Diligence memo · auto-generated · as of July 3, 2026
Explosive Technology (Hong Kong) Ltd
Explosive Technology (Hong Kong) Ltd looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Explosive Technology (Hong Kong) Ltd operates in Business Services, based in HONG KONG.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Explosive Technology (Hong Kong) Ltd has raised $5.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.0M on 2024-12-09.
Most recent recorded round closed around 2024-12-09.
Valuation (modeled)modeled
Provath models Explosive Technology (Hong Kong) Ltd at approximately $22M (range $7.0M–$43M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.53× the median modeled value of Series A Business Services companies in 2022–2024 (68 peers) — value vs value, same stage and era. Issuer reports $1M–$5M revenue while modeled below niche peers.
Financing rhythm & timingmixed
Last raise 19 mo ago; this sector typically re-raises about every 12 months.
Slightly overdue versus sector cadence.
Comparablesmixed
Capital scale ranks ahead of 78% of Business Services peers (2439 compared).
Modeled value ranks above 66% of those peers.
Closest niche peers: GrayMeta, Inc., Klick Ventures Inc., Roo Veterinary, Inc., RK Logistics Holdings Inc., Semify Holdings, LLC.
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.