Companies · Restaurants

Ag QSR II LLC

Omaha · Restaurants

Diligence memoA one-page analyst read on Ag QSR II LLC — recommendation, valuation, rhythm, risks.
$40.0M
Total raised · real
4
Rounds
1.4×
Latest step-up
Top 3%
Sector rank · raised
Series B
Latest stage · inferred · Fri Nov 21 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Ag QSR II LLC looks under-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the restaurants sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.62× the median modeled value of Series B Restaurants companies in 2025–2027 (7 peers) — value vs value, same stage and era.
Active
  • Last raise 7 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Ag QSR II LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
4.2 yr record
Peak capital year was 2025 with $22.8M across 3 filings.
Market position
ahead of 98% of Restaurants peers
Capital scale is ahead of 98% of Restaurants peers; modeled value is above 94% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2025: $22.8M across 3 filings.
  • Largest single filing was $15.8M on 2024-08-28.
  • Filing rows sum to $46.5M, while canonical raised total is $40.0M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • Canonical filtering should be tightened before using row-level totals for diligence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Restaurants

Ag QSR II LLC is one of 2292 Restaurants companies tracked from Omaha. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
15
Investors (latest)
2022
Year incorporated
2025-11-21
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$25M$50M$75M$100MSeries A · 2022-04-06 Raised $7.9M (real) Modeled valuation $21M (est)$7.9M$21MSeries A2022Series B · 2024-08-28 Raised $16M (real) Modeled valuation $50M (est)$16M$50MSeries B2024Series B · 2025-02-18 Raised $6.8M (real) Modeled valuation $22M (est)$6.8M$22MSeries B2025Series A · 2025-02-18 Raised $6.5M (real) Modeled valuation $15M (est)$6.5M$15MSeries A2025Series B · 2025-11-21 Raised $9.4M (real) Modeled valuation $30M (est)$9.4M$30MSeries B2025+$16M+$6.8M+$6.5M+$9.4MCumulative $46M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$7.9M · 2022
Series B$15.8M · 2024
Series B extension$6.8M · 2025
Bridge · Series B-stage$6.5M · 2025smaller follow-on
Series B extension$9.4M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$29.8M
Base estimate est.
$19.8M
Conservative case
$40.9M
Upside case
$52.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the restaurants sector profile. Directional, not a quoted figure.

Series A · modeled $20.6M · 2022-04-062022Series B · modeled $50.1M · 2024-08-28Series B · modeled $21.7M · 2025-02-18Series A · modeled $14.6M · 2025-02-18Series B · modeled $29.8M · 2025-11-212025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
57%
Survival probability
38% low · 70% high
1.00×/yr
Annual markup
1.21×/yr upside case
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
restaurants
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$11.0M/yr
Capital velocity
4.2 yr
On record since
2022
First round
5
Rounds on file
How it compares to the market

Benchmarked against 2292 companies in Restaurants. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 44× above median
This company$40.0M
Sector median$900K
Latest round — vs other Series B rounds in sector (real $, this stage) 0.5× of median
This company$9.4M
Sector median$19.9M
Modeled value — vs sector median (estimate, all stages) 11× above median
This company$29.8M
Sector median$2.6M

Raised more than 98% of sector peers (real $). Modeled value above 94% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #5 of 7.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)7 Star Investments, LLC · Series B Raised $40.0M · modeled $126.8M (est)Opportunity Restaurant Group Llc · Series B Raised $63.0M · modeled $114.0M (est)Choolaah Holdings LLC · Series B Raised $20.0M · modeled $63.4M (est)TB16 Florida Holdings LLC · Series B Raised $15.1M · modeled $47.8M (est)Guernsey Holdings Zrc Holdco, Llc · Series B Raised $37.5M · modeled $10.1M (est)Hawaiian Bros Inc. · Series B Raised $73.1M · modeled $634K (est)Ag QSR II LLC (this company) Raised $40.0M · modeled $29.8M (est)Ag QSR II LLC
CompanyStageRaised · realValue · estvs peer med.
7 Star Investments, LLCSeries B$40.0M$126.8M2.65×
Opportunity Restaurant Group LlcSeries B$63.0M$114.0M2.39×
Choolaah Holdings LLCSeries B$20.0M$63.4M1.33×
TB16 Florida Holdings LLCSeries B$15.1M$47.8M1.00×
Ag QSR II LLC this companySeries B$40.0M$29.8M0.62×
Guernsey Holdings Zrc Holdco, LlcSeries B$37.5M$10.1M0.21×
Hawaiian Bros Inc.Series B$73.1M$634K0.01×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$7.9M2022-04-06$35.9M$20.6M90%
Series B$15.8M2024-08-28$87.9M$50.1M90%
Series B$6.8M2025-02-18$38.1M$21.7M90%
Series A$6.5M2025-02-18$29.5M$14.6M90%
Series B$9.4M2025-11-21$52.3M$29.8M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$7.9M2022-04-06
    • First recorded raise — entered as Series A.
  2. Series B$15.8M2024-08-28
    • Raised again after 29 mo — slower than the ~13 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 17 investors on this round.
  3. Series B$6.8M2025-02-18
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 16 investors on this round.
  4. Series A$6.5M2025-02-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 15 investors on this round.
  5. Series B$9.4M2025-11-21
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 15 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~11mo cadence
$13.6M
Modeled next size est.range $9.4M$21.8M
1.4×
Last step-up
$11.0M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Howard Scott Silverman3 other2022-04
Registry & provenance

Ag QSR II LLC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1923694
SEC CIK
2022
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Ag QSR LLCRestaurantsSeries B$55.0M$94.3Mnetwork1 shared operator · same sector · same stage
Veggie Grill, Inc.RestaurantsSeries B$39.3M$31.4Msame sector · same stage
Guernsey Holdings Zrc Holdco, LlcRestaurantsSeries B$37.5M$10.1Msame sector · same stage
Lyfe Kitchen, Inc.RestaurantsSeries B$35.0M$47.1Msame sector · same stage
Pacific Catch, Inc.RestaurantsSeries B$46.9M$48.0Msame sector · same stage
Hawk Acquisitions Llc / FlRestaurantsSeries B$30.6M$22.4Msame sector · same stage
Matchbox Food Group, LLCRestaurantsSeries B$25.9M$31.4Msame sector · same stage
10 Point Capital WO II, LLCRestaurantsSeries B$16.4M$51.8Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Ag QSR LLCRestaurantsSeries B$94.3M98%
SQ1 Partners II, LLCRestaurantsSeries A$41.5M89%
Project Q Holdings, LLCRestaurantsPre-Seed$578K88%
Trg Ii, LlcRestaurantsSeed$12.0M87%
Pq2 LlcRestaurantsPre-Seed$874K87%
SQ1 Partners, LLCRestaurantsSeries A$15.7M86%
Tj2 Group, LlcRestaurantsSeed$6.5M86%
Farm Burger Holdings, LLCRestaurantsSeries A$22.7M85%
Frequently asked
How much funding has Ag QSR II LLC raised?
Ag QSR II LLC has raised approximately $40.0M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Ag QSR II LLC's estimated valuation?
Provath's modeled valuation for Ag QSR II LLC is approximately $29.8M (modeled range $19.8M–$40.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ag QSR II LLC at?
Ag QSR II LLC's latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Nov 21.
What does Ag QSR II LLC do and where is it based?
Ag QSR II LLC operates in the Restaurants sector, based in Omaha.
Explore related

See where Ag QSR II LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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