Companies · Restaurants

Spice Kit, Inc.

SAN FRANCISCO · Restaurants

Diligence memoA one-page analyst read on Spice Kit, Inc. — recommendation, valuation, rhythm, risks.
$2.0M
Total raised · real
3
Rounds
0.7×
Latest step-up
Top 32%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed Apr 10 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

Spice Kit, Inc. looks over-valued 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.

Over-valued
  • Modeled value is 1.52× the median modeled value of Pre-Seed Restaurants companies in 2013–2015 (239 peers) — value vs value, same stage and era.
Dormant
  • Last raise 13.2 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
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

Spice Kit, Inc. is one of 2292 Restaurants companies tracked from SAN FRANCISCO. By capital raised it ranks mid-pack (ahead of 69% of sector peers), and mid-pack 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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2008-03-28 Raised $750K (real) Modeled valuation $3.3M (est)$750K$3.3MPre-Seed2008Pre-Seed · 2011-07-25 Raised $700K (real) Modeled valuation $3.1M (est)$700K$3.1MPre-Seed2011Pre-Seed · 2013-04-10 Raised $509K (real) Modeled valuation $2.2M (est)$509K$2.2MPre-Seed2013+$700K+$509KCumulative $2.0M

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$750K · 2008
Pre-Seed extension$700K · 2011
Pre-Seed extension$509K · 2013

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

Modeled valuation trajectory
$2.2M
Base estimate est.
$285K
Conservative case
$25.2M
Upside case
$2.8M
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.

Pre-Seed · modeled $3.3M · 2008-03-282008Pre-Seed · modeled $3.1M · 2011-07-25Pre-Seed · modeled $2.2M · 2013-04-102013
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
13.2 yr actual, capped for stale marks
restaurants
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
30 mo
Avg between rounds
$389K/yr
Capital velocity
18.3 yr
On record since
2008
First round
3
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) 2.2× above median
This company$2.0M
Sector median$900K
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.4× above median
This company$509K
Sector median$360K
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$2.2M
Sector median$2.6M

Raised more than 69% of sector peers (real $). Modeled value above 46% 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 #67 of 239.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)East Side R&B Investment LP · Pre-Seed Raised $1.0M · modeled $4.4M (est)Kikura & Co · Pre-Seed Raised $1.0M · modeled $4.4M (est)KitBar Enterprises, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Shag Minneapolis, Llc · Pre-Seed Raised $1.0M · modeled $4.4M (est)t-lish IV, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)t-lish V, LLC · 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)Golden Road Food Services, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Major Entertainment, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Cornbread Ventures, LP · Pre-Seed Raised $1.0M · modeled $4.4M (est)Grillmarx CB LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)CAP Restaurant Development LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Spice Kit, Inc. (this company) Raised $2.0M · modeled $2.2M (est)Spice Kit, Inc.
CompanyStageRaised · realValue · estvs peer med.
East Side R&B Investment LPPre-Seed$1.0M$4.4M2.98×
Kikura & CoPre-Seed$1.0M$4.4M2.98×
KitBar Enterprises, LLCPre-Seed$1.0M$4.4M2.98×
Shag Minneapolis, LlcPre-Seed$1.0M$4.4M2.98×
t-lish IV, LLCPre-Seed$1.0M$4.4M2.98×
t-lish V, LLCPre-Seed$1.0M$4.4M2.98×
American Opportunity Franchise Fund I, Limited PartnershipPre-Seed$1.0M$4.4M2.98×
Golden Road Food Services, LLCPre-Seed$1.0M$4.4M2.98×
Major Entertainment, LLCPre-Seed$1.0M$4.4M2.98×
Cornbread Ventures, LPPre-Seed$1.0M$4.4M2.98×
Grillmarx CB LLCPre-Seed$1.0M$4.4M2.98×
CAP Restaurant Development LLCPre-Seed$1.0M$4.4M2.98×
Spice Kit, Inc. this companyPre-Seed$2.0M$2.2M1.52×
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$750K2008-03-28$4.2M$3.3M90%
Pre-Seed$700K2011-07-25$3.9M$3.1M90%
Pre-Seed$509K2013-04-10$2.8M$2.2M90%
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$750K2008-03-28
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$700K2011-07-25
    • Raised again after 40 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
  3. Pre-Seed$509K2013-04-10
    • Raised again after 21 mo — slower than the ~13 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
Intelligence
2015 ~Q4
Modeled next raise · ~30mo cadence
$509K
Modeled next size est.range $509K$814K
0.7×
Last step-up
$389K/yr
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
Benjamin Ng2 other2013-04
Stephen Chau2013-04
Wilfred Pacio2008-03
Registry & provenance

Spice Kit, Inc. 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
1573158
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
Sugar Cone, LpRestaurantsPre-Seed$1.9M$2.2Msame sector · same stage
Untamed Sandwiches LLCRestaurantsPre-Seed$2.2M$2.6Msame sector · same stage
L'oca D'oro, LLCRestaurantsPre-Seed$1.7M$2.9Msame sector · same stage
Hopster's LLCRestaurantsPre-Seed$1.6M$2.4Msame sector · same stage
Bird Dog Pizza, LLCRestaurantsPre-Seed$1.5M$2.2Msame sector · same stage
Doc Burnstein's Ice Cream Lab, Inc.RestaurantsPre-Seed$1.5M$2.1Msame sector · same stage
Falafel, Inc.RestaurantsPre-Seed$1.4M$2.9Msame sector · same stage
Na Zdravi Ventures, a.s.RestaurantsPre-Seed$1.4M$1.7Msame sector · same stage
Frequently asked
How much funding has Spice Kit, Inc. raised?
Spice Kit, Inc. has raised approximately $2.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Spice Kit, Inc.'s estimated valuation?
Provath's modeled valuation for Spice Kit, Inc. is approximately $2.2M (modeled range $285K–$25.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spice Kit, Inc. at?
Spice Kit, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed Apr 10.
What does Spice Kit, Inc. do and where is it based?
Spice Kit, Inc. operates in the Restaurants sector, based in SAN FRANCISCO.
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