Companies · Energy Conservation

XCT Holdings LLC

Dallas · Energy Conservation

Diligence memoA one-page analyst read on XCT Holdings LLC — recommendation, valuation, rhythm, risks.
$7.5M
Total raised · real
2
Rounds
0.3×
Latest step-up
Top 29%
Sector rank · raised
Series A
Latest stage · inferred · Wed May 21 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

XCT Holdings LLC has raised $7.5M over 2 rounds; too few niche peers to rank its valuation yet.

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.

Active
  • Last raise 13 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

XCT Holdings LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
2.3 yr record
Peak capital year was 2024 with $12.0M across 2 filings.
Market position
ahead of 72% of Energy Conservation peers
Capital scale is ahead of 72% of Energy Conservation peers; modeled value is above 19% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2024: $12.0M across 2 filings.
  • Largest single filing was $6.0M on 2024-03-28.
  • Filing rows sum to $13.5M, while canonical raised total is $7.5M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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 Energy Conservation

XCT Holdings LLC is one of 254 Energy Conservation companies tracked from Dallas. By capital raised it ranks in the upper tier (ahead of 72% 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
1
Investors (latest)
2024
Year incorporated
2025-05-21
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$13M$25M$38M$50MSeries A · 2024-03-28 Raised $6.0M (real) Modeled valuation $32M (est)$6.0M$32MSeries A2024Series A · 2024-03-28 Raised $6.0M (real) Modeled valuation $32M (est)$6.0M$32MSeries A2024Series A · 2025-05-21 Raised $1.5M (real) Modeled valuation $5.3M (est)$1.5M$5.3MSeries A2025+$6.0M+$1.5MCumulative $14M

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$6.0M · 2024
Series A extension$6.0M · 2024
Series A extension$1.5M · 2025

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
$5.3M
Base estimate est.
$1.9M
Conservative case
$9.3M
Upside case
$6.8M
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.

Series A · modeled $32.4M · 2024-03-282024Series A · modeled $32.4M · 2024-03-28Series A · modeled $5.3M · 2025-05-212025
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
1.1 yr
Elapsed time used
1.1 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$6.5M/yr
Capital velocity
2.3 yr
On record since
2024
First round
3
Rounds on file
How it compares to the market

Benchmarked against 254 companies in Energy Conservation. 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) 3.0× above median
This company$7.5M
Sector median$2.5M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.3× of median
This company$1.5M
Sector median$5.1M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$5.3M
Sector median$27.1M

Raised more than 72% of sector peers (real $). Modeled value above 19% 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 companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Geofy, Inc. · Series A Raised $13.0M · modeled $27.2M (est)DevvStream Corp. · Series A Raised $12.0M · modeled $5.7M (est)XCT Holdings LLC (this company) Raised $7.5M · modeled $5.3M (est)XCT Holdings LLC
CompanyStageRaised · realValue · estvs peer med.
Geofy, Inc.Series A$13.0M$27.2M4.76×
DevvStream Corp.Series A$12.0M$5.7M1.00×
XCT Holdings LLC this companySeries A$7.5M$5.3M0.92×
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$6.0M2024-03-28$27.3M$32.4M90%
Series A$6.0M2024-03-28$27.3M$32.4M90%
Series A$1.5M2025-05-21$6.8M$5.3M90%
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$6.0M2024-03-28
    • First recorded raise — entered as Series A.
    • 27 investors on this round.
  2. Series A$6.0M2024-03-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Switched to Rule 504 (was Rule 506(b)).
    • 27 investors on this round.
  3. Series A$1.5M2025-05-21
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 4.0× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 504).
    • 1 investor on this round.
Intelligence
2025 ~Q4
Modeled next raise · ~7mo cadence
$1.5M
Modeled next size est.range $1.5M$2.4M
0.3×
Last step-up
$6.5M/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
Kevin Smith9 other2025-05
Chad Freese2 other2024-03
Andy Klump2025-05
Benoit Allehaut2024-03
Chuck Cotter2024-03
Connor Cash2025-05
Pharoah Green2025-05
Registry & provenance

XCT Holdings LLC 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
2018448
SEC CIK
2024
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
Clean Urban Energy, Inc.Energy ConservationSeries A$7.6M$159.1Msame sector · same stage
Axiom Exergy Inc.Energy ConservationSeries A$7.7M$169.0Msame sector · same stage
ThinkEco Inc.Energy ConservationSeries A$7.3M$16.6Msame sector · same stage
eNow, Inc.Energy ConservationSeries A$7.8M$69.1Msame sector · same stage
Neah Power Systems, Inc.Energy ConservationSeries A$8.0M$24.2Msame sector · same stage
Green Heat CorpEnergy ConservationSeries A$8.1M$6.1Msame sector · same stage
Lightning Bug, Inc.Energy ConservationSeries A$8.2M$96.2Msame sector · same stage
EcoFactor, Inc.Energy ConservationSeries A$8.3M$130.2Msame 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
XCF Global, Inc.Other EnergyPre-Seed$1.3M84%
Karbon-X Corp.Energy ConservationSeed$20.2M83%
Energy Exploration Technologies, Inc.Energy ConservationSeries A$130.5M83%
BrightCore Holdings, LLCEnergy ConservationSeed$78.0M83%
Green Heat CorpEnergy ConservationSeries A$6.1M82%
WexEnergy LLCEnergy ConservationPre-Seed$13.7M82%
CQC Impact Investors LLCEnergy ConservationSeries D+$2.0B82%
Energy Wall, LLCEnergy ConservationSeed$7.3M82%
Frequently asked
How much funding has XCT Holdings LLC raised?
XCT Holdings LLC has raised approximately $7.5M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is XCT Holdings LLC's estimated valuation?
Provath's modeled valuation for XCT Holdings LLC is approximately $5.3M (modeled range $1.9M–$9.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is XCT Holdings LLC at?
XCT Holdings LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Wed May 21.
What does XCT Holdings LLC do and where is it based?
XCT Holdings LLC operates in the Energy Conservation sector, based in Dallas.
Explore related

See where XCT Holdings LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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