Companies · Restaurants

Pie Guys Restaurants, LLC

Greenville · Restaurants

Diligence memoA one-page analyst read on Pie Guys Restaurants, LLC — recommendation, valuation, rhythm, risks.
$1.8M
Total raised · real
3
Rounds
4.5×
Latest step-up
Top 34%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed Dec 30 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Pie Guys Restaurants, LLC looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the restaurants sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.73× the median modeled value of Pre-Seed Restaurants companies in 2019–2021 (166 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.5 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Pie Guys Restaurants, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
8.7 yr record
Peak capital year was 2020 with $899K across 1 filings.
Market position
ahead of 67% of Restaurants peers
Capital scale is ahead of 67% of Restaurants peers; modeled value is above 59% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2020: $899K across 1 filings.
  • Largest single filing was $899K on 2020-12-30.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Restaurants

Pie Guys Restaurants, LLC is one of 2292 Restaurants companies tracked from Greenville. By capital raised it ranks mid-pack (ahead of 67% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
5
Investors (latest)
2017
Year incorporated
2020-12-30
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3M$2.5M$3.8M$5.0MPre-Seed · 2017-10-09 Raised $700K (real) Modeled valuation $3.1M (est)$700K$3.1MPre-Seed2017Pre-Seed · 2019-06-25 Raised $200K (real) Modeled valuation $874K (est)$200K$874KPre-Seed2019Pre-Seed · 2020-12-30 Raised $899K (real) Modeled valuation $3.6M (est)$899K$3.6MPre-Seed2020+$200K+$899KCumulative $1.8M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$700K · 2017
Pre-Seed extension$200K · 2019
Pre-Seed extension$899K · 2020

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$3.6M
Base estimate est.
$503K
Conservative case
$34.9M
Upside case
$5.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the restaurants sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $3.1M · 2017-10-092017Pre-Seed · modeled $874K · 2019-06-25Pre-Seed · modeled $3.6M · 2020-12-302020
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
25%
Survival probability
10% low · 46% high
1.21×/yr
Annual markup
1.64×/yr upside case
5.5 yr
Elapsed time used
5.5 yr actual, capped for stale marks
restaurants
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$558K/yr
Capital velocity
8.7 yr
On record since
2017
First round
3
Rounds on file
How it compares to the market

Benchmarked against 2292 companies in Restaurants. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 2.0× above median
This company$1.8M
Sector median$900K
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 2.5× above median
This company$899K
Sector median$360K
Modeled value — vs sector median (estimate, all stages) 1.4× above median
This company$3.6M
Sector median$2.6M

Raised more than 67% of sector peers (real $). Modeled value above 59% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #16 of 166.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Art Haus LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Ranch Hand LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Goseek Llc · Pre-Seed Raised $1.0M · modeled $4.4M (est)LPVan, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Biscayne Bay Brewing Company, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Bowlounge Fw, Llc · Pre-Seed Raised $950K · modeled $4.2M (est)Fourfront, LLC · Pre-Seed Raised $945K · modeled $4.1M (est)Telluride Brewing Works, LLC · Pre-Seed Raised $1.0M · modeled $4.0M (est)Summit Coffee Holdings, LLC · Pre-Seed Raised $900K · modeled $3.9M (est)Thin to Win Entertainment, LLC · Pre-Seed Raised $900K · modeled $3.9M (est)Whgr2 Llc · Pre-Seed Raised $900K · modeled $3.9M (est)First Deli, LLC · Pre-Seed Raised $850K · modeled $3.7M (est)Pie Guys Restaurants, LLC (this company) Raised $1.8M · modeled $3.6M (est)Pie Guys Restaurants, LLC
CompanyStageRaised · realValue · estvs peer med.
Art Haus LLCPre-Seed$1.0M$4.4M3.33×
Ranch Hand LLCPre-Seed$1.0M$4.4M3.33×
Goseek LlcPre-Seed$1.0M$4.4M3.33×
LPVan, LLCPre-Seed$1.0M$4.4M3.33×
Biscayne Bay Brewing Company, LLCPre-Seed$1.0M$4.4M3.33×
Bowlounge Fw, LlcPre-Seed$950K$4.2M3.17×
Fourfront, LLCPre-Seed$945K$4.1M3.15×
Telluride Brewing Works, LLCPre-Seed$1.0M$4.0M3.05×
Summit Coffee Holdings, LLCPre-Seed$900K$3.9M3.00×
Thin to Win Entertainment, LLCPre-Seed$900K$3.9M3.00×
Whgr2 LlcPre-Seed$900K$3.9M3.00×
First Deli, LLCPre-Seed$850K$3.7M2.83×
Pie Guys Restaurants, LLC this companyPre-Seed$1.8M$3.6M2.73×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$700K2017-10-09$3.9M$3.1M90%
Pre-Seed$200K2019-06-25$1.1M$874K90%
Pre-Seed$899K2020-12-30$5.0M$3.6M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$700K2017-10-09
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Pre-Seed$200K2019-06-25
    • Raised again after 20 mo — slower than the ~13 mo sector norm.
    • Round 3.5× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  3. Pre-Seed$899K2020-12-30
    • Raised 18 mo later, in step with the ~13 mo sector norm.
    • Round 4.5× larger than the prior — scaling up.
    • 5 investors on this round.
Intelligence
2022 ~Q3
Modeled next raise · ~19mo cadence
$2.7M
Modeled next size est.range $1.8M$4.3M
4.5×
Last step-up
$558K/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Michael Kern1 other2017-10
Conrad Hurst, III2017-10
Registry & provenance

Pie Guys Restaurants, LLC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1718756
SEC CIK
2017
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Naugles Corp.RestaurantsPre-Seed$1.8M$3.7Msame sector · same stage
My Burger USA, Inc.RestaurantsPre-Seed$1.9M$3.5Msame sector · same stage
L'oca D'oro, LLCRestaurantsPre-Seed$1.7M$2.9Msame sector · same stage
Falafel, Inc.RestaurantsPre-Seed$1.4M$2.9Msame sector · same stage
Fate Restaurants, LLCRestaurantsPre-Seed$2.3M$3.9Msame sector · same stage
American Roadside Burgers, Inc.RestaurantsPre-Seed$1.3M$4.3Msame sector · same stage
408 W15 Members LLCRestaurantsPre-Seed$1.2M$2.9Msame sector · same stage
POLLYANNA BREWING CoRestaurantsPre-Seed$1.1M$2.7Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Pie4Lyfe, LLCRestaurantsSeed$2.4M90%
Gr8Ful Pie, LLCRestaurantsPre-Seed$437K89%
San Antonio Guys, LLCRestaurantsSeed$4.4M87%
Pies & Pints Carmel, LLCRestaurantsPre-Seed$3.1M85%
Boba Guys Inc.RestaurantsSeed$10.6M85%
Perfect Pi Partners I, LLCRestaurantsPre-Seed$2.2M85%
Spicy Pie, LLCRestaurantsPre-Seed$2.2M84%
Homage California, LlcRestaurantsPre-Seed$437K84%
Frequently asked
How much funding has Pie Guys Restaurants, LLC raised?
Pie Guys Restaurants, LLC has raised approximately $1.8M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Pie Guys Restaurants, LLC's estimated valuation?
Provath's modeled valuation for Pie Guys Restaurants, LLC is approximately $3.6M (modeled range $503K–$34.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Pie Guys Restaurants, LLC at?
Pie Guys Restaurants, LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed Dec 30.
What does Pie Guys Restaurants, LLC do and where is it based?
Pie Guys Restaurants, LLC operates in the Restaurants sector, based in Greenville.
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