Companies · Other Technology

Bit Stew Systems Inc.

BURNABY · Other Technology

Diligence memoA one-page analyst read on Bit Stew Systems Inc. — recommendation, valuation, rhythm, risks.
$11.1M
Total raised · real
5
Rounds
0.9×
Latest step-up
Top 27%
Sector rank · raised
Series A
Latest stage · inferred · Mon May 30 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Bit Stew Systems Inc. looks under-valued 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 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 0.17× the median modeled value of Series A Other Technology companies in 2016–2018 (815 peers) — value vs value, same stage and era.
Dormant
  • Last raise 10.1 yr ago; this sector typically re-raises about every 13 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 Technology

Bit Stew Systems Inc. is one of 21302 Other Technology companies tracked from BURNABY. By capital raised it ranks in the upper tier (ahead of 74% of sector peers), and mid-pack 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$125M$250M$375M$500MPre-Seed · 2013-03-28 Raised $100K (real) Modeled valuation $4.2M (est)$100K$4.2MPre-Seed2013Pre-Seed · 2013-06-30 Raised $290K (real) Modeled valuation $12M (est)$290K$12MPre-Seed2013Series A · 2015-05-01 Raised $8.6M (real) Modeled valuation $237M (est)$8.6M$237MSeries A2015Series A · 2016-03-31 Raised $1.1M (real) Modeled valuation $31M (est)$1.1M$31MSeries A2016Series A · 2016-05-30 Raised $992K (real) Modeled valuation $28M (est)$992K$28MSeries A2016+$290K+$8.6M+$1.1M+$992KCumulative $11M

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$100K · 2013
Pre-Seed extension$290K · 2013
Series A$8.6M · 2015no Seed on file
Series A extension$1.1M · 2016
Series A extension$992K · 2016

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$27.5M
Base estimate est.
$1.3M
Conservative case
$149.6M
Upside case
$4.5M
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 technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $4.2M · 2013-03-282013Pre-Seed · modeled $12.3M · 2013-06-30Series A · modeled $237.2M · 2015-05-01Series A · modeled $31.4M · 2016-03-31Series A · modeled $27.5M · 2016-05-302016
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
6.0 yr
Elapsed time used
10.1 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$3.5M/yr
Capital velocity
13.3 yr
On record since
2013
First round
5
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. 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) 3.5× above median
This company$11.1M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.2× of median
This company$992K
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$27.5M
Sector median$37.3M

Raised more than 74% of sector peers (real $). Modeled value above 43% 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 #758 of 815.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Celect, Inc. · Series A Raised $30.1M · modeled $416.1M (est)VictorOps, Inc. · Series A Raised $36.3M · modeled $416.1M (est)Ephesoft Inc. · Series A Raised $15.0M · modeled $416.1M (est)Resilinc Corp · Series A Raised $15.0M · modeled $416.1M (est)Kaarya LLC · Series A Raised $15.0M · modeled $416.1M (est)DiCentral Corp · Series A Raised $15.0M · modeled $416.1M (est)Stay Alfred, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Rubica, Inc. · Series A Raised $16.6M · modeled $416.1M (est)PocketWatch, Inc. · Series A Raised $16.8M · modeled $416.1M (est)MobileCause, Inc. · Series A Raised $24.6M · modeled $416.1M (est)DynamicAction Holdings, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Bench Accounting, Inc. · Series A Raised $29.9M · modeled $416.1M (est)Bit Stew Systems Inc. (this company) Raised $11.1M · modeled $27.5M (est)Bit Stew Systems Inc.
CompanyStageRaised · realValue · estvs peer med.
Celect, Inc.Series A$30.1M$416.1M2.60×
VictorOps, Inc.Series A$36.3M$416.1M2.60×
Ephesoft Inc.Series A$15.0M$416.1M2.60×
Resilinc CorpSeries A$15.0M$416.1M2.60×
Kaarya LLCSeries A$15.0M$416.1M2.60×
DiCentral CorpSeries A$15.0M$416.1M2.60×
Stay Alfred, Inc.Series A$15.0M$416.1M2.60×
Rubica, Inc.Series A$16.6M$416.1M2.60×
PocketWatch, Inc.Series A$16.8M$416.1M2.60×
MobileCause, Inc.Series A$24.6M$416.1M2.60×
DynamicAction Holdings, Inc.Series A$15.0M$416.1M2.60×
Bench Accounting, Inc.Series A$29.9M$416.1M2.60×
Bit Stew Systems Inc. this companySeries A$11.1M$27.5M0.17×
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$100K2013-03-28$556K$4.2M90%
Pre-Seed$290K2013-06-30$1.6M$12.3M90%
Series A$8.6M2015-05-01$38.9M$237.2M90%
Series A$1.1M2016-03-31$5.1M$31.4M90%
Series A$992K2016-05-30$4.5M$27.5M90%
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$100K2013-03-28
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$290K2013-06-30
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round 2.9× larger than the prior — scaling up.
  3. Series A$8.6M2015-05-01
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round 29.5× larger than the prior — scaling up.
  4. Series A$1.1M2016-03-31
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 7.6× smaller than the prior — bridge or down round.
  5. Series A$992K2016-05-30
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
Intelligence
2017 ~Q1
Modeled next raise · ~10mo cadence
$992K
Modeled next size est.range $992K$1.6M
0.9×
Last step-up
$3.5M/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
Michael Allman7 other2015-05
KEVIN COLLINS2 other2013-03
ALEX CLARK1 other2013-03
Michelle Scarborough1 other2016-05
PAUL DE MARTINI1 other2013-06
SALIL MUNJAL1 other2015-05
BILL A RENY2013-06
BRENDA A COLLINS2013-06
BRENDA COLLINS2013-03
GARY YURKOVICH2013-06
JAMES TEMPLE2013-06
KAI A HUI2013-06
KAI HUI2015-05
Registry & provenance

Bit Stew Systems 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
1575635
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.

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Just Imagine, Inc.Other TechnologySeries A$11.1M$27.0Msame sector · same stage
Serenity EHS Inc.Other TechnologySeries A$11.0M$27.4Msame sector · same stage
Carebox CoOther TechnologySeries A$11.0M$26.9Msame sector · same stage
SoaringOther TechnologySeries A$11.0M$26.9Msame sector · same stage
Cirro, Inc.Other TechnologySeries A$11.2M$27.7Msame sector · same stage
SocialSweet, Inc.Other TechnologySeries A$11.2M$28.5Msame sector · same stage
Elliptic Rotary Motor Corporation, LlcOther TechnologySeries A$11.3M$27.6Msame sector · same stage
Seesaw Networks IncOther TechnologySeries A$10.8M$27.7Msame sector · same stage
Frequently asked
How much funding has Bit Stew Systems Inc. raised?
Bit Stew Systems Inc. has raised approximately $11.1M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Bit Stew Systems Inc.'s estimated valuation?
Provath's modeled valuation for Bit Stew Systems Inc. is approximately $27.5M (modeled range $1.3M–$149.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Bit Stew Systems Inc. at?
Bit Stew Systems Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Mon May 30.
What does Bit Stew Systems Inc. do and where is it based?
Bit Stew Systems Inc. operates in the Other Technology sector, based in BURNABY.
Explore related

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