Companies · Software / Tech

Covalon Technologies Ltd.

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

Diligence memoA one-page analyst read on Covalon Technologies Ltd. — recommendation, valuation, rhythm, risks.→
$331K
Total raised · real
1
Rounds
—
Latest step-up
Top 89%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed Sep 18 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Covalon 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 1.22× the median modeled value of Pre-Seed Software / Tech companies in 2019–2021 (307 peers) — value vs value, same stage and era.
  • Within the normal band (122% of peer median) for its niche.
Dormant
  • Last raise 6.8 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

Covalon Technologies Ltd. is one of 3920 Software / Tech companies tracked from MISSISSAUGA. By capital raised it ranks in the long tail (ahead of 12% 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
6
Investors (latest)
2019-09-18
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$5.0M$10M$15M$20MPre-Seed · 2019-09-18 Raised $331K (real) Modeled valuation $14M (est)$331K$14MPre-Seed2019

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$331K · 2019

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

Modeled valuation trajectory
$14.0M
Base estimate est.
$216K
Conservative case
$158.8M
Upside case
$1.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seed — a round under $1.0M). 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
18%
Dilution assumption
Implied ownership sold in the financing.
29%
Survival probability
12% low · 54% high
1.72×/yr
Annual markup
2.33×/yr upside case
6.0 yr
Elapsed time used
6.8 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
7.0 yr
On record since
2019
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)▼ 0.1× of median
This company$331K
Sector median$4.6M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage)▼ 0.9× of median
This company$331K
Sector median$350K
Modeled value — vs sector median (estimate, all stages)▼ 0.4× of median
This company$14.0M
Sector median$36.6M

Raised more than 12% of sector peers (real $). Modeled value above 33% 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 #128 of 307.

This companyCohort peer
$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)AGAE Technologies LLC · Pre-Seed Raised $1.1M · modeled $42.4M (est)Sidehustle App, Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)Owl Peak Technologies, Inc · Pre-Seed Raised $1.0M · modeled $42.4M (est)Backbone Labs, Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)DLO Digital Loans, Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)1638 Digital Partners, LP · Pre-Seed Raised $1.0M · modeled $42.4M (est)Groundbreaker Technologies Inc. · Pre-Seed Raised $2.0M · modeled $42.4M (est)Asius Technologies, Llc · Pre-Seed Raised $1.4M · modeled $42.4M (est)Spectric Labs Inc · Pre-Seed Raised $1.0M · modeled $42.4M (est)Datum Tech, Inc. · Pre-Seed Raised $950K · modeled $40.2M (est)Aurora Labs, Inc. · Pre-Seed Raised $1.1M · modeled $40.2M (est)Everfit Technologies Inc. · Pre-Seed Raised $900K · modeled $38.1M (est)Covalon Technologies Ltd. (this company) Raised $331K · modeled $14.0M (est)Covalon Technologies Ltd.
CompanyStageRaised · realValue · estvs peer med.
AGAE Technologies LLCPre-Seed$1.1M$42.4M3.68×
Sidehustle App, Inc.Pre-Seed$1.0M$42.4M3.68×
Owl Peak Technologies, IncPre-Seed$1.0M$42.4M3.68×
Backbone Labs, Inc.Pre-Seed$1.0M$42.4M3.68×
DLO Digital Loans, Inc.Pre-Seed$1.0M$42.4M3.68×
1638 Digital Partners, LPPre-Seed$1.0M$42.4M3.68×
Groundbreaker Technologies Inc.Pre-Seed$2.0M$42.4M3.68×
Asius Technologies, LlcPre-Seed$1.4M$42.4M3.68×
Spectric Labs IncPre-Seed$1.0M$42.4M3.68×
Datum Tech, Inc.Pre-Seed$950K$40.2M3.50×
Aurora Labs, Inc.Pre-Seed$1.1M$40.2M3.50×
Everfit Technologies Inc.Pre-Seed$900K$38.1M3.32×
Covalon Technologies Ltd. this companyPre-Seed$331K$14.0M1.22×
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$331K2019-09-18$1.8M$14.0M90%
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$331K2019-09-18
    • First recorded raise — entered as Pre-Seed.
    • 6 investors on this round.
Intelligence
—
Modeled next raise
$529K
Modeled next size est.range $344K–$846K
—
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
Ron Smith—4 other2019-09
Ian Brindle—1 other2019-09
Abe Schwartz——2019-09
Brian Pedlar——2019-09
Danny Brannagan——2019-09
Gale Pollock——2019-09
Jeffrey Mandel——2019-09
John Suk——2019-09
Joseph Cordiano——2019-09
Myrna Francis——2019-09
Val Ditizio——2019-09
Registry & provenance

Covalon 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
1789397
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
3 Ridge Technologies Inc.Software / TechPre-Seed$330K$14.0Msame sector · same stage
Titan Digital Exchange Inc.Software / TechPre-Seed$332K$14.1Msame sector · same stage
Paladin Technologies, Inc.Software / TechPre-Seed$326K$13.8Msame sector · same stage
Open Data FoundationSoftware / TechPre-Seed$322K$13.2Msame sector · same stage
Percepta Labs, Inc.Software / TechPre-Seed$320K$12.3Msame sector · same stage
Optima Process Systems, Inc.Software / TechPre-Seed$318K$13.5Msame sector · same stage
Ovid BP Systems, Inc.Software / TechPre-Seed$316K$13.4Msame sector · same stage
Asap Lab Holdings LlcSoftware / TechPre-Seed$315K$13.3Msame 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
Coon Dog Software LLCSoftware / TechPre-Seed$6.4M84%
Valon Technologies, Inc.Software / TechSeries C$639.0M83%
Cohere Technologies, Inc.Software / TechSeries C$1.0B83%
Kevala Technologies, Inc.Software / TechSeries A$226.2M82%
Halcyon Tech, Inc.Software / TechSeries D+$1.3B82%
Helicon Technologies Holding CoSoftware / TechPre-Seed$1.7M82%
Cognovi Labs, Inc.Software / TechSeries A$46.5M81%
Coherence Technologies Inc.Software / TechSeed$10.8M81%
Frequently asked
How much funding has Covalon Technologies Ltd. raised?
Covalon Technologies Ltd. has raised approximately $331K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Covalon Technologies Ltd.'s estimated valuation?
Provath's modeled valuation for Covalon Technologies Ltd. is approximately $14.0M (modeled range $216K–$158.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Covalon Technologies Ltd. at?
Covalon Technologies Ltd.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed Sep 18.
What does Covalon Technologies Ltd. do and where is it based?
Covalon Technologies Ltd. operates in the Software / Tech sector, based in MISSISSAUGA.
Explore related

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