Companies · Software / Tech

Class 1 Nickel & Technologies Ltd

TORONTO · Software / Tech · refined from filed group “Other”

Diligence memoA one-page analyst read on Class 1 Nickel & Technologies Ltd — recommendation, valuation, rhythm, risks.→
$2.4M
Total raised · real
1
Rounds
—
Latest step-up
Top 64%
Sector rank · raised
Seed
Latest stage · inferred · Wed Nov 04 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Class 1 Nickel & Technologies Ltd looks fair 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.

Fair
  • Modeled value is 1.38× the median modeled value of Seed Software / Tech companies in 2019–2021 (296 peers) — value vs value, same stage and era.
  • Within the normal band (138% of peer median) for its niche.
Dormant
  • Last raise 5.7 yr ago; this sector typically re-raises about every 13 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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

Class 1 Nickel & Technologies Ltd is one of 3920 Software / Tech companies tracked from TORONTO. By capital raised it ranks in the long tail (ahead of 37% 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
$0–$1M
Issuer revenue
Rule 506(b)
Reg D exemption
3
Investors (latest)
2020-11-04
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$25M$50M$75M$100MSeed · 2020-11-04 Raised $2.4M (real) Modeled valuation $69M (est)$2.4M$69MSeed2020

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$2.4M · 2020

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$68.7M
Base estimate est.
$2.1M
Conservative case
$491.3M
Upside case
$11.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seed — a $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

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
5.7 yr
Elapsed time used
5.7 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
5.9 yr
On record since
2020
First round
1
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)▼ 0.5× of median
This company$2.4M
Sector median$4.6M
Latest round — vs other Seed rounds in sector (real $, this stage)▲ 1.2× above median
This company$2.4M
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages)▲ 1.9× above median
This company$68.7M
Sector median$36.6M

Raised more than 37% of sector peers (real $). Modeled value above 65% 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 #85 of 296.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)OneSky Systems, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Mona Labs Inc. · Seed Raised $3.9M · modeled $132.9M (est)Toro Data Labs, Inc · Seed Raised $3.9M · modeled $132.9M (est)Gatsby Labs, Inc. · Seed Raised $3.9M · modeled $131.2M (est)Parallel Systems, Inc. · Seed Raised $3.8M · modeled $129.5M (est)Aereus Technologies Inc. · Seed Raised $3.7M · modeled $127.7M (est)EPAM Systems, Inc. · Seed Raised $3.6M · modeled $121.4M (est)Sharp Edge Labs, Inc. · Seed Raised $6.5M · modeled $120.9M (est)Timber Technologies, Inc. · Seed Raised $6.3M · modeled $119.3M (est)Global Data Consortium, Inc. · Seed Raised $3.6M · modeled $119.3M (est)Turbo Systems, Inc. · Seed Raised $3.4M · modeled $114.5M (est)Dune Labs Inc. · Seed Raised $3.8M · modeled $114.0M (est)Class 1 Nickel & Technologies Ltd (this company) Raised $2.4M · modeled $68.7M (est)Class 1 Nickel & Technologies Ltd
CompanyStageRaised · realValue · estvs peer med.
OneSky Systems, Inc.Seed$4.0M$136.3M2.73×
Mona Labs Inc.Seed$3.9M$132.9M2.67×
Toro Data Labs, IncSeed$3.9M$132.9M2.67×
Gatsby Labs, Inc.Seed$3.9M$131.2M2.63×
Parallel Systems, Inc.Seed$3.8M$129.5M2.60×
Aereus Technologies Inc.Seed$3.7M$127.7M2.56×
EPAM Systems, Inc.Seed$3.6M$121.4M2.43×
Sharp Edge Labs, Inc.Seed$6.5M$120.9M2.42×
Timber Technologies, Inc.Seed$6.3M$119.3M2.39×
Global Data Consortium, Inc.Seed$3.6M$119.3M2.39×
Turbo Systems, Inc.Seed$3.4M$114.5M2.30×
Dune Labs Inc.Seed$3.8M$114.0M2.29×
Class 1 Nickel & Technologies Ltd this companySeed$2.4M$68.7M1.38×
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$2.4M2020-11-04$11.9M$68.7M90%
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. Seed$2.4M2020-11-04
    • First recorded raise — entered as Seed.
    • 3 investors on this round.
Intelligence
—
Modeled next raise
$3.8M
Modeled next size est.range $2.5M–$6.1M
—
Last step-up
—
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
Benjamin Cooper——2020-11
David Crevier——2020-11
David Fitch——2020-11
Mathew Gilbertson——2020-11
Taylor Dignan——2020-11
Registry & provenance

Class 1 Nickel & Technologies Ltd 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
1833326
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
1020 Digital, LLCSoftware / TechSeed$2.4M$53.8Msame sector · same stage
Airspace Experience Technologies, Inc.Software / TechSeed$2.4M$53.9Msame sector · same stage
Concert Cloud, Inc.Software / TechSeed$2.4M$80.7Msame sector · same stage
Sneaker Con Digital Inc.Software / TechSeed$2.4M$57.9Msame sector · same stage
Code Systems CorpSoftware / TechSeed$2.4M$80.4Msame sector · same stage
Proximo Data Inc.Software / TechSeed$2.4M$81.8Msame sector · same stage
Data Gran, Inc.Software / TechSeed$2.4M$80.1Msame sector · same stage
Labrador Systems, Inc.Software / TechSeed$2.3M$80.1Msame 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
Nickel Technology Inc.Software / TechSeries A$48.4M87%
Class 3 Technologies, Inc.Software / TechSeed$5.9M82%
NetClass Technology IncSoftware / TechSeed$6.6M81%
Class Over Inc. / DEOther TechnologyPre-Seed$1.3M80%
Layer1 Technologies Inc.Software / TechSeries B$720.6M79%
Niricson Software Inc.Software / TechSeed$13.8M78%
CM1 Technologies, Inc.Software / TechPre-Seed$24.6M78%
Numeral Technologies, Inc.Software / TechSeed$30.7M78%
Frequently asked
How much funding has Class 1 Nickel & Technologies Ltd raised?
Class 1 Nickel & Technologies Ltd has raised approximately $2.4M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Class 1 Nickel & Technologies Ltd's estimated valuation?
Provath's modeled valuation for Class 1 Nickel & Technologies Ltd is approximately $68.7M (modeled range $2.1M–$491.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Class 1 Nickel & Technologies Ltd at?
Class 1 Nickel & Technologies Ltd's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Nov 04.
What does Class 1 Nickel & Technologies Ltd do and where is it based?
Class 1 Nickel & Technologies Ltd operates in the Software / Tech sector, based in TORONTO.
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