Diligence memo · auto-generated · as of July 2, 2026
Flitways Technology Inc.
Flitways Technology Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Flitways Technology Inc. operates in Tourism and Travel Services, based in WEST PALM BEACH.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Flitways Technology Inc. has raised $865K in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $750K on 2019-04-15.
Most recent recorded round closed around 2019-04-15.
Valuation (modeled)modeled
Provath models Flitways Technology Inc. at approximately $6.7M (range $445K–$76M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.92× the median modeled value of Pre-Seed Tourism and Travel Services companies in 2019–2021 (12 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 20 months.
Last raise 7.2 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 6.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 38% of Tourism and Travel Services peers (172 compared).
Modeled value ranks above 55% of those peers.
Closest niche peers: Bluebird Backcountry, LLC, Group Island Spirit, Inc., Wheel The World Inc., Cornucopiacastle, LDA, Helios Dyrt Partners II, LLC.
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.