Companies · Software / Tech

Frain Technologies

Africa · Software / Tech

Diligence memoA one-page analyst read on Frain Technologies — recommendation, valuation, rhythm, risks.
$473K
Total raised · real
1
Rounds
Latest step-up
Top 86%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Jan 20 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Frain Technologies looks over-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.

Over-valued
  • Modeled value is 2.80× the median modeled value of Pre-Seed Software / Tech companies in 2022–2024 (288 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.4 yr ago; this sector typically re-raises about every 13 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Where it sits in Software / Tech

Frain Technologies is one of 3920 Software / Tech companies tracked from Africa. By capital raised it ranks in the long tail (ahead of 15% 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.

Nigerian developer-tooling startup Frain Technologies has raised a US$473,000 pre-seed funding round to further invest in its existing product and build new ones.

Nigerian developer-tooling startup Frain Technologies has raised a US$473,000 pre-seed funding round to further invest in its existing product and build new ones.

As reported in public records reported — not modeled.

NG
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$2.5M$5.0M$7.5M$10MPre-Seed · 2022-01-20 Raised $473K (real) Modeled valuation $8.6M (est)$473K$8.6MPre-Seed2022

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$473K · 2022

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

Modeled valuation trajectory
$8.6M
Base estimate est.
$309K
Conservative case
$60.9M
Upside case
$2.6M
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 scaled by the technology sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
29%
Survival probability
12% low · 54% high
1.72×/yr
Annual markup
2.33×/yr upside case
4.4 yr
Elapsed time used
4.4 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.4 yr
On record since
2022
First round
1
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) 0.1× of median
This company$473K
Sector median$4.6M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.4× above median
This company$473K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$8.6M
Sector median$36.6M

Raised more than 15% of sector peers (real $). Modeled value above 24% 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 #33 of 288.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Nivelo Tech Inc. · Pre-Seed Raised $1.0M · modeled $17.5M (est)Iris Technology, Inc. · Pre-Seed Raised $1.0M · modeled $16.9M (est)Enki Labs, Inc. · Pre-Seed Raised $1.5M · modeled $14.4M (est)Basketball Training Systems, Inc. · Pre-Seed Raised $900K · modeled $14.4M (est)Digital Fabrication Workshop, Inc. · Pre-Seed Raised $1.0M · modeled $14.1M (est)PureCode Software, Inc. · Pre-Seed Raised $1000K · modeled $13.2M (est)PWA Labs, Inc. · Pre-Seed Raised $945K · modeled $12.7M (est)Departure Labs Inc · Pre-Seed Raised $675K · modeled $12.6M (est)Assistiv Labs, Inc. · Pre-Seed Raised $855K · modeled $12.6M (est)Amprius Technologies, Inc. · Pre-Seed Raised $1.0M · modeled $12.6M (est)Klutch Technologies Inc. · Pre-Seed Raised $840K · modeled $12.3M (est)Taco Labs Inc. · Pre-Seed Raised $752K · modeled $12.2M (est)Frain Technologies (this company) Raised $473K · modeled $8.6M (est)Frain Technologies
CompanyStageRaised · realValue · estvs peer med.
Nivelo Tech Inc.Pre-Seed$1.0M$17.5M5.69×
Iris Technology, Inc.Pre-Seed$1.0M$16.9M5.49×
Enki Labs, Inc.Pre-Seed$1.5M$14.4M4.67×
Basketball Training Systems, Inc.Pre-Seed$900K$14.4M4.67×
Digital Fabrication Workshop, Inc.Pre-Seed$1.0M$14.1M4.57×
PureCode Software, Inc.Pre-Seed$1000K$13.2M4.29×
PWA Labs, Inc.Pre-Seed$945K$12.7M4.12×
Departure Labs IncPre-Seed$675K$12.6M4.10×
Assistiv Labs, Inc.Pre-Seed$855K$12.6M4.10×
Amprius Technologies, Inc.Pre-Seed$1.0M$12.6M4.08×
Klutch Technologies Inc.Pre-Seed$840K$12.3M4.00×
Taco Labs Inc.Pre-Seed$752K$12.2M3.97×
Frain Technologies this companyPre-Seed$473K$8.6M2.80×
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$473K2022-01-20$2.6M$8.6M45%
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$473K2022-01-20
    • First recorded raise — entered as Pre-Seed.
Intelligence
Modeled next raise
$757K
Modeled next size est.range $492K$1.2M
Last step-up
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.

Registry & provenance

Frain Technologies 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
NG
Jurisdiction
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
M3G Technology, Inc.Software / TechPre-Seed$470K$10.5Msame sector · same stage
Guardian Alliance Technologies, Inc.Software / TechPre-Seed$461K$9.6Msame sector · same stage
INTREorg SYSTEMS INC.Software / TechPre-Seed$497K$10.5Msame sector · same stage
Constituo Software LLCSoftware / TechPre-Seed$450K$8.5Msame sector · same stage
bluetech.io, inc.Software / TechPre-Seed$500K$7.2Msame sector · same stage
Cloud Pathfinder LLCSoftware / TechPre-Seed$500K$10.6Msame sector · same stage
Guardian Platform LLCSoftware / TechPre-Seed$500K$8.5Msame sector · same stage
NVTS Night Vision Technology Solutions, Inc.Software / TechPre-Seed$500K$7.0Msame sector · same stage
Frequently asked
How much funding has Frain Technologies raised?
Frain Technologies has raised approximately $473K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Frain Technologies's estimated valuation?
Provath's modeled valuation for Frain Technologies is approximately $8.6M (modeled range $309K–$60.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Frain Technologies at?
Frain Technologies's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Jan 20.
What does Frain Technologies do and where is it based?
Frain Technologies operates in the Software / Tech sector, based in Africa. Nigerian developer-tooling startup Frain Technologies has raised a US$473,000 pre-seed funding round to further invest in its existing product and build new ones.
Explore related

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

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