Diligence memo · auto-generated · as of July 2, 2026
Pigeonly, Inc.
Pigeonly, Inc. has raised $6.9M over 7 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Pigeonly, Inc. operates in Govtech / Public Sector, based in LAS VEGAS, NV, USA. The affordable way to search, find & communicate with an incarcerated…
Sub-sector tags: GovTech.
Capital & rounds (filed)filed
Pigeonly, Inc. has raised $6.9M in disclosed capital across 7 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.5M on 2015-04-29.
Most recent recorded round closed around 2022-12-23.
Valuation (modeled)modeled
Provath models Pigeonly, Inc. at approximately $4.1M (range $417K–$16M). 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 13 months.
Last raise 3.5 yr ago; this sector typically re-raises about every 9 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 1.7× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 89% of Govtech / Public Sector peers (46 compared).
Modeled value ranks above 80% of those peers.
Closest niche peers: Municipal Solvency Research LLC.
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.