Diligence memo · auto-generated · as of July 2, 2026
Zero Mass Water, Inc.
Zero Mass Water, Inc. looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Zero Mass Water, Inc. operates in Other, based in SCOTTSDALE.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Zero Mass Water, Inc. has raised $181M in disclosed capital across 7 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $109M on 2022-04-14.
Most recent recorded round closed around 2025-02-25.
Valuation (modeled)modeled
Provath models Zero Mass Water, Inc. at approximately $167M (range $109M–$215M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.18× the median modeled value of Series D+ Other companies in 2025–2027 (50 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 12 months.
Last raise 16 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
The last round was 5.6× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 98% of Other peers (25015 compared).
Modeled value ranks above 88% of those peers.
Closest niche peers: AP Adhesives Acquisitions, Inc., INNOVATE Corp., Curaleaf Holdings, Inc., Phantom Parent, LP, Impulse Space, Inc..
Peoplefiled
13 named people on file across officers, directors and signatories.
Risks & flagsmixed
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.