Diligence memo · auto-generated · as of July 2, 2026
Top Hat Inc
Top Hat Inc looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Top Hat Inc operates in Retailing, based in SHAKOPEE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Top Hat Inc has raised $1.5M 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: $1.5M on 2009-10-27.
Most recent recorded round closed around 2009-10-27.
Valuation (modeled)modeled
Provath models Top Hat Inc at approximately $9.5M (range $1.2M–$74M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.85× the median modeled value of Seed Retailing companies in 2007–2009 (25 peers) — value vs value, same stage and era. Within the normal band (85% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 16.7 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 49% of Retailing peers (2347 compared).
Modeled value ranks above 63% of those peers.
Closest niche peers: Innoventions International, LLC, Moxsie Inc, Musicnotes, Inc., Harrow Sports Inc, OriginalSoupman, Inc..
Peoplefiled
7 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.