Diligence memo · auto-generated · as of July 2, 2026
4Front Holdings Llc
4Front Holdings Llc looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
4Front Holdings Llc operates in Other, based in PHOENIX.
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
4Front Holdings Llc has raised $53M in disclosed capital across 9 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $19M on 2018-10-23.
Most recent recorded round closed around 2019-04-15.
Valuation (modeled)modeled
Provath models 4Front Holdings Llc at approximately $87M (range $13M–$334M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.29× the median modeled value of Series B Other companies in 2019–2021 (371 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 3 months.
Last raise 7.2 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 93% of Other peers (25015 compared).
Modeled value ranks above 81% of those peers.
Closest niche peers: MStar Holding Corp, Chlorum Solutions Llc, IFS Management Holdco, LLC, Benefit Recovery Group, LLC, Shenandoah Growers, Inc..
Peoplefiled
13 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.