Companies · Restaurants

Side Channel, LLC

SEATTLE · Restaurants

Diligence memoA one-page analyst read on Side Channel, LLC — recommendation, valuation, rhythm, risks.
$400K
Total raised · real
1
Rounds
Latest step-up
Top 72%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Tue Sep 29 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

Side Channel, LLC looks fair 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.

Fair
  • Modeled value is 1.19× the median modeled value of Pre-Seed Restaurants companies in 2013–2015 (239 peers) — value vs value, same stage and era.
  • Within the normal band (119% of peer median) for its niche.
Dormant
  • Last raise 10.8 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.

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

Issuer-vehicle patternmedium confidence

Side Channel, 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
10.8 yr record
Peak capital year was 2015 with $400K across 1 filings.
Market position
ahead of 29% of Restaurants peers
Capital scale is ahead of 29% of Restaurants peers; modeled value is above 39% 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 2015: $400K across 1 filings.
  • Largest single filing was $400K on 2015-09-29.
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

Side Channel, LLC is one of 2292 Restaurants companies tracked from SEATTLE. By capital raised it ranks in the long tail (ahead of 29% of sector peers), and in the long tail 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
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$500K$1.0M$1.5M$2.0MPre-Seed · 2015-09-29 Raised $400K (real) Modeled valuation $1.7M (est)$400K$1.7MPre-Seed2015

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$400K · 2015

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

Modeled valuation trajectory
$1.7M
Base estimate est.
$224K
Conservative case
$19.8M
Upside case
$2.2M
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.

Not enough modeled valuation points to chart a trajectory.

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
6.0 yr
Elapsed time used
10.8 yr actual, capped for stale marks
restaurants
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
10.8 yr
On record since
2015
First round
1
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) 0.4× of median
This company$400K
Sector median$900K
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.1× above median
This company$400K
Sector median$360K
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$1.7M
Sector median$2.6M

Raised more than 29% of sector peers (real $). Modeled value above 39% 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 #103 of 239.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Golden Road Food Services, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Harlan Sono, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Kikura & Co · Pre-Seed Raised $1.0M · modeled $4.4M (est)American Opportunity Franchise Fund I, Limited Partnership · Pre-Seed Raised $1.0M · modeled $4.4M (est)CAP Restaurant Development LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)East Side R&B Investment LP · Pre-Seed Raised $1.0M · modeled $4.4M (est)Grillmarx CB LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Major Entertainment, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)t-lish V, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Cornbread Ventures, LP · Pre-Seed Raised $1.0M · modeled $4.4M (est)t-lish IV, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Shag Minneapolis, Llc · Pre-Seed Raised $1.0M · modeled $4.4M (est)Side Channel, LLC (this company) Raised $400K · modeled $1.7M (est)Side Channel, LLC
CompanyStageRaised · realValue · estvs peer med.
Golden Road Food Services, LLCPre-Seed$1.0M$4.4M2.98×
Harlan Sono, LLCPre-Seed$1.0M$4.4M2.98×
Kikura & CoPre-Seed$1.0M$4.4M2.98×
American Opportunity Franchise Fund I, Limited PartnershipPre-Seed$1.0M$4.4M2.98×
CAP Restaurant Development LLCPre-Seed$1.0M$4.4M2.98×
East Side R&B Investment LPPre-Seed$1.0M$4.4M2.98×
Grillmarx CB LLCPre-Seed$1.0M$4.4M2.98×
Major Entertainment, LLCPre-Seed$1.0M$4.4M2.98×
t-lish V, LLCPre-Seed$1.0M$4.4M2.98×
Cornbread Ventures, LPPre-Seed$1.0M$4.4M2.98×
t-lish IV, LLCPre-Seed$1.0M$4.4M2.98×
Shag Minneapolis, LlcPre-Seed$1.0M$4.4M2.98×
Side Channel, LLC this companyPre-Seed$400K$1.7M1.19×
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$400K2015-09-29$2.2M$1.7M90%
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$400K2015-09-29
    • First recorded raise — entered as Pre-Seed.
Intelligence
Modeled next raise
$640K
Modeled next size est.range $416K$1.0M
Last step-up
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
Eric Donnelly3 other2015-09
Christy Donnelly2015-09
Registry & provenance

Side Channel, 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
1655036
SEC CIK
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
Road To The Moon, LlcRestaurantsPre-Seed$150K$656Knetwork1 shared operator · same sector · same stage
Aguila & Sol, LLCRestaurantsPre-Seed$400K$1.7Msame sector · same stage
Brews 4100 LPRestaurantsPre-Seed$400K$1.7Msame sector · same stage
Campine Catering, LLCRestaurantsPre-Seed$400K$1.7Msame sector · same stage
Desert Rose of Mesa, Inc.RestaurantsPre-Seed$400K$1.7Msame sector · same stage
DJ Third Street, LLCRestaurantsPre-Seed$400K$1.7Msame sector · same stage
Extraordinary Ventures, LLCRestaurantsPre-Seed$400K$1.7Msame sector · same stage
Folks Gotta Eat, LLCRestaurantsPre-Seed$400K$1.7Msame sector · same stage
Frequently asked
How much funding has Side Channel, LLC raised?
Side Channel, LLC has raised approximately $400K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Side Channel, LLC's estimated valuation?
Provath's modeled valuation for Side Channel, LLC is approximately $1.7M (modeled range $224K–$19.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Side Channel, LLC at?
Side Channel, LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Tue Sep 29.
What does Side Channel, LLC do and where is it based?
Side Channel, LLC operates in the Restaurants sector, based in SEATTLE.
Explore related

See where Side Channel, LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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