Diligence memo · auto-generated · as of July 2, 2026
TWO RIVERS WATER Co
TWO RIVERS WATER Co looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
TWO RIVERS WATER Co operates in Agriculture, based in DENVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
TWO RIVERS WATER Co has raised $21M in disclosed capital across 7 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.3M on 2011-06-29.
Most recent recorded round closed around 2012-10-26.
Valuation (modeled)modeled
Provath models TWO RIVERS WATER Co at approximately $44M (range $6.5M–$237M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.00× the median modeled value of Series A Agriculture companies in 2010–2012 (19 peers) — value vs value, same stage and era. Within the normal band (100% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 6 months.
Last raise 13.7 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.1× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 88% of Agriculture peers (1056 compared).
Modeled value ranks above 80% of those peers.
Closest niche peers: Iowa Northern Railway Co, Advanced BioEnergy, LLC, Ploeger Oxbo Group B.V., Sand Springs Lp, Union Agriculture Group Corp..
Peoplefiled
17 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.