Companies · Crypto / Web3

Zone

Nigeria · Africa · Crypto / Web3

Diligence memoA one-page analyst read on Zone — recommendation, valuation, rhythm, risks.
$8.5M
Total raised · real
1
Rounds
Latest step-up
Top 21%
Sector rank · raised
Seed
Latest stage · inferred · Tue Mar 19 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Zone 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 crypto/web3 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 1.42× the median modeled value of Seed Crypto / Web3 companies in 2022–2024 (8 peers) — value vs value, same stage and era.
  • Within the normal band (142% of peer median) for its niche.
At-risk
  • Last raise 2.3 yr ago; this sector typically re-raises about every 7 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Where it sits in Crypto / Web3

Zone is one of 196 Crypto / Web3 companies tracked from Nigeria, Africa. By capital raised it ranks in the upper tier (ahead of 80% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

Nigerian startup Zone, a fast-growing payment infrastructure company, has raised US$8.5 million in an oversubscribed seed funding round to help it scale its blockchain-based decentralised payment infrastructure for financial services providers across the continent and beyond.

Nigerian startup Zone, a fast-growing payment infrastructure company, has raised US$8.5 million in an oversubscribed seed funding round to help it scale its blockchain-based decentralised payment infrastructure for financial services providers across the continent and beyond.

crypto/web3

As reported in public records reported — not modeled.

NG
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$13M$25M$38M$50MSeed · 2024-03-19 Raised $8.5M (real) Modeled valuation $48M (est)$8.5M$48MSeed2024

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$8.5M · 2024

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
$47.6M
Base estimate est.
$6.3M
Conservative case
$136.8M
Upside case
$42.5M
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 scaled by the crypto/web3 sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
33%
Survival probability
15% low · 51% high
1.71×/yr
Annual markup
2.24×/yr upside case
2.3 yr
Elapsed time used
2.3 yr actual, capped for stale marks
crypto/web3
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
2.3 yr
On record since
2024
First round
1
Rounds on file
How it compares to the market

Benchmarked against 196 companies in Crypto / Web3. 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) 2.4× above median
This company$8.5M
Sector median$3.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 4.3× above median
This company$8.5M
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages) 0.9× of median
This company$47.6M
Sector median$53.1M

Raised more than 80% of sector peers (real $). Modeled value above 67% 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 #2 of 8.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Kyber Crypto Holdings, LLC · Seed Raised $3.6M · modeled $50.1M (est)Crypto Game Group, Inc. · Seed Raised $3.0M · modeled $46.1M (est)NFT Brands Inc. · Seed Raised $6.1M · modeled $36.0M (est)Netcore Crypto Inc. · Seed Raised $2.4M · modeled $30.9M (est)Nume Crypto Inc. · Seed Raised $2.0M · modeled $29.7M (est)Bitzero Blockchain Inc. · Seed Raised $2.2M · modeled $29.7M (est)Tranch inc · Seed Raised $4.5M · modeled $10.0M (est)Zone (this company) Raised $8.5M · modeled $47.6M (est)Zone
CompanyStageRaised · realValue · estvs peer med.
Kyber Crypto Holdings, LLCSeed$3.6M$50.1M1.50×
Zone this companySeed$8.5M$47.6M1.42×
Crypto Game Group, Inc.Seed$3.0M$46.1M1.38×
NFT Brands Inc.Seed$6.1M$36.0M1.08×
Netcore Crypto Inc.Seed$2.4M$30.9M0.92×
Nume Crypto Inc.Seed$2.0M$29.7M0.89×
Bitzero Blockchain Inc.Seed$2.2M$29.7M0.89×
Tranch incSeed$4.5M$10.0M0.30×
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$8.5M2024-03-19$42.5M$47.6M45%
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$8.5M2024-03-19
    • First recorded raise — entered as Seed.
Intelligence
Modeled next raise
$13.6M
Modeled next size est.range $8.8M$21.8M
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.

Registry & provenance

Zone 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
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
NFT Brands Inc.Crypto / Web3Seed$6.1M$36.0Msame sector · same stage
Black Creek Crypto LLCCrypto / Web3Seed$5.5M$52.1Msame sector · same stage
Tranch incCrypto / Web3Seed$4.5M$10.0Msame sector · same stage
RevixCrypto / Web3Seed$4.0M$107.8Msame sector · same stage
Alpaca, Inc.Crypto / Web3Seed$3.7M$2.4Msame sector · same stage
Kyber Crypto Holdings, LLCCrypto / Web3Seed$3.6M$50.1Msame sector · same stage
NFT Genius Inc.Crypto / Web3Seed$3.6M$93.5Msame sector · same stage
Flipside Crypto, LlcCrypto / Web3Seed$3.6M$146.1Msame sector · same stage
Frequently asked
How much funding has Zone raised?
Zone has raised approximately $8.5M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Zone's estimated valuation?
Provath's modeled valuation for Zone is approximately $47.6M (modeled range $6.3M–$136.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Zone at?
Zone's latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Mar 19.
What does Zone do and where is it based?
Zone operates in the Crypto / Web3 sector, based in Nigeria, Africa. Nigerian startup Zone, a fast-growing payment infrastructure company, has raised US$8.5 million in an oversubscribed seed funding round to help it scale its blockchain-based decentralised payment infrastructure for financial services providers across the continent and beyond.
Explore related

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