Companies · Restaurants

Barfly Ventures, LLC

GRAND RAPIDS · Restaurants

Diligence memoA one-page analyst read on Barfly Ventures, LLC — recommendation, valuation, rhythm, risks.
$11.6M
Total raised · real
3
Rounds
1.2×
Latest step-up
Top 9%
Sector rank · raised
Series A
Latest stage · inferred · Fri Jan 25 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Barfly Ventures, LLC looks fair against its niche peers and is dormant 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.

Fair
  • Modeled value is 0.97× the median modeled value of Series A Restaurants companies in 2019–2021 (40 peers) — value vs value, same stage and era.
  • Within the normal band (97% of peer median) for its niche.
Dormant
  • Last raise 7.4 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.

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

Issuer-vehicle patternmedium confidence

Barfly Ventures, 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
12.5 yr record
Peak capital year was 2019 with $6.0M across 1 filings.
Market position
ahead of 92% of Restaurants peers
Capital scale is ahead of 92% of Restaurants peers; modeled value is above 91% 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
Consistent
Canonical totals and visible filing detail are broadly aligned.
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 2019: $6.0M across 1 filings.
  • Largest single filing was $6.0M on 2019-01-25.
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.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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

Barfly Ventures, LLC is one of 2292 Restaurants companies tracked from GRAND RAPIDS. By capital raised it ranks among the largest (ahead of 92% 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
1
Investors (latest)
2019-01-25
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$5.0M$10M$15M$20MPre-Seed · 2013-12-26 Raised $600K (real) Modeled valuation $2.6M (est)$600K$2.6MPre-Seed2013Pre-Seed · 2013-12-26 Raised $550K (real) Modeled valuation $2.4M (est)$550K$2.4MPre-Seed2013Series A · 2016-08-16 Raised $5.0M (real) Modeled valuation $14M (est)$5.0M$14MSeries A2016Series A · 2019-01-25 Raised $6.0M (real) Modeled valuation $17M (est)$6.0M$17MSeries A2019+$550K+$5.0M+$6.0MCumulative $12M

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
Pre-Seed$600K · 2013
Pre-Seed extension$550K · 2013
Series A$5.0M · 2016no Seed on file
Series A extension$6.0M · 2019

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$17.2M
Base estimate est.
$6.9M
Conservative case
$93.4M
Upside case
$27.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the restaurants sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $2.6M · 2013-12-262013Pre-Seed · modeled $2.4M · 2013-12-26Series A · modeled $14.3M · 2016-08-16Series A · modeled $17.2M · 2019-01-252019
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
46%
Survival probability
25% low · 63% high
1.05×/yr
Annual markup
1.33×/yr upside case
6.0 yr
Elapsed time used
7.4 yr actual, capped for stale marks
restaurants
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
20 mo
Avg between rounds
$2.3M/yr
Capital velocity
12.5 yr
On record since
2013
First round
4
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) 13× above median
This company$11.6M
Sector median$900K
Latest round — vs other Series A rounds in sector (real $, this stage) 1.0× above median
This company$6.0M
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 6.5× above median
This company$17.2M
Sector median$2.6M

Raised more than 92% of sector peers (real $). Modeled value above 91% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #22 of 40.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)SQ1 Partners II, LLC · Series A Raised $15.0M · modeled $41.5M (est)P. Terry's Partners, LLC · Series A Raised $14.4M · modeled $41.2M (est)SpotMap, Inc. · Series A Raised $15.0M · modeled $41.0M (est)PB Group Partners, LLC · Series A Raised $15.0M · modeled $40.6M (est)Bbq Holdings, Inc. · Series A Raised $13.0M · modeled $35.4M (est)Le Colonial Holdings LLC · Series A Raised $12.5M · modeled $34.0M (est)Tamarix Blocker PB 1, Inc. · Series A Raised $12.0M · modeled $32.5M (est)Real Transformation Cayman Ltd. · Series A Raised $11.2M · modeled $32.0M (est)Andvest Pizza, Llc · Series A Raised $10.2M · modeled $29.2M (est)Balance Grille Holdings, LLC · Series A Raised $10.0M · modeled $28.6M (est)Fan Tuan Holding Ltd. · Series A Raised $9.0M · modeled $25.8M (est)SSE Holdco, LLC · Series A Raised $8.7M · modeled $24.9M (est)Barfly Ventures, LLC (this company) Raised $11.6M · modeled $17.2M (est)Barfly Ventures, LLC
CompanyStageRaised · realValue · estvs peer med.
SQ1 Partners II, LLCSeries A$15.0M$41.5M2.35×
P. Terry's Partners, LLCSeries A$14.4M$41.2M2.34×
SpotMap, Inc.Series A$15.0M$41.0M2.32×
PB Group Partners, LLCSeries A$15.0M$40.6M2.30×
Bbq Holdings, Inc.Series A$13.0M$35.4M2.00×
Le Colonial Holdings LLCSeries A$12.5M$34.0M1.93×
Tamarix Blocker PB 1, Inc.Series A$12.0M$32.5M1.84×
Real Transformation Cayman Ltd.Series A$11.2M$32.0M1.81×
Andvest Pizza, LlcSeries A$10.2M$29.2M1.65×
Balance Grille Holdings, LLCSeries A$10.0M$28.6M1.62×
Fan Tuan Holding Ltd.Series A$9.0M$25.8M1.46×
SSE Holdco, LLCSeries A$8.7M$24.9M1.41×
Barfly Ventures, LLC this companySeries A$11.6M$17.2M0.97×
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.
Pre-Seed$600K2013-12-26$3.3M$2.6M85%
Pre-Seed$550K2013-12-26$3.1M$2.4M85%
Series A$5.0M2016-08-16$22.7M$14.3M85%
Series A$6.0M2019-01-25$27.3M$17.2M90%
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. Pre-Seed$600K2013-12-26
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Pre-Seed$550K2013-12-26
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 2 investors on this round.
  3. Series A$5.0M2016-08-16
    • Raised again after 32 mo — slower than the ~13 mo sector norm.
    • Round 9.1× larger than the prior — scaling up.
    • 5 investors on this round.
  4. Series A$6.0M2019-01-25
    • Raised again after 29 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
2020 ~Q4
Modeled next raise · ~20mo cadence
$7.2M
Modeled next size est.range $6.0M$11.5M
1.2×
Last step-up
$2.3M/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
Mark Sellers1 other2013-12
Mark A. Sellers, III2013-12
Registry & provenance

Barfly Ventures, 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
1596782
SEC CIK
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
ModMarket, LLCRestaurantsSeries A$11.7M$19.0Msame sector · same stage
Nice Day Group, Inc.RestaurantsSeries A$11.2M$27.8Msame sector · same stage
Ffg Global Holdings LlcRestaurantsSeries A$11.0M$22.9Msame sector · same stage
Cheval Brand Investors LLCRestaurantsSeries A$10.9M$26.0Msame sector · same stage
Birdcall Holdings LLCRestaurantsSeries A$12.4M$6.9Msame sector · same stage
Hrg Pitt LlcRestaurantsSeries A$12.9M$13.4Msame sector · same stage
10 Point Capital Mini, LLCRestaurantsSeries A$10.3M$25.7Msame sector · same stage
Bruxie, LLCRestaurantsSeries A$10.3M$25.8Msame 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
Barcade Holdings LLCRestaurantsSeed$2.6M88%
BarVolpe LLCRestaurantsPre-Seed$2.0M87%
Smash Ventures, LLCRestaurantsPre-Seed$3.9M86%
Bar K Holdings, LLCRestaurantsPre-Seed$2.2M86%
Flybird, LlcRestaurantsPre-Seed$1.3M86%
Mainstreet Ventures Restaurant Group, LLCRestaurantsSeries A$8.6M86%
Sonny Ventures, LLCRestaurantsPre-Seed$2.2M85%
Next Bite Ventures LLCRestaurantsSeed$6.3M85%
Frequently asked
How much funding has Barfly Ventures, LLC raised?
Barfly Ventures, LLC has raised approximately $11.6M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Barfly Ventures, LLC's estimated valuation?
Provath's modeled valuation for Barfly Ventures, LLC is approximately $17.2M (modeled range $6.9M–$93.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Barfly Ventures, LLC at?
Barfly Ventures, LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Jan 25.
What does Barfly Ventures, LLC do and where is it based?
Barfly Ventures, LLC operates in the Restaurants sector, based in GRAND RAPIDS.
Explore related

See where Barfly Ventures, 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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