Companies · Other Technology

H2O Innovation Inc.

QUEBEC · Other Technology

Diligence memoA one-page analyst read on H2O Innovation Inc. — recommendation, valuation, rhythm, risks.
$2.4M
Total raised · real
4
Rounds
12.8×
Latest step-up
Top 57%
Sector rank · raised
Seed
Latest stage · inferred · Wed Dec 15 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

H2O Innovation 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 0.61× the median modeled value of Seed Other Technology companies in 2019–2021 (1049 peers) — value vs value, same stage and era.
  • Issuer reports $100M+ revenue while modeled below niche peers.
Dormant
  • Last raise 4.5 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

H2O Innovation Inc. is one of 21302 Other Technology companies tracked from QUEBEC. By capital raised it ranks mid-pack (ahead of 44% 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
$100M+
Issuer revenue
Rule 506(b)
Reg D exemption
3
Investors (latest)
2021-12-15
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$13M$25M$38M$50MPre-Seed · 2018-11-30 Raised $195K (real) Modeled valuation $8.3M (est)$195K$8.3MPre-Seed2018Pre-Seed · 2019-11-14 Raised $122K (real) Modeled valuation $5.2M (est)$122K$5.2MPre-Seed2019Pre-Seed · 2021-12-15 Raised $149K (real) Modeled valuation $2.9M (est)$149K$2.9MPre-Seed2021Seed · 2021-12-15 Raised $1.9M (real) Modeled valuation $32M (est)$1.9M$32MSeed2021+$122K+$149K+$1.9MCumulative $2.4M

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$195K · 2018
Pre-Seed extension$122K · 2019
Pre-Seed extension$149K · 2021
Seed$1.9M · 2021

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

Modeled valuation trajectory
$32.4M
Base estimate est.
$1.7M
Conservative case
$171.5M
Upside case
$9.5M
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 $8.3M · 2018-11-302018Pre-Seed · modeled $5.2M · 2019-11-14Pre-Seed · modeled $2.9M · 2021-12-15Seed · modeled $32.4M · 2021-12-152021
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
4.5 yr
Elapsed time used
4.5 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$778K/yr
Capital velocity
7.6 yr
On record since
2018
First round
4
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) 0.7× of median
This company$2.4M
Sector median$3.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.1× above median
This company$1.9M
Sector median$1.8M
Modeled value — vs sector median (estimate, all stages) 0.9× of median
This company$32.4M
Sector median$37.3M

Raised more than 44% of sector peers (real $). Modeled value above 47% 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 #789 of 1,049.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Platypus Institute Inc. · Seed Raised $6.5M · modeled $136.3M (est)Pointivo, Inc. · Seed Raised $5.4M · modeled $136.3M (est)RealtimeX Inc. · Seed Raised $4.0M · modeled $136.3M (est)Scholastic Network Partners, LLC · Seed Raised $4.0M · modeled $136.3M (est)Social Circle, LLC · Seed Raised $4.5M · modeled $136.3M (est)Altinity Inc. · Seed Raised $6.9M · modeled $136.3M (est)Thundra, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Sideqik, Inc. · Seed Raised $4.0M · modeled $136.3M (est)LevelOps Inc. · Seed Raised $4.0M · modeled $136.3M (est)Zebrium, Inc. · Seed Raised $7.3M · modeled $136.3M (est)Datawire, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Centercode, Inc. · Seed Raised $7.5M · modeled $136.3M (est)H2O Innovation Inc. (this company) Raised $2.4M · modeled $32.4M (est)H2O Innovation Inc.
CompanyStageRaised · realValue · estvs peer med.
Platypus Institute Inc.Seed$6.5M$136.3M2.57×
Pointivo, Inc.Seed$5.4M$136.3M2.57×
RealtimeX Inc.Seed$4.0M$136.3M2.57×
Scholastic Network Partners, LLCSeed$4.0M$136.3M2.57×
Social Circle, LLCSeed$4.5M$136.3M2.57×
Altinity Inc.Seed$6.9M$136.3M2.57×
Thundra, Inc.Seed$4.0M$136.3M2.57×
Sideqik, Inc.Seed$4.0M$136.3M2.57×
LevelOps Inc.Seed$4.0M$136.3M2.57×
Zebrium, Inc.Seed$7.3M$136.3M2.57×
Datawire, Inc.Seed$4.0M$136.3M2.57×
Centercode, Inc.Seed$7.5M$136.3M2.57×
H2O Innovation Inc. this companySeed$2.4M$32.4M0.61×
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$195K2018-11-30$1.1M$8.3M90%
Pre-Seed$122K2019-11-14$678K$5.2M90%
Pre-Seed$149K2021-12-15$825K$2.9M90%
Seed$1.9M2021-12-15$9.5M$32.4M90%
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$195K2018-11-30
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Pre-Seed$122K2019-11-14
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • Revenue band moved $25M–$100M → $100M+.
    • 2 investors on this round.
  3. Pre-Seed$149K2021-12-15
    • Raised again after 25 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 4 investors on this round.
  4. Seed$1.9M2021-12-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 12.8× larger than the prior — scaling up.
    • 3 investors on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~12mo cadence
$5.7M
Modeled next size est.range $3.7M$9.1M
12.8×
Last step-up
$778K/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
Elisa Speranza1 other2021-12
Gregory Madden1 other2021-12
Robert Comeau1 other2019-11
EDITH ALLAIN2019-11
Frederic Dugre2018-11
GUILLAUME A. CLAIRET2018-11
Guillaume Clairet2019-11
JEAN-REAL A. POIRIER2018-11
LISA A. HENTHORNE2018-11
Lisa Henthorne2019-11
Louis Veronneau2021-12
MARC A. BLANCHET2018-11
Marc Blanchet2019-11
PIERRE A. COTE2018-11
Pierre Cote2019-11
Rene Vachon2019-11
RICHARD A. HOEL2018-11
Richard Hoel2019-11
ROBERT A. COMEAU2018-11
Stephane Guerin2019-11
STEPHEN A. DAVIS2018-11
Registry & provenance

H2O Innovation 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
1761181
SEC CIK
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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.

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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
H2Ok Innovations Inc.Other TechnologySeries A$54.8M93%
NewCo H2O LLCOther TechnologySeed$15.0M91%
No-H2O USA IncOther TechnologySeed$24.7M91%
BH2 Innovations Inc.Other TechnologyPre-Seed$11.7M89%
Hykso Inc.Other TechnologySeries C$2.8B88%
Cascadeo CorpOther TechnologyPre-Seed$10.6M87%
Hyliion Inc.Other TechnologySeries A$166.4M87%
Ni2o, Inc.Other TechnologySeed$17.1M87%
Frequently asked
How much funding has H2O Innovation Inc. raised?
H2O Innovation Inc. has raised approximately $2.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is H2O Innovation Inc.'s estimated valuation?
Provath's modeled valuation for H2O Innovation Inc. is approximately $32.4M (modeled range $1.7M–$171.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is H2O Innovation Inc. at?
H2O Innovation Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Dec 15.
What does H2O Innovation Inc. do and where is it based?
H2O Innovation Inc. operates in the Other Technology sector, based in QUEBEC.
Explore related

See where H2O Innovation 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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