Companies · Other Energy

UGE International Ltd.

Toronto · Other Energy

Diligence memoA one-page analyst read on UGE International Ltd. — recommendation, valuation, rhythm, risks.
$2.9M
Total raised · real
5
Rounds
1.0×
Latest step-up
Top 55%
Sector rank · raised
Seed
Latest stage · inferred · Fri Dec 22 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

UGE International Ltd. looks under-valued 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 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 0.29× the median modeled value of Seed Other Energy companies in 2022–2024 (73 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.5 yr ago; this sector typically re-raises about every 12 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 Other Energy

UGE International Ltd. is one of 2049 Other Energy companies tracked from Toronto. By capital raised it ranks mid-pack (ahead of 46% of sector peers), and in the long tail 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
14
Investors (latest)
2023-12-22
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$5.0M$10M$15M$20MSeed · 2015-03-16 Raised $1.4M (real) Modeled valuation $19M (est)Seed2015Seed · 2015-03-16 Raised $1.4M (real) Modeled valuation $19M (est)Seed2015Seed · 2022-09-29 Raised $145K (real) Modeled valuation $917K (est)Seed2022Pre-Seed · 2022-09-29 Raised $145K (real) Modeled valuation $982K (est)Pre-Seed2022Seed · 2022-11-28 Raised $161K (real) Modeled valuation $967K (est)Seed2022Pre-Seed · 2022-11-28 Raised $161K (real) Modeled valuation $1.0M (est)Pre-Seed2022Seed · 2023-03-30 Raised $583K (real) Modeled valuation $3.1M (est)Seed2023Seed · 2023-12-22 Raised $546K (real) Modeled valuation $2.3M (est)Seed2023Pre-Seed · 2023-12-22 Raised $546K (real) Modeled valuation $2.3M (est)Pre-Seed2023+$1.4M+$145K+$145K+$161K+$161K+$583K+$546K+$546KCumulative $5.1M

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$1.4M · 2015
Seed extension$1.4M · 2015
Seed extension$145K · 2022
Bridge · Seed-stage$145K · 2022smaller follow-on
Seed extension$161K · 2022
Bridge · Seed-stage$161K · 2022smaller follow-on
Seed extension$583K · 2023
Seed extension$546K · 2023
Bridge · Seed-stage$546K · 2023smaller follow-on

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$2.3M
Base estimate est.
$467K
Conservative case
$7.2M
Upside case
$2.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Seed · modeled $18.5M · 2015-03-162015Seed · modeled $18.5M · 2015-03-16Seed · modeled $917K · 2022-09-29Pre-Seed · modeled $982K · 2022-09-29Seed · modeled $967K · 2022-11-28Pre-Seed · modeled $1.0M · 2022-11-28Seed · modeled $3.1M · 2023-03-30Seed · modeled $2.3M · 2023-12-22Pre-Seed · modeled $2.3M · 2023-12-222023
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.38×/yr
Annual markup
1.80×/yr upside case
2.5 yr
Elapsed time used
2.5 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$326K/yr
Capital velocity
11.3 yr
On record since
2015
First round
9
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) 0.8× of median
This company$2.9M
Sector median$3.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.3× of median
This company$546K
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$2.3M
Sector median$17.0M

Raised more than 46% of sector peers (real $). Modeled value above 11% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #71 of 73.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Mes Investors, Llc · Seed Raised $3.5M · modeled $24.0M (est)Zero Emission Industries, Inc. · Seed Raised $3.7M · modeled $24.0M (est)IntriEnergy, Inc. · Seed Raised $4.0M · modeled $22.4M (est)Quino Energy, Inc. · Seed Raised $3.4M · modeled $22.0M (est)GeoGenCo USA LLC · Seed Raised $2.6M · modeled $18.7M (est)AmmPower Corp. · Seed Raised $2.4M · modeled $18.3M (est)Nikola Power Corp · Seed Raised $2.8M · modeled $18.1M (est)Texas Green Energy, LLC · Seed Raised $3.4M · modeled $17.1M (est)Oodles Energy, Inc. · Seed Raised $3.2M · modeled $16.4M (est)Conquer AP4, LLC · Seed Raised $4.0M · modeled $15.7M (est)Source Energy Co · Seed Raised $4.2M · modeled $15.5M (est)Pan American Energy Corp. (Canada) · Seed Raised $8.7M · modeled $15.4M (est)UGE International Ltd. (this company) Raised $2.9M · modeled $2.3M (est)UGE International Ltd.
CompanyStageRaised · realValue · estvs peer med.
Mes Investors, LlcSeed$3.5M$24.0M2.96×
Zero Emission Industries, Inc.Seed$3.7M$24.0M2.96×
IntriEnergy, Inc.Seed$4.0M$22.4M2.77×
Quino Energy, Inc.Seed$3.4M$22.0M2.72×
GeoGenCo USA LLCSeed$2.6M$18.7M2.31×
AmmPower Corp.Seed$2.4M$18.3M2.26×
Nikola Power CorpSeed$2.8M$18.1M2.24×
Texas Green Energy, LLCSeed$3.4M$17.1M2.11×
Oodles Energy, Inc.Seed$3.2M$16.4M2.03×
Conquer AP4, LLCSeed$4.0M$15.7M1.94×
Source Energy CoSeed$4.2M$15.5M1.92×
Pan American Energy Corp. (Canada)Seed$8.7M$15.4M1.91×
UGE International Ltd. this companySeed$2.9M$2.3M0.29×
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$1.4M2015-03-16$7.1M$18.5M85%
Seed$1.4M2015-03-16$7.1M$18.5M85%
Seed$145K2022-09-29$725K$917K90%
Pre-Seed$145K2022-09-29$806K$982K90%
Seed$161K2022-11-28$805K$967K90%
Pre-Seed$161K2022-11-28$894K$1.0M90%
Seed$583K2023-03-30$2.9M$3.1M90%
Seed$546K2023-12-22$2.7M$2.3M90%
Pre-Seed$546K2023-12-22$3.0M$2.3M90%
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$1.4M2015-03-16
    • First recorded raise — entered as Seed.
    • 25 investors on this round.
  2. Seed$1.4M2015-03-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 505).
    • 25 investors on this round.
  3. Seed$145K2022-09-29
    • Raised again after 90 mo — slower than the ~12 mo sector norm.
    • Round 9.8× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  4. Pre-Seed$145K2022-09-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 5 investors on this round.
  5. Seed$161K2022-11-28
    • Came back fast: 2 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 4 investors on this round.
  6. Pre-Seed$161K2022-11-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 4 investors on this round.
  7. Seed$583K2023-03-30
    • Came back fast: 4 mo vs the ~12 mo sector norm.
    • Round 3.6× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 6 investors on this round.
  8. Seed$546K2023-12-22
    • Raised 9 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 14 investors on this round.
  9. Pre-Seed$546K2023-12-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 14 investors on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~13mo cadence
$546K
Modeled next size est.range $546K$874K
1.0×
Last step-up
$326K/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
Stephen Markscheid2 other2022-09
Jian Yang1 other2015-03
Matthew Watson1 other2015-03
Scot Melland1 other2023-12
Stephen Blum1 other2022-09
Arthur Aylesworth2015-03
Brandon McNeil2023-12
Chris Asimakis2022-09
Crescent Varrone2015-03
John Michael Barnsley2015-03
Nicolas Blitterswyk2015-03
Robert Van Duynhoven2022-09
Stephanie Bird2022-09
Xiangrong Xie2015-03
Yun "Wendy" Liu2022-09
Registry & provenance

UGE International Ltd. 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
1638298
SEC CIK
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Frequently asked
How much funding has UGE International Ltd. raised?
UGE International Ltd. has raised approximately $2.9M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is UGE International Ltd.'s estimated valuation?
Provath's modeled valuation for UGE International Ltd. is approximately $2.3M (modeled range $467K–$7.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is UGE International Ltd. at?
UGE International Ltd.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Dec 22.
What does UGE International Ltd. do and where is it based?
UGE International Ltd. operates in the Other Energy sector, based in Toronto.
Explore related

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