SA · Africa
Diligence memoA one-page analyst read on Michanic — recommendation, valuation, rhythm, risks.→Michanic has raised $400K 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.
No named principal in this company's public records yet — see all operators below.
SA’s Michanic secures $400k debt capital from MultiChoice Innovation Fund 0 By Tom Jackson on July 29, 2022 News , Southern Africa South African mobile car service and repair platform Michanic has secured US$400,000 in debt capital from the MultiChoice Innovation Fund to help it continue to develop its technology and expand across the country. Formed in 2016 by Lesetja Dikgale, Michanic allows users to request instant service and repair quotes from its online platform, saving up to 35 per cent compared to dealerships and independent garages in the process .
SA’s Michanic secures $400k debt capital from MultiChoice Innovation Fund 0 By Tom Jackson on July 29, 2022 News , Southern Africa South African mobile car service and repair platform Michanic has secured US$400,000 in debt capital from the MultiChoice Innovation Fund to help it continue to develop its technology and expand across the country. Formed in 2016 by Lesetja Dikgale, Michanic allows users to request instant service and repair quotes from its online platform, saving up to 35 per cent compared to dealerships and independent garages in the process .
As reported in public records reported — not modeled.
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.
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.
Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.
Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seed — a round under $1.0M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.
Not enough modeled valuation points to chart a trajectory.
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.
Raised more than 97% of sector peers (real $). Modeled value above 97% of peers (estimate).
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.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Pre-Seed | $400K | 2022-07-29 | $2.2M | $3.7M | 45% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
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.
Michanic is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Public records name issuer insiders, not the funds in a round — these investor links come from corroborating sources.
| Firm | Round | Confidence |
|---|---|---|
| MultiChoice Innovation Fund | Pre-Seed | 55% |
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