Companies · Software / Tech

mCloud Technologies Corp.

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

Diligence memoA one-page analyst read on mCloud Technologies Corp. — recommendation, valuation, rhythm, risks.
$25.5M
Total raised · real
10
Rounds
0.4×
Latest step-up
Top 18%
Sector rank · raised
Series A
Latest stage · inferred · Tue May 25 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

mCloud Technologies Corp. 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 0.27× the median modeled value of Series A Software / Tech companies in 2019–2021 (278 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.1 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

mCloud Technologies Corp. is one of 3920 Software / Tech companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 83% of sector peers), and mid-pack 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
52
Investors (latest)
2021-05-25
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$50M$100M$150M$200MPre-Seed · 2018-10-05 Raised $270K (real) Modeled valuation $11M (est)Pre-Seed2018Series A · 2019-06-21 Raised $4.3M (real) Modeled valuation $119M (est)Series A2019Series A · 2019-07-10 Raised $1.3M (real) Modeled valuation $37M (est)Series A2019Series A · 2020-01-14 Raised $230K (real) Modeled valuation $6.4M (est)Series A2020Series A · 2020-01-27 Raised $559K (real) Modeled valuation $16M (est)Series A2020Series A · 2020-10-08 Raised $125K (real) Modeled valuation $3.1M (est)Series A2020Seed · 2021-01-15 Raised $2.8M (real) Modeled valuation $74M (est)Seed2021Series A · 2021-01-15 Raised $2.8M (real) Modeled valuation $62M (est)Series A2021Series A · 2021-01-15 Raised $9.0M (real) Modeled valuation $200M (est)Series A2021Series A · 2021-01-15 Raised $4.7M (real) Modeled valuation $104M (est)Series A2021Series A · 2021-01-15 Raised $6.2M (real) Modeled valuation $137M (est)Series A2021Series A · 2021-01-15 Raised $7.1M (real) Modeled valuation $158M (est)Series A2021Series A · 2021-01-15 Raised $6.6M (real) Modeled valuation $146M (est)Series A2021Series A · 2021-03-23 Raised $4.3M (real) Modeled valuation $89M (est)Series A2021Series A · 2021-04-15 Raised $5.0M (real) Modeled valuation $101M (est)Series A2021Series A · 2021-05-25 Raised $1.9M (real) Modeled valuation $36M (est)Series A2021Cumulative $57M

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$270K · 2018
Series A$4.3M · 2019no Seed on file
Series A extension$1.3M · 2019
Series A extension$230K · 2020
Series A extension$559K · 2020
Series A extension$125K · 2020
Bridge · Series A-stage$2.8M · 2021smaller follow-on
Series A extension$2.8M · 2021
Series A extension$9.0M · 2021
Series A extension$4.7M · 2021
Series A extension$6.2M · 2021
Series A extension$7.1M · 2021
Series A extension$6.6M · 2021
Series A extension$4.3M · 2021
Series A extension$5.0M · 2021
Series A extension$1.9M · 2021

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$36.3M
Base estimate est.
$2.5M
Conservative case
$160.3M
Upside case
$8.6M
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.

Pre-Seed · modeled $11.4M · 2018-10-052018Series A · modeled $119.3M · 2019-06-21Series A · modeled $37.2M · 2019-07-10Series A · modeled $6.4M · 2020-01-14Series A · modeled $15.5M · 2020-01-27Series A · modeled $3.1M · 2020-10-08Seed · modeled $73.6M · 2021-01-15Series A · modeled $62.3M · 2021-01-15Series A · modeled $199.8M · 2021-01-15Series A · modeled $103.9M · 2021-01-15Series A · modeled $137.3M · 2021-01-15Series A · modeled $157.9M · 2021-01-15Series A · modeled $146.2M · 2021-01-15Series A · modeled $88.8M · 2021-03-23Series A · modeled $101.3M · 2021-04-15Series A · modeled $36.3M · 2021-05-252021
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
5.1 yr
Elapsed time used
5.1 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
2 mo
Avg between rounds
$9.7M/yr
Capital velocity
7.7 yr
On record since
2018
First round
16
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) 5.5× above median
This company$25.5M
Sector median$4.6M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.3× of median
This company$1.9M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 1.0× of median
This company$36.3M
Sector median$36.6M

Raised more than 83% of sector peers (real $). Modeled value above 51% 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 #257 of 278.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Digital Hands, LLC · Series A Raised $15.0M · modeled $416.1M (est)Ophelius Labs Inc · Series A Raised $15.0M · modeled $416.1M (est)StreetLight Data Inc. · Series A Raised $40.5M · modeled $416.1M (est)Unlimited Labs Inc. · Series A Raised $23.9M · modeled $416.1M (est)Numerated Growth Technologies, Inc. · Series A Raised $27.5M · modeled $416.1M (est)Carevive Systems, Inc. · Series A Raised $22.2M · modeled $414.9M (est)Lyra Technologies, Inc. · Series A Raised $19.5M · modeled $414.5M (est)Panther Labs Inc. · Series A Raised $20.4M · modeled $405.4M (est)Ascent Technologies, Inc. · Series A Raised $22.1M · modeled $405.0M (est)Weyland Tech, Inc. · Series A Raised $15.3M · modeled $396.3M (est)Transparent Financial Systems, Inc. · Series A Raised $14.2M · modeled $393.9M (est)Racktop Systems, Inc. · Series A Raised $14.9M · modeled $385.3M (est)mCloud Technologies Corp. (this company) Raised $25.5M · modeled $36.3M (est)mCloud Technologies Corp.
CompanyStageRaised · realValue · estvs peer med.
Digital Hands, LLCSeries A$15.0M$416.1M3.06×
Ophelius Labs IncSeries A$15.0M$416.1M3.06×
StreetLight Data Inc.Series A$40.5M$416.1M3.06×
Unlimited Labs Inc.Series A$23.9M$416.1M3.06×
Numerated Growth Technologies, Inc.Series A$27.5M$416.1M3.06×
Carevive Systems, Inc.Series A$22.2M$414.9M3.05×
Lyra Technologies, Inc.Series A$19.5M$414.5M3.04×
Panther Labs Inc.Series A$20.4M$405.4M2.98×
Ascent Technologies, Inc.Series A$22.1M$405.0M2.97×
Weyland Tech, Inc.Series A$15.3M$396.3M2.91×
Transparent Financial Systems, Inc.Series A$14.2M$393.9M2.89×
Racktop Systems, Inc.Series A$14.9M$385.3M2.83×
mCloud Technologies Corp. this companySeries A$25.5M$36.3M0.27×
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$270K2018-10-05$1.5M$11.4M90%
Series A$4.3M2019-06-21$19.5M$119.3M90%
Series A$1.3M2019-07-10$6.1M$37.2M90%
Series A$230K2020-01-14$1.0M$6.4M90%
Series A$559K2020-01-27$2.5M$15.5M90%
Series A$125K2020-10-08$567K$3.1M90%
Seed$2.8M2021-01-15$14.0M$73.6M90%
Series A$2.8M2021-01-15$12.7M$62.3M90%
Series A$9.0M2021-01-15$40.8M$199.8M90%
Series A$4.7M2021-01-15$21.2M$103.9M90%
Series A$6.2M2021-01-15$28.0M$137.3M90%
Series A$7.1M2021-01-15$32.2M$157.9M90%
Series A$6.6M2021-01-15$29.9M$146.2M90%
Series A$4.3M2021-03-23$19.5M$88.8M90%
Series A$5.0M2021-04-15$22.9M$101.3M90%
Series A$1.9M2021-05-25$8.6M$36.3M90%
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$270K2018-10-05
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Series A$4.3M2019-06-21
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 15.9× larger than the prior — scaling up.
    • 117 investors on this round.
  3. Series A$1.3M2019-07-10
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 3.2× smaller than the prior — bridge or down round.
    • 41 investors on this round.
  4. Series A$230K2020-01-14
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 5.8× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  5. Series A$559K2020-01-27
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.4× larger than the prior — scaling up.
    • 75 investors on this round.
  6. Series A$125K2020-10-08
    • Raised 8 mo later, in step with the ~13 mo sector norm.
    • Round 4.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  7. Seed$2.8M2021-01-15
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round 22.4× larger than the prior — scaling up.
    • 9 investors on this round.
  8. Series A$2.8M2021-01-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 9 investors on this round.
  9. Series A$9.0M2021-01-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.2× larger than the prior — scaling up.
    • 163 investors on this round.
  10. Series A$4.7M2021-01-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 48 investors on this round.
  11. Series A$6.2M2021-01-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× larger than the prior — scaling up.
    • 84 investors on this round.
  12. Series A$7.1M2021-01-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 111 investors on this round.
  13. Series A$6.6M2021-01-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 95 investors on this round.
  14. Series A$4.3M2021-03-23
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 102 investors on this round.
  15. Series A$5.0M2021-04-15
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  16. Series A$1.9M2021-05-25
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 52 investors on this round.
Intelligence
2021 ~Q3
Modeled next raise · ~2mo cadence
$1.9M
Modeled next size est.range $1.9M$3.0M
0.4×
Last step-up
$9.7M/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
Michael Allman7 other2020-01
Michael A. Sicuro1 other2020-01
Russel McMeekin1 other2018-10
Betsy Maclean2018-10
Chantal C.W. Schutz2020-01
Chantal Schutz2019-06
Constantino A. Lanza2021-04
Constantino Lanza2018-10
Costantino A. Lanza2020-01
Darren Anderson2018-10
Elizabeth A. MacLean2020-01
Elizabeth MacLean2019-06
Ian C.W. Russel2021-04
Ian C.W. Russell2020-01
Michael Sicuro2018-10
Micheal Allman2019-06
Mike Allman2018-10
Registry & provenance

mCloud Technologies Corp. 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
1756499
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
Workshop Software, Inc.Software / TechSeries A$26.2M$29.0Msame sector · same stage
Accion Systems Inc.Software / TechSeries A$26.4M$28.9Msame sector · same stage
Rebound Technologies, Inc.Software / TechSeries A$23.7M$30.5Msame sector · same stage
Cre8tech Labs, Inc.Software / TechSeries A$22.9M$36.9Msame sector · same stage
Green Theme Technologies, Inc.Software / TechSeries A$22.7M$29.7Msame sector · same stage
r4 Technologies, Inc.Software / TechSeries A$22.5M$39.8Msame sector · same stage
Mondrian Labs Inc.Software / TechSeries A$29.6M$36.2Msame sector · same stage
CubicFarm Systems Corp.Software / TechSeries A$21.3M$30.5Msame 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
Kloud-12, LLCOther TechnologyPre-Seed$32.0M81%
Cloud Technologies, Inc.Software / TechSeries B$559.2M80%
Outbuild Technologies, Inc.Software / TechSeries A$65.8M79%
Cooey Technologies, Inc.Software / TechPre-Seed$21.2M79%
Rain Technologies Inc.Software / TechSeries B$137.8M79%
RAIN Technology Inc.Software / TechSeed$8.6M79%
Drop Technologies Inc. /CASoftware / TechSeries B$367.3M79%
Fendx Technologies Inc.Software / TechPre-Seed$977K78%
Frequently asked
How much funding has mCloud Technologies Corp. raised?
mCloud Technologies Corp. has raised approximately $25.5M in disclosed capital across 10 recorded financing rounds, aggregated from public filings.
What is mCloud Technologies Corp.'s estimated valuation?
Provath's modeled valuation for mCloud Technologies Corp. is approximately $36.3M (modeled range $2.5M–$160.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is mCloud Technologies Corp. at?
mCloud Technologies Corp.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue May 25.
What does mCloud Technologies Corp. do and where is it based?
mCloud Technologies Corp. operates in the Software / Tech sector, based in VANCOUVER.
Explore related

See where mCloud Technologies Corp. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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