Diligence memo · auto-generated · as of July 2, 2026
IroFit
IroFit has raised $600K over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
IroFit operates in Fintech, based in Africa. Mobile payments startup IroFit raises $600k seed funding 0 By Tom Jackson on November 11, 2014 Startups , West Africa Nigerian-Finnish mobile payments startup IroFit has raised US$600,000 in the seed funding in a round led by Nordic early stage venture capital (VC) firm Inventure, which the company
Sub-sector tags: fintech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
IroFit has raised $600K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $600K on 2014-11-11.
Most recent recorded round closed around 2014-11-11.
Valuation (modeled)modeled
Provath models IroFit at approximately $21M (range $518K–$166M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Last raise 11.6 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 71% of Fintech peers (1063 compared).
Modeled value ranks above 77% of those peers.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.