Diligence memo · auto-generated · as of July 2, 2026
Citcon Ltd
Citcon Ltd looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Citcon Ltd operates in Other, based in Santa Clara.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Citcon Ltd has raised $44M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $29M on 2021-08-30.
Most recent recorded round closed around 2024-09-16.
Valuation (modeled)modeled
Provath models Citcon Ltd at approximately $28M (range $12M–$48M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.18× the median modeled value of Series B Other companies in 2022–2024 (465 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 18 months.
Last raise 21 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
The last round was 2.1× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 92% of Other peers (25015 compared).
Modeled value ranks above 61% of those peers.
Closest niche peers: Ever/Body, Inc., Financeware Holdings LLC, American Cricket Enterprises Inc., Xlerate Ultimate Holdings, Lp, MDME Ultimate Holdings, LP.
Peoplefiled
9 named people on file across officers, directors and signatories.
Risks & flagsmixed
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.