Diligence memo · auto-generated · as of July 2, 2026
Phase Change Software Llc
Phase Change Software Llc looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Phase Change Software Llc operates in Software / Tech, based in LAKEWOOD.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Phase Change Software Llc has raised $37M in disclosed capital across 20 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $7.9M on 2021-10-18.
Most recent recorded round closed around 2025-01-15.
Valuation (modeled)modeled
Provath models Phase Change Software Llc at approximately $4.7M (range $1.4M–$9.0M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.22× the median modeled value of Series A Software / Tech companies in 2025–2027 (205 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 7 months.
Last raise 18 mo ago; this sector typically re-raises about every 13 months.
Slightly overdue versus sector cadence.
The last round was 4.5× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 88% of Software / Tech peers (3920 compared).
Modeled value ranks above 15% of those peers.
Closest niche peers: Integrity Labs, Inc., Volteras Technologies, Inc., Unto Labs, Inc., Veda Tech Labs Inc., Caliber Labs, PBC.
Peoplefiled
22 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.