Diligence memo · auto-generated · as of July 2, 2026
Zhang Heng Technology Ltd
Zhang Heng Technology Ltd looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Zhang Heng Technology Ltd operates in Environmental Services, based in HONG KONG.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Zhang Heng Technology Ltd has raised $5.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.0M on 2024-11-13.
Most recent recorded round closed around 2024-11-13.
Valuation (modeled)modeled
Provath models Zhang Heng Technology Ltd at approximately $21M (range $6.3M–$42M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.67× the median modeled value of Series A Environmental Services companies in 2022–2024 (8 peers) — value vs value, same stage and era. Issuer reports $5M–$25M revenue while modeled below niche peers.
Financing rhythm & timingmixed
Last raise 20 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
Comparablesmixed
Capital scale ranks ahead of 65% of Environmental Services peers (242 compared).
Modeled value ranks above 48% of those peers.
Closest niche peers: Phospholutions, Inc., Omni Recycling Holdings, LLC, NativState LLC, 3Degrees Group, Inc., Climate Vault Solutions, Inc..
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.