Diligence memo · auto-generated · as of July 2, 2026
Legence Corp.
Legence Corp. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Legence Corp. operates in Other Energy, based in San Jose.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Legence Corp. has raised $107M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $100M on 2026-01-02.
Most recent recorded round closed around 2026-03-01.
Valuation (modeled)modeled
Provath models Legence Corp. at approximately $38M (range $27M–$45M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.15× the median modeled value of Series C Other Energy companies in 2025–2027 (17 peers) — value vs value, same stage and era. Issuer reports $100M+ revenue while modeled below niche peers.
Financing rhythm & timingmixed
Historic cadence: a new round about every 2 months.
Last raise 4 mo ago; this sector typically re-raises about every 12 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 13.8× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 95% of Other Energy peers (2049 compared).
Modeled value ranks above 66% of those peers.
Closest niche peers: Cig Ds1, Llc, Electra Battery Materials Corp, Z-GEO Holdings, LLC, Natron Holdings, Inc., Ludvik Electric Co.
Peoplefiled
11 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.