other2022-07
Corinne Augelli-Szafran2024-06
Ian MacDougall2024-06
Josh Carpenter2022-07
Registry & provenance

Trillium Renewable Chemicals, 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
1846016
SEC CIK
2021
Incorporated
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
Trillium Renewable Chemicals, Inc.OtherSeries B$16.0M$60.8Mnetwork4 shared operators
Complete Solar, Inc.Climate / CleantechSeries A$20.4M$244.6Msame sector · same stage
Zitara Technologies, Inc.Climate / CleantechSeries A$16.4M$193.7Msame sector · same stage
Toledo Solar Holdings, Inc.Climate / CleantechSeries A$15.6M$12.6Msame sector · same stage
GreenChargeClimate / CleantechSeries A$15.0M$78.4Msame sector · same stage
SunCultureClimate / CleantechSeries A$14.0M$262.4Msame sector · same stage
DodaiClimate / CleantechSeries A$13.0M$31.5Msame sector · same stage
WATTClimate / CleantechSeries A$13.0M$84.0Msame sector · 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
Trinary Solar Group IV LLCOther EnergyPre-Seed$6.3M83%
Trinary Solar Group III LLCOther EnergySeries A$52.4M83%
Trinary Solar Group LLCOther EnergySeed$10.4M83%
Trinary Solar Group VIII LLCOther EnergySeed$9.8M83%
Trinary Solar Group II LLCOther EnergySeries A$58.2M83%
Trinary Solar Group VOther EnergySeed$8.8M80%
Solar Topco, Inc.Climate / CleantechGrowth/Late$10.9B80%
Trillium Agriculture, Inc.BiotechnologyPre-Seed$41.4M80%
Frequently asked
How much funding has Trillium Renewable Chemicals, Inc. raised?
Trillium Renewable Chemicals, Inc. has raised approximately $18.3M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Trillium Renewable Chemicals, Inc.'s estimated valuation?
Provath's modeled valuation for Trillium Renewable Chemicals, Inc. is approximately $47.9M (modeled range $12.2M–$103.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Trillium Renewable Chemicals, Inc. at?
Trillium Renewable Chemicals, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Jun 27.
What does Trillium Renewable Chemicals, Inc. do and where is it based?
Trillium Renewable Chemicals, Inc. operates in the Climate / Cleantech sector, based in KNOXVILLE.
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