Diligence memo · auto-generated · as of July 2, 2026
Bright Exchange Inc.
Bright Exchange Inc. looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Bright Exchange Inc. operates in Energy Conservation, based in SAN FRANCISCO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Bright Exchange Inc. has raised $28M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $7.5M on 2021-07-08.
Most recent recorded round closed around 2022-12-14.
Valuation (modeled)modeled
Provath models Bright Exchange Inc. at approximately $26M (range $3.8M–$81M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.71× the median modeled value of Series A Energy Conservation companies in 2022–2024 (11 peers) — value vs value, same stage and era. Within the normal band (71% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 17 months.
Last raise 3.5 yr ago; this sector typically re-raises about every 11 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round stepped up 1.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 88% of Energy Conservation peers (254 compared).
Modeled value ranks above 50% of those peers.
Closest niche peers: Energy Exploration Technologies, Inc., Verdigris Technologies, Inc., BIA Controls, Inc., Enteligent Inc., GeoSolar Technologies, Inc..
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.