Companies · Software / Tech

Axine Water Technologies Inc.

VANCOUVER · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Axine Water Technologies Inc. — recommendation, valuation, rhythm, risks.
$12.3M
Total raised · real
7
Rounds
1.1×
Latest step-up
Top 30%
Sector rank · raised
Seed
Latest stage · inferred · Tue Nov 12 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Axine Water Technologies Inc. looks under-valued against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology 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 0.47× the median modeled value of Seed Software / Tech companies in 2022–2024 (387 peers) — value vs value, same stage and era.
Quiet
  • Last raise 20 mo ago; this sector typically re-raises about every 13 months.
  • Slightly overdue versus sector 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 Software / Tech

Axine Water Technologies Inc. is one of 3920 Software / Tech companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 71% 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
13
Investors (latest)
2024-11-12
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$50M$100M$150M$200MSeed · 2012-06-29 Raised $1.5M (real) Modeled valuation $50M (est)Seed2012Seed · 2013-12-30 Raised $1.4M (real) Modeled valuation $48M (est)Seed2013Seed · 2013-12-30 Raised $3.2M (real) Modeled valuation $110M (est)Seed2013Seed · 2016-08-16 Raised $2.1M (real) Modeled valuation $70M (est)Seed2016Seed · 2018-12-20 Raised $1.1M (real) Modeled valuation $38M (est)Seed2018Pre-Seed · 2020-07-29 Raised $894K (real) Modeled valuation $36M (est)Pre-Seed2020Seed · 2020-07-29 Raised $894K (real) Modeled valuation $29M (est)Seed2020Seed · 2023-07-20 Raised $1.7M (real) Modeled valuation $13M (est)Seed2023Seed · 2024-11-12 Raised $1.8M (real) Modeled valuation $7.8M (est)Seed2024+$1.4M+$3.2M+$2.1M+$1.1M+$894K+$894K+$1.7M+$1.8MCumulative $15M

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$1.5M · 2012
Seed extension$1.4M · 2013
Seed extension$3.2M · 2013
Seed extension$2.1M · 2016
Seed extension$1.1M · 2018
Bridge · Seed-stage$894K · 2020smaller follow-on
Seed extension$894K · 2020
Seed extension$1.7M · 2023
Seed extension$1.8M · 2024

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

Modeled valuation trajectory
$7.8M
Base estimate est.
$1.6M
Conservative case
$18.7M
Upside case
$9.1M
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 technology sector profile. Directional, not a quoted figure.

Seed · modeled $50.2M · 2012-06-292012Seed · modeled $48.0M · 2013-12-30Seed · modeled $109.9M · 2013-12-30Seed · modeled $69.9M · 2016-08-16Seed · modeled $37.8M · 2018-12-20Pre-Seed · modeled $36.3M · 2020-07-29Seed · modeled $29.4M · 2020-07-29Seed · modeled $13.5M · 2023-07-20Seed · modeled $7.8M · 2024-11-122024
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 61% high
1.61×/yr
Annual markup
2.11×/yr upside case
1.6 yr
Elapsed time used
1.6 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$991K/yr
Capital velocity
14.0 yr
On record since
2012
First round
9
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 2.7× above median
This company$12.3M
Sector median$4.6M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.0× of median
This company$1.8M
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$7.8M
Sector median$36.6M

Raised more than 71% of sector peers (real $). Modeled value above 22% 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 #319 of 387.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)SkyBell Technologies, Inc. · Seed Raised $4.8M · modeled $64.2M (est)BuyerAssist.io, Inc. · Seed Raised $5.7M · modeled $60.4M (est)Adaptive Surface Technologies, Inc. · Seed Raised $3.8M · modeled $59.6M (est)Abstract Labs, Inc. · Seed Raised $3.9M · modeled $57.2M (est)Elixir Lab Usa Inc. · Seed Raised $3.9M · modeled $57.0M (est)Grounded Technologies, Inc. · Seed Raised $3.5M · modeled $56.9M (est)Sticky Technologies, Inc./DE · Seed Raised $3.6M · modeled $55.0M (est)Urban Shipper Technology Inc. · Seed Raised $4.9M · modeled $54.3M (est)Rabbot Technologies Ltd · Seed Raised $3.8M · modeled $53.6M (est)Multisig Labs, Inc. · Seed Raised $3.8M · modeled $53.3M (est)Smartcare Software, Inc. · Seed Raised $3.5M · modeled $50.2M (est)Determinate Systems, Inc. · Seed Raised $3.5M · modeled $49.8M (est)Axine Water Technologies Inc. (this company) Raised $12.3M · modeled $7.8M (est)Axine Water Technologies Inc.
CompanyStageRaised · realValue · estvs peer med.
SkyBell Technologies, Inc.Seed$4.8M$64.2M3.92×
BuyerAssist.io, Inc.Seed$5.7M$60.4M3.68×
Adaptive Surface Technologies, Inc.Seed$3.8M$59.6M3.63×
Abstract Labs, Inc.Seed$3.9M$57.2M3.49×
Elixir Lab Usa Inc.Seed$3.9M$57.0M3.48×
Grounded Technologies, Inc.Seed$3.5M$56.9M3.47×
Sticky Technologies, Inc./DESeed$3.6M$55.0M3.35×
Urban Shipper Technology Inc.Seed$4.9M$54.3M3.31×
Rabbot Technologies LtdSeed$3.8M$53.6M3.27×
Multisig Labs, Inc.Seed$3.8M$53.3M3.25×
Smartcare Software, Inc.Seed$3.5M$50.2M3.06×
Determinate Systems, Inc.Seed$3.5M$49.8M3.04×
Axine Water Technologies Inc. this companySeed$12.3M$7.8M0.47×
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$1.5M2012-06-29$7.4M$50.2M85%
Seed$1.4M2013-12-30$7.0M$48.0M85%
Seed$3.2M2013-12-30$16.1M$109.9M85%
Seed$2.1M2016-08-16$10.3M$69.9M85%
Seed$1.1M2018-12-20$5.5M$37.8M90%
Pre-Seed$894K2020-07-29$5.0M$36.3M90%
Seed$894K2020-07-29$4.5M$29.4M90%
Seed$1.7M2023-07-20$8.4M$13.5M90%
Seed$1.8M2024-11-12$9.1M$7.8M90%
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$1.5M2012-06-29
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
  2. Seed$1.4M2013-12-30
    • Raised 18 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  3. Seed$3.2M2013-12-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.3× larger than the prior — scaling up.
    • 20 investors on this round.
  4. Seed$2.1M2016-08-16
    • Raised again after 32 mo — slower than the ~13 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 12 investors on this round.
  5. Seed$1.1M2018-12-20
    • Raised again after 28 mo — slower than the ~13 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  6. Pre-Seed$894K2020-07-29
    • Raised again after 19 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
  7. Seed$894K2020-07-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
  8. Seed$1.7M2023-07-20
    • Raised again after 36 mo — slower than the ~13 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 13 investors on this round.
  9. Seed$1.8M2024-11-12
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 13 investors on this round.
Intelligence
2026 ~Q2
Modeled next raise · ~19mo cadence
$2.0M
Modeled next size est.range $1.8M$3.1M
1.1×
Last step-up
$991K/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
Daniel Miller7 other2016-08
Moe Kermani4 other2023-07
Roger Strauch3 other2018-12
Chris Morrison2 other2020-07
Wal Van Lierop2 other2012-06
Colleen Legzdins1 other2012-06
Gregory Peet1 other2018-12
Jonathan Rhone1 other2012-06
Tony Van Bommel1 other2013-12
Colleen Freda Legzdins2013-12
Geoff Catherwood2023-07
Geoff Susan Catherwood2024-11
Goran Sparica2018-12
Greg Freda Peet2013-12
Greg Peet2013-12
Mark Ralph2023-07
Mark Susan Ralph2024-11
Marty Freda Reed2013-12
Moe Susan Kermani2024-11
Qihua Susan Yu2024-11
Thomas Susan Siller2024-11
Tony Freda Van Bommel2013-12
Victor Leung2023-07
Victor Susan Leung2024-11
Registry & provenance

Axine Water Technologies 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
1553980
SEC CIK
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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.

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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
Axion Technologies LLCSoftware / TechPre-Seed$6.4M86%
Axia Technologies, Inc.Software / TechSeries A$343.6M85%
Water Enhancement Technologies Solutions IncSoftware / TechSeries D+$1.0B82%
Noria Water Technologies, Inc.Software / TechSeed$90.0M82%
Hydration Labs, Inc.Software / TechSeries C$1.3B81%
ConserWater Technologies Inc.Software / TechSeries A$78.1M81%
Axonics Modulation Technologies, Inc.Software / TechSeries C$1.7B81%
Anserine Labs, Inc.Software / TechSeed$10.3M81%
Frequently asked
How much funding has Axine Water Technologies Inc. raised?
Axine Water Technologies Inc. has raised approximately $12.3M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Axine Water Technologies Inc.'s estimated valuation?
Provath's modeled valuation for Axine Water Technologies Inc. is approximately $7.8M (modeled range $1.6M–$18.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Axine Water Technologies Inc. at?
Axine Water Technologies Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Nov 12.
What does Axine Water Technologies Inc. do and where is it based?
Axine Water Technologies Inc. operates in the Software / Tech sector, based in VANCOUVER.
Explore related

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