Companies · Other Technology

First Wave Technologies, Inc.

BATAVIA · Other Technology

Diligence memoA one-page analyst read on First Wave Technologies, Inc. — recommendation, valuation, rhythm, risks.
$2.7M
Total raised · real
4
Rounds
0.3×
Latest step-up
Top 55%
Sector rank · raised
Seed
Latest stage · inferred · Mon Aug 25 2014 00:00:00 GMT+0000 (Coordinated Universal Time)

First Wave Technologies, Inc. looks under-valued 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.

Under-valued
  • Modeled value is 0.25× the median modeled value of Seed Other Technology companies in 2013–2015 (1027 peers) — value vs value, same stage and era.
Dormant
  • Last raise 11.9 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 Other Technology

First Wave Technologies, Inc. is one of 21302 Other Technology companies tracked from BATAVIA. By capital raised it ranks mid-pack (ahead of 46% 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
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$13M$25M$38M$50MPre-Seed · 2010-04-09 Raised $535K (real) Modeled valuation $23M (est)$535K$23MPre-Seed2010Pre-Seed · 2010-04-09 Raised $510K (real) Modeled valuation $22M (est)$510K$22MPre-Seed2010Seed · 2012-07-03 Raised $1.3M (real) Modeled valuation $43M (est)$1.3M$43MSeed2012Seed · 2012-07-03 Raised $1.3M (real) Modeled valuation $43M (est)$1.3M$43MSeed2012Seed · 2014-08-25 Raised $395K (real) Modeled valuation $13M (est)$395K$13MSeed2014+$510K+$1.3M+$1.3M+$395KCumulative $4.0M

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$535K · 2010
Pre-Seed extension$510K · 2010
Seed$1.3M · 2012
Seed extension$1.3M · 2012
Seed extension$395K · 2014

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

Modeled valuation trajectory
$13.5M
Base estimate est.
$348K
Conservative case
$105.6M
Upside case
$2.0M
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 technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $22.7M · 2010-04-092010Pre-Seed · modeled $21.6M · 2010-04-09Seed · modeled $43.0M · 2012-07-03Seed · modeled $43.0M · 2012-07-03Seed · modeled $13.5M · 2014-08-252014
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 61% high
1.61×/yr
Annual markup
2.11×/yr upside case
6.0 yr
Elapsed time used
11.8 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$617K/yr
Capital velocity
16.2 yr
On record since
2010
First round
5
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. 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) 0.9× of median
This company$2.7M
Sector median$3.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.2× of median
This company$395K
Sector median$1.8M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$13.5M
Sector median$37.3M

Raised more than 46% of sector peers (real $). Modeled value above 29% 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 #954 of 1,027.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Database Solutions, Inc. · Seed Raised $4.0M · modeled $136.3M (est)BAK USA Technologies Corp. · Seed Raised $4.0M · modeled $136.3M (est)OpenFin Inc. · Seed Raised $6.6M · modeled $136.3M (est)Golfkick Llc · Seed Raised $4.0M · modeled $136.3M (est)CourseHorse, Inc. · Seed Raised $7.5M · modeled $136.3M (est)HoneyApps, Inc. · Seed Raised $6.0M · modeled $136.3M (est)Fishbowl, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Gamgee, Inc. · Seed Raised $6.5M · modeled $136.3M (est)DreamFactory Software, Inc · Seed Raised $7.5M · modeled $136.3M (est)Pixel Labs, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Sipx, Inc. · Seed Raised $6.4M · modeled $136.3M (est)StepOne, Inc. · Seed Raised $4.0M · modeled $136.0M (est)First Wave Technologies, Inc. (this company) Raised $2.7M · modeled $13.5M (est)First Wave Technologies, Inc.
CompanyStageRaised · realValue · estvs peer med.
Database Solutions, Inc.Seed$4.0M$136.3M2.51×
BAK USA Technologies Corp.Seed$4.0M$136.3M2.51×
OpenFin Inc.Seed$6.6M$136.3M2.51×
Golfkick LlcSeed$4.0M$136.3M2.51×
CourseHorse, Inc.Seed$7.5M$136.3M2.51×
HoneyApps, Inc.Seed$6.0M$136.3M2.51×
Fishbowl, Inc.Seed$4.0M$136.3M2.51×
Gamgee, Inc.Seed$6.5M$136.3M2.51×
DreamFactory Software, IncSeed$7.5M$136.3M2.51×
Pixel Labs, Inc.Seed$4.0M$136.3M2.51×
Sipx, Inc.Seed$6.4M$136.3M2.51×
StepOne, Inc.Seed$4.0M$136.0M2.51×
First Wave Technologies, Inc. this companySeed$2.7M$13.5M0.25×
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$535K2010-04-09$3.0M$22.7M90%
Pre-Seed$510K2010-04-09$2.8M$21.6M90%
Seed$1.3M2012-07-03$6.3M$43.0M90%
Seed$1.3M2012-07-03$6.3M$43.0M90%
Seed$395K2014-08-25$2.0M$13.5M90%
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$535K2010-04-09
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$510K2010-04-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  3. Seed$1.3M2012-07-03
    • Raised again after 27 mo — slower than the ~13 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
  4. Seed$1.3M2012-07-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  5. Seed$395K2014-08-25
    • Raised again after 26 mo — slower than the ~13 mo sector norm.
    • Round 3.2× smaller than the prior — bridge or down round.
Intelligence
2015 ~Q3
Modeled next raise · ~13mo cadence
$395K
Modeled next size est.range $395K$632K
0.3×
Last step-up
$617K/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
EUGENE A. BAUER6 other2012-07
Gene E. Burleson4 other2010-04
Keith A. Blakely2 other2010-04
Alastair J Clemow1 other2014-08
Alfred D Culliton1 other2010-04
Brian D Bell1 other2010-04
Joel D Kanter1 other2010-04
Joel E Kanter1 other2010-04
Joel Kanter1 other2012-07
R. Dean E Hautamaki1 other2012-07
Wayne R. Hellman1 other2012-07
Diane J McMahon2010-04
EJ D Walton2010-04
EJ E Walton2010-04
Ramji D Gupta2010-04
Ramji E Gupta2010-04
Scott D Horrigan2010-04
Registry & provenance

First Wave Technologies, 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
1488825
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
First Wave Products Group, LLCOther TechnologyPre-Seed$130K$5.5Mnetwork7 shared operators · same sector
Medisync Bioservices IncOther Health CarePre-Seed$625K$19.3Mnetwork3 shared operators
Fresh Vintage, Inc.Other TechnologySeed$2.7M$13.0Msame sector · same stage
GlassPoint, Inc.Other TechnologySeed$2.7M$13.8Msame sector · same stage
Acacia Living, Inc.Other TechnologySeed$2.7M$13.6Msame sector · same stage
Capital Processing International, Inc.Other TechnologySeed$2.6M$13.9Msame sector · same stage
ClearPath, Inc.Other TechnologySeed$2.8M$13.6Msame sector · same stage
TEDU, Inc.Other TechnologySeed$2.9M$14.0Msame sector · same stage
Frequently asked
How much funding has First Wave Technologies, Inc. raised?
First Wave Technologies, Inc. has raised approximately $2.7M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is First Wave Technologies, Inc.'s estimated valuation?
Provath's modeled valuation for First Wave Technologies, Inc. is approximately $13.5M (modeled range $348K–$105.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is First Wave Technologies, Inc. at?
First Wave Technologies, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Aug 25.
What does First Wave Technologies, Inc. do and where is it based?
First Wave Technologies, Inc. operates in the Other Technology sector, based in BATAVIA.
Explore related

See where First Wave Technologies, 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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