Companies · Software / Tech

Field Effect Software Inc.

OTTAWA · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Field Effect Software Inc. — recommendation, valuation, rhythm, risks.
$23.0M
Total raised · real
2
Rounds
0.2×
Latest step-up
Top 19%
Sector rank · raised
Series B
Latest stage · inferred · Thu Aug 28 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Field Effect Software Inc. looks under-valued against its niche peers and is active 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.

Under-valued
  • Modeled value is 0.15× the median modeled value of Series B Software / Tech companies in 2025–2027 (95 peers) — value vs value, same stage and era.
Active
  • Last raise 10 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Field Effect Software Inc. is one of 3920 Software / Tech companies tracked from OTTAWA. By capital raised it ranks in the upper tier (ahead of 82% 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)
2025-08-28
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$125M$250M$375M$500MSeries B · 2022-09-29 Raised $20M (real) Modeled valuation $277M (est)$20M$277MSeries B2022Series B · 2025-08-28 Raised $3.0M (real) Modeled valuation $15M (est)$3.0M$15MSeries B2025+$3.0MCumulative $23M

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
Series B$20.0M · 2022
Series B extension$3.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$14.9M
Base estimate est.
$7.3M
Conservative case
$21.4M
Upside case
$16.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series B · modeled $276.7M · 2022-09-292022Series B · modeled $14.9M · 2025-08-282025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
0.8 yr
Elapsed time used
0.8 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
35 mo
Avg between rounds
$7.9M/yr
Capital velocity
3.8 yr
On record since
2022
First round
2
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) 5.0× above median
This company$23.0M
Sector median$4.6M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.2× of median
This company$3.0M
Sector median$19.9M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$14.9M
Sector median$36.6M

Raised more than 82% of sector peers (real $). Modeled value above 34% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #86 of 95.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Machina Labs, Inc. · Series B Raised $70.2M · modeled $205.6M (est)Metaview Technologies Inc. · Series B Raised $51.7M · modeled $198.0M (est)Felix Technologies Inc. · Series B Raised $61.1M · modeled $194.6M (est)Foxglove Technologies Inc. · Series B Raised $58.0M · modeled $190.8M (est)NetBox Labs, Inc. · Series B Raised $53.3M · modeled $184.8M (est)Omni Design Technologies, Inc. · Series B Raised $34.3M · modeled $182.7M (est)Alaffia Technology Solutions, Inc. · Series B Raised $57.3M · modeled $182.6M (est)Rivington Labs Inc. · Series B Raised $59.6M · modeled $176.4M (est)Labs Companies, Inc. · Series B Raised $57.5M · modeled $175.4M (est)Reveal Technology, Inc. · Series B Raised $28.5M · modeled $159.7M (est)Architect Financial Technologies Inc. · Series B Raised $52.5M · modeled $158.8M (est)Pylon Labs, Inc. · Series B Raised $49.7M · modeled $156.3M (est)Field Effect Software Inc. (this company) Raised $23.0M · modeled $14.9M (est)Field Effect Software Inc.
CompanyStageRaised · realValue · estvs peer med.
Machina Labs, Inc.Series B$70.2M$205.6M2.07×
Metaview Technologies Inc.Series B$51.7M$198.0M2.00×
Felix Technologies Inc.Series B$61.1M$194.6M1.96×
Foxglove Technologies Inc.Series B$58.0M$190.8M1.92×
NetBox Labs, Inc.Series B$53.3M$184.8M1.86×
Omni Design Technologies, Inc.Series B$34.3M$182.7M1.84×
Alaffia Technology Solutions, Inc.Series B$57.3M$182.6M1.84×
Rivington Labs Inc.Series B$59.6M$176.4M1.78×
Labs Companies, Inc.Series B$57.5M$175.4M1.77×
Reveal Technology, Inc.Series B$28.5M$159.7M1.61×
Architect Financial Technologies Inc.Series B$52.5M$158.8M1.60×
Pylon Labs, Inc.Series B$49.7M$156.3M1.58×
Field Effect Software Inc. this companySeries B$23.0M$14.9M0.15×
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.
Series B$20.0M2022-09-29$111.1M$276.7M90%
Series B$3.0M2025-08-28$16.7M$14.9M90%
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. Series B$20.0M2022-09-29
    • First recorded raise — entered as Series B.
    • 1 investor on this round.
  2. Series B$3.0M2025-08-28
    • Raised again after 35 mo — slower than the ~13 mo sector norm.
    • Round 6.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2028 ~Q3
Modeled next raise · ~35mo cadence
$3.0M
Modeled next size est.range $3.0M$4.8M
0.2×
Last step-up
$7.9M/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
Lenard Marcus10 other2022-09
Mariann McDonagh1 other2022-09
Matthew Holland1 other2022-09
Alex Yanitsky2025-08
Andrew Loschmann2022-09
David Curley2025-08
Heather Kreker2025-08
Matt Mullenweg2025-08
Peter Hunter2022-09
Registry & provenance

Field Effect Software 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
1950258
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
STACK Construction Technologies, Inc.Software / TechSeries B$22.0M$15.3Msame sector · same stage
Katmai Tech Inc.Software / TechSeries B$19.3M$15.3Msame sector · same stage
Forj Software, Inc.Software / TechSeries B$28.1M$12.9Msame sector · same stage
98point6 Technologies Inc.Software / TechSeries B$32.1M$12.4Msame sector · same stage
Web 3.0 Technologies FoundationSoftware / TechSeries B$33.3M$15.5Msame sector · same stage
Cargo Systems Inc.Software / TechSeries B$37.0M$11.1Msame sector · same stage
Intrinergy, LLCOther EnergySeries B$16.0M$186.2Mnetwork1 shared operator · same stage
PostProcess Technologies, Inc.Software / TechSeries B$62.8M$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
Light Field Lab, Inc.Software / TechSeries A$180.3M84%
FieldVine, Inc.Other TechnologyPre-Seed$8.5M83%
Fieldcraft, Inc.Other TechnologyPre-Seed$8.3M82%
Field Complete Inc.Other TechnologySeed$16.8M81%
FieldEye Inc.OtherSeries A$9.3M81%
Wellfield Technologies Inc.Software / TechSeries A$56.0M80%
Field Intelligence Inc.
Nigerian e-health startup Field Intelligence has closed a Series A funding round worth US$3.6 million to fund the scale up of Shelf Life, the technology-enabled supply chain finance platform for pharmacies in Africa.
AI / MLSeries A$77.0M80%
Field Squared, Inc.Other TechnologySeed$18.7M80%
Frequently asked
How much funding has Field Effect Software Inc. raised?
Field Effect Software Inc. has raised approximately $23.0M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Field Effect Software Inc.'s estimated valuation?
Provath's modeled valuation for Field Effect Software Inc. is approximately $14.9M (modeled range $7.3M–$21.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Field Effect Software Inc. at?
Field Effect Software Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Aug 28.
What does Field Effect Software Inc. do and where is it based?
Field Effect Software Inc. operates in the Software / Tech sector, based in OTTAWA.
Explore related

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