Companies · Software / Tech

Tantalus Systems Holding Inc.

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

Diligence memoA one-page analyst read on Tantalus Systems Holding Inc. — recommendation, valuation, rhythm, risks.
$366K
Total raised · real
1
Rounds
Latest step-up
Top 88%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Mon May 20 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Tantalus Systems Holding Inc. looks under-valued against its niche peers and is quiet 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 0.61× the median modeled value of Pre-Seed Software / Tech companies in 2022–2024 (288 peers) — value vs value, same stage and era.
  • Issuer reports $25M–$100M revenue while modeled below niche peers.
Quiet
  • Last raise 2.1 yr ago; this sector typically re-raises about every 13 months.
  • Slightly overdue versus sector cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Tantalus Systems Holding Inc. behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
2.1 yr record
Peak capital year was 2024 with $366K across 1 filings.
Market position
ahead of 13% of Software / Tech peers
Capital scale is ahead of 13% of Software / Tech peers; modeled value is above 8% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2024: $366K across 1 filings.
  • Largest single filing was $366K on 2024-05-20.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
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

Tantalus Systems Holding Inc. is one of 3920 Software / Tech companies tracked from BURNABY. By capital raised it ranks in the long tail (ahead of 13% 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
$25M–$100M
Issuer revenue
Rule 506(b)
Reg D exemption
10
Investors (latest)
2024-05-20
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$500K$1.0M$1.5M$2.0MPre-Seed · 2024-05-20 Raised $366K (real) Modeled valuation $1.9M (est)$366K$1.9MPre-Seed2024

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$366K · 2024

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

Modeled valuation trajectory
$1.9M
Base estimate est.
$239K
Conservative case
$6.6M
Upside case
$2.0M
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.

Not enough modeled valuation points to chart a trajectory.

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
2.1 yr
Elapsed time used
2.1 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
2.1 yr
On record since
2024
First round
1
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) 0.1× of median
This company$366K
Sector median$4.6M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.0× above median
This company$366K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$1.9M
Sector median$36.6M

Raised more than 13% of sector peers (real $). Modeled value above 8% 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 #184 of 288.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Nivelo Tech Inc. · Pre-Seed Raised $1.0M · modeled $17.6M (est)Iris Technology, Inc. · Pre-Seed Raised $1.0M · modeled $16.9M (est)Enki Labs, Inc. · Pre-Seed Raised $1.5M · modeled $14.4M (est)Basketball Training Systems, Inc. · Pre-Seed Raised $900K · modeled $14.4M (est)Digital Fabrication Workshop, Inc. · Pre-Seed Raised $1.0M · modeled $14.1M (est)PureCode Software, Inc. · Pre-Seed Raised $1000K · modeled $13.2M (est)PWA Labs, Inc. · Pre-Seed Raised $945K · modeled $12.7M (est)Departure Labs Inc · Pre-Seed Raised $675K · modeled $12.7M (est)Assistiv Labs, Inc. · Pre-Seed Raised $855K · modeled $12.6M (est)Amprius Technologies, Inc. · Pre-Seed Raised $1.0M · modeled $12.6M (est)Klutch Technologies Inc. · Pre-Seed Raised $840K · modeled $12.3M (est)Taco Labs Inc. · Pre-Seed Raised $752K · modeled $12.2M (est)Tantalus Systems Holding Inc. (this company) Raised $366K · modeled $1.9M (est)Tantalus Systems Holding Inc.
CompanyStageRaised · realValue · estvs peer med.
Nivelo Tech Inc.Pre-Seed$1.0M$17.6M5.69×
Iris Technology, Inc.Pre-Seed$1.0M$16.9M5.49×
Enki Labs, Inc.Pre-Seed$1.5M$14.4M4.67×
Basketball Training Systems, Inc.Pre-Seed$900K$14.4M4.67×
Digital Fabrication Workshop, Inc.Pre-Seed$1.0M$14.1M4.57×
PureCode Software, Inc.Pre-Seed$1000K$13.2M4.29×
PWA Labs, Inc.Pre-Seed$945K$12.7M4.12×
Departure Labs IncPre-Seed$675K$12.7M4.10×
Assistiv Labs, Inc.Pre-Seed$855K$12.6M4.10×
Amprius Technologies, Inc.Pre-Seed$1.0M$12.6M4.08×
Klutch Technologies Inc.Pre-Seed$840K$12.3M4.00×
Taco Labs Inc.Pre-Seed$752K$12.2M3.97×
Tantalus Systems Holding Inc. this companyPre-Seed$366K$1.9M0.61×
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$366K2024-05-20$2.0M$1.9M90%
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. Pre-Seed$366K2024-05-20
    • First recorded raise — entered as Pre-Seed.
    • 10 investors on this round.
Intelligence
Modeled next raise
$586K
Modeled next size est.range $381K$938K
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
Francis J. Harvey1 other2024-05
Gregory D. Williams1 other2024-05
Douglass D. Campbell2024-05
George D. Reznik2024-05
Harold D. Hankel2024-05
John J. McEwen2024-05
Laura Formusa2024-05
Michael D. Grandis2024-05
Michael D. Julian2024-05
Param D. Pawar2024-05
Peter J. Londa2024-05
Thomas D. Allen2024-05
Thomas J. Liston2024-05
Registry & provenance

Tantalus Systems Holding 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
2025947
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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Gaingels Array Labs LLCSoftware / TechPre-Seed$359K$948Ksame sector · same stage
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Amulet Technologies Ltd.Software / TechPre-Seed$350K$3.6Msame sector · same stage
KMX Technologies, LLCSoftware / TechPre-Seed$350K$3.2Msame sector · same stage
Prrl Labs, Inc.Software / TechPre-Seed$350K$2.0Msame sector · same stage
Syncrono Tech, Inc.Software / TechPre-Seed$350K$1.5Msame 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
Tantalus Systems Corp.TelecommunicationsSeries A$89.4M87%
Tana Labs, Inc.Software / TechSeries A$84.8M83%
Further Technology Holdings, Inc.Software / TechSeries A$56.8M81%
Tachyus CorpOther TechnologySeries A$124.8M81%
Technology Holdings Corp.Software / TechPre-Seed$3.1M81%
TitanX Holdings, Inc.Other TechnologySeries B$74.0M80%
Starship Technologies Holdings, Inc.Software / TechSeries C$910.8M80%
Auxilus Inc.Other TechnologySeries A$65.0M80%
Frequently asked
How much funding has Tantalus Systems Holding Inc. raised?
Tantalus Systems Holding Inc. has raised approximately $366K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Tantalus Systems Holding Inc.'s estimated valuation?
Provath's modeled valuation for Tantalus Systems Holding Inc. is approximately $1.9M (modeled range $239K–$6.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tantalus Systems Holding Inc. at?
Tantalus Systems Holding Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Mon May 20.
What does Tantalus Systems Holding Inc. do and where is it based?
Tantalus Systems Holding Inc. operates in the Software / Tech sector, based in BURNABY.
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