Companies · Other Energy

Verenium Corp

SAN DIEGO · Other Energy

Diligence memoA one-page analyst read on Verenium Corp — recommendation, valuation, rhythm, risks.
$33.8M
Total raised · real
3
Rounds
0.6×
Latest step-up
Top 14%
Sector rank · raised
Series A
Latest stage · inferred · Thu Dec 06 2012 00:00:00 GMT+0000 (Coordinated Universal Time)

Verenium Corp looks fair against its niche peers and is dormant 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.

Fair
  • Modeled value is 1.43× the median modeled value of Series A Other Energy companies in 2010–2012 (78 peers) — value vs value, same stage and era.
  • Within the normal band (143% of peer median) for its niche.
Dormant
  • Last raise 13.6 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.
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

Verenium Corp is one of 2048 Other Energy companies tracked from SAN DIEGO. By capital raised it ranks in the upper tier (ahead of 87% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
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$50M$100M$150M$200MSeries A · 2009-09-01 Raised $14M (real) Modeled valuation $145M (est)$14M$145MSeries A2009Series A · 2009-09-01 Raised $13M (real) Modeled valuation $135M (est)$13M$135MSeries A2009Series A · 2012-12-06 Raised $7.3M (real) Modeled valuation $77M (est)$7.3M$77MSeries A2012+$13M+$7.3MCumulative $34M

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
Series A$13.7M · 2009
Series A extension$12.8M · 2009
Series A extension$7.3M · 2012

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$77.3M
Base estimate est.
$9.5M
Conservative case
$420.0M
Upside case
$33.2M
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 energy sector profile. Directional, not a quoted figure.

Series A · modeled $144.9M · 2009-09-012009Series A · modeled $135.4M · 2009-09-01Series A · modeled $77.3M · 2012-12-062012
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.28×/yr
Annual markup
1.61×/yr upside case
6.0 yr
Elapsed time used
13.6 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
20 mo
Avg between rounds
$10.4M/yr
Capital velocity
16.8 yr
On record since
2009
First round
3
Rounds on file
How it compares to the market

Benchmarked against 2048 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) 9.9× above median
This company$33.8M
Sector median$3.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.3× above median
This company$7.3M
Sector median$5.5M
Modeled value — vs sector median (estimate, all stages) 4.5× above median
This company$77.3M
Sector median$17.0M

Raised more than 87% of sector peers (real $). Modeled value above 79% 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 #23 of 78.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Great Plains Sand, LLC · Series A Raised $15.0M · modeled $158.5M (est)INEOS New Planet Bioenergy LLC · Series A Raised $15.0M · modeled $158.5M (est)Torqued Up Energy Services Inc · Series A Raised $20.5M · modeled $158.5M (est)Advanced Energy Industries Inc · Series A Raised $15.0M · modeled $158.5M (est)A-Power Energy Generation Systems, Ltd. · Series A Raised $14.8M · modeled $155.9M (est)Hydro Ex Acquisition, LLC · Series A Raised $14.6M · modeled $154.0M (est)Brigus Gold Corp. · Series A Raised $14.0M · modeled $133.6M (est)Sindicatum Carbon Capital Group Ltd · Series A Raised $11.6M · modeled $122.8M (est)Recast Energy LLC · Series A Raised $15.0M · modeled $116.4M (est)Bridge Energy Group, Inc. · Series A Raised $11.0M · modeled $116.3M (est)Agni Corp (Cayman Islands) · Series A Raised $10.9M · modeled $115.7M (est)Tauber Terminals LP · Series A Raised $10.8M · modeled $113.9M (est)Verenium Corp (this company) Raised $33.8M · modeled $77.3M (est)Verenium Corp
CompanyStageRaised · realValue · estvs peer med.
Great Plains Sand, LLCSeries A$15.0M$158.5M2.93×
INEOS New Planet Bioenergy LLCSeries A$15.0M$158.5M2.93×
Torqued Up Energy Services IncSeries A$20.5M$158.5M2.93×
Advanced Energy Industries IncSeries A$15.0M$158.5M2.93×
A-Power Energy Generation Systems, Ltd.Series A$14.8M$155.9M2.88×
Hydro Ex Acquisition, LLCSeries A$14.6M$154.0M2.85×
Brigus Gold Corp.Series A$14.0M$133.6M2.47×
Sindicatum Carbon Capital Group LtdSeries A$11.6M$122.8M2.27×
Recast Energy LLCSeries A$15.0M$116.4M2.15×
Bridge Energy Group, Inc.Series A$11.0M$116.3M2.15×
Agni Corp (Cayman Islands)Series A$10.9M$115.7M2.14×
Tauber Terminals LPSeries A$10.8M$113.9M2.11×
Verenium Corp this companySeries A$33.8M$77.3M1.43×
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.
Series A$13.7M2009-09-01$62.3M$144.9M90%
Series A$12.8M2009-09-01$58.2M$135.4M90%
Series A$7.3M2012-12-06$33.2M$77.3M90%
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. Series A$13.7M2009-09-01
    • First recorded raise — entered as Series A.
  2. Series A$12.8M2009-09-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  3. Series A$7.3M2012-12-06
    • Raised again after 39 mo — slower than the ~12 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
Intelligence
2014 ~Q3
Modeled next raise · ~20mo cadence
$7.3M
Modeled next size est.range $7.3M$11.7M
0.6×
Last step-up
$10.4M/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
Peter Johnson10 other2009-09
Joshua Ruch6 other2009-09
Jeffrey G. Black2 other2009-09
Alexander A. Fitzpatrick1 other2012-12
Gerald M Haines1 other2009-09
James H. Cavanaugh1 other2009-09
John F. Dee1 other2009-09
Joshua F. Ruch1 other2009-09
Michael Zak1 other2009-09
William H. Baum1 other2009-09
Carlos A. Riva2009-09
Cheryl F. Wenzinger2009-09
Cheryl Wenzinger2009-09
Fernand F. Kaufman2009-09
Fernand Kaufmann2009-09
Gregory B. Powers2009-09
Gregory Powers2009-09
James B. Levine2009-09
James Levine2009-09
Janet B. Roemer2009-09
Janet Roemer2009-09
Jeffrey A Black2012-12
John B. Howe2009-09
Michael F. Zak2009-09
Registry & provenance

Verenium Corp 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
1049210
SEC CIK
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
Ciris Energy IncOther EnergySeries A$10.0M$105.7Mnetwork1 shared operator · same sector · same stage
Q1 Nanosystems CorpOther EnergySeries A$33.1M$72.3Msame sector · same stage
Ocean Renewable Power Company, Inc.Other EnergySeries A$32.7M$70.9Msame sector · same stage
Odyssey Energy Solutions, Inc.Other EnergySeries A$32.6M$39.2Msame sector · same stage
Verdezyne IncOther EnergySeries A$35.3M$63.5Msame sector · same stage
Code Ocean, Inc.OtherSeries B$35.6M$179.1Mnetwork2 shared operators
Upwind Solutions IncOther EnergySeries A$30.0M$105.7Msame sector · same stage
Enlink Geoenergy Services IncOther EnergySeries A$39.5M$94.3Msame sector · same stage
Frequently asked
How much funding has Verenium Corp raised?
Verenium Corp has raised approximately $33.8M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Verenium Corp's estimated valuation?
Provath's modeled valuation for Verenium Corp is approximately $77.3M (modeled range $9.5M–$420.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Verenium Corp at?
Verenium Corp's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Dec 06.
What does Verenium Corp do and where is it based?
Verenium Corp operates in the Other Energy sector, based in SAN DIEGO.
Explore related

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