Companies · Other

Hot Chili Ltd

Perth, WA · Other

Diligence memoA one-page analyst read on Hot Chili Ltd — recommendation, valuation, rhythm, risks.
$17.5M
Total raised · real
4
Rounds
3.4×
Latest step-up
Top 17%
Sector rank · raised
Series A
Latest stage · inferred · Thu May 09 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Hot Chili Ltd looks under-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

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 0.05× the median modeled value of Series A Other companies in 2022–2024 (1135 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.1 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Hot Chili Ltd is one of 25015 Other companies tracked from Perth, WA. By capital raised it ranks in the upper tier (ahead of 84% 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
Rule 506(b)
Reg D exemption
2
Investors (latest)
2024-05-09
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$200MSeries A · 2012-10-11 Raised $10M (real) Modeled valuation $158M (est)$10M$158MSeries A2012Series A · 2012-10-11 Raised $4.8M (real) Modeled valuation $73M (est)$4.8M$73MSeries A2012Series A · 2017-06-22 Raised $6.5M (real) Modeled valuation $99M (est)$6.5M$99MSeries A2017Series A · 2021-12-21 Raised $120K (real) Modeled valuation $1.2M (est)$120K$1.2MSeries A2021Series A · 2024-05-09 Raised $403K (real) Modeled valuation $1.9M (est)$403K$1.9MSeries A2024+$4.8M+$6.5M+$120K+$403KCumulative $22M

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
Series A$10.5M · 2012
Series A extension$4.8M · 2012
Series A extension$6.5M · 2017
Series A extension$120K · 2021
Series A extension$403K · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$1.9M
Base estimate est.
$550K
Conservative case
$4.3M
Upside case
$1.8M
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. Directional, not a quoted figure.

Series A · modeled $158.5M · 2012-10-112012Series A · modeled $72.9M · 2012-10-11Series A · modeled $98.9M · 2017-06-22Series A · modeled $1.2M · 2021-12-21Series A · modeled $1.9M · 2024-05-092024
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.35×/yr
Annual markup
1.70×/yr upside case
2.1 yr
Elapsed time used
2.1 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
35 mo
Avg between rounds
$1.5M/yr
Capital velocity
13.7 yr
On record since
2012
First round
5
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. 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) 8.6× above median
This company$17.5M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$403K
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$1.9M
Sector median$17.7M

Raised more than 84% of sector peers (real $). Modeled value above 11% 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 #1111 of 1,135.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Ness Well, Inc. · Series A Raised $14.9M · modeled $142.5M (est)Quantori, Inc. · Series A Raised $15.0M · modeled $138.6M (est)Qquv Investments 5, Llc · Series A Raised $15.0M · modeled $135.1M (est)Applause Network TV, Inc. · Series A Raised $15.0M · modeled $135.1M (est)Trustworthy Co · Series A Raised $15.5M · modeled $134.4M (est)DigniFi Holding, Inc. · Series A Raised $24.3M · modeled $134.0M (est)Proventures Capital, Inc. · Series A Raised $14.7M · modeled $133.0M (est)Zenledger, Inc. · Series A Raised $21.6M · modeled $132.1M (est)Gridwise, Inc. · Series A Raised $20.4M · modeled $131.8M (est)Aztec Broadway Ltd Liability Co · Series A Raised $14.0M · modeled $127.7M (est)KABR Jamaica SPE LLC · Series A Raised $14.7M · modeled $126.9M (est)Harmony Musical LLC · Series A Raised $15.0M · modeled $126.3M (est)Hot Chili Ltd (this company) Raised $17.5M · modeled $1.9M (est)Hot Chili Ltd
CompanyStageRaised · realValue · estvs peer med.
Ness Well, Inc.Series A$14.9M$142.5M3.67×
Quantori, Inc.Series A$15.0M$138.6M3.57×
Qquv Investments 5, LlcSeries A$15.0M$135.1M3.48×
Applause Network TV, Inc.Series A$15.0M$135.1M3.48×
Trustworthy CoSeries A$15.5M$134.4M3.46×
DigniFi Holding, Inc.Series A$24.3M$134.0M3.45×
Proventures Capital, Inc.Series A$14.7M$133.0M3.42×
Zenledger, Inc.Series A$21.6M$132.1M3.40×
Gridwise, Inc.Series A$20.4M$131.8M3.39×
Aztec Broadway Ltd Liability CoSeries A$14.0M$127.7M3.29×
KABR Jamaica SPE LLCSeries A$14.7M$126.9M3.26×
Harmony Musical LLCSeries A$15.0M$126.3M3.25×
Hot Chili Ltd this companySeries A$17.5M$1.9M0.05×
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.
Series A$10.5M2012-10-11$47.6M$158.5M85%
Series A$4.8M2012-10-11$21.9M$72.9M85%
Series A$6.5M2017-06-22$29.7M$98.9M90%
Series A$120K2021-12-21$545K$1.2M90%
Series A$403K2024-05-09$1.8M$1.9M90%
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. Series A$10.5M2012-10-11
    • First recorded raise — entered as Series A.
    • 185 investors on this round.
  2. Series A$4.8M2012-10-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 185 investors on this round.
  3. Series A$6.5M2017-06-22
    • Raised again after 56 mo — slower than the ~11 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 14 investors on this round.
  4. Series A$120K2021-12-21
    • Raised again after 54 mo — slower than the ~11 mo sector norm.
    • Round 54.5× smaller than the prior — bridge or down round.
    • Revenue band moved $0–$1M → $100M+.
    • 1 investor on this round.
  5. Series A$403K2024-05-09
    • Raised again after 29 mo — slower than the ~11 mo sector norm.
    • Round 3.4× larger than the prior — scaling up.
    • 2 investors on this round.
Intelligence
2027 ~Q2
Modeled next raise · ~35mo cadence
$1.2M
Modeled next size est.range $786K$1.9M
3.4×
Last step-up
$1.5M/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
Michael E Anderson1 other2012-10
Allan Ervin Trench2017-06
Allan E Trench2012-10
Christian E Easterday2012-10
Christian Ervin Easterday2017-06
Grant A. King2021-12
Grant De Andraca King2024-05
John Edward Sendziuk2017-06
Jose De Andraca Silva2024-05
Lloyd E Flint2021-12
Mark A. Jamieson2021-12
Mark De Andraca Jamieson2024-05
Melanie Edward Leighton2017-06
Michael Ervin Anderson2017-06
Murray E Black2012-10
Murray Edward Black2017-06
Nicole De Andraca Adshead-Bell2024-05
Penelope De Andraca Beattie2024-05
Randall De Andraca Nickson2021-12
Roberto De Andraca Adriasola2017-06
Stephen De Andraca Quin2024-05
Registry & provenance

Hot Chili Ltd 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
1562823
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
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Mad Tasty Holdings, LLCOtherSeed$7.5M80%
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Chilion Group Inc.OtherPre-Seed$19.6M80%
Spice World Ventures, Inc.OtherSeed$7.3M80%
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Frequently asked
How much funding has Hot Chili Ltd raised?
Hot Chili Ltd has raised approximately $17.5M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Hot Chili Ltd's estimated valuation?
Provath's modeled valuation for Hot Chili Ltd is approximately $1.9M (modeled range $550K–$4.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Hot Chili Ltd at?
Hot Chili Ltd's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu May 09.
What does Hot Chili Ltd do and where is it based?
Hot Chili Ltd operates in the Other sector, based in Perth, WA.
Explore related

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

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