Diligence memo · auto-generated · as of July 2, 2026
Royce Detroit, LLC
Royce Detroit, LLC looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Royce Detroit, LLC operates in Restaurants, based in DETROIT.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Royce Detroit, LLC has raised $340K in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $200K on 2018-06-10.
Most recent recorded round closed around 2019-08-15.
Valuation (modeled)modeled
Provath models Royce Detroit, LLC at approximately $612K (range $78K–$6.9M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.47× the median modeled value of Pre-Seed Restaurants companies in 2019–2021 (166 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 14 months.
Last raise 6.9 yr ago; this sector typically re-raises about every 13 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 24% of Restaurants peers (2292 compared).
Modeled value ranks above 12% of those peers.
Closest niche peers: Art Haus LLC, Ranch Hand LLC, Goseek Llc, LPVan, LLC, Biscayne Bay Brewing Company, LLC.
Peoplefiled
1 named person 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.