Diligence memo · auto-generated · as of July 2, 2026
Frain Technologies
Frain Technologies looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Frain Technologies operates in Software / Tech, 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.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Frain Technologies has raised $473K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $473K on 2022-01-20.
Most recent recorded round closed around 2022-01-20.
Valuation (modeled)modeled
Provath models Frain Technologies at approximately $8.6M (range $309K–$61M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
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.
Comparablesmixed
Capital scale ranks ahead of 15% of Software / Tech peers (3920 compared).
Modeled value ranks above 24% of those peers.
Closest niche peers: Nivelo Tech Inc., Iris Technology, Inc., Enki Labs, Inc., Basketball Training Systems, Inc., Digital Fabrication Workshop, Inc..
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.