Diligence memo · auto-generated · as of July 2, 2026
Spartan Stores Inc
Spartan Stores Inc looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Spartan Stores Inc operates in Retailing, based in Grand Rapids.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Spartan Stores Inc has raised $50M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $50M on 2012-12-04.
Most recent recorded round closed around 2012-12-04.
Valuation (modeled)modeled
Provath models Spartan Stores Inc at approximately $291M (range $174M–$767M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.66× the median modeled value of Series C Retailing companies in 2010–2012 (5 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 13.6 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.
Comparablesmixed
Capital scale ranks ahead of 94% of Retailing peers (2347 compared).
Modeled value ranks above 96% of those peers.
Closest niche peers: Comfort Holding, LLC, Zulily, Inc., Sprouts Farmers Markets Llc, PartsChannel Investors, Inc..
Peoplefiled
16 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.