Companies · Software / Tech

Micromem Technologies Inc

TORONTO · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Micromem Technologies Inc — recommendation, valuation, rhythm, risks.
$2.8M
Total raised · real
12
Rounds
1.1×
Latest step-up
Top 61%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Tue Jan 13 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Micromem Technologies 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 0.43× the median modeled value of Pre-Seed Software / Tech companies in 2025–2027 (105 peers) — value vs value, same stage and era.
Active
  • Last raise 6 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 Software / Tech

Micromem Technologies Inc is one of 3920 Software / Tech companies tracked from TORONTO. By capital raised it ranks mid-pack (ahead of 40% 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
1
Investors (latest)
2026-01-13
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$13M$25M$38M$50MPre-Seed · 2009-05-14 Raised $375K (real) Modeled valuation $16M (est)Pre-Seed2009Pre-Seed · 2010-01-26 Raised $132K (real) Modeled valuation $5.6M (est)Pre-Seed · 2010-02-01 Raised $100K (real) Modeled valuation $4.2M (est)Pre-Seed2010Pre-Seed · 2010-10-15 Raised $239K (real) Modeled valuation $10M (est)Pre-Seed · 2011-12-07 Raised $240K (real) Modeled valuation $10M (est)Pre-Seed2011Pre-Seed · 2011-12-07 Raised $325K (real) Modeled valuation $14M (est)Pre-Seed · 2011-12-07 Raised $275K (real) Modeled valuation $12M (est)Pre-Seed2011Pre-Seed · 2011-12-07 Raised $235K (real) Modeled valuation $10.0M (est)Pre-Seed · 2011-12-07 Raised $225K (real) Modeled valuation $9.5M (est)Pre-Seed2011Pre-Seed · 2013-02-01 Raised $320K (real) Modeled valuation $14M (est)Pre-Seed · 2015-12-07 Raised $100K (real) Modeled valuation $4.2M (est)Pre-Seed2015Pre-Seed · 2016-06-02 Raised $500K (real) Modeled valuation $21M (est)Pre-Seed · 2019-01-18 Raised $308K (real) Modeled valuation $13M (est)Pre-Seed2019Pre-Seed · 2024-09-24 Raised $165K (real) Modeled valuation $704K (est)Pre-Seed · 2025-01-02 Raised $125K (real) Modeled valuation $458K (est)Pre-Seed2025Pre-Seed · 2025-06-17 Raised $175K (real) Modeled valuation $501K (est)Pre-Seed · 2026-01-13 Raised $200K (real) Modeled valuation $420K (est)Pre-Seed2026Cumulative $4.0M

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$375K · 2009
Pre-Seed extension$132K · 2010
Pre-Seed extension$100K · 2010
Pre-Seed extension$239K · 2010
Pre-Seed extension$240K · 2011
Pre-Seed extension$325K · 2011
Pre-Seed extension$275K · 2011
Pre-Seed extension$235K · 2011
Pre-Seed extension$225K · 2011
Pre-Seed extension$320K · 2013
Pre-Seed extension$100K · 2015
Pre-Seed extension$500K · 2016
Pre-Seed extension$308K · 2019
Pre-Seed extension$165K · 2024
Pre-Seed extension$125K · 2025
Pre-Seed extension$175K · 2025
Pre-Seed extension$200K · 2026

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

Modeled valuation trajectory
$420K
Base estimate est.
$131K
Conservative case
$886K
Upside case
$1.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $15.9M · 2009-05-142009Pre-Seed · modeled $5.6M · 2010-01-26Pre-Seed · modeled $4.2M · 2010-02-01Pre-Seed · modeled $10.1M · 2010-10-15Pre-Seed · modeled $10.2M · 2011-12-07Pre-Seed · modeled $13.8M · 2011-12-07Pre-Seed · modeled $11.7M · 2011-12-07Pre-Seed · modeled $10.0M · 2011-12-07Pre-Seed · modeled $9.5M · 2011-12-07Pre-Seed · modeled $13.6M · 2013-02-01Pre-Seed · modeled $4.2M · 2015-12-07Pre-Seed · modeled $21.2M · 2016-06-02Pre-Seed · modeled $13.0M · 2019-01-18Pre-Seed · modeled $704K · 2024-09-24Pre-Seed · modeled $458K · 2025-01-02Pre-Seed · modeled $501K · 2025-06-17Pre-Seed · modeled $420K · 2026-01-132026
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
29%
Survival probability
12% low · 54% high
1.72×/yr
Annual markup
2.33×/yr upside case
0.5 yr
Elapsed time used
0.5 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$167K/yr
Capital velocity
17.1 yr
On record since
2009
First round
17
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) 0.6× of median
This company$2.8M
Sector median$4.6M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.6× of median
This company$200K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$420K
Sector median$36.6M

Raised more than 40% of sector peers (real $). Modeled value above 3% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #89 of 105.

This companyCohort peer
$100K$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)1486 Labs LLC · Pre-Seed Raised $1.6M · modeled $3.6M (est)Imagen Digital Dentistry Support Services, LLC · Pre-Seed Raised $954K · modeled $3.1M (est)Quarion Technology Inc. · Pre-Seed Raised $923K · modeled $3.0M (est)3rd-i Technology, Inc. · Pre-Seed Raised $830K · modeled $2.7M (est)Simulacra Data, Inc. · Pre-Seed Raised $750K · modeled $2.7M (est)ForwardX Technology Inc. · Pre-Seed Raised $1000K · modeled $2.5M (est)OLI Technologies, Inc. · Pre-Seed Raised $700K · modeled $2.4M (est)OSN Technologies Corp. · Pre-Seed Raised $1.7M · modeled $2.4M (est)Collage Labs Inc. · Pre-Seed Raised $970K · modeled $2.3M (est)Obelisk Tech Systems Inc. · Pre-Seed Raised $1.0M · modeled $2.2M (est)Green House Data Holding Company, LLC · Pre-Seed Raised $650K · modeled $2.2M (est)Nessa Labs, Inc. · Pre-Seed Raised $750K · modeled $2.2M (est)Micromem Technologies Inc (this company) Raised $2.8M · modeled $420K (est)Micromem Technologies Inc
CompanyStageRaised · realValue · estvs peer med.
1486 Labs LLCPre-Seed$1.6M$3.6M3.73×
Imagen Digital Dentistry Support Services, LLCPre-Seed$954K$3.1M3.16×
Quarion Technology Inc.Pre-Seed$923K$3.0M3.06×
3rd-i Technology, Inc.Pre-Seed$830K$2.7M2.74×
Simulacra Data, Inc.Pre-Seed$750K$2.7M2.71×
ForwardX Technology Inc.Pre-Seed$1000K$2.5M2.61×
OLI Technologies, Inc.Pre-Seed$700K$2.4M2.49×
OSN Technologies Corp.Pre-Seed$1.7M$2.4M2.45×
Collage Labs Inc.Pre-Seed$970K$2.3M2.38×
Obelisk Tech Systems Inc.Pre-Seed$1.0M$2.2M2.27×
Green House Data Holding Company, LLCPre-Seed$650K$2.2M2.26×
Nessa Labs, Inc.Pre-Seed$750K$2.2M2.24×
Micromem Technologies Inc this companyPre-Seed$2.8M$420K0.43×
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$375K2009-05-14$2.1M$15.9M85%
Pre-Seed$132K2010-01-26$733K$5.6M85%
Pre-Seed$100K2010-02-01$556K$4.2M85%
Pre-Seed$239K2010-10-15$1.3M$10.1M85%
Pre-Seed$240K2011-12-07$1.3M$10.2M85%
Pre-Seed$325K2011-12-07$1.8M$13.8M85%
Pre-Seed$275K2011-12-07$1.5M$11.7M85%
Pre-Seed$235K2011-12-07$1.3M$10.0M85%
Pre-Seed$225K2011-12-07$1.3M$9.5M85%
Pre-Seed$320K2013-02-01$1.8M$13.6M85%
Pre-Seed$100K2015-12-07$556K$4.2M85%
Pre-Seed$500K2016-06-02$2.8M$21.2M85%
Pre-Seed$308K2019-01-18$1.7M$13.0M90%
Pre-Seed$165K2024-09-24$919K$704K90%
Pre-Seed$125K2025-01-02$694K$458K90%
Pre-Seed$175K2025-06-17$971K$501K90%
Pre-Seed$200K2026-01-13$1.1M$420K90%
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$375K2009-05-14
    • First recorded raise — entered as Pre-Seed.
    • 8 investors on this round.
  2. Pre-Seed$132K2010-01-26
    • Raised 8 mo later, in step with the ~13 mo sector norm.
    • Round 2.8× smaller than the prior — bridge or down round.
  3. Pre-Seed$100K2010-02-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  4. Pre-Seed$239K2010-10-15
    • Raised 8 mo later, in step with the ~13 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
    • 9 investors on this round.
  5. Pre-Seed$240K2011-12-07
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 6 investors on this round.
  6. Pre-Seed$325K2011-12-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • Revenue band moved No revenue → $0–$1M.
    • 8 investors on this round.
  7. Pre-Seed$275K2011-12-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Revenue band moved $0–$1M → No revenue.
    • 7 investors on this round.
  8. Pre-Seed$235K2011-12-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  9. Pre-Seed$225K2011-12-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  10. Pre-Seed$320K2013-02-01
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 12 investors on this round.
  11. Pre-Seed$100K2015-12-07
    • Raised again after 34 mo — slower than the ~13 mo sector norm.
    • Round 3.2× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 3 investors on this round.
  12. Pre-Seed$500K2016-06-02
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 5.0× larger than the prior — scaling up.
    • 5 investors on this round.
  13. Pre-Seed$308K2019-01-18
    • Raised again after 32 mo — slower than the ~13 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  14. Pre-Seed$165K2024-09-24
    • Raised again after 68 mo — slower than the ~13 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • Revenue band moved $0–$1M → No revenue.
    • 3 investors on this round.
  15. Pre-Seed$125K2025-01-02
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  16. Pre-Seed$175K2025-06-17
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 2 investors on this round.
  17. Pre-Seed$200K2026-01-13
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
2027 ~Q1
Modeled next raise · ~13mo cadence
$229K
Modeled next size est.range $200K$366K
1.1×
Last step-up
$167K/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
David John Sharpless1 other2009-05
Alex Allen Dey2013-02
Alex Dey2016-06
Alex Jordan Dey2010-10
Andrew Steven Brandt2009-05
Brian Allen Von Herzen2015-12
Brian Von Herzen2019-01
Dan Amadori2019-01
Dante (Dan) Allen Amadori2010-02
Dante (Dan) Peter Amadori2009-05
Giuseppe (Joseph) Ronald Fuda2009-05
Henry Nardus Dreifus2009-05
Jason Jordan Baun2009-05
Joseph Fuda2016-06
Larry Allen Blue2009-05
Oliver Nepomuceno2009-05
Oliver Robert Nepomuceno2010-01
Salvatore Fuda2009-05
Steven Robert Van Fleet2009-05
Registry & provenance

Micromem Technologies 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
1085921
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.

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Leyden Analytics, LLCSoftware / TechPre-Seed$2.1M$741Ksame sector · same stage
Remaker Labs, Inc.Software / TechPre-Seed$1.8M$2.3Msame sector · same stage
OSN Technologies Corp.Software / TechPre-Seed$1.7M$2.4Msame sector · same stage
Arti Analytics, Inc.Software / TechPre-Seed$1.6M$933Ksame sector · same stage
VIC Technology Venture Development, LLCSoftware / TechPre-Seed$1.5M$1.9Msame 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
Microsfere Technologies, Inc.Software / TechPre-Seed$42.4M86%
Micronic Technologies, Inc.Software / TechSeed$4.6M85%
Tm Technologies IncSoftware / TechSeries A$2.5M85%
Lorem Technologies Inc.Software / TechSeed$85.2M84%
M3G Technology, Inc.Software / TechPre-Seed$10.5M83%
Numem Inc.Other TechnologySeries A$103.2M83%
SuperMem Inc.Other TechnologySeed$2.2M83%
MSM Corp International LtdOther TechnologySeries A$1.6M83%
Frequently asked
How much funding has Micromem Technologies Inc raised?
Micromem Technologies Inc has raised approximately $2.8M in disclosed capital across 12 recorded financing rounds, aggregated from public filings.
What is Micromem Technologies Inc's estimated valuation?
Provath's modeled valuation for Micromem Technologies Inc is approximately $420K (modeled range $131K–$886K). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Micromem Technologies Inc at?
Micromem Technologies Inc's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Tue Jan 13.
What does Micromem Technologies Inc do and where is it based?
Micromem Technologies Inc operates in the Software / Tech sector, based in TORONTO.
Explore related

See where Micromem Technologies 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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