Diligence memo · auto-generated · as of July 2, 2026
Upstart Power, Inc.
Upstart Power, Inc. looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Upstart Power, Inc. operates in Other Energy, based in SOUTHBOROUGH.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Upstart Power, Inc. has raised $59M in disclosed capital across 7 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $23M on 2024-07-01.
Most recent recorded round closed around 2024-12-05.
Valuation (modeled)modeled
Provath models Upstart Power, Inc. at approximately $10M (range $5.0M–$17M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.08× the median modeled value of Series B Other Energy companies in 2022–2024 (44 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 15 months.
Last raise 19 mo ago; this sector typically re-raises about every 12 months.
Slightly overdue versus sector cadence.
The last round was 10.7× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 91% of Other Energy peers (2049 compared).
Modeled value ranks above 38% of those peers.
Closest niche peers: Pineapple Holdings, Inc., JTEC Energy, Inc., TMC the metals Co Inc., Cherry Street Holding Company, LLC, Clean Hydrogen Works LA-1, L.L.C..
Peoplefiled
19 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.