Companies · Other Energy

Andex Gold Inc.

Toronto · Other Energy

Diligence memoA one-page analyst read on Andex Gold Inc. — recommendation, valuation, rhythm, risks.
$1.0M
Total raised · real
2
Rounds
0.1×
Latest step-up
Top 73%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Mar 24 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Andex Gold Inc. 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 Pre-Seed Other Energy companies in 2022–2024 (84 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.3 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

Andex Gold Inc. is one of 2049 Other Energy companies tracked from Toronto. By capital raised it ranks in the long tail (ahead of 28% 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
1
Investors (latest)
2019
Year incorporated
2023-03-24
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$2.5M$5.0M$7.5M$10MPre-Seed · 2021-12-14 Raised $926K (real) Modeled valuation $8.5M (est)$926K$8.5MPre-Seed2021Pre-Seed · 2023-03-24 Raised $105K (real) Modeled valuation $590K (est)$105K$590KPre-Seed2023+$105KCumulative $1.0M

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
Pre-Seed$926K · 2021
Pre-Seed extension$105K · 2023

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

Modeled valuation trajectory
$590K
Base estimate est.
$67K
Conservative case
$2.9M
Upside case
$583K
Modeled post-money

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

Pre-Seed · modeled $8.5M · 2021-12-142021Pre-Seed · modeled $590K · 2023-03-242023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.47×/yr
Annual markup
2.00×/yr upside case
3.3 yr
Elapsed time used
3.3 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$810K/yr
Capital velocity
4.5 yr
On record since
2021
First round
2
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) 0.3× of median
This company$1.0M
Sector median$3.4M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.3× of median
This company$105K
Sector median$373K
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$590K
Sector median$17.0M

Raised more than 28% of sector peers (real $). Modeled value above 1% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #78 of 84.

This companyCohort peer
$100K$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Sol Clarity, Inc. · Pre-Seed Raised $920K · modeled $6.7M (est)Helios CoreShell Partners, LLC · Pre-Seed Raised $750K · modeled $6.5M (est)Trinary Solar Group IV LLC · Pre-Seed Raised $975K · modeled $6.3M (est)SunTrain, Inc. · Pre-Seed Raised $750K · modeled $6.2M (est)Advanced Thermovoltaic Systems, LLC · Pre-Seed Raised $762K · modeled $6.2M (est)InSite Holding, Inc. · Pre-Seed Raised $885K · modeled $6.0M (est)Blue Line Marketing, LLC · Pre-Seed Raised $650K · modeled $5.8M (est)Sol Renewables Inc · Pre-Seed Raised $1.6M · modeled $5.7M (est)McCune Works Inc. · Pre-Seed Raised $984K · modeled $5.3M (est)GenHydro Inc. · Pre-Seed Raised $1.0M · modeled $5.1M (est)Resource Royalty Exclusive, LLC · Pre-Seed Raised $628K · modeled $5.0M (est)CS Renewables, Inc. · Pre-Seed Raised $2.0M · modeled $4.4M (est)Andex Gold Inc. (this company) Raised $1.0M · modeled $590K (est)Andex Gold Inc.
CompanyStageRaised · realValue · estvs peer med.
Sol Clarity, Inc.Pre-Seed$920K$6.7M3.30×
Helios CoreShell Partners, LLCPre-Seed$750K$6.5M3.23×
Trinary Solar Group IV LLCPre-Seed$975K$6.3M3.10×
SunTrain, Inc.Pre-Seed$750K$6.2M3.07×
Advanced Thermovoltaic Systems, LLCPre-Seed$762K$6.2M3.06×
InSite Holding, Inc.Pre-Seed$885K$6.0M2.96×
Blue Line Marketing, LLCPre-Seed$650K$5.8M2.89×
Sol Renewables IncPre-Seed$1.6M$5.7M2.81×
McCune Works Inc.Pre-Seed$984K$5.3M2.63×
GenHydro Inc.Pre-Seed$1.0M$5.1M2.51×
Resource Royalty Exclusive, LLCPre-Seed$628K$5.0M2.46×
CS Renewables, Inc.Pre-Seed$2.0M$4.4M2.20×
Andex Gold Inc. this companyPre-Seed$1.0M$590K0.29×
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.
Pre-Seed$926K2021-12-14$5.1M$8.5M90%
Pre-Seed$105K2023-03-24$583K$590K90%
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. Pre-Seed$926K2021-12-14
    • First recorded raise — entered as Pre-Seed.
    • 40 investors on this round.
  2. Pre-Seed$105K2023-03-24
    • Raised 15 mo later, in step with the ~12 mo sector norm.
    • Round 8.8× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2024 ~Q3
Modeled next raise · ~15mo cadence
$105K
Modeled next size est.range $105K$168K
0.1×
Last step-up
$810K/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
Paul Champagne1 other2021-12
Registry & provenance

Andex Gold Inc. 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
1900570
SEC CIK
2019
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
Positive Energy, Inc.Other EnergyPre-Seed$1.0M$1.5Msame sector · same stage
Applied Atomics, IncOther EnergyPre-Seed$1.0M$2.7Msame sector · same stage
Border Power, LLCOther EnergyPre-Seed$1.0M$1.6Msame sector · same stage
Delta International Mining & Exploration IncOther EnergyPre-Seed$1.0M$1.6Msame sector · same stage
El Dub Productions, LLCOther EnergyPre-Seed$1.0M$1.6Msame sector · same stage
Greenway World Solutions Inc.Other EnergyPre-Seed$1.0M$1.6Msame sector · same stage
Lectric, Inc.Other EnergyPre-Seed$1.0M$1.6Msame sector · same stage
OneWorld Fuels, Inc.Other EnergyPre-Seed$1.0M$1.6Msame 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
MMEX Resources CorpOther EnergySeed$12.1M89%
Gold Holdings, LlcOther EnergySeries C$119.7M88%
Santa Fe Gold CORPOther EnergySeed$2.6M87%
Energy Materials CorpOther EnergySeed$40.9M87%
Alx Resources Corp.Other EnergyPre-Seed$3.5M87%
Gold H2, Inc.Other EnergySeries A$28.0M87%
DeNexus, Inc.Other EnergySeries B$10.7M87%
Global Energy Metals Corp.Other EnergyPre-Seed$1.7M86%
Frequently asked
How much funding has Andex Gold Inc. raised?
Andex Gold Inc. has raised approximately $1.0M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Andex Gold Inc.'s estimated valuation?
Provath's modeled valuation for Andex Gold Inc. is approximately $590K (modeled range $67K–$2.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Andex Gold Inc. at?
Andex Gold Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Mar 24.
What does Andex Gold Inc. do and where is it based?
Andex Gold Inc. operates in the Other Energy sector, based in Toronto.
Explore related

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

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