Diligence memo · auto-generated · as of July 2, 2026
Packet Digital Llc
Packet Digital Llc has raised $12M over 2 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Packet Digital Llc operates in Software / Tech, based in Fargo.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Packet Digital Llc has raised $12M 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: $9.7M on 2012-04-13.
Most recent recorded round closed around 2012-04-13.
Valuation (modeled)modeled
Provath models Packet Digital Llc at approximately $269M (range $13M–$1.5B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 12 months.
Last raise 14.2 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round was 4.6× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 70% of Software / Tech peers (3920 compared).
Modeled value ranks above 86% of those peers.
Peoplefiled
6 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.