Diligence memo · auto-generated · as of July 2, 2026
Local Bites Inc.
Local Bites Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Local Bites Inc. operates in Business Services, based in KENT.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Local Bites Inc. has raised $100K 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: $100K on 2025-04-17.
Most recent recorded round closed around 2025-04-17.
Valuation (modeled)modeled
Provath models Local Bites Inc. at approximately $306K (range $68K–$810K). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.29× the median modeled value of Pre-Seed Business Services companies in 2025–2027 (102 peers) — value vs value, same stage and era. Issuer reports $0–$1M revenue while modeled below niche peers.
Financing rhythm & timingmixed
Last raise 14 mo ago; this sector typically re-raises about every 12 months.
Raising on or ahead of the sector's normal rhythm.
Comparablesmixed
Capital scale ranks ahead of 22% of Business Services peers (2439 compared).
Modeled value ranks above 19% of those peers.
Closest niche peers: Agrowise, LLC, Arcasa Services LLC, Monarch Commerce, Inc., Htlc-7, Llc, Table Needs, Inc..
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.