Diligence memo · auto-generated · as of July 2, 2026
TPA Stream Inc.
TPA Stream Inc. looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
TPA Stream Inc. operates in Other Technology, based in Shaker Heights.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
TPA Stream Inc. has raised $2.2M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $922K on 2023-12-20.
Most recent recorded round closed around 2024-10-22.
Valuation (modeled)modeled
Provath models TPA Stream Inc. at approximately $614K (range $98K–$1.9M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.22× the median modeled value of Pre-Seed Other Technology companies in 2022–2024 (975 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 29 months.
Last raise 20 mo ago; this sector typically re-raises about every 13 months.
Slightly overdue versus sector cadence.
The last round was 6.1× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 42% of Other Technology peers (21302 compared).
Modeled value ranks above 2% of those peers.
Closest niche peers: InRev, Inc., Positiv.ly LLC, SmashNet INC, RealConnex Holdings Inc., Pm-Ordr, Inc..
Peoplefiled
9 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.