Companies · Crypto / Web3

Mudrex, Inc.Winter 2019Active

MOUNTAIN VIEW · India; Remote · Crypto / Web3 · refined from filed group “Other Technology · founded 2018 · https://mudrex.com

Diligence memoA one-page analyst read on Mudrex, Inc. — recommendation, valuation, rhythm, risks.
$19.5M
Total raised · real
3
Rounds
3.2×
Latest step-up
Top 12%
Sector rank · raised
Series A
Latest stage · inferred · Wed Jul 20 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Mudrex, Inc. looks over-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the crypto/web3 sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.59× the median modeled value of Series A Crypto / Web3 companies in 2022–2024 (9 peers) — value vs value, same stage and era.
At-risk
  • Last raise 4.0 yr ago; this sector typically re-raises about every 7 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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 Crypto / Web3

Mudrex, Inc. is one of 196 Crypto / Web3 companies tracked from MOUNTAIN VIEW, India; Remote, on record since 2018. By capital raised it ranks in the upper tier (ahead of 89% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

India's largest crypto investing paltform

Mudrex offers the the widest chose of crypto products at the lowest process all packed in a simple App that users love. No wonder we are one of India's larges crypto investing platforms!

Crypto / Web3Fintechcrypto/web3
Find Mudrex, Inc. online

As reported in public records reported — not modeled.

IN
Jurisdiction
Rule 506(b)
Reg D exemption
4
Investors (latest)
2018
Year incorporated
2022-07-20
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$200MSeed · 2021-07-07 Raised $3.4M (real) Modeled valuation $81M (est)$3.4M$81MSeed2021Seed · 2021-12-16 Raised $3.5M (real) Modeled valuation $65M (est)$3.5M$65MSeed2021Seed · 2021-12-16 Raised $3.8M (real) Modeled valuation $71M (est)$3.8M$71MSeed2021Series A · 2022-07-20 Raised $12M (real) Modeled valuation $159M (est)$12M$159MSeries A2022+$3.5M+$3.8M+$12MCumulative $23M

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$3.4M · 2021
Seed extension$3.5M · 2021
Seed extension$3.8M · 2021
Series A$12.3M · 2022

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
$158.9M
Base estimate est.
$13.8M
Conservative case
$538.8M
Upside case
$56.0M
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 crypto/web3 sector profile. Directional, not a quoted figure.

Seed · modeled $81.3M · 2021-07-072021Seed · modeled $65.2M · 2021-12-16Seed · modeled $71.5M · 2021-12-16Series A · modeled $158.9M · 2022-07-202022
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
45%
Survival probability
25% low · 62% high
1.59×/yr
Annual markup
2.01×/yr upside case
4.0 yr
Elapsed time used
4.0 yr actual, capped for stale marks
crypto/web3
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$18.9M/yr
Capital velocity
5.0 yr
On record since
2021
First round
4
Rounds on file
How it compares to the market

Benchmarked against 196 companies in Crypto / Web3. 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) 5.6× above median
This company$19.5M
Sector median$3.5M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.4× above median
This company$12.3M
Sector median$8.5M
Modeled value — vs sector median (estimate, all stages) 3.0× above median
This company$158.9M
Sector median$53.1M

Raised more than 89% of sector peers (real $). Modeled value above 84% 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 #2 of 9.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)NALA · Series A Raised $10.0M · modeled $161.1M (est)NFT Now Media, Inc. · Series A Raised $5.8M · modeled $82.1M (est)Web3 Pro Inc. · Series A Raised $10.0M · modeled $78.8M (est)Loop Crypto, Inc. · Series A Raised $4.0M · modeled $61.3M (est)VV Global Encryption Digital Asset Trading Co., LTD · Series A Raised $11.0M · modeled $58.2M (est)Crypto Asset Technology Labs Inc. · Series A Raised $13.0M · modeled $53.1M (est)NFT Rewards Biz · Series A Raised $5.0M · modeled $51.0M (est)NFT Global Pro Inc · Series A Raised $10.0M · modeled $48.7M (est)Mudrex, Inc. (this company) Raised $19.5M · modeled $158.9M (est)Mudrex, Inc.
CompanyStageRaised · realValue · estvs peer med.
NALASeries A$10.0M$161.1M2.63×
Mudrex, Inc. this companySeries A$19.5M$158.9M2.59×
NFT Now Media, Inc.Series A$5.8M$82.1M1.34×
Web3 Pro Inc.Series A$10.0M$78.8M1.29×
Loop Crypto, Inc.Series A$4.0M$61.3M1.00×
VV Global Encryption Digital Asset Trading Co., LTDSeries A$11.0M$58.2M0.95×
Crypto Asset Technology Labs Inc.Series A$13.0M$53.1M0.87×
NFT Rewards BizSeries A$5.0M$51.0M0.83×
NFT Global Pro IncSeries A$10.0M$48.7M0.79×
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$3.4M2021-07-07$17.0M$81.3M90%
Seed$3.5M2021-12-16$17.3M$65.2M90%
Seed$3.8M2021-12-16$19.0M$71.5M90%
Series A$12.3M2022-07-20$56.0M$158.9M90%
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$3.4M2021-07-07
    • First recorded raise — entered as Seed.
    • 40 investors on this round.
  2. Seed$3.5M2021-12-16
    • Raised 5 mo later, in step with the ~7 mo sector norm.
    • Round roughly the size of the prior one.
    • 13 investors on this round.
  3. Seed$3.8M2021-12-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 18 investors on this round.
  4. Series A$12.3M2022-07-20
    • Raised 7 mo later, in step with the ~7 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
    • 4 investors on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~4mo cadence
$37.0M
Modeled next size est.range $24.0M$59.1M
3.2×
Last step-up
$18.9M/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
Edul Patel2021-07
Registry & provenance

Mudrex, 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
IN
Jurisdiction
1879124
SEC CIK
2018
Incorporated
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
HIVE Blockchain Technologies Ltd.Crypto / Web3Series A$16.4M$398.2Msame sector · same stage
BitfxtCrypto / Web3Series A$15.0M$502.5Msame sector · same stage
Crypto Asset Technology Labs Inc.Crypto / Web3Series A$13.0M$53.1Msame sector · same stage
Notabene, Inc.Crypto / Web3Series A$11.6M$184.8Msame sector · same stage
VV Global Encryption Digital Asset Trading Co., LTDCrypto / Web3Series A$11.0M$58.2Msame sector · same stage
Web3 Pro Inc.Crypto / Web3Series A$10.0M$78.8Msame sector · same stage
Blockchain Assets AI, Inc.Crypto / Web3Series A$10.0M$335.0Msame sector · same stage
Island Peak Blockchain Pte.Ltd.Crypto / Web3Series A$10.0M$335.0Msame 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
Mega Blockchain Corp.Crypto / Web3Series A$257.2M80%
Tocexa Crypto Exchange LtdCrypto / Web3Seed$9.2M79%
Blockchain Holdings Capital Ventures, Inc.Crypto / Web3Pre-Seed$15.3M79%
Idcxs Crypto Group LtdCrypto / Web3Seed$9.2M79%
Digital Asset Capital, Inc.Crypto / Web3Pre-Seed$43.5M78%
Flipside Crypto, Inc.Crypto / Web3Series A$10.6M78%
Blockchain Assets AI, Inc.Crypto / Web3Series A$335.0M78%
SMT Web3, Inc.Crypto / Web3Seed$5.1M78%
Frequently asked
How much funding has Mudrex, Inc. raised?
Mudrex, Inc. has raised approximately $19.5M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Mudrex, Inc.'s estimated valuation?
Provath's modeled valuation for Mudrex, Inc. is approximately $158.9M (modeled range $13.8M–$538.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Mudrex, Inc. at?
Mudrex, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Jul 20.
What does Mudrex, Inc. do and where is it based?
Mudrex, Inc. operates in the Crypto / Web3 sector, based in MOUNTAIN VIEW, India; Remote. India's largest crypto investing paltform
Explore related

See where Mudrex, 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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