Companies · Other Technology

Wave Accounting Inc.

TORONTO · Other Technology

Diligence memoA one-page analyst read on Wave Accounting Inc. — recommendation, valuation, rhythm, risks.
$63.1M
Total raised · real
7
Rounds
2.2×
Latest step-up
Top 7%
Sector rank · raised
Series A
Latest stage · inferred · Thu Sep 08 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Wave Accounting 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 1.96× the median modeled value of Series A Other Technology companies in 2016–2018 (815 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.8 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

Wave Accounting Inc. is one of 21292 Other Technology companies tracked from TORONTO. By capital raised it ranks among the largest (ahead of 94% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
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$500MSeries A · 2012-05-14 Raised $12M (real) Modeled valuation $335M (est)Series A2012Series A · 2012-05-14 Raised $12M (real) Modeled valuation $341M (est)Series A2012Series A · 2013-10-08 Raised $6.0M (real) Modeled valuation $166M (est)Series A2013Series A · 2015-04-27 Raised $10M (real) Modeled valuation $277M (est)Series A2015Series A · 2015-11-18 Raised $6.3M (real) Modeled valuation $175M (est)Series A2015Series A · 2015-11-18 Raised $5.2M (real) Modeled valuation $143M (est)Series A2015Series A · 2016-09-08 Raised $11M (real) Modeled valuation $314M (est)Series A2016+$12M+$6.0M+$10M+$6.3M+$5.2M+$11MCumulative $63M

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$12.1M · 2012
Series A extension$12.3M · 2012
Series A extension$6.0M · 2013
Series A extension$10.0M · 2015
Series A extension$6.3M · 2015
Series A extension$5.2M · 2015
Series A extension$11.3M · 2016

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
$313.8M
Base estimate est.
$15.1M
Conservative case
$1.7B
Upside case
$51.4M
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 scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $335.0M · 2012-05-142012Series A · modeled $340.6M · 2012-05-14Series A · modeled $166.4M · 2013-10-08Series A · modeled $277.4M · 2015-04-27Series A · modeled $174.5M · 2015-11-18Series A · modeled $142.9M · 2015-11-18Series A · modeled $313.8M · 2016-09-082016
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
6.0 yr
Elapsed time used
9.8 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$14.6M/yr
Capital velocity
14.1 yr
On record since
2012
First round
7
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) 20× above median
This company$63.1M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.0× above median
This company$11.3M
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 8.4× above median
This company$313.8M
Sector median$37.3M

Raised more than 94% of sector peers (real $). Modeled value above 88% 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 #93 of 815.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Kaarya LLC · Series A Raised $15.0M · modeled $416.1M (est)VictorOps, Inc. · Series A Raised $36.3M · modeled $416.1M (est)Ephesoft Inc. · Series A Raised $15.0M · modeled $416.1M (est)Stay Alfred, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Rubica, Inc. · Series A Raised $16.6M · modeled $416.1M (est)Resilinc Corp · Series A Raised $15.0M · modeled $416.1M (est)DiCentral Corp · Series A Raised $15.0M · modeled $416.1M (est)Celect, Inc. · Series A Raised $30.1M · modeled $416.1M (est)PocketWatch, Inc. · Series A Raised $16.8M · modeled $416.1M (est)MobileCause, Inc. · Series A Raised $24.6M · modeled $416.1M (est)DynamicAction Holdings, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Bench Accounting, Inc. · Series A Raised $29.9M · modeled $416.1M (est)Wave Accounting Inc. (this company) Raised $63.1M · modeled $313.8M (est)Wave Accounting Inc.
CompanyStageRaised · realValue · estvs peer med.
Kaarya LLCSeries A$15.0M$416.1M2.60×
VictorOps, Inc.Series A$36.3M$416.1M2.60×
Ephesoft Inc.Series A$15.0M$416.1M2.60×
Stay Alfred, Inc.Series A$15.0M$416.1M2.60×
Rubica, Inc.Series A$16.6M$416.1M2.60×
Resilinc CorpSeries A$15.0M$416.1M2.60×
DiCentral CorpSeries A$15.0M$416.1M2.60×
Celect, Inc.Series A$30.1M$416.1M2.60×
PocketWatch, Inc.Series A$16.8M$416.1M2.60×
MobileCause, Inc.Series A$24.6M$416.1M2.60×
DynamicAction Holdings, Inc.Series A$15.0M$416.1M2.60×
Bench Accounting, Inc.Series A$29.9M$416.1M2.60×
Wave Accounting Inc. this companySeries A$63.1M$313.8M1.96×
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$12.1M2012-05-14$54.9M$335.0M90%
Series A$12.3M2012-05-14$55.8M$340.6M90%
Series A$6.0M2013-10-08$27.3M$166.4M90%
Series A$10.0M2015-04-27$45.5M$277.4M90%
Series A$6.3M2015-11-18$28.6M$174.5M90%
Series A$5.2M2015-11-18$23.4M$142.9M90%
Series A$11.3M2016-09-08$51.4M$313.8M90%
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$12.1M2012-05-14
    • First recorded raise — entered as Series A.
  2. Series A$12.3M2012-05-14
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  3. Series A$6.0M2013-10-08
    • Raised 17 mo later, in step with the ~13 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
  4. Series A$10.0M2015-04-27
    • Raised 19 mo later, in step with the ~13 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
  5. Series A$6.3M2015-11-18
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
  6. Series A$5.2M2015-11-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  7. Series A$11.3M2016-09-08
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
Intelligence
2017 ~Q2
Modeled next raise · ~9mo cadence
$24.9M
Modeled next size est.range $16.2M$39.8M
2.2×
Last step-up
$14.6M/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
Mamoon Hamid14 other2012-05
Devdutt Yellurkar8 other2012-05
Peter Misek3 other2015-11
David Ossip2 other2012-05
James Lochrie2 other2012-05
Damien Steel1 other2015-11
John Ruffolo2012-05
Kevin Kimsa2015-04
Kirk Simpson2012-05
Rebecca Skvorc2015-04
Rustin Smith2012-05
Registry & provenance

Wave Accounting 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
1496076
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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DIGITAL SIGNAL CorpOther TechnologySeries A$48.4M$302.1Msame sector · same stage
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Frequently asked
How much funding has Wave Accounting Inc. raised?
Wave Accounting Inc. has raised approximately $63.1M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Wave Accounting Inc.'s estimated valuation?
Provath's modeled valuation for Wave Accounting Inc. is approximately $313.8M (modeled range $15.1M–$1.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Wave Accounting Inc. at?
Wave Accounting Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Sep 08.
What does Wave Accounting Inc. do and where is it based?
Wave Accounting Inc. operates in the Other Technology sector, based in TORONTO.
Explore related

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