Diligence memo · auto-generated · as of July 2, 2026
Peerless Network Inc.
Peerless Network Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Peerless Network Inc. operates in Telecommunications, based in CHICAGO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Peerless Network Inc. has raised $14M 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: $10M on 2009-04-29.
Most recent recorded round closed around 2010-06-28.
Valuation (modeled)modeled
Provath models Peerless Network Inc. at approximately $70M (range $5.3M–$381M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.74× the median modeled value of Series A Telecommunications companies in 2010–2012 (60 peers) — value vs value, same stage and era. Within the normal band (74% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 14 months.
Last raise 16.0 yr ago; this sector typically re-raises about every 10 months.
Silent for over 3× the sector's normal cadence.
The last round was 2.5× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 72% of Telecommunications peers (929 compared).
Modeled value ranks above 65% of those peers.
Closest niche peers: Destination Media, Inc., Tely Labs, Inc., Mblast Inc, Matrixx Software, Inc., Unitek Holdings Inc.
Peoplefiled
9 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.