Diligence memo · auto-generated · as of July 2, 2026
Spark Change Group Inc.
Spark Change Group Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Spark Change Group Inc. operates in Environmental Services, based in Seattle.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Spark Change Group Inc. has raised $6.6M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.6M on 2020-02-05.
Most recent recorded round closed around 2021-02-26.
Valuation (modeled)modeled
Provath models Spark Change Group Inc. at approximately $61M (range $2.5M–$399M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.45× the median modeled value of Seed Environmental Services companies in 2019–2021 (10 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 13 months.
Last raise 5.3 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 71% of Environmental Services peers (242 compared).
Modeled value ranks above 71% of those peers.
Closest niche peers: Evergreen Environmental Partners, LLC, Perma Fix Environmental Services Inc, Ubuntoo, Inc., High Desert H2O, LLC, Civil & Environmental Consultants, Inc..
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.