Companies · Other Technology

TON Issuer Inc

TORTOLA · Other Technology

Diligence memoA one-page analyst read on TON Issuer Inc — recommendation, valuation, rhythm, risks.
$1.7B
Total raised · real
2
Rounds
1.0×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Wed Mar 14 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

TON Issuer Inc looks over-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. 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.

Over-valued
  • Modeled value is 1.70× the median modeled value of Growth/Late Other Technology companies in 2016–2018 (13 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.3 yr ago; this sector typically re-raises about every 13 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 Technology

TON Issuer Inc is one of 21302 Other Technology companies tracked from TORTOLA. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest 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(c)
Reg D exemption
94
Investors (latest)
2018
Year incorporated
2018-03-14
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$12.5B$25.0B$37.5B$50.0BGrowth/Late · 2018-01-29 Raised $850M (real) Modeled valuation $27.7B (est)$850M$27.7BGrowth/Late2018Growth/Late · 2018-03-14 Raised $850M (real) Modeled valuation $27.7B (est)$850M$27.7BGrowth/Late2018+$850MCumulative $1.7B

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
Growth/Late$850.0M · 2018
Growth/Late extension$850.0M · 2018

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 14%.

Modeled valuation trajectory
$27.7B
Base estimate est.
$6.5B
Conservative case
$49.8B
Upside case
$8.5B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Growth/Late · modeled $27.7B · 2018-01-292018Growth/Late · modeled $27.7B · 2018-03-142018
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
88%
Survival probability
76% low · 95% high
1.24×/yr
Annual markup
1.35×/yr upside case
6.0 yr
Elapsed time used
8.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
1 mo
Avg between rounds
Capital velocity
8.4 yr
On record since
2018
First round
2
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. 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) 535× above median
This company$1.7B
Sector median$3.2M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 1.7× above median
This company$850.0M
Sector median$500.0M
Modeled value — vs sector median (estimate, all stages) 742× above median
This company$27.7B
Sector median$37.3M

Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) 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 #5 of 13.

This companyCohort peer
$10.0B$100.0B$100.0M$1.0B$10.0BCapital raised (log)Severin Topco, LLC · Growth/Late Raised $1.7B · modeled $56.5B (est)Decade Holding Company, Inc. · Growth/Late Raised $1.1B · modeled $35.1B (est)IRI Parent, L.P. · Growth/Late Raised $1.0B · modeled $33.2B (est)Spotify Technology S.A. · Growth/Late Raised $1.5B · modeled $32.6B (est)View, Inc · Growth/Late Raised $1.4B · modeled $26.0B (est)Foodaddle Inc · Growth/Late Raised $500.0M · modeled $16.3B (est)Social Good Foundation Inc. · Growth/Late Raised $500.0M · modeled $16.3B (est)Omatcca Llc · Growth/Late Raised $500.0M · modeled $16.3B (est)CINX Ventures, Inc. · Growth/Late Raised $500.5M · modeled $16.3B (est)MAS Group Holdings, LLC · Growth/Late Raised $480.8M · modeled $15.7B (est)Zymergen Inc. · Growth/Late Raised $580.2M · modeled $13.2B (est)TON Issuer Inc (this company) Raised $1.7B · modeled $27.7B (est)TON Issuer Inc
CompanyStageRaised · realValue · estvs peer med.
Severin Topco, LLCGrowth/Late$1.7B$56.5B3.47×
Decade Holding Company, Inc.Growth/Late$1.1B$35.1B2.15×
IRI Parent, L.P.Growth/Late$1.0B$33.2B2.04×
Spotify Technology S.A.Growth/Late$1.5B$32.6B2.00×
TON Issuer Inc this companyGrowth/Late$1.7B$27.7B1.70×
View, IncGrowth/Late$1.4B$26.0B1.60×
Foodaddle IncGrowth/Late$500.0M$16.3B1.00×
Social Good Foundation Inc.Growth/Late$500.0M$16.3B1.00×
Omatcca LlcGrowth/Late$500.0M$16.3B1.00×
CINX Ventures, Inc.Growth/Late$500.5M$16.3B1.00×
MAS Group Holdings, LLCGrowth/Late$480.8M$15.7B0.96×
Zymergen Inc.Growth/Late$580.2M$13.2B0.81×
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.
Growth/Late$850.0M2018-01-29$8.5B$27.7B90%
Growth/Late$850.0M2018-03-14$8.5B$27.7B90%
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. Growth/Late$850.0M2018-01-29
    • First recorded raise — entered as Growth/Late.
    • 81 investors on this round.
  2. Growth/Late$850.0M2018-03-14
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 94 investors on this round.
Intelligence
2018 ~Q2
Modeled next raise · ~1mo cadence
$850.0M
Modeled next size est.range $850.0M$1.4B
1.0×
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
Nikolai Durov2018-03
Nikolai Valerievich Durov2018-01
Pavel Durov2018-03
Pavel Valerievich Durov2018-01
Registry & provenance

TON Issuer 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
1729650
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
Tyco Electronics Group S.A.Other TechnologyGrowth/Late$1.7B$40.7Bsame sector · same stage
Kealoha Mikael, Inc.Other TechnologyGrowth/Late$1.7B$48.1Bsame sector · same stage
Masiyah ConnectWorks, Inc.Other TechnologyGrowth/Late$1.7B$48.1Bsame sector · same stage
Sharif Da'Mani, INC.Other TechnologyGrowth/Late$1.7B$48.1Bsame sector · same stage
M. ii. M. i, INC.Other TechnologyGrowth/Late$1.7B$49.1Bsame sector · same stage
Google Inc.Other TechnologyGrowth/Late$1.8B$17.3Bsame sector · same stage
Ensemble Holdings, Inc.Other TechnologyGrowth/Late$1.6B$51.7Bsame sector · same stage
Velodyne Lidar, Inc.Other TechnologyGrowth/Late$1.5B$47.6Bsame 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
BiTSR, Inc.Other TechnologyPre-Seed$31.8M86%
Scaler Global Inc.Other TechnologySeries A$62.0M85%
Toolr, Inc.Other TechnologyPre-Seed$1.6M85%
TallyX, Inc.Other TechnologySeed$104.1M84%
HAMR Inc.Other TechnologySeries B$609.1M84%
Gig Forces Inc.Other TechnologySeries A$109.6M84%
Wana Inc.Other TechnologyPre-Seed$13.8M84%
Shaker, Inc.Other TechnologySeed$62.1M84%
Frequently asked
How much funding has TON Issuer Inc raised?
TON Issuer Inc has raised approximately $1.7B in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is TON Issuer Inc's estimated valuation?
Provath's modeled valuation for TON Issuer Inc is approximately $27.7B (modeled range $6.5B–$49.8B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is TON Issuer Inc at?
TON Issuer Inc's latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Wed Mar 14.
What does TON Issuer Inc do and where is it based?
TON Issuer Inc operates in the Other Technology sector, based in TORTOLA.
Explore related

See where TON Issuer Inc sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at TON Issuer Inc, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.