Diligence memo · auto-generated · as of July 2, 2026
TransparentBusiness, Inc.
TransparentBusiness, Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
TransparentBusiness, Inc. operates in Other Technology, based in NEW YORK.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
TransparentBusiness, Inc. has raised $529M in disclosed capital across 9 recorded rounds, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $500M on 2024-04-24.
Most recent recorded round closed around 2025-03-20.
Valuation (modeled)modeled
Provath models TransparentBusiness, Inc. at approximately $117M (range $76M–$140M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.02× the median modeled value of Growth/Late Other Technology companies in 2025–2027 (9 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 6 months.
Last raise 15 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 11.6× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 100% of Other Technology peers (21302 compared).
Modeled value ranks above 74% of those peers.
Closest niche peers: EssentaTor Inc., Kalshi Inc., nFusz, Inc., Rarestep, Inc., MatX Inc..
Peoplefiled
21 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.