Diligence memo · auto-generated · as of July 2, 2026
Democracy, Inc.
Democracy, Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
Democracy, Inc. operates in Restaurants, based in BOSTON.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Democracy, Inc. has raised $390K 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: $390K on 2024-11-12.
Most recent recorded round closed around 2024-11-12.
Valuation (modeled)modeled
Provath models Democracy, Inc. at approximately $745K (range $218K–$2.2M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.84× the median modeled value of Pre-Seed Restaurants companies in 2022–2024 (144 peers) — value vs value, same stage and era. Within the normal band (84% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 20 mo ago; this sector typically re-raises about every 13 months.
Slightly overdue versus sector cadence.
Comparablesmixed
Capital scale ranks ahead of 27% of Restaurants peers (2292 compared).
Modeled value ranks above 17% of those peers.
Closest niche peers: Bottle Theory, Llc, Grog Shop Enterprises Llc, FC Development, Corp., T&S Coffee III, LLC, Heavenly Hops, LLC.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.