Companies · Telecommunications

Iotum Inc

TORONTO · Telecommunications

Diligence memoA one-page analyst read on Iotum Inc — recommendation, valuation, rhythm, risks.
$4.4M
Total raised · real
4
Rounds
0.4×
Latest step-up
Top 49%
Sector rank · raised
Seed
Latest stage · inferred · Wed Nov 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Iotum Inc 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. Valuation uses the telecom 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 0.30× the median modeled value of Seed Telecommunications companies in 2022–2024 (28 peers) — value vs value, same stage and era.
  • Issuer reports $1M–$5M revenue while modeled below niche peers.
At-risk
  • Last raise 3.6 yr ago; this sector typically re-raises about every 10 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 Telecommunications

Iotum Inc is one of 929 Telecommunications companies tracked from TORONTO. By capital raised it ranks mid-pack (ahead of 52% 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
$1M–$5M
Issuer revenue
Rule 506(b)
Reg D exemption
6
Investors (latest)
2022-11-30
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$25M$50M$75M$100MSeed · 2013-05-15 Raised $2.6M (real) Modeled valuation $57M (est)$2.6M$57MSeed2013Seed · 2017-11-30 Raised $420K (real) Modeled valuation $9.0M (est)$420K$9.0MSeed2017Pre-Seed · 2017-11-30 Raised $400K (real) Modeled valuation $11M (est)$400K$11MPre-Seed2017Seed · 2021-12-03 Raised $950K (real) Modeled valuation $12M (est)$950K$12MSeed2021Seed · 2022-11-30 Raised $419K (real) Modeled valuation $3.4M (est)$419K$3.4MSeed2022+$420K+$400K+$950K+$419KCumulative $4.8M

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$2.6M · 2013
Seed extension$420K · 2017
Bridge · Seed-stage$400K · 2017smaller follow-on
Seed extension$950K · 2021
Seed extension$419K · 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
$3.4M
Base estimate est.
$366K
Conservative case
$14.0M
Upside case
$2.1M
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 telecom sector profile. Directional, not a quoted figure.

Seed · modeled $57.0M · 2013-05-152013Seed · modeled $9.0M · 2017-11-30Pre-Seed · modeled $10.7M · 2017-11-30Seed · modeled $11.6M · 2021-12-03Seed · modeled $3.4M · 2022-11-302022
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 60% high
1.49×/yr
Annual markup
1.96×/yr upside case
3.6 yr
Elapsed time used
3.6 yr actual, capped for stale marks
telecom
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
29 mo
Avg between rounds
$465K/yr
Capital velocity
13.1 yr
On record since
2013
First round
5
Rounds on file
How it compares to the market

Benchmarked against 929 companies in Telecommunications. 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) 1.1× above median
This company$4.4M
Sector median$4.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.3× of median
This company$419K
Sector median$1.6M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$3.4M
Sector median$28.3M

Raised more than 52% of sector peers (real $). Modeled value above 10% 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 #26 of 28.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Aglocell, Inc. · Seed Raised $3.6M · modeled $23.8M (est)TRAXyL, Inc. · Seed Raised $2.1M · modeled $23.3M (est)Tower One Wireless Corp. · Seed Raised $2.9M · modeled $22.0M (est)Addvantage Technologies Group Inc · Seed Raised $3.0M · modeled $21.3M (est)Graphene 01, Inc. · Seed Raised $2.8M · modeled $20.9M (est)RiverStreet Management Services, LLC · Seed Raised $2.5M · modeled $19.8M (est)W40Nft, Inc · Seed Raised $2.0M · modeled $18.7M (est)Series B SmartSky II, LLC · Seed Raised $1.7M · modeled $17.2M (est)CCT Holding Company, LLC · Seed Raised $1.8M · modeled $17.1M (est)Digital Reef, Inc. · Seed Raised $3.2M · modeled $16.3M (est)Nxbeam Inc. · Seed Raised $3.0M · modeled $16.3M (est)NXT Telcom Services Inc · Seed Raised $1.5M · modeled $14.8M (est)Iotum Inc (this company) Raised $4.4M · modeled $3.4M (est)Iotum Inc
CompanyStageRaised · realValue · estvs peer med.
Aglocell, Inc.Seed$3.6M$23.8M2.11×
TRAXyL, Inc.Seed$2.1M$23.3M2.07×
Tower One Wireless Corp.Seed$2.9M$22.0M1.95×
Addvantage Technologies Group IncSeed$3.0M$21.3M1.89×
Graphene 01, Inc.Seed$2.8M$20.9M1.86×
RiverStreet Management Services, LLCSeed$2.5M$19.8M1.76×
W40Nft, IncSeed$2.0M$18.7M1.66×
Series B SmartSky II, LLCSeed$1.7M$17.2M1.53×
CCT Holding Company, LLCSeed$1.8M$17.1M1.52×
Digital Reef, Inc.Seed$3.2M$16.3M1.45×
Nxbeam Inc.Seed$3.0M$16.3M1.45×
NXT Telcom Services IncSeed$1.5M$14.8M1.32×
Iotum Inc this companySeed$4.4M$3.4M0.30×
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$2.6M2013-05-15$13.2M$57.0M85%
Seed$420K2017-11-30$2.1M$9.0M90%
Pre-Seed$400K2017-11-30$2.2M$10.7M90%
Seed$950K2021-12-03$4.8M$11.6M90%
Seed$419K2022-11-30$2.1M$3.4M90%
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$2.6M2013-05-15
    • First recorded raise — entered as Seed.
    • 7 investors on this round.
  2. Seed$420K2017-11-30
    • Raised again after 55 mo — slower than the ~10 mo sector norm.
    • Round 6.3× smaller than the prior — bridge or down round.
    • Revenue band moved $0–$1M → $1M–$5M.
    • Switched to Rule 506(b) (was Rule 06).
    • 5 investors on this round.
  3. Pre-Seed$400K2017-11-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 4 investors on this round.
  4. Seed$950K2021-12-03
    • Raised again after 48 mo — slower than the ~10 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
    • 3 investors on this round.
  5. Seed$419K2022-11-30
    • Raised 12 mo later, in step with the ~10 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 6 investors on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~29mo cadence
$419K
Modeled next size est.range $419K$670K
0.4×
Last step-up
$465K/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
Jason Martin6 other2013-05
Jim Estill1 other2017-11
Randall Howard1 other2013-05
Alex Saunders2013-05
Dan Hoetger2013-05
Dennis Pascual2013-05
Gord Forsythe2021-12
Gordon Forsythe2013-05
Graham Matthews2013-05
Majd Shweikeh2021-12
Noam Tom2022-11
Noam Tomcazk2021-12
Noam Tomczak2013-05
Registry & provenance

Iotum 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
1296604
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
LiveWire Mobile, Inc.TelecommunicationsSeed$4.4M$17.2Msame sector · same stage
Azulstar, Inc.TelecommunicationsSeed$4.2M$4.1Msame sector · same stage
Evotem, LlcTelecommunicationsSeed$4.8M$4.3Msame sector · same stage
Arkleus Broadcasting, Inc.TelecommunicationsSeed$4.1M$22.5Msame sector · same stage
Nodify Networks, Inc.TelecommunicationsSeed$4.0M$7.8Msame sector · same stage
Red Bison Technology Group, LLCTelecommunicationsSeed$4.0M$3.9Msame sector · same stage
Naborforce, Inc.TelecommunicationsSeed$3.9M$1.2Msame sector · same stage
First Orion Corp.TelecommunicationsSeed$5.1M$6.5Msame 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
Iota Communications, Inc.TelecommunicationsSeries C$488.2M87%
Altiostar Networks, Inc.TelecommunicationsSeries C$79.4M81%
Panterra Networks IncTelecommunicationsSeries A$26.3M80%
Otava, Inc.TelecommunicationsSeries A$21.6M80%
IoTecha CorpOther TechnologySeries A$235.6M80%
Kaleyra S.p.A.TelecommunicationsSeed$50.7M80%
INFINERA CorpTelecommunicationsSeries D+$2.6B79%
Tantalus Systems Corp.TelecommunicationsSeries A$89.4M79%
Frequently asked
How much funding has Iotum Inc raised?
Iotum Inc has raised approximately $4.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Iotum Inc's estimated valuation?
Provath's modeled valuation for Iotum Inc is approximately $3.4M (modeled range $366K–$14.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Iotum Inc at?
Iotum Inc's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Nov 30.
What does Iotum Inc do and where is it based?
Iotum Inc operates in the Telecommunications sector, based in TORONTO.
Explore related

See where Iotum 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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