Companies · Restaurants

Clover Fast Food, Inc.

Cambridge · Restaurants

Diligence memoA one-page analyst read on Clover Fast Food, Inc. — recommendation, valuation, rhythm, risks.
$18.5M
Total raised · real
8
Rounds
0.7×
Latest step-up
Top 6%
Sector rank · raised
Series A
Latest stage · inferred · Fri Jul 27 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Clover Fast Food, Inc. looks under-valued 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.

Under-valued
  • Modeled value is 0.29× the median modeled value of Series A Restaurants companies in 2016–2018 (49 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.9 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
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

Clover Fast Food, Inc. is one of 2292 Restaurants companies tracked from Cambridge. By capital raised it ranks among the largest (ahead of 95% of sector peers), and mid-pack 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
5
Investors (latest)
2018-07-27
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$13M$25M$38M$50MSeed · 2010-12-27 Raised $2.0M (real) Modeled valuation $7.0M (est)Seed2010Seed · 2012-02-06 Raised $3.0M (real) Modeled valuation $11M (est)Seed2012Seed · 2013-11-04 Raised $965K (real) Modeled valuation $3.4M (est)Seed2013Seed · 2014-10-13 Raised $1.5M (real) Modeled valuation $5.4M (est)Seed2014Series A · 2014-10-13 Raised $5.3M (real) Modeled valuation $15M (est)Series A2014Series A · 2016-03-25 Raised $1.3M (real) Modeled valuation $3.6M (est)Series A2016Series A · 2016-12-29 Raised $2.0M (real) Modeled valuation $5.7M (est)Series A2016Series A · 2017-08-01 Raised $2.4M (real) Modeled valuation $6.8M (est)Series A2017Series A · 2018-07-27 Raised $1.6M (real) Modeled valuation $4.6M (est)Series A2018+$3.0M+$965K+$1.5M+$5.3M+$1.3M+$2.0M+$2.4M+$1.6MCumulative $20M

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
Seed$2.0M · 2010
Seed extension$3.0M · 2012
Seed extension$965K · 2013
Seed extension$1.5M · 2014
Series A$5.3M · 2014
Series A extension$1.3M · 2016
Series A extension$2.0M · 2016
Series A extension$2.4M · 2017
Series A extension$1.6M · 2018

Stages are modeled from round size (public records carry no series label). No record for: Pre-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
$4.6M
Base estimate est.
$1.8M
Conservative case
$24.9M
Upside case
$7.3M
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.

Seed · modeled $7.0M · 2010-12-272010Seed · modeled $10.6M · 2012-02-06Seed · modeled $3.4M · 2013-11-04Seed · modeled $5.4M · 2014-10-13Series A · modeled $15.3M · 2014-10-13Series A · modeled $3.6M · 2016-03-25Series A · modeled $5.7M · 2016-12-29Series A · modeled $6.8M · 2017-08-01Series A · modeled $4.6M · 2018-07-272018
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
7.9 yr actual, capped for stale marks
restaurants
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$2.4M/yr
Capital velocity
15.5 yr
On record since
2010
First round
9
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) 21× above median
This company$18.5M
Sector median$900K
Latest round — vs other Series A rounds in sector (real $, this stage) 0.3× of median
This company$1.6M
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 1.7× above median
This company$4.6M
Sector median$2.6M

Raised more than 95% of sector peers (real $). Modeled value above 69% 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 #43 of 49.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Flix Entertainment LLC · Series A Raised $13.3M · modeled $38.1M (est)LDR Holdings, LLC · Series A Raised $12.6M · modeled $36.2M (est)Elks Temple Properties LLC · Series A Raised $24.5M · modeled $35.8M (est)Fast Good LLC · Series A Raised $12.0M · modeled $34.4M (est)Crack Shack Enterprises, LLC · Series A Raised $12.0M · modeled $34.4M (est)Urth Expansion Holdings, LLC · Series A Raised $10.3M · modeled $29.2M (est)Next Level Pizza Inc · Series A Raised $26.2M · modeled $29.1M (est)T.Y.P. Restaurant Group, Inc. · Series A Raised $14.1M · modeled $28.6M (est)Eat & Eat California LLC · Series A Raised $9.0M · modeled $25.8M (est)Johnny Mo's LLC · Series A Raised $9.0M · modeled $25.8M (est)Sustainable Restaurant Holdings, Inc. · Series A Raised $9.3M · modeled $24.3M (est)Parson'S Lincoln Park, Llc · Series A Raised $8.0M · modeled $22.9M (est)Clover Fast Food, Inc. (this company) Raised $18.5M · modeled $4.6M (est)Clover Fast Food, Inc.
CompanyStageRaised · realValue · estvs peer med.
Flix Entertainment LLCSeries A$13.3M$38.1M2.42×
LDR Holdings, LLCSeries A$12.6M$36.2M2.30×
Elks Temple Properties LLCSeries A$24.5M$35.8M2.27×
Fast Good LLCSeries A$12.0M$34.4M2.19×
Crack Shack Enterprises, LLCSeries A$12.0M$34.4M2.18×
Urth Expansion Holdings, LLCSeries A$10.3M$29.2M1.85×
Next Level Pizza IncSeries A$26.2M$29.1M1.85×
T.Y.P. Restaurant Group, Inc.Series A$14.1M$28.6M1.82×
Eat & Eat California LLCSeries A$9.0M$25.8M1.64×
Johnny Mo's LLCSeries A$9.0M$25.8M1.64×
Sustainable Restaurant Holdings, Inc.Series A$9.3M$24.3M1.55×
Parson'S Lincoln Park, LlcSeries A$8.0M$22.9M1.45×
Clover Fast Food, Inc. this companySeries A$18.5M$4.6M0.29×
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.
Seed$2.0M2010-12-27$10.0M$7.0M85%
Seed$3.0M2012-02-06$15.1M$10.6M85%
Seed$965K2013-11-04$4.8M$3.4M85%
Seed$1.5M2014-10-13$7.7M$5.4M85%
Series A$5.3M2014-10-13$24.3M$15.3M85%
Series A$1.3M2016-03-25$5.7M$3.6M85%
Series A$2.0M2016-12-29$9.1M$5.7M90%
Series A$2.4M2017-08-01$10.7M$6.8M90%
Series A$1.6M2018-07-27$7.3M$4.6M90%
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. Seed$2.0M2010-12-27
    • First recorded raise — entered as Seed.
    • 11 investors on this round.
  2. Seed$3.0M2012-02-06
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 10 investors on this round.
  3. Seed$965K2013-11-04
    • Raised again after 21 mo — slower than the ~13 mo sector norm.
    • Round 3.1× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 6 investors on this round.
  4. Seed$1.5M2014-10-13
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 17 investors on this round.
  5. Series A$5.3M2014-10-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.5× larger than the prior — scaling up.
    • 23 investors on this round.
  6. Series A$1.3M2016-03-25
    • Raised 17 mo later, in step with the ~13 mo sector norm.
    • Round 4.2× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  7. Series A$2.0M2016-12-29
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 7 investors on this round.
  8. Series A$2.4M2017-08-01
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  9. Series A$1.6M2018-07-27
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 5 investors on this round.
Intelligence
2019 ~Q3
Modeled next raise · ~11mo cadence
$1.6M
Modeled next size est.range $1.6M$2.6M
0.7×
Last step-up
$2.4M/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
Michael Barry7 other2018-07
Jim Manzi5 other2016-12
John J. Lee2 other2014-10
James Manzi1 other2010-12
Ayr Muir2010-12
Blair Crawford2010-12
Ron Shaich2018-07
Registry & provenance

Clover Fast Food, Inc. 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
1443931
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
Meritage Hospitality Group IncRestaurantsSeries A$24.9M$4.9Msame sector · same stage
Honeygrow Restaurant Organization, LPRestaurantsSeries A$26.3M$5.7Msame sector · same stage
CargoMetrics Technologies LLCSoftware / TechSeries A$21.9M$277.4Mnetwork1 shared operator · same stage
Gadget Software, Inc.Software / TechSeries A$23.1M$188.1Mnetwork1 shared operator · same stage
Crave Delivery, Inc.RestaurantsSeries A$8.3M$3.9Msame sector · same stage
American Restaurants, LLCRestaurantsSeries A$8.2M$4.4Msame sector · same stage
Prime Social Naples, LLCRestaurantsSeries A$8.1M$4.2Msame sector · same stage
Aquis Inc.RetailingSeries A$11.6M$26.0Mnetwork1 shared operator · 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
Clutch Enterprises, Inc.RestaurantsSeed$7.5M86%
Boston Ramen Company, Inc.RestaurantsPre-Seed$825K85%
Krispy Kreme Holdings, Inc.RestaurantsSeries C$158.6M85%
Meta Burger, Inc.RestaurantsPre-Seed$409K85%
Farm Burger Holdings, LLCRestaurantsSeries A$22.7M85%
Kijung Hospitality Group, Inc.RestaurantsSeries A$11.5M85%
BurgerFi International, Inc.RestaurantsSeries C$268.8M84%
MOD Super Fast Pizza Holdings, LLCRestaurantsSeries B$99.6M84%
Frequently asked
How much funding has Clover Fast Food, Inc. raised?
Clover Fast Food, Inc. has raised approximately $18.5M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Clover Fast Food, Inc.'s estimated valuation?
Provath's modeled valuation for Clover Fast Food, Inc. is approximately $4.6M (modeled range $1.8M–$24.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Clover Fast Food, Inc. at?
Clover Fast Food, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Jul 27.
What does Clover Fast Food, Inc. do and where is it based?
Clover Fast Food, Inc. operates in the Restaurants sector, based in Cambridge.
Explore related

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