Companies · Other

Cantex Mine Development Corp.

KELOWNA · Other

Diligence memoA one-page analyst read on Cantex Mine Development Corp. — recommendation, valuation, rhythm, risks.
$1.1M
Total raised · real
3
Rounds
4.1×
Latest step-up
Top 62%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed Aug 06 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Cantex Mine Development Corp. looks over-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.78× the median modeled value of Pre-Seed Other companies in 2025–2027 (710 peers) — value vs value, same stage and era.
Active
  • Last raise 11 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Cantex Mine Development Corp. is one of 25008 Other companies tracked from KELOWNA. By capital raised it ranks in the long tail (ahead of 39% 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
2
Investors (latest)
2025-08-06
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$500K$1.0M$1.5M$2.0MPre-Seed · 2023-11-16 Raised $365K (real) Modeled valuation $1.9M (est)$365K$1.9MPre-Seed2023Pre-Seed · 2024-01-12 Raised $150K (real) Modeled valuation $737K (est)$150K$737KPre-Seed2024Pre-Seed · 2025-08-06 Raised $622K (real) Modeled valuation $1.5M (est)$622K$1.5MPre-Seed2025+$150K+$622KCumulative $1.1M

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$365K · 2023
Pre-Seed extension$150K · 2024
Pre-Seed extension$622K · 2025

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

Modeled valuation trajectory
$1.5M
Base estimate est.
$415K
Conservative case
$3.7M
Upside case
$3.5M
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. Directional, not a quoted figure.

Pre-Seed · modeled $1.9M · 2023-11-162023Pre-Seed · modeled $737K · 2024-01-12Pre-Seed · modeled $1.5M · 2025-08-062025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.55×/yr
Annual markup
2.10×/yr upside case
0.9 yr
Elapsed time used
0.9 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$660K/yr
Capital velocity
2.6 yr
On record since
2023
First round
3
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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) 0.6× of median
This company$1.1M
Sector median$2.0M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.8× above median
This company$622K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$1.5M
Sector median$17.7M

Raised more than 39% of sector peers (real $). Modeled value above 9% 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 #170 of 710.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Rocket Carwash, LLC · Pre-Seed Raised $1.0M · modeled $3.2M (est)Chapel Hill, LP · Pre-Seed Raised $1.0M · modeled $3.1M (est)Zab's Inc. · Pre-Seed Raised $1.0M · modeled $3.1M (est)Producer Mezcal LLC · Pre-Seed Raised $1.0M · modeled $3.1M (est)KBS ARC Investment LLC · Pre-Seed Raised $992K · modeled $3.0M (est)Unrefind Inc · Pre-Seed Raised $1.0M · modeled $3.0M (est)TKO Solutions, L.L.C. · Pre-Seed Raised $1.0M · modeled $3.0M (est)Savvy Trader, Inc. · Pre-Seed Raised $2.0M · modeled $3.0M (est)Playful Wombat Ltd Liability Co · Pre-Seed Raised $1.0M · modeled $3.0M (est)Sbbc, Llc · Pre-Seed Raised $1.3M · modeled $2.9M (est)Terracasa, Inc. · Pre-Seed Raised $1.0M · modeled $2.9M (est)SIGMAS Inc. · Pre-Seed Raised $1000K · modeled $2.9M (est)Cantex Mine Development Corp. (this company) Raised $1.1M · modeled $1.5M (est)Cantex Mine Development Corp.
CompanyStageRaised · realValue · estvs peer med.
Rocket Carwash, LLCPre-Seed$1.0M$3.2M3.68×
Chapel Hill, LPPre-Seed$1.0M$3.1M3.63×
Zab's Inc.Pre-Seed$1.0M$3.1M3.60×
Producer Mezcal LLCPre-Seed$1.0M$3.1M3.56×
KBS ARC Investment LLCPre-Seed$992K$3.0M3.50×
Unrefind IncPre-Seed$1.0M$3.0M3.48×
TKO Solutions, L.L.C.Pre-Seed$1.0M$3.0M3.45×
Savvy Trader, Inc.Pre-Seed$2.0M$3.0M3.44×
Playful Wombat Ltd Liability CoPre-Seed$1.0M$3.0M3.42×
Sbbc, LlcPre-Seed$1.3M$2.9M3.41×
Terracasa, Inc.Pre-Seed$1.0M$2.9M3.39×
SIGMAS Inc.Pre-Seed$1000K$2.9M3.39×
Cantex Mine Development Corp. this companyPre-Seed$1.1M$1.5M1.78×
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$365K2023-11-16$2.0M$1.9M90%
Pre-Seed$150K2024-01-12$833K$737K90%
Pre-Seed$622K2025-08-06$3.5M$1.5M90%
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$365K2023-11-16
    • First recorded raise — entered as Pre-Seed.
    • 5 investors on this round.
  2. Pre-Seed$150K2024-01-12
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  3. Pre-Seed$622K2025-08-06
    • Raised again after 19 mo — slower than the ~11 mo sector norm.
    • Round 4.1× larger than the prior — scaling up.
    • 2 investors on this round.
Intelligence
2026 ~Q2
Modeled next raise · ~10mo cadence
$1.9M
Modeled next size est.range $1.2M$3.0M
4.1×
Last step-up
$660K/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
Chad Ulansky2 other2023-11
Charles Fipke1 other2023-11
Kathrine MacDonald1 other2023-11
Jason Granger2023-11
Jennifer Irons2023-11
Vernon Frolick2023-11
Registry & provenance

Cantex Mine Development 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
2002563
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
Metalex Ventures LtdOtherPre-Seed$378K$8.7Mnetwork2 shared operators · same sector · same stage
Dunnedin Ventures Inc.OtherPre-Seed$1.0M$5.3Mnetwork1 shared operator · same sector · same stage
African Resource Group, Inc.OtherPre-Seed$1.1M$1.7Msame sector · same stage
Leafworks Inc.OtherPre-Seed$1.2M$1.4Msame sector · same stage
Chillshark, Inc.OtherPre-Seed$1.1M$1.5Msame sector · same stage
Onomy, Inc.OtherPre-Seed$1.2M$1.6Msame sector · same stage
Sano Chemicals IncOtherPre-Seed$1.1M$1.6Msame sector · same stage
Waterstone Innovations Group, Inc.OtherPre-Seed$1.3M$1.5Msame 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
Canamex Gold Corp.Mining & ResourcesSeed$3.2M86%
Canter Resources Corp.OtherPre-Seed$4.8M85%
Luminex Resources Corp.OtherSeed$5.2M85%
Canuc Resources CorpOtherPre-Seed$5.1M84%
Canarc Resource CorpOtherPre-Seed$3.1M84%
HemTex Holdings, LLCOtherSeed$74.3M83%
Candente Copper CorpMining & ResourcesSeed$1.9M83%
AM Resources Corp.OtherPre-Seed$2.9M83%
Frequently asked
How much funding has Cantex Mine Development Corp. raised?
Cantex Mine Development Corp. has raised approximately $1.1M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Cantex Mine Development Corp.'s estimated valuation?
Provath's modeled valuation for Cantex Mine Development Corp. is approximately $1.5M (modeled range $415K–$3.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Cantex Mine Development Corp. at?
Cantex Mine Development Corp.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed Aug 06.
What does Cantex Mine Development Corp. do and where is it based?
Cantex Mine Development Corp. operates in the Other sector, based in KELOWNA.
Explore related

See where Cantex Mine Development Corp. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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