Companies · Retailing

FanXchange Ltd

TORONTO · Retailing

Diligence memoA one-page analyst read on FanXchange Ltd — recommendation, valuation, rhythm, risks.
$4.3M
Total raised · real
2
Rounds
0.5×
Latest step-up
Top 33%
Sector rank · raised
Seed
Latest stage · inferred · Fri Aug 18 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

FanXchange 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 retail 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 1.11× the median modeled value of Seed Retailing companies in 2016–2018 (115 peers) — value vs value, same stage and era.
  • Within the normal band (111% of peer median) for its niche.
Dormant
  • Last raise 8.9 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
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 Retailing

FanXchange Ltd is one of 2347 Retailing companies tracked from TORONTO. By capital raised it ranks mid-pack (ahead of 68% 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
Rule 506(b)
Reg D exemption
3
Investors (latest)
2017-08-18
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$20MSeed · 2016-05-05 Raised $2.3M (real) Modeled valuation $15M (est)$2.3M$15MSeed2016Seed · 2017-08-18 Raised $2.0M (real) Modeled valuation $13M (est)$2.0M$13MSeed2017Pre-Seed · 2017-08-18 Raised $1.0M (real) Modeled valuation $7.8M (est)$1.0M$7.8MPre-Seed2017+$2.0M+$1.0MCumulative $5.3M

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$2.3M · 2016
Seed extension$2.0M · 2017
Bridge · Seed-stage$1.0M · 2017smaller follow-on

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

Modeled valuation trajectory
$12.6M
Base estimate est.
$1.6M
Conservative case
$99.0M
Upside case
$10.0M
Modeled post-money

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

Seed · modeled $14.5M · 2016-05-052016Seed · modeled $12.6M · 2017-08-18Pre-Seed · modeled $7.8M · 2017-08-182017
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
36%
Survival probability
16% low · 56% high
1.23×/yr
Annual markup
1.61×/yr upside case
6.0 yr
Elapsed time used
8.9 yr actual, capped for stale marks
retail
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$3.3M/yr
Capital velocity
10.2 yr
On record since
2016
First round
3
Rounds on file
How it compares to the market

Benchmarked against 2347 companies in Retailing. 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) 2.7× above median
This company$4.3M
Sector median$1.6M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.6× of median
This company$1.0M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 2.2× above median
This company$12.6M
Sector median$5.8M

Raised more than 68% of sector peers (real $). Modeled value above 68% 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 #47 of 115.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)BeautyCon Media, Inc. · Seed Raised $4.0M · modeled $25.2M (est)Beaufort Buligo LP · Seed Raised $3.9M · modeled $24.5M (est)Emagine Frankfort Llc · Seed Raised $3.9M · modeled $24.4M (est)VJCS Holdings, Inc. · Seed Raised $3.8M · modeled $23.7M (est)Indie Lee & Co., Inc. · Seed Raised $3.7M · modeled $23.3M (est)Performance Systems Integration, LLC · Seed Raised $3.7M · modeled $23.3M (est)CBF Holdings Inc. · Seed Raised $3.5M · modeled $22.1M (est)DERMAdoctor, LLC · Seed Raised $3.5M · modeled $22.1M (est)Route Four LLC · Seed Raised $3.5M · modeled $22.1M (est)Center For Goods LLC · Seed Raised $3.5M · modeled $22.1M (est)Tot Baby Corp · Seed Raised $6.2M · modeled $21.2M (est)JuiceDelivery, LLC · Seed Raised $5.3M · modeled $20.4M (est)FanXchange Ltd (this company) Raised $4.3M · modeled $12.6M (est)FanXchange Ltd
CompanyStageRaised · realValue · estvs peer med.
BeautyCon Media, Inc.Seed$4.0M$25.2M2.22×
Beaufort Buligo LPSeed$3.9M$24.5M2.16×
Emagine Frankfort LlcSeed$3.9M$24.4M2.15×
VJCS Holdings, Inc.Seed$3.8M$23.7M2.08×
Indie Lee & Co., Inc.Seed$3.7M$23.3M2.05×
Performance Systems Integration, LLCSeed$3.7M$23.3M2.05×
CBF Holdings Inc.Seed$3.5M$22.1M1.94×
DERMAdoctor, LLCSeed$3.5M$22.1M1.94×
Route Four LLCSeed$3.5M$22.1M1.94×
Center For Goods LLCSeed$3.5M$22.1M1.94×
Tot Baby CorpSeed$6.2M$21.2M1.87×
JuiceDelivery, LLCSeed$5.3M$20.4M1.80×
FanXchange Ltd this companySeed$4.3M$12.6M1.11×
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$2.3M2016-05-05$11.5M$14.5M85%
Seed$2.0M2017-08-18$10.0M$12.6M90%
Pre-Seed$1.0M2017-08-18$5.6M$7.8M90%
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$2.3M2016-05-05
    • First recorded raise — entered as Seed.
    • 2 investors on this round.
  2. Seed$2.0M2017-08-18
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 4 investors on this round.
  3. Pre-Seed$1.0M2017-08-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 3 investors on this round.
Intelligence
2018 ~Q2
Modeled next raise · ~8mo cadence
$1.0M
Modeled next size est.range $1.0M$1.6M
0.5×
Last step-up
$3.3M/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
Dan Park2 other2016-05
Brandon Koffler1 other2016-05
Cam Di Prata2016-05
Tom Koffler2016-05
Registry & provenance

FanXchange 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
1674990
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
Angie'S Management Holdings, LlcRetailingSeed$4.3M$15.4Msame sector · same stage
Stryke Club, Inc.RetailingSeed$4.2M$16.6Msame sector · same stage
Raven Rock Workwear IncRetailingSeed$4.4M$14.2Msame sector · same stage
Urban Therapy, LLCRetailingSeed$4.5M$9.7Msame sector · same stage
Blue Holdings, Inc.RetailingSeed$4.1M$10.2Msame sector · same stage
Good Dye Young, Inc.RetailingSeed$4.6M$10.4Msame sector · same stage
Thomas H. Beckbe & Company, Inc.RetailingSeed$4.6M$8.3Msame sector · same stage
Yoshitsu Co., LtdRetailingSeed$4.0M$11.9Msame 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
Fanchest Inc.RetailingSeed$13.3M85%
Dongfox Enterprises LtdRetailingSeries A$11.7M83%
Shopflix Studios, Inc.RetailingSeed$9.0M82%
HeroWear Holdings, LLCRetailingSeries A$26.3M82%
MandaraRx. Inc.RetailingSeed$12.8M81%
ROMANTIC FLOWER WORLD LtdRetailingSeries A$13.2M81%
GoldieBlox, Inc.RetailingSeries B$84.9M81%
AQX Brands, Inc.RetailingPre-Seed$1.4M81%
Frequently asked
How much funding has FanXchange Ltd raised?
FanXchange Ltd has raised approximately $4.3M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is FanXchange Ltd's estimated valuation?
Provath's modeled valuation for FanXchange Ltd is approximately $12.6M (modeled range $1.6M–$99.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is FanXchange Ltd at?
FanXchange Ltd's latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Aug 18.
What does FanXchange Ltd do and where is it based?
FanXchange Ltd operates in the Retailing sector, based in TORONTO.
Explore related

See where FanXchange Ltd sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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