Diligence memo · auto-generated · as of July 2, 2026
Lightning Bug, Inc.
Lightning Bug, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Lightning Bug, Inc. operates in Energy Conservation, based in SCOTTS VALLEY.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Lightning Bug, Inc. has raised $8.2M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $4.4M on 2009-06-26.
Most recent recorded round closed around 2009-06-26.
Valuation (modeled)modeled
Provath models Lightning Bug, Inc. at approximately $96M (range $5.5M–$523M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.80× the median modeled value of Series A Energy Conservation companies in 2007–2009 (6 peers) — value vs value, same stage and era. Within the normal band (80% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 17.0 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.1× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 74% of Energy Conservation peers (254 compared).
Modeled value ranks above 81% of those peers.
Closest niche peers: Solargreen Inc, Borrego Solar Systems Inc, EcoFactor, Inc., Lighting Retrofit International, LLC, Lightscape Materials, Inc..
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.