Companies · Software / Tech

Indrocorp Technologies Inc.

VANCOUVER · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Indrocorp Technologies Inc. — recommendation, valuation, rhythm, risks.
$235K
Total raised · real
2
Rounds
0.8×
Latest step-up
Top 92%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed Mar 09 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Indrocorp Technologies 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 0.59× 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 4.3 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 Software / Tech

Indrocorp Technologies Inc. is one of 3920 Software / Tech companies tracked from VANCOUVER. By capital raised it ranks in the long tail (ahead of 9% 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
3
Investors (latest)
2022-03-09
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2021-12-01 Raised $128K (real) Modeled valuation $2.5M (est)$128K$2.5MPre-Seed2021Pre-Seed · 2022-03-09 Raised $107K (real) Modeled valuation $1.8M (est)$107K$1.8MPre-Seed2022+$107KCumulative $235K

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$128K · 2021
Pre-Seed extension$107K · 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
$1.8M
Base estimate est.
$70K
Conservative case
$12.3M
Upside case
$594K
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.

Pre-Seed · modeled $2.5M · 2021-12-012021Pre-Seed · modeled $1.8M · 2022-03-092022
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
4.3 yr
Elapsed time used
4.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
3 mo
Avg between rounds
$875K/yr
Capital velocity
4.6 yr
On record since
2021
First round
2
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$235K
Sector median$4.6M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.3× of median
This company$107K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$1.8M
Sector median$36.6M

Raised more than 9% of sector peers (real $). Modeled value above 8% 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 #188 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 $17.6M (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 $12.7M (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)Indrocorp Technologies Inc. (this company) Raised $235K · modeled $1.8M (est)Indrocorp Technologies Inc.
CompanyStageRaised · realValue · estvs peer med.
Nivelo Tech Inc.Pre-Seed$1.0M$17.6M5.69×
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$12.7M4.10×
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×
Indrocorp Technologies Inc. this companyPre-Seed$235K$1.8M0.59×
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$128K2021-12-01$711K$2.5M90%
Pre-Seed$107K2022-03-09$594K$1.8M90%
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$128K2021-12-01
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Pre-Seed$107K2022-03-09
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
Intelligence
2022 ~Q2
Modeled next raise · ~3mo cadence
$107K
Modeled next size est.range $107K$171K
0.8×
Last step-up
$875K/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
Kulwant Sandher5 other2021-12
Sheri Rempel4 other2021-12
Ronald Spoehel2 other2021-12
DARREN MILLER1 other2021-12
MARC LEVY1 other2021-12
BARRY FOOTE2021-12
DWAYNE BAUER2021-12
PHILLIP REECE2021-12
THOMAS EDWARD VOGLER2022-03
Registry & provenance

Indrocorp Technologies 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
1889417
SEC CIK
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
HyperBlock Technologies Corp.Software / TechPre-Seed$509K$21.6Mnetwork1 shared operator · same sector · same stage
Utherverse Digital, Inc.Software / TechPre-Seed$231K$3.5Msame sector · same stage
Digital Fire Prevention, Inc.Software / TechPre-Seed$230K$2.9Msame sector · same stage
Weiss Analytics Inc.Software / TechPre-Seed$230K$575Ksame sector · same stage
AmeriTrust Financial Technologies Inc.Software / TechPre-Seed$243K$527Ksame sector · same stage
Kinetic Chain Labs Inc.Software / TechPre-Seed$245K$3.5Msame sector · same stage
Impact Digital Group, Inc.Software / TechPre-Seed$225K$2.8Msame sector · same stage
Onsite Analytics, Inc.Software / TechPre-Seed$225K$1.5Msame sector · same stage
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
Indrio Technologies Inc.Software / TechSeed$23.1M87%
Indio Technologies, Inc.Software / TechSeries B$670.0M87%
Indago Technologies, Inc.Software / TechPre-Seed$2.0M86%
InsPro Technologies CorpSoftware / TechSeries A$8.3M84%
Patrocinium Systems, Inc.Software / TechSeries A$143.8M84%
Indico Data Solutions INCSoftware / TechSeries B$583.4M84%
IA Technologies, Inc.Software / TechSeed$7.4M84%
Exro Technologies Inc.Software / TechSeries A$101.8M83%
Frequently asked
How much funding has Indrocorp Technologies Inc. raised?
Indrocorp Technologies Inc. has raised approximately $235K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Indrocorp Technologies Inc.'s estimated valuation?
Provath's modeled valuation for Indrocorp Technologies Inc. is approximately $1.8M (modeled range $70K–$12.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Indrocorp Technologies Inc. at?
Indrocorp Technologies Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed Mar 09.
What does Indrocorp Technologies Inc. do and where is it based?
Indrocorp Technologies Inc. operates in the Software / Tech sector, based in VANCOUVER.
Explore related

See where Indrocorp Technologies 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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