Diligence memo · auto-generated · as of July 2, 2026
Sparta Software Corp
Sparta Software Corp looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Sparta Software Corp operates in Software / Tech, based in San Francisco.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Sparta Software Corp has raised $32M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $17M on 2020-02-27.
Most recent recorded round closed around 2022-08-31.
Valuation (modeled)modeled
Provath models Sparta Software Corp at approximately $55M (range $9.4M–$139M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.27× the median modeled value of Series B Software / Tech companies in 2022–2024 (174 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 14 months.
Last raise 3.8 yr ago; this sector typically re-raises about every 13 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 4.5× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 86% of Software / Tech peers (3920 compared).
Modeled value ranks above 60% of those peers.
Closest niche peers: Argyle Systems Inc., Shoreline Software, Inc., ALICE Technologies, Inc., Tint Technologies Inc., Vanilla Technologies Inc..
Peoplefiled
9 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.