Diligence memo · auto-generated · as of July 2, 2026
Spar Systems Inc.
Spar Systems Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
Spar Systems Inc. operates in Software / Tech, based in MONTVALE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Spar Systems Inc. has raised $1.1M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $545K on 2024-12-05.
Most recent recorded round closed around 2024-12-05.
Valuation (modeled)modeled
Provath models Spar Systems Inc. at approximately $2.1M (range $356K–$6.2M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.68× the median modeled value of Pre-Seed Software / Tech companies in 2022–2024 (288 peers) — value vs value, same stage and era. Within the normal band (68% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 9 months.
Last raise 19 mo ago; this sector typically re-raises about every 13 months.
Slightly overdue versus sector cadence.
The last round stepped up 1.7× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 25% of Software / Tech peers (3920 compared).
Modeled value ranks above 8% of those peers.
Closest niche peers: Nivelo Tech Inc., Iris Technology, Inc., Enki Labs, Inc., Basketball Training Systems, Inc., Digital Fabrication Workshop, Inc..
Peoplefiled
2 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.