Diligence memo · auto-generated · as of July 2, 2026
Varis, Inc.
Varis, Inc. looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Varis, Inc. operates in Business Services, based in Boca Raton.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Varis, Inc. has raised $40M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $30M on 2023-08-10.
Most recent recorded round closed around 2024-10-18.
Valuation (modeled)modeled
Provath models Varis, Inc. at approximately $64M (range $26M–$108M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.38× the median modeled value of Series B Business Services companies in 2022–2024 (27 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 14 months.
Last raise 20 mo ago; this sector typically re-raises about every 12 months.
Slightly overdue versus sector cadence.
The last round was 3.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 94% of Business Services peers (2439 compared).
Modeled value ranks above 82% of those peers.
Closest niche peers: Socially Determined, Inc., SWISS GROUP FINANCE Corp, Truora Inc., C3 Capital, Inc., Relay Ridge Capital LLC.
Peoplefiled
15 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.