Diligence memo · auto-generated · as of July 2, 2026
ICOB Burlington, LLC
ICOB Burlington, LLC looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
ICOB Burlington, LLC operates in Restaurants, based in BOSTON.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
ICOB Burlington, LLC has raised $700K 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: $700K on 2016-03-17.
Most recent recorded round closed around 2016-03-17.
Valuation (modeled)modeled
Provath models ICOB Burlington, LLC at approximately $3.1M (range $392K–$35M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.07× the median modeled value of Pre-Seed Restaurants companies in 2016–2018 (288 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 10.3 yr ago; this sector typically re-raises about every 13 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 44% of Restaurants peers (2292 compared).
Modeled value ranks above 55% of those peers.
Closest niche peers: Tortilleria Garcia, Inc., Realness, Llc, The, Be Glad, LP, Tremilo LLC, Souvla Divisadero, LLC.
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.