Diligence memo · auto-generated · as of July 2, 2026
PlanGrid, Inc.
PlanGrid, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
PlanGrid, Inc. operates in Other, based in SAN FRANCISCO, CA, USA. Mobile applications for the construction industry.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
Capital & rounds (filed)filed
PlanGrid, Inc. has raised $47M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $40M on 2015-11-02.
Most recent recorded round closed around 2017-09-12.
Valuation (modeled)modeled
Provath models PlanGrid, Inc. at approximately $114M (range $17M–$440M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.34× the median modeled value of Series B Other companies in 2016–2018 (298 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 22 months.
Last raise 8.8 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 5.8× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 92% of Other peers (25015 compared).
Modeled value ranks above 84% of those peers.
Closest niche peers: EIP Investment Holdings, LLC, HD MSouth Holdings, LLC, Aston Holding Corp., AirClean Holdings, Inc., Westminster Virginia LP.
Peoplefiled
11 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.