Companies · Other Technology

Vendease Corp.Winter 2021Active

San Francisco · LA, Nigeria; LA, Nigeria · Other Technology · founded 2021 · https://vendease.com/

Diligence memoA one-page analyst read on Vendease Corp. — recommendation, valuation, rhythm, risks.
$22.5M
Total raised · real
2
Rounds
6.0×
Latest step-up
Top 16%
Sector rank · raised
Series B
Latest stage · inferred · Tue Aug 23 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Vendease Corp. looks fair 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 technology sector profile.

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

Fair
  • Modeled value is 1.29× the median modeled value of Series B Other Technology companies in 2022–2024 (514 peers) — value vs value, same stage and era.
  • Within the normal band (129% of peer median) for its niche.
At-risk
  • Last raise 3.9 yr ago; this sector typically re-raises about every 13 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 Technology

Vendease Corp. is one of 21292 Other Technology companies tracked from San Francisco, LA, Nigeria; LA, Nigeria, on record since 2021. By capital raised it ranks in the upper tier (ahead of 85% 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

Where restaurants in Africa buy food supplies

Vendease is a marketplace that lets restaurants in Africa, order directly from farms and food manufacturers. Now, instead of going through expensive - middlemen - vendors, or wasting productive man hours sending staff to open markets with hiked prices, restaurants can now get on our platform, click to order and get all their food supplies within 24hrs.

Supply ChainFood & Beverage
Find Vendease Corp. online

As reported in public records reported — not modeled.

NG
Jurisdiction
Rule 506(b)
Reg D exemption
32
Investors (latest)
2021
Year incorporated
2022-08-23
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$125M$250M$375M$500MSeed · 2021-10-26 Raised $3.2M (real) Modeled valuation $58M (est)$3.2M$58MSeed2021Series B · 2022-08-23 Raised $19M (real) Modeled valuation $276M (est)$19M$276MSeries B2022+$19MCumulative $22M

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
Series B$19.3M · 2022no Series A on file

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A — 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
$276.1M
Base estimate est.
$47.2M
Conservative case
$704.7M
Upside case
$107.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $58.1M · 2021-10-262021Series B · modeled $276.1M · 2022-08-232022
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
3.9 yr
Elapsed time used
3.9 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$27.2M/yr
Capital velocity
4.7 yr
On record since
2021
First round
2
Rounds on file
How it compares to the market

Benchmarked against 21292 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) 7.1× above median
This company$22.5M
Sector median$3.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.0× above median
This company$19.3M
Sector median$19.2M
Modeled value — vs sector median (estimate, all stages) 7.4× above median
This company$276.1M
Sector median$37.3M

Raised more than 85% of sector peers (real $). Modeled value above 87% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #174 of 514.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Contabilizei Co · Series B Raised $66.4M · modeled $707.8M (est)Skan, Inc. · Series B Raised $39.3M · modeled $684.7M (est)Design Barn Inc. · Series B Raised $37.0M · modeled $662.7M (est)SKAEL, Inc. · Series B Raised $37.9M · modeled $658.4M (est)Maze.Design, Inc. · Series B Raised $57.0M · modeled $649.8M (est)Infinity Stones Inc. · Series B Raised $78.9M · modeled $648.5M (est)GridX, Inc. · Series B Raised $54.7M · modeled $623.3M (est)Convictional, Inc. · Series B Raised $43.4M · modeled $608.7M (est)SourceDay, Inc. · Series B Raised $58.0M · modeled $599.3M (est)Xatabase, Inc. · Series B Raised $35.0M · modeled $596.0M (est)Concord SCC Ltd · Series B Raised $39.8M · modeled $585.1M (est)sovrn Holdings, Inc. · Series B Raised $80.4M · modeled $559.5M (est)Vendease Corp. (this company) Raised $22.5M · modeled $276.1M (est)Vendease Corp.
CompanyStageRaised · realValue · estvs peer med.
Contabilizei CoSeries B$66.4M$707.8M3.30×
Skan, Inc.Series B$39.3M$684.7M3.19×
Design Barn Inc.Series B$37.0M$662.7M3.09×
SKAEL, Inc.Series B$37.9M$658.4M3.07×
Maze.Design, Inc.Series B$57.0M$649.8M3.03×
Infinity Stones Inc.Series B$78.9M$648.5M3.02×
GridX, Inc.Series B$54.7M$623.3M2.90×
Convictional, Inc.Series B$43.4M$608.7M2.84×
SourceDay, Inc.Series B$58.0M$599.3M2.79×
Xatabase, Inc.Series B$35.0M$596.0M2.78×
Concord SCC LtdSeries B$39.8M$585.1M2.73×
sovrn Holdings, Inc.Series B$80.4M$559.5M2.61×
Vendease Corp. this companySeries B$22.5M$276.1M1.29×
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$3.2M2021-10-26$16.0M$58.1M45%
Series B$19.3M2022-08-23$107.0M$276.1M90%
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$3.2M2021-10-26
    • First recorded raise — entered as Seed.
  2. Series B$19.3M2022-08-23
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 6.0× larger than the prior — scaling up.
    • 32 investors on this round.
Intelligence
2023 ~Q2
Modeled next raise · ~10mo cadence
$57.8M
Modeled next size est.range $37.5M$92.4M
6.0×
Last step-up
$27.2M/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
Cyril Collon1 other2022-08
Andreata Muforo2022-08
Gatumi Aliyu2022-08
Olatunde Kara2022-08
Olumide Fayankin2022-08
Registry & provenance

Vendease 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
NG
Jurisdiction
1948192
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
Leapxpert GroupOther TechnologySeries B$22.1M$266.4Msame sector · same stage
Noya PBCOther TechnologySeries B$22.0M$262.4Msame sector · same stage
ViciNFT CorpOther TechnologySeries B$23.3M$280.6Msame sector · same stage
Runwise Inc.Other TechnologySeries B$24.4M$294.8Msame sector · same stage
Tectus CorpOther TechnologySeries B$24.5M$285.3Msame sector · same stage
ChartHop, Inc.Other TechnologySeries B$24.6M$258.0Msame sector · same stage
Cane Ip Harmony LlcOther TechnologySeries B$20.5M$276.0Msame sector · same stage
RightRev IncOther TechnologySeries B$24.8M$278.5Msame 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
Suplias
We enable FMCG distributors in Africa buy inventory on credit
Fintech73%
Heyfood
Doordash for Africa
SaaS / Software72%
South African Breweries
South African company, based in Johannesburg. Sector: fast-moving consumer goods.
fast-moving consumer goods72%
FoodCourt
Virtual Restaurants & Stores for Africa
Food & Beverage72%
Mango
South African company, based in Johannesburg.
71%
Atlas Brasil Proteinas
Brazilian company, based in Castanhal, PA. Sector: Consumer / Retail.
Consumer / Retail71%
Bluff Meat Supply
South African company.
71%
African Fertilizer and Agribusiness Partnership
South African company, based in Johannesburg.
Agtech / Foodtech71%
Frequently asked
How much funding has Vendease Corp. raised?
Vendease Corp. has raised approximately $22.5M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Vendease Corp.'s estimated valuation?
Provath's modeled valuation for Vendease Corp. is approximately $276.1M (modeled range $47.2M–$704.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Vendease Corp. at?
Vendease Corp.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Aug 23.
What does Vendease Corp. do and where is it based?
Vendease Corp. operates in the Other Technology sector, based in San Francisco, LA, Nigeria; LA, Nigeria. Where restaurants in Africa buy food supplies
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