Diligence memo · auto-generated · as of July 2, 2026
FLI Topco, LLC
FLI Topco, LLC looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
FLI Topco, LLC operates in Other, based in Menlo Park.
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
FLI Topco, LLC has raised $29M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $29M on 2021-03-31.
Most recent recorded round closed around 2021-03-31.
Valuation (modeled)modeled
Provath models FLI Topco, LLC at approximately $403M (range $73M–$1.3B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.35× the median modeled value of Series B Other companies in 2019–2021 (371 peers) — value vs value, same stage and era. Within the normal band (135% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 5.3 yr ago; this sector typically re-raises about every 11 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 89% of Other peers (25015 compared).
Modeled value ranks above 93% of those peers.
Closest niche peers: MStar Holding Corp, Chlorum Solutions Llc, IFS Management Holdco, LLC, Benefit Recovery Group, LLC, Shenandoah Growers, Inc..
Peoplefiled
2 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.