Companies · Other

E2Gold Inc.

TORONTO · Other

Diligence memoA one-page analyst read on E2Gold Inc. — recommendation, valuation, rhythm, risks.
$1.0M
Total raised · real
5
Rounds
0.9×
Latest step-up
Top 64%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Jun 23 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

E2Gold Inc. looks under-valued against its niche peers and is at-risk 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 0.47× the median modeled value of Pre-Seed Other companies in 2022–2024 (1723 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.0 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

E2Gold Inc. is one of 25008 Other companies tracked from TORONTO. By capital raised it ranks in the long tail (ahead of 37% 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
1
Investors (latest)
2018
Year incorporated
2023-06-23
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2021-07-19 Raised $205K (real) Modeled valuation $3.0M (est)$205K$3.0MPre-Seed2021Pre-Seed · 2021-07-19 Raised $101K (real) Modeled valuation $1.5M (est)$101K$1.5MPre-Seed2021Pre-Seed · 2022-03-16 Raised $369K (real) Modeled valuation $4.0M (est)$369K$4.0MPre-Seed2022Pre-Seed · 2022-07-07 Raised $177K (real) Modeled valuation $1.7M (est)$177K$1.7MPre-Seed2022Pre-Seed · 2023-06-23 Raised $152K (real) Modeled valuation $950K (est)$152K$950KPre-Seed2023+$101K+$369K+$177K+$152KCumulative $1.0M

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$205K · 2021
Pre-Seed extension$101K · 2021
Pre-Seed extension$369K · 2022
Pre-Seed extension$177K · 2022
Pre-Seed extension$152K · 2023

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

Modeled valuation trajectory
$950K
Base estimate est.
$101K
Conservative case
$4.4M
Upside case
$842K
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 $3.0M · 2021-07-192021Pre-Seed · modeled $1.5M · 2021-07-19Pre-Seed · modeled $4.0M · 2022-03-16Pre-Seed · modeled $1.7M · 2022-07-07Pre-Seed · modeled $950K · 2023-06-232023
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
3.0 yr
Elapsed time used
3.0 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$521K/yr
Capital velocity
5.0 yr
On record since
2021
First round
5
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) 0.5× of median
This company$1.0M
Sector median$2.0M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.4× of median
This company$152K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$950K
Sector median$17.7M

Raised more than 37% of sector peers (real $). Modeled value above 6% 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 #1435 of 1,723.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)El American Inc. · Pre-Seed Raised $1.0M · modeled $11.9M (est)AEA Hope, LLC · Pre-Seed Raised $1.0M · modeled $11.8M (est)Joy Milk Tea Inc. · Pre-Seed Raised $1.0M · modeled $11.7M (est)Manage Mindfully, Inc. · Pre-Seed Raised $1.0M · modeled $11.5M (est)ValiDateMe LLC · Pre-Seed Raised $1.0M · modeled $11.4M (est)BW-IGC, Inc. · Pre-Seed Raised $1.0M · modeled $11.3M (est)Phoenix Asset Recovery Corp · Pre-Seed Raised $1.0M · modeled $11.3M (est)Hge Fic N Llc · Pre-Seed Raised $1.0M · modeled $10.7M (est)Isegoria, Inc · Pre-Seed Raised $1.0M · modeled $10.6M (est)Brookstone VC Blaze, LLC · Pre-Seed Raised $961K · modeled $10.5M (est)Supreme Colas LLC · Pre-Seed Raised $1.0M · modeled $10.5M (est)Asian Court Holdings, Inc. · Pre-Seed Raised $897K · modeled $10.5M (est)E2Gold Inc. (this company) Raised $1.0M · modeled $950K (est)E2Gold Inc.
CompanyStageRaised · realValue · estvs peer med.
El American Inc.Pre-Seed$1.0M$11.9M5.88×
AEA Hope, LLCPre-Seed$1.0M$11.8M5.85×
Joy Milk Tea Inc.Pre-Seed$1.0M$11.7M5.77×
Manage Mindfully, Inc.Pre-Seed$1.0M$11.5M5.70×
ValiDateMe LLCPre-Seed$1.0M$11.4M5.64×
BW-IGC, Inc.Pre-Seed$1.0M$11.3M5.58×
Phoenix Asset Recovery CorpPre-Seed$1.0M$11.3M5.58×
Hge Fic N LlcPre-Seed$1.0M$10.7M5.28×
Isegoria, IncPre-Seed$1.0M$10.6M5.26×
Brookstone VC Blaze, LLCPre-Seed$961K$10.5M5.20×
Supreme Colas LLCPre-Seed$1.0M$10.5M5.18×
Asian Court Holdings, Inc.Pre-Seed$897K$10.5M5.18×
E2Gold Inc. this companyPre-Seed$1.0M$950K0.47×
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$205K2021-07-19$1.1M$3.0M90%
Pre-Seed$101K2021-07-19$563K$1.5M90%
Pre-Seed$369K2022-03-16$2.1M$4.0M90%
Pre-Seed$177K2022-07-07$984K$1.7M90%
Pre-Seed$152K2023-06-23$842K$950K90%
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$205K2021-07-19
    • First recorded raise — entered as Pre-Seed.
    • 9 investors on this round.
  2. Pre-Seed$101K2021-07-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Pre-Seed$369K2022-03-16
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 3.6× larger than the prior — scaling up.
    • 5 investors on this round.
  4. Pre-Seed$177K2022-07-07
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  5. Pre-Seed$152K2023-06-23
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~6mo cadence
$152K
Modeled next size est.range $152K$242K
0.9×
Last step-up
$521K/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
Carmelo Marrelli11 other2023-06
Peter Bojtos2 other2023-06
David Good1 other2021-07
Ellie Owens1 other2021-07
Eric Owens1 other2021-07
Erik Martin1 other2021-07
Bereket Berhe2021-07
Jeff Pritchard2023-06
Rod Thomas2021-07
Todd Hennis2021-07
Registry & provenance

E2Gold 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
1877430
SEC CIK
2018
Incorporated
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
Alexandria Minerals CorpOtherPre-Seed$975K$22.5Mnetwork1 shared operator · same sector · same stage
Tournigan Energy Ltd.OtherPre-Seed$1.3M$18.5Mnetwork1 shared operator · same sector · same stage
Fischer Watt Gold Co IncOtherPre-Seed$667K$6.9Mnetwork1 shared operator · same sector · same stage
Blue Lagoon Resources Inc.OtherPre-Seed$1.7M$1.2Mnetwork1 shared operator · same sector · same stage
Scottie Resources Corp.OtherPre-Seed$200K$489Knetwork1 shared operator · same sector · same stage
Interactive Performance Solutions LlcOtherPre-Seed$1.0M$1.0Msame sector · same stage
14 Into Mischief/Risen Miss, LlcOtherPre-Seed$1.0M$975Ksame sector · same stage
Galaxi Studio, LLCOtherPre-Seed$1.1M$917Ksame 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
ESGold Corp.OtherSeed$4.0M89%
E2P Group LLCOtherPre-Seed$1.2M85%
EMR2Capital Holdings LLCOtherPre-Seed$1.7M85%
NevGold Corp.OtherPre-Seed$1.6M85%
RxE2 Holdings, Inc.OtherSeed$49.9M84%
E Beam Holdings, Corp.OtherSeries A$183.2M83%
Gold H2, Inc.Other EnergySeries A$28.0M83%
e2 Companies LLCOther EnergySeries B$157.9M83%
Frequently asked
How much funding has E2Gold Inc. raised?
E2Gold Inc. has raised approximately $1.0M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is E2Gold Inc.'s estimated valuation?
Provath's modeled valuation for E2Gold Inc. is approximately $950K (modeled range $101K–$4.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is E2Gold Inc. at?
E2Gold Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Jun 23.
What does E2Gold Inc. do and where is it based?
E2Gold Inc. operates in the Other sector, based in TORONTO.
Explore related

See where E2Gold 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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