Diligence memo · auto-generated · as of July 2, 2026
Millennium Park Topco, LLC
Millennium Park Topco, LLC looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Millennium Park Topco, LLC operates in Other, based in SAN FRANCISCO. Topco Associates LLC Home Page
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
Capital & rounds (filed)filed
Millennium Park Topco, LLC has raised $604M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $347M on 2017-06-05.
Most recent recorded round closed around 2017-07-19.
Valuation (modeled)modeled
Provath models Millennium Park Topco, LLC at approximately $4.4B (range $1.5B–$9.7B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.04× the median modeled value of Series D+ Other companies in 2016–2018 (88 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 1 months.
Last raise 9.0 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.4× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 100% of Other peers (25015 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Beacon Roofing Supply Inc, BIB Merchant Voucher Receivables Ltd, Marlin9 Holdings, Inc., Crackle Holdings, L.P., Optimize Topco, Inc..
Peoplefiled
7 named people 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.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.