Diligence memo · auto-generated · as of July 2, 2026

P97 Holdings, Inc.

P97 Holdings, Inc. looks fair against its niche peers and is dormant on financing cadence.

DeprioritizeFinancing has gone silent well past the sector's normal cadence — treat as inactive until outside confirmation of a live operation.

Businessfiled

P97 Holdings, Inc. operates in Other Technology, based in HOUSTON.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

P97 Holdings, Inc. has raised $41M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).

Largest single filing: $41M on 2023-03-23.

Most recent recorded round closed around 2023-03-23.

Valuation (modeled)modeled

Provath models P97 Holdings, Inc. at approximately $560M (range $154M–$1.0B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Fair. Modeled value is 0.84× the median modeled value of Series C Other Technology companies in 2022–2024 (187 peers) — value vs value, same stage and era. Within the normal band (84% of peer median) for its niche.

Financing rhythm & timingmixed

Last raise 3.3 yr ago; this sector typically re-raises about every 13 months.

Only one round on record and long silent — often defunct, acquired, or gone quiet.

Comparablesmixed

Capital scale ranks ahead of 91% of Other Technology peers (21302 compared).

Modeled value ranks above 93% of those peers.

Closest niche peers: LinkSquares, Inc., Semperis Ltd., Veev Group, Inc., GPI Acquisitions, Inc., DVX Ventures LLC.

Peoplefiled

15 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.