Diligence memo · auto-generated · as of July 2, 2026
425 Commerce, Ltd.
425 Commerce, Ltd. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
425 Commerce, Ltd. operates in Restaurants, based in FORT WORTH.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
425 Commerce, Ltd. has raised $550K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $550K on 2010-10-14.
Most recent recorded round closed around 2010-10-14.
Valuation (modeled)modeled
Provath models 425 Commerce, Ltd. at approximately $2.4M (range $308K–$27M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.57× the median modeled value of Pre-Seed Restaurants companies in 2010–2012 (184 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 15.7 yr ago; this sector typically re-raises about every 13 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 37% of Restaurants peers (2292 compared).
Modeled value ranks above 48% of those peers.
Closest niche peers: Eighty Five 75 LLC, McGrath's Publick Fish House, LLC, Bethesda Blues & Jazz, LLC, Bethesda Blues, LLC, La Corsha Restaurant Partners, Ltd..
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.