Diligence memo · auto-generated · as of July 2, 2026
Relay Ridge Capital LLC
Relay Ridge Capital LLC looks over-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Relay Ridge Capital LLC operates in Business Services, based in PROVO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Relay Ridge Capital LLC has raised $45M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $40M on 2024-10-07.
Most recent recorded round closed around 2024-10-07.
Valuation (modeled)modeled
Provath models Relay Ridge Capital LLC at approximately $256M (range $101M–$435M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.53× the median modeled value of Series B Business Services companies in 2022–2024 (27 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 4 months.
Last raise 21 mo ago; this sector typically re-raises about every 12 months.
Slightly overdue versus sector cadence.
The last round stepped up 1.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 94% of Business Services peers (2439 compared).
Modeled value ranks above 93% of those peers.
Closest niche peers: Socially Determined, Inc., SWISS GROUP FINANCE Corp, Truora Inc., C3 Capital, Inc., StayNTouch, Inc..
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.