Companies · Other

Storm Development Corp.

CALGARY · Other

Diligence memoA one-page analyst read on Storm Development Corp. — recommendation, valuation, rhythm, risks.
$11.5M
Total raised · real
2
Rounds
0.2×
Latest step-up
Top 22%
Sector rank · raised
Series A
Latest stage · inferred · Thu Mar 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Storm Development Corp. looks under-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.

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 0.28× the median modeled value of Series A Other companies in 2022–2024 (1135 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.3 yr ago; this sector typically re-raises about every 11 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 Other

Storm Development Corp. is one of 25008 Other companies tracked from CALGARY. By capital raised it ranks in the upper tier (ahead of 79% 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
1
Investors (latest)
2022
Year incorporated
2023-03-30
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$100MSeries A · 2023-02-28 Raised $9.9M (real) Modeled valuation $67M (est)$9.9M$67MSeries A2023Series A · 2023-03-30 Raised $1.7M (real) Modeled valuation $11M (est)$1.7M$11MSeries A2023+$1.7MCumulative $12M

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
Series A$9.9M · 2023
Series A extension$1.7M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$11.0M
Base estimate est.
$2.3M
Conservative case
$31.7M
Upside case
$7.5M
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. Directional, not a quoted figure.

Series A · modeled $67.2M · 2023-02-282023Series A · modeled $11.0M · 2023-03-302023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.35×/yr
Annual markup
1.70×/yr upside case
3.3 yr
Elapsed time used
3.3 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
1 mo
Avg between rounds
Capital velocity
3.3 yr
On record since
2023
First round
2
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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$11.5M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.3× of median
This company$1.7M
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$11.0M
Sector median$17.7M

Raised more than 79% of sector peers (real $). Modeled value above 40% 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 #1028 of 1,135.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Ness Well, Inc. · Series A Raised $14.9M · modeled $142.4M (est)Quantori, Inc. · Series A Raised $15.0M · modeled $138.5M (est)Applause Network TV, Inc. · Series A Raised $15.0M · modeled $135.0M (est)Qquv Investments 5, Llc · Series A Raised $15.0M · modeled $135.0M (est)Trustworthy Co · Series A Raised $15.5M · modeled $134.2M (est)DigniFi Holding, Inc. · Series A Raised $24.3M · modeled $133.9M (est)Proventures Capital, Inc. · Series A Raised $14.7M · modeled $132.9M (est)Zenledger, Inc. · Series A Raised $21.6M · modeled $132.0M (est)Gridwise, Inc. · Series A Raised $20.4M · modeled $131.7M (est)Aztec Broadway Ltd Liability Co · Series A Raised $14.0M · modeled $127.6M (est)KABR Jamaica SPE LLC · Series A Raised $14.7M · modeled $126.8M (est)Harmony Musical LLC · Series A Raised $15.0M · modeled $126.2M (est)Storm Development Corp. (this company) Raised $11.5M · modeled $11.0M (est)Storm Development Corp.
CompanyStageRaised · realValue · estvs peer med.
Ness Well, Inc.Series A$14.9M$142.4M3.67×
Quantori, Inc.Series A$15.0M$138.5M3.57×
Applause Network TV, Inc.Series A$15.0M$135.0M3.48×
Qquv Investments 5, LlcSeries A$15.0M$135.0M3.48×
Trustworthy CoSeries A$15.5M$134.2M3.46×
DigniFi Holding, Inc.Series A$24.3M$133.9M3.45×
Proventures Capital, Inc.Series A$14.7M$132.9M3.42×
Zenledger, Inc.Series A$21.6M$132.0M3.40×
Gridwise, Inc.Series A$20.4M$131.7M3.39×
Aztec Broadway Ltd Liability CoSeries A$14.0M$127.6M3.29×
KABR Jamaica SPE LLCSeries A$14.7M$126.8M3.26×
Harmony Musical LLCSeries A$15.0M$126.2M3.25×
Storm Development Corp. this companySeries A$11.5M$11.0M0.28×
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.
Series A$9.9M2023-02-28$44.9M$67.2M90%
Series A$1.7M2023-03-30$7.5M$11.0M90%
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. Series A$9.9M2023-02-28
    • First recorded raise — entered as Series A.
    • 2 investors on this round.
  2. Series A$1.7M2023-03-30
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 6.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2023 ~Q2
Modeled next raise · ~1mo cadence
$1.7M
Modeled next size est.range $1.7M$2.6M
0.2×
Last step-up
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
Brian Lavergne2023-02
Emily Wignes2023-02
Grant Darren Zawalsky2023-02
Hayden Darren Evans2023-02
John Darren Brussa2023-02
Rob Darren Tiberio2023-02
Robert Darren Fitzmartyn2023-02
Wade Darren Hansen2023-02
Registry & provenance

Storm Development 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
1971619
SEC CIK
2022
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
CV Sciences, Inc.OtherSeries A$11.7M$11.4Msame sector · same stage
Juice Served Here, Inc.OtherSeries A$12.3M$11.4Msame sector · same stage
School of Rock, LLCOtherSeries A$10.7M$10.6Msame sector · same stage
Prairie Pharms, LLCOtherSeries A$12.5M$10.5Msame sector · same stage
WWC CTC Investment Holdings, LLCOtherSeries A$10.5M$11.4Msame sector · same stage
WiBotic Inc.OtherSeries A$12.8M$10.6Msame sector · same stage
LumaStream, Inc.OtherSeries A$13.4M$11.0Msame sector · same stage
Float Financial, LLCOtherSeries A$9.8M$10.8Msame 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
Prophecy Development Corp.OtherSeries A$3.1M83%
Wonderstorm, Inc.OtherSeed$66.9M81%
SEA Development Group, LLCOtherPre-Seed$2.8M80%
StormX Global SEZC, Inc.Other TechnologySeries B$551.1M79%
Climateplan Inc.OtherSeries B$157.0M78%
Rimstorm, Inc.Other TechnologyPre-Seed$6.0M78%
Impact Development Group Inc.OtherSeed$7.0M78%
Reflex Red Storm, LLCOtherSeed$2.6M78%
Frequently asked
How much funding has Storm Development Corp. raised?
Storm Development Corp. has raised approximately $11.5M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Storm Development Corp.'s estimated valuation?
Provath's modeled valuation for Storm Development Corp. is approximately $11.0M (modeled range $2.3M–$31.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Storm Development Corp. at?
Storm Development Corp.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Mar 30.
What does Storm Development Corp. do and where is it based?
Storm Development Corp. operates in the Other sector, based in CALGARY.
Explore related

See where Storm Development 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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