Diligence memo · auto-generated · as of July 2, 2026
Thelma's, L.L.C.
Thelma's, L.L.C. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Thelma's, L.L.C. operates in Manufacturing, based in Des Moines.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Thelma's, L.L.C. has raised $3.8M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.8M on 2022-03-29.
Most recent recorded round closed around 2022-03-29.
Valuation (modeled)modeled
Provath models Thelma's, L.L.C. at approximately $28M (range $3.5M–$136M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 3.26× the median modeled value of Seed Manufacturing companies in 2022–2024 (161 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 4.3 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 62% of Manufacturing peers (3257 compared).
Modeled value ranks above 70% of those peers.
Closest niche peers: Three Rivers Preferred Group LLC, Mills Products, LLC, Unity Laundry Systems Corp, Ohio Heat Holdings LLC, VMC Acquisition Co LLC.
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.