Diligence memo · auto-generated · as of July 2, 2026
Flete, Inc.
Flete, Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
Flete, Inc. operates in Business Services, based in DES MOINES.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Flete, Inc. has raised $653K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $653K on 2024-10-01.
Most recent recorded round closed around 2024-10-01.
Valuation (modeled)modeled
Provath models Flete, Inc. at approximately $2.6M (range $444K–$8.1M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.26× the median modeled value of Pre-Seed Business Services companies in 2022–2024 (151 peers) — value vs value, same stage and era. Within the normal band (126% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 21 mo ago; this sector typically re-raises about every 12 months.
Slightly overdue versus sector cadence.
Comparablesmixed
Capital scale ranks ahead of 48% of Business Services peers (2439 compared).
Modeled value ranks above 31% of those peers.
Closest niche peers: AltaClaro, Inc., LC Group, LLC, SEI - Chicago LLC, Ellie Lane Capital Llc, Blast Digital Media Corp.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.