Diligence memo · auto-generated · as of July 2, 2026
Novel, LLC
Novel, LLC looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Novel, LLC operates in Retailing, based in MEMPHIS, MN, USA; New York, NY, USA; Austin, TX, USA; Remote. Novel is your international business bank account
Sub-sector tags: Fintech, SaaS.
Capital & rounds (filed)filed
Novel, LLC has raised $1.3M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.3M on 2017-05-04.
Most recent recorded round closed around 2017-05-04.
Valuation (modeled)modeled
Provath models Novel, LLC at approximately $7.9M (range $1.0M–$62M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.69× the median modeled value of Seed Retailing companies in 2016–2018 (115 peers) — value vs value, same stage and era. Within the normal band (69% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 9.2 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 45% of Retailing peers (2347 compared).
Modeled value ranks above 59% of those peers.
Closest niche peers: BeautyCon Media, Inc., Beaufort Buligo LP, Emagine Frankfort Llc, VJCS Holdings, Inc., Indie Lee & Co., Inc..
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.