Diligence memo · auto-generated · as of July 2, 2026
What3Words Ltd
What3Words Ltd looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
What3Words Ltd operates in Other Technology, based in London.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
What3Words Ltd has raised $9.7M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $9.7M on 2021-11-26.
Most recent recorded round closed around 2021-11-26.
Valuation (modeled)modeled
Provath models What3Words Ltd at approximately $152M (range $13M–$599M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.07× the median modeled value of Series A Other Technology companies in 2019–2021 (992 peers) — value vs value, same stage and era. Within the normal band (107% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 4.6 yr ago; this sector typically re-raises about every 13 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 72% of Other Technology peers (21302 compared).
Modeled value ranks above 80% of those peers.
Closest niche peers: Neighborhoods.com, LLC, tinyBuild Inc., DV01, Inc., NowSecure, Inc., Airbiquity Inc.
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.