Companies · Other Technology

Malum, Inc.

Coralville · Other Technology

Diligence memoA one-page analyst read on Malum, Inc. — recommendation, valuation, rhythm, risks.
$8.7M
Total raised · real
5
Rounds
8.8×
Latest step-up
Top 31%
Sector rank · raised
Series A
Latest stage · inferred · Fri Nov 07 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Malum, Inc. looks under-valued against its niche peers and is active 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 0.16× the median modeled value of Series A Other Technology companies in 2025–2027 (569 peers) — value vs value, same stage and era.
Active
  • Last raise 8 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
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 Technology

Malum, Inc. is one of 21302 Other Technology companies tracked from Coralville. By capital raised it ranks in the upper tier (ahead of 70% 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
7
Investors (latest)
2025-11-07
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 · 2019-10-17 Raised $2.0M (real) Modeled valuation $68M (est)$2.0M$68MSeed2019Series A · 2023-12-15 Raised $5.0M (real) Modeled valuation $34M (est)$5.0M$34MSeries A2023Series A · 2025-02-18 Raised $600K (real) Modeled valuation $2.6M (est)$600K$2.6MSeries A2025Series A · 2025-04-16 Raised $115K (real) Modeled valuation $460K (est)$115K$460KSeries A2025Series A · 2025-11-07 Raised $1.0M (real) Modeled valuation $3.2M (est)$1.0M$3.2MSeries A2025+$5.0M+$600K+$115K+$1.0MCumulative $8.7M

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$2.0M · 2019
Series A$5.0M · 2023
Series A extension$600K · 2025
Series A extension$115K · 2025
Series A extension$1.0M · 2025

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: 67%.

Modeled valuation trajectory
$3.2M
Base estimate est.
$1.4M
Conservative case
$5.1M
Upside case
$4.6M
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 scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $68.1M · 2019-10-172019Series A · modeled $34.3M · 2023-12-15Series A · modeled $2.6M · 2025-02-18Series A · modeled $460K · 2025-04-16Series A · modeled $3.2M · 2025-11-072025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
0.7 yr
Elapsed time used
0.7 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
18 mo
Avg between rounds
$1.4M/yr
Capital velocity
6.7 yr
On record since
2019
First round
5
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. 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) 2.7× above median
This company$8.7M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.2× of median
This company$1.0M
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$3.2M
Sector median$37.3M

Raised more than 70% 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 (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 #526 of 569.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Beaconcure Inc. · Series A Raised $26.9M · modeled $67.2M (est)Edera, Inc. / DE · Series A Raised $20.0M · modeled $65.8M (est)Clarify Inc./DE · Series A Raised $15.0M · modeled $65.4M (est)Palla Financial Inc. · Series A Raised $14.5M · modeled $59.9M (est)eWellbore, LLC · Series A Raised $15.0M · modeled $59.9M (est)OneCarNow Holdings Ltd · Series A Raised $13.5M · modeled $57.9M (est)Diode, Inc. · Series A Raised $14.5M · modeled $57.8M (est)Clearing Co of San Francisco, Inc. · Series A Raised $15.0M · modeled $57.8M (est)Phase Four, Inc. · Series A Raised $23.1M · modeled $57.7M (est)Popid, Inc · Series A Raised $18.5M · modeled $57.0M (est)Mote, Inc. · Series A Raised $13.1M · modeled $56.9M (est)Chloris Geospatial Inc. · Series A Raised $17.3M · modeled $56.6M (est)Malum, Inc. (this company) Raised $8.7M · modeled $3.2M (est)Malum, Inc.
CompanyStageRaised · realValue · estvs peer med.
Beaconcure Inc.Series A$26.9M$67.2M3.24×
Edera, Inc. / DESeries A$20.0M$65.8M3.17×
Clarify Inc./DESeries A$15.0M$65.4M3.15×
Palla Financial Inc.Series A$14.5M$59.9M2.89×
eWellbore, LLCSeries A$15.0M$59.9M2.89×
OneCarNow Holdings LtdSeries A$13.5M$57.9M2.79×
Diode, Inc.Series A$14.5M$57.8M2.79×
Clearing Co of San Francisco, Inc.Series A$15.0M$57.8M2.79×
Phase Four, Inc.Series A$23.1M$57.7M2.78×
Popid, IncSeries A$18.5M$57.0M2.74×
Mote, Inc.Series A$13.1M$56.9M2.74×
Chloris Geospatial Inc.Series A$17.3M$56.6M2.73×
Malum, Inc. this companySeries A$8.7M$3.2M0.16×
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$2.0M2019-10-17$10.0M$68.1M90%
Series A$5.0M2023-12-15$22.7M$34.3M90%
Series A$600K2025-02-18$2.7M$2.6M90%
Series A$115K2025-04-16$523K$460K90%
Series A$1.0M2025-11-07$4.6M$3.2M90%
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$2.0M2019-10-17
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
  2. Series A$5.0M2023-12-15
    • Raised again after 50 mo — slower than the ~13 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • 19 investors on this round.
  3. Series A$600K2025-02-18
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round 8.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Series A$115K2025-04-16
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 5.2× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  5. Series A$1.0M2025-11-07
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 8.8× larger than the prior — scaling up.
    • 7 investors on this round.
Intelligence
2027 ~Q2
Modeled next raise · ~18mo cadence
$3.0M
Modeled next size est.range $2.0M$4.9M
8.8×
Last step-up
$1.4M/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
John Ivey2 other2025-02
Richard Ferguson2 other2019-10
Daniel Clay1 other2019-10
Greg Carstensen2023-12
Karim Abdel-Malek2019-10
Mike Goedken2025-04
Scott Keplinger2023-12
Thomas Goedken2019-10
Registry & provenance

Malum, 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
1791962
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
entigenlogic LLCOther TechnologySeries A$8.7M$3.0Msame sector · same stage
Cybersettle Holdings, Inc.Other TechnologySeries A$8.4M$3.8Msame sector · same stage
AlphaCipher Acquisition CorpOther TechnologySeries A$7.9M$3.4Msame sector · same stage
Beacon Solutions, Inc.Other TechnologySeries A$7.9M$2.8Msame sector · same stage
3AM Innovations, IncOther TechnologySeries A$9.8M$3.3Msame sector · same stage
Wooly, Inc.Other TechnologySeries A$7.7M$3.6Msame sector · same stage
BluPanda, LLCOther TechnologySeries A$10.0M$2.8Msame sector · same stage
Demandforce IncOther TechnologySeries A$10.1M$3.3Msame 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
Orum Inc.Other TechnologySeries B$313.3M89%
Malomo, Inc.Other TechnologySeries A$102.9M89%
Elementum, Inc.Other TechnologyPre-Seed$15.4M88%
Malo CorpOther TechnologySeries D+$3.4B88%
Eeum, Inc.Other TechnologySeries A$25.1M87%
Andium Inc.Other TechnologySeries B$19.9M87%
Urbanum, Inc.Other TechnologySeed$22.3M87%
Gridium Inc.Other TechnologySeed$23.3M86%
Frequently asked
How much funding has Malum, Inc. raised?
Malum, Inc. has raised approximately $8.7M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Malum, Inc.'s estimated valuation?
Provath's modeled valuation for Malum, Inc. is approximately $3.2M (modeled range $1.4M–$5.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Malum, Inc. at?
Malum, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Nov 07.
What does Malum, Inc. do and where is it based?
Malum, Inc. operates in the Other Technology sector, based in Coralville.
Explore related

See where Malum, 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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