Diligence memo · auto-generated · as of July 2, 2026
Vertex Software, Inc.
Vertex Software, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Vertex Software, Inc. operates in Software / Tech, based in Des Moines.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Vertex Software, Inc. has raised $72M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $39M on 2021-08-20.
Most recent recorded round closed around 2022-03-29.
Valuation (modeled)modeled
Provath models Vertex Software, Inc. at approximately $50M (range $7.3M–$137M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.24× the median modeled value of Series B Software / Tech companies in 2022–2024 (174 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 11 months.
Last raise 4.3 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round was 12.8× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 93% of Software / Tech peers (3920 compared).
Modeled value ranks above 58% of those peers.
Closest niche peers: Argyle Systems Inc., Shoreline Software, Inc., ALICE Technologies, Inc., Tint Technologies Inc., Vanilla Technologies Inc..
Peoplefiled
9 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.