Diligence memo · auto-generated · as of July 2, 2026
Texas Energy Network, LLC
Texas Energy Network, LLC looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Texas Energy Network, LLC operates in Telecommunications, based in HOUSTON.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Texas Energy Network, LLC has raised $23M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $15M on 2014-02-18.
Most recent recorded round closed around 2014-02-18.
Valuation (modeled)modeled
Provath models Texas Energy Network, LLC at approximately $263M (range $20M–$1.4B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.85× the median modeled value of Series A Telecommunications companies in 2013–2015 (41 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 10 months.
Last raise 12.4 yr ago; this sector typically re-raises about every 10 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.9× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 80% of Telecommunications peers (929 compared).
Modeled value ranks above 85% of those peers.
Closest niche peers: Novatel Wireless Inc, USConnect Holdings, Inc., Insite Wireless Group, LLC, Fiberzone Networks Inc, Northeast Wireless Networks, LLC.
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.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.