Diligence memo · auto-generated · as of July 2, 2026
Smashburger Master LLC
Smashburger Master LLC looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Smashburger Master LLC operates in Restaurants, based in DENVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Smashburger Master LLC has raised $79M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $48M on 2014-09-19.
Most recent recorded round closed around 2014-09-19.
Valuation (modeled)modeled
Provath models Smashburger Master LLC at approximately $156M (range $156M–$410M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.92× the median modeled value of Series C Restaurants companies in 2013–2015 (6 peers) — value vs value, same stage and era. Within the normal band (92% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 7 months.
Last raise 11.8 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 9.9× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 99% of Restaurants peers (2292 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Levy Epic Acquisition Co II, LLC, Fish Parent Holdings LLC, Fish Super Holdings LLC, Chop't Creative Salad Co LLC, KBP Investments, LLC.
Peoplefiled
11 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.