Diligence memo · auto-generated · as of July 2, 2026
TransitNet LLC
TransitNet LLC looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
TransitNet LLC operates in Other Technology, based in MANHATTAN BEACH.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
TransitNet LLC has raised $1.1M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.1M on 2021-04-30.
Most recent recorded round closed around 2021-04-30.
Valuation (modeled)modeled
Provath models TransitNet LLC at approximately $24M (range $933K–$152M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.46× the median modeled value of Seed Other Technology companies in 2019–2021 (1049 peers) — value vs value, same stage and era. Issuer reports $0–$1M revenue while modeled below niche peers.
Financing rhythm & timingmixed
Last raise 5.2 yr ago; this sector typically re-raises about every 13 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 30% of Other Technology peers (21302 compared).
Modeled value ranks above 41% of those peers.
Closest niche peers: Platypus Institute Inc., Pointivo, Inc., RealtimeX Inc., Scholastic Network Partners, LLC, Social Circle, LLC.
Peoplefiled
2 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.