Companies

LetMeIn

Africa

Diligence memoA one-page analyst read on LetMeIn — recommendation, valuation, rhythm, risks.
$144K
Total raised · real
1
Rounds
Latest step-up
Top 5%
Sector rank · raised
Seed
Latest stage · inferred · Thu Dec 03 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

LetMeIn has raised $144K over 1 round; too few niche peers to rank its valuation yet.

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

SA access management startup LetMeIn banks $144k seed funding 0 By Tom Jackson on December 3, 2020 News , Southern Africa South African tech startup LetMeIn has raised ZAR2.2 million (US$144,000) in seed funding to scale up and expand its visitor and access management platform. A visitor management platform that has successfully rolled out across eight African countries with multinationals including Barloworld, Cerebos, Dairymaid and MultiChoice, LetMeIn started life in March as CoronaFighter, a chatbot and web-enabled app that assists large organisations to screen and track symptoms of COVID-

SA access management startup LetMeIn banks $144k seed funding 0 By Tom Jackson on December 3, 2020 News , Southern Africa South African tech startup LetMeIn has raised ZAR2.2 million (US$144,000) in seed funding to scale up and expand its visitor and access management platform. A visitor management platform that has successfully rolled out across eight African countries with multinationals including Barloworld, Cerebos, Dairymaid and MultiChoice, LetMeIn started life in March as CoronaFighter, a chatbot and web-enabled app that assists large organisations to screen and track symptoms of COVID-

As reported in public records reported — not modeled.

ZA
Jurisdiction
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$5.0MSeed · 2020-12-03 Raised $144K (real) Modeled valuation $2.3M (est)$144K$2.3MSeed2020

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$144K · 2020

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$2.3M
Base estimate est.
$130K
Conservative case
$16.0M
Upside case
$720K
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. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
40%
Survival probability
18% low · 62% high
1.45×/yr
Annual markup
1.90×/yr upside case
5.6 yr
Elapsed time used
5.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
5.6 yr
On record since
2020
First round
1
Rounds on file
How it compares to the market

Benchmarked against 8525 companies in this sector. 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$144K
Sector median$1.3M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$2.3M
Sector median$14.6M

Raised more than 96% of sector peers (real $). Modeled value above 97% of peers (estimate).

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$144K2020-12-03$720K$2.3M45%
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$144K2020-12-03
    • First recorded raise — entered as Seed.
Intelligence
Modeled next raise
$230K
Modeled next size est.range $150K$369K
Last step-up
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.

Registry & provenance

LetMeIn 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
ZA
Jurisdiction
Frequently asked
How much funding has LetMeIn raised?
LetMeIn has raised approximately $144K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is LetMeIn's estimated valuation?
Provath's modeled valuation for LetMeIn is approximately $2.3M (modeled range $130K–$16.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is LetMeIn at?
LetMeIn's latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Dec 03.
What does LetMeIn do and where is it based?
LetMeIn is a private company, based in Africa. SA access management startup LetMeIn banks $144k seed funding 0 By Tom Jackson on December 3, 2020 News , Southern Africa South African tech startup LetMeIn has raised ZAR2.2 million (US$144,000) in seed funding to scale up and expand its visitor and access management platform. A visitor management platform that has successfully rolled out across eight African countries with multinationals including Barloworld, Cerebos, Dairymaid and MultiChoice, LetMeIn started life in March as CoronaFighter, a chatbot and web-enabled app that assists large organisations to screen and track symptoms of COVID-
Explore related

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