Companies · Other

Chango Inc.

TORONTO · Other

Diligence memoA one-page analyst read on Chango Inc. — recommendation, valuation, rhythm, risks.
$2.5M
Total raised · real
3
Rounds
1.3×
Latest step-up
Top 48%
Sector rank · raised
Seed
Latest stage · inferred · Mon Sep 10 2012 00:00:00 GMT+0000 (Coordinated Universal Time)

Chango 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.

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 0.56× the median modeled value of Seed Other companies in 2010–2012 (877 peers) — value vs value, same stage and era.
Dormant
  • Last raise 13.8 yr ago; this sector typically re-raises about every 11 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

Chango Inc. is one of 25008 Other companies tracked from TORONTO. By capital raised it ranks mid-pack (ahead of 53% 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$5.0M$10M$15M$20MPre-Seed · 2010-04-08 Raised $670K (real) Modeled valuation $15M (est)$670K$15MPre-Seed2010Pre-Seed · 2011-01-28 Raised $782K (real) Modeled valuation $18M (est)$782K$18MPre-Seed2011Seed · 2012-09-10 Raised $1.0M (real) Modeled valuation $19M (est)$1.0M$19MSeed2012+$782K+$1.0MCumulative $2.5M

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$670K · 2010
Pre-Seed extension$782K · 2011
Seed$1.0M · 2012

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

Modeled valuation trajectory
$18.7M
Base estimate est.
$907K
Conservative case
$147.0M
Upside case
$5.0M
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. Directional, not a quoted figure.

Pre-Seed · modeled $15.5M · 2010-04-082010Pre-Seed · modeled $18.1M · 2011-01-28Seed · modeled $18.7M · 2012-09-102012
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
40%
Survival probability
18% low · 62% high
1.45×/yr
Annual markup
1.90×/yr upside case
6.0 yr
Elapsed time used
13.8 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$1.0M/yr
Capital velocity
16.2 yr
On record since
2010
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) 1.2× above median
This company$2.5M
Sector median$2.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.6× of median
This company$1.0M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 1.1× above median
This company$18.7M
Sector median$17.7M

Raised more than 53% of sector peers (real $). Modeled value above 51% 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 #778 of 877.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)Watermill-MPI Partners, L.P. · Seed Raised $4.0M · modeled $74.4M (est)Right Residential, LLC Series 3 · Seed Raised $4.0M · modeled $74.4M (est)Aquantis, Inc. · Seed Raised $4.0M · modeled $74.4M (est)Yellow Line Productions, LLC · Seed Raised $4.0M · modeled $74.4M (est)ClickFuel, Inc. · Seed Raised $8.7M · modeled $74.4M (est)Right Residential, LLC Series 2 · Seed Raised $4.0M · modeled $74.4M (est)Hot Flashes, LLC · Seed Raised $4.0M · modeled $74.4M (est)Viveve, Inc. · Seed Raised $5.5M · modeled $74.4M (est)ACFP Acquisition Holding Company, LLC · Seed Raised $4.0M · modeled $74.4M (est)Tillery Venture, LLC · Seed Raised $4.0M · modeled $74.4M (est)Old Lyme Gourmet Co · Seed Raised $4.0M · modeled $74.4M (est)Insituform Technologies Inc · Seed Raised $4.0M · modeled $74.4M (est)Chango Inc. (this company) Raised $2.5M · modeled $18.7M (est)Chango Inc.
CompanyStageRaised · realValue · estvs peer med.
Watermill-MPI Partners, L.P.Seed$4.0M$74.4M2.21×
Right Residential, LLC Series 3Seed$4.0M$74.4M2.21×
Aquantis, Inc.Seed$4.0M$74.4M2.21×
Yellow Line Productions, LLCSeed$4.0M$74.4M2.21×
ClickFuel, Inc.Seed$8.7M$74.4M2.21×
Right Residential, LLC Series 2Seed$4.0M$74.4M2.21×
Hot Flashes, LLCSeed$4.0M$74.4M2.21×
Viveve, Inc.Seed$5.5M$74.4M2.21×
ACFP Acquisition Holding Company, LLCSeed$4.0M$74.4M2.21×
Tillery Venture, LLCSeed$4.0M$74.4M2.21×
Old Lyme Gourmet CoSeed$4.0M$74.4M2.21×
Insituform Technologies IncSeed$4.0M$74.4M2.21×
Chango Inc. this companySeed$2.5M$18.7M0.56×
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$670K2010-04-08$3.7M$15.5M90%
Pre-Seed$782K2011-01-28$4.3M$18.1M90%
Seed$1.0M2012-09-10$5.0M$18.7M90%
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$670K2010-04-08
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$782K2011-01-28
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
  3. Seed$1.0M2012-09-10
    • Raised again after 19 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
Intelligence
2013 ~Q4
Modeled next raise · ~15mo cadence
$1.3M
Modeled next size est.range $1.0M$2.1M
1.3×
Last step-up
$1.0M/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
John Elton6 other2010-04
Lewis Gersh5 other2010-04
Lynn Wunderman2 other2012-09
Chad Leger2012-09
Chris Sukornyk2010-04
Duncan Hill2010-04
Geoffrey Judge2010-04
Rajeev Chabra2011-01
Registry & provenance

Chango 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
1489997
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
PebblePost, Inc.OtherSeries B$47.6M$32.6Mnetwork3 shared operators · same sector
Nopalera Inc.OtherSeed$2.4M$19.2Msame sector · same stage
Ramy Brook, LlcOtherSeed$2.4M$18.6Msame sector · same stage
212 Db Corp.OtherSeed$2.5M$18.6Msame sector · same stage
Puncher's Chance Bourbon, LLCOtherSeed$2.4M$19.3Msame sector · same stage
Walking With Ghosts Limited PartnershipOtherSeed$2.3M$19.0Msame sector · same stage
Boston Fire Protection Holdings, LLCOtherSeed$2.6M$18.1Msame sector · same stage
828 Venue Management Co LLCOtherSeed$2.7M$18.6Msame sector · same stage
Frequently asked
How much funding has Chango Inc. raised?
Chango Inc. has raised approximately $2.5M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Chango Inc.'s estimated valuation?
Provath's modeled valuation for Chango Inc. is approximately $18.7M (modeled range $907K–$147.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Chango Inc. at?
Chango Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Sep 10.
What does Chango Inc. do and where is it based?
Chango Inc. operates in the Other sector, based in TORONTO.
Explore related

See where Chango 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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