Companies · Other

Tokens.com Inc.

TORONTO · Other

Diligence memoA one-page analyst read on Tokens.com Inc. — recommendation, valuation, rhythm, risks.
$6.1M
Total raised · real
3
Rounds
0.4×
Latest step-up
Top 31%
Sector rank · raised
Seed
Latest stage · inferred · Tue Nov 16 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Tokens.com Inc. looks under-valued against its niche peers and is dormant 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 0.34× the median modeled value of Seed Other companies in 2019–2021 (1101 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.6 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
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

Tokens.com Inc. is one of 25008 Other companies tracked from TORONTO. By capital raised it ranks in the upper tier (ahead of 70% 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
Rule 506(b)
Reg D exemption
2
Investors (latest)
2021
Year incorporated
2021-11-16
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$50MSeed · 2021-03-10 Raised $3.2M (real) Modeled valuation $46M (est)$3.2M$46MSeed2021Seed · 2021-03-16 Raised $2.0M (real) Modeled valuation $29M (est)$2.0M$29MSeed2021Seed · 2021-11-16 Raised $862K (real) Modeled valuation $9.6M (est)$862K$9.6MSeed2021+$2.0M+$862KCumulative $6.1M

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$3.2M · 2021
Seed extension$2.0M · 2021
Seed extension$862K · 2021

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: 50%.

Modeled valuation trajectory
$9.6M
Base estimate est.
$776K
Conservative case
$51.9M
Upside case
$4.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Seed · modeled $45.5M · 2021-03-102021Seed · modeled $29.2M · 2021-03-16Seed · modeled $9.6M · 2021-11-162021
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
40%
Survival probability
18% low · 62% high
1.45×/yr
Annual markup
1.90×/yr upside case
4.6 yr
Elapsed time used
4.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$8.8M/yr
Capital velocity
5.3 yr
On record since
2021
First round
3
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) 3.0× above median
This company$6.1M
Sector median$2.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.5× of median
This company$862K
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$9.6M
Sector median$17.7M

Raised more than 70% of sector peers (real $). Modeled value above 38% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #1019 of 1,101.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)SEAM Group Holdings, LLC · Seed Raised $4.0M · modeled $74.4M (est)AL International Holdings Inc. · Seed Raised $4.0M · modeled $74.4M (est)BlueStripe Inc. · Seed Raised $4.0M · modeled $74.4M (est)INSIDE THESE CASTLE WALLS DEVELOPMENT Ltd LIABILITY Co · Seed Raised $4.0M · modeled $74.4M (est)Clean Beam, LLC · Seed Raised $4.0M · modeled $74.4M (est)Yardstik, Inc. · Seed Raised $4.0M · modeled $74.4M (est)Esperos, Inc. · Seed Raised $4.0M · modeled $74.4M (est)Exotic Breeding Partnership LLC 5 · Seed Raised $4.0M · modeled $74.4M (est)Labyrinthe Holdings Corp · Seed Raised $4.0M · modeled $74.3M (est)HemTex Holdings, LLC · Seed Raised $4.0M · modeled $74.3M (est)Phg Oz I, Llc · Seed Raised $4.0M · modeled $73.7M (est)Betasv L.P. · Seed Raised $4.0M · modeled $73.3M (est)Tokens.com Inc. (this company) Raised $6.1M · modeled $9.6M (est)Tokens.com Inc.
CompanyStageRaised · realValue · estvs peer med.
SEAM Group Holdings, LLCSeed$4.0M$74.4M2.67×
AL International Holdings Inc.Seed$4.0M$74.4M2.67×
BlueStripe Inc.Seed$4.0M$74.4M2.67×
INSIDE THESE CASTLE WALLS DEVELOPMENT Ltd LIABILITY CoSeed$4.0M$74.4M2.67×
Clean Beam, LLCSeed$4.0M$74.4M2.67×
Yardstik, Inc.Seed$4.0M$74.4M2.67×
Esperos, Inc.Seed$4.0M$74.4M2.67×
Exotic Breeding Partnership LLC 5Seed$4.0M$74.4M2.67×
Labyrinthe Holdings CorpSeed$4.0M$74.3M2.66×
HemTex Holdings, LLCSeed$4.0M$74.3M2.66×
Phg Oz I, LlcSeed$4.0M$73.7M2.64×
Betasv L.P.Seed$4.0M$73.3M2.63×
Tokens.com Inc. this companySeed$6.1M$9.6M0.34×
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$3.2M2021-03-10$15.8M$45.5M90%
Seed$2.0M2021-03-16$10.2M$29.2M90%
Seed$862K2021-11-16$4.3M$9.6M90%
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$3.2M2021-03-10
    • First recorded raise — entered as Seed.
    • 2 investors on this round.
  2. Seed$2.0M2021-03-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  3. Seed$862K2021-11-16
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2022 ~Q1
Modeled next raise · ~4mo cadence
$862K
Modeled next size est.range $862K$1.4M
0.4×
Last step-up
$8.8M/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
Deven Soni3 other2021-11
IAN FODIE2 other2021-11
JIMMY VAIOPOULOS1 other2021-11
ANDREW D'SOUZA2021-11
ANDREW KIGUEL2021-03
EMMA TODD2021-11
FRED PYE2021-11
Registry & provenance

Tokens.com 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
1852286
SEC CIK
2021
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
StoryMD Inc.OtherSeries A$6.8M$2.2Mnetwork1 shared operator · same sector
Airex, Inc.OtherSeed$5.8M$9.3Msame sector · same stage
Royal Gypsy Tea CoOtherSeed$5.6M$9.3Msame sector · same stage
Verus International, Inc.OtherSeed$6.6M$9.3Msame sector · same stage
VC23 Investors, LLCOtherSeed$5.5M$9.3Msame sector · same stage
Craize Snacks Inc.OtherSeed$5.3M$9.3Msame sector · same stage
Riverbend Malt House, Inc.OtherSeed$5.2M$9.9Msame sector · same stage
Summit Royalty Corp.OtherSeed$7.1M$9.5Msame 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
Token, Inc.OtherSeries B$310.3M93%
TokenID, Inc.Other TechnologySeed$39.1M88%
Token Oro, Inc.OtherPre-Seed$4.6M87%
isky Token, LLCOtherSeries A$57.7M87%
TokenFi, Inc.OtherSeed$35.1M87%
Indigo Token Co LLCOtherSeed$22.3M85%
Fractional Token CoOtherSeries B$169.5M84%
TrustToken, Inc.OtherSeries B$65.4M84%
Frequently asked
How much funding has Tokens.com Inc. raised?
Tokens.com Inc. has raised approximately $6.1M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Tokens.com Inc.'s estimated valuation?
Provath's modeled valuation for Tokens.com Inc. is approximately $9.6M (modeled range $776K–$51.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tokens.com Inc. at?
Tokens.com Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Nov 16.
What does Tokens.com Inc. do and where is it based?
Tokens.com Inc. operates in the Other sector, based in TORONTO.
Explore related

See where Tokens.com 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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