Diligence memo · auto-generated · as of July 2, 2026
Coverlease, Inc.
Coverlease, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Coverlease, Inc. operates in Other Technology, based in BAYPORT.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Coverlease, Inc. has raised $2.4M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $1.0M on 2020-12-17.
Most recent recorded round closed around 2021-09-09.
Valuation (modeled)modeled
Provath models Coverlease, Inc. at approximately $19M (range $571K–$153M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.77× the median modeled value of Pre-Seed Other Technology companies in 2019–2021 (1021 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 5 months.
Last raise 4.8 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 44% of Other Technology peers (21302 compared).
Modeled value ranks above 35% of those peers.
Closest niche peers: Rabbit Inc., Pegasystems Inc, Vitally, Inc., Zurra, Inc., HR Soft Inc..
Peoplefiled
2 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.