Companies · Other Technology

HcT2 Co

PORTLAND · Other Technology

Diligence memoA one-page analyst read on HcT2 Co — recommendation, valuation, rhythm, risks.
$9.2M
Total raised · real
3
Rounds
2.2×
Latest step-up
Top 30%
Sector rank · raised
Series A
Latest stage · inferred · Thu Jan 11 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

HcT2 Co looks fair 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.

Fair
  • Modeled value is 0.96× the median modeled value of Series A Other Technology companies in 2016–2018 (815 peers) — value vs value, same stage and era.
  • Within the normal band (96% of peer median) for its niche.
Dormant
  • Last raise 8.5 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

HcT2 Co is one of 21292 Other Technology companies tracked from PORTLAND. By capital raised it ranks in the upper tier (ahead of 71% of sector peers), and in the upper tier 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
17
Investors (latest)
2015
Year incorporated
2018-01-11
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$50M$100M$150M$200MSeed · 2013-07-29 Raised $1.2M (real) Modeled valuation $40M (est)$1.2M$40MSeed2013Pre-Seed · 2013-07-29 Raised $245K (real) Modeled valuation $10M (est)$245K$10MPre-Seed2013Seed · 2016-02-17 Raised $1.2M (real) Modeled valuation $39M (est)$1.2M$39MSeed2016Seed · 2016-02-17 Raised $2.5M (real) Modeled valuation $85M (est)$2.5M$85MSeed2016Series A · 2018-01-11 Raised $5.5M (real) Modeled valuation $153M (est)$5.5M$153MSeries A2018+$245K+$1.2M+$2.5M+$5.5MCumulative $11M

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
Seed$1.2M · 2013
Bridge · Seed-stage$245K · 2013smaller follow-on
Seed extension$1.2M · 2016
Seed extension$2.5M · 2016
Series A$5.5M · 2018

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

Modeled valuation trajectory
$153.4M
Base estimate est.
$7.4M
Conservative case
$834.0M
Upside case
$25.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $39.5M · 2013-07-292013Pre-Seed · modeled $10.4M · 2013-07-29Seed · modeled $39.4M · 2016-02-17Seed · modeled $85.2M · 2016-02-17Series A · modeled $153.4M · 2018-01-112018
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
6.0 yr
Elapsed time used
8.5 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$2.1M/yr
Capital velocity
12.9 yr
On record since
2013
First round
5
Rounds on file
How it compares to the market

Benchmarked against 21292 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) 2.9× above median
This company$9.2M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.0× of median
This company$5.5M
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 4.1× above median
This company$153.4M
Sector median$37.3M

Raised more than 71% of sector peers (real $). Modeled value above 80% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #422 of 815.

This companyCohort peer
$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Kaarya LLC · Series A Raised $15.0M · modeled $416.1M (est)VictorOps, Inc. · Series A Raised $36.3M · modeled $416.1M (est)Ephesoft Inc. · Series A Raised $15.0M · modeled $416.1M (est)Stay Alfred, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Rubica, Inc. · Series A Raised $16.6M · modeled $416.1M (est)Resilinc Corp · Series A Raised $15.0M · modeled $416.1M (est)DiCentral Corp · Series A Raised $15.0M · modeled $416.1M (est)Celect, Inc. · Series A Raised $30.1M · modeled $416.1M (est)PocketWatch, Inc. · Series A Raised $16.8M · modeled $416.1M (est)MobileCause, Inc. · Series A Raised $24.6M · modeled $416.1M (est)DynamicAction Holdings, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Bench Accounting, Inc. · Series A Raised $29.9M · modeled $416.1M (est)HcT2 Co (this company) Raised $9.2M · modeled $153.4M (est)HcT2 Co
CompanyStageRaised · realValue · estvs peer med.
Kaarya LLCSeries A$15.0M$416.1M2.60×
VictorOps, Inc.Series A$36.3M$416.1M2.60×
Ephesoft Inc.Series A$15.0M$416.1M2.60×
Stay Alfred, Inc.Series A$15.0M$416.1M2.60×
Rubica, Inc.Series A$16.6M$416.1M2.60×
Resilinc CorpSeries A$15.0M$416.1M2.60×
DiCentral CorpSeries A$15.0M$416.1M2.60×
Celect, Inc.Series A$30.1M$416.1M2.60×
PocketWatch, Inc.Series A$16.8M$416.1M2.60×
MobileCause, Inc.Series A$24.6M$416.1M2.60×
DynamicAction Holdings, Inc.Series A$15.0M$416.1M2.60×
Bench Accounting, Inc.Series A$29.9M$416.1M2.60×
HcT2 Co this companySeries A$9.2M$153.4M0.96×
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.
Seed$1.2M2013-07-29$5.8M$39.5M85%
Pre-Seed$245K2013-07-29$1.4M$10.4M85%
Seed$1.2M2016-02-17$5.8M$39.4M85%
Seed$2.5M2016-02-17$12.5M$85.2M85%
Series A$5.5M2018-01-11$25.1M$153.4M90%
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. Seed$1.2M2013-07-29
    • First recorded raise — entered as Seed.
    • 35 investors on this round.
  2. Pre-Seed$245K2013-07-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.7× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  3. Seed$1.2M2016-02-17
    • Raised again after 31 mo — slower than the ~13 mo sector norm.
    • Round 4.7× larger than the prior — scaling up.
    • 21 investors on this round.
  4. Seed$2.5M2016-02-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.2× larger than the prior — scaling up.
    • 24 investors on this round.
  5. Series A$5.5M2018-01-11
    • Raised again after 23 mo — slower than the ~13 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • 17 investors on this round.
Intelligence
2019 ~Q1
Modeled next raise · ~13mo cadence
$12.2M
Modeled next size est.range $7.9M$19.6M
2.2×
Last step-up
$2.1M/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
Patrick Mathieson3 other2016-02
Bobby Bahram2 other2016-02
Aloysius Fobi1 other2016-02
Paul Nadeau1 other2018-01
Joseph Novello2018-01
Joseph Novello IV2013-07
Registry & provenance

HcT2 Co 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
1583546
SEC CIK
2015
Incorporated
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
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Arbol Inc.Other TechnologySeries A$9.1M$156.9Msame sector · same stage
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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
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NewCo H2O LLCOther TechnologySeed$15.0M84%
T2D2, Inc.Other TechnologyPre-Seed$6.5M84%
H2scan CorpOther TechnologySeries C$1.4B84%
No-H2O USA IncOther TechnologySeed$24.7M84%
Ht Acquisition IncOther TechnologySeries D+$972.2M84%
Deuterium Energetics LTDOther TechnologyPre-Seed$3.0M83%
Skt2, LlcOther TechnologySeed$9.7M83%
Frequently asked
How much funding has HcT2 Co raised?
HcT2 Co has raised approximately $9.2M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is HcT2 Co's estimated valuation?
Provath's modeled valuation for HcT2 Co is approximately $153.4M (modeled range $7.4M–$834.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is HcT2 Co at?
HcT2 Co's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Jan 11.
What does HcT2 Co do and where is it based?
HcT2 Co operates in the Other Technology sector, based in PORTLAND.
Explore related

See where HcT2 Co sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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