Companies · Agtech / Foodtech

Byte Foods, Inc.

Petaluma · Agtech / Foodtech · refined from filed group “Other

Diligence memoA one-page analyst read on Byte Foods, Inc. — recommendation, valuation, rhythm, risks.
$12.6M
Total raised · real
5
Rounds
0.3×
Latest step-up
Top 20%
Sector rank · raised
Series A
Latest stage · inferred · Wed Feb 15 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Byte Foods, Inc. looks under-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the agriculture sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.21× the median modeled value of Series A Agtech / Foodtech companies in 2022–2024 (35 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.4 yr ago; this sector typically re-raises about every 14 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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 Agtech / Foodtech

Byte Foods, Inc. is one of 481 Agtech / Foodtech companies tracked from Petaluma. By capital raised it ranks in the upper tier (ahead of 81% 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
Rule 506(b)
Reg D exemption
6
Investors (latest)
2023-02-15
First sale
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$13M$25M$38M$50MSeed · 2016-05-05 Raised $1.5M (real) Modeled valuation $18M (est)$1.5M$18MSeed2016Series A · 2016-10-06 Raised $4.0M (real) Modeled valuation $40M (est)$4.0M$40MSeries A2016Series A · 2017-04-25 Raised $1.9M (real) Modeled valuation $19M (est)$1.9M$19MSeries A2017Series A · 2018-09-14 Raised $3.9M (real) Modeled valuation $39M (est)$3.9M$39MSeries A2018Series A · 2023-02-15 Raised $1.2M (real) Modeled valuation $6.1M (est)$1.2M$6.1MSeries A2023+$4.0M+$1.9M+$3.9M+$1.2MCumulative $13M

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
Seed$1.5M · 2016
Series A$4.0M · 2016
Series A extension$1.9M · 2017
Series A extension$3.9M · 2018
Series A extension$1.2M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$6.1M
Base estimate est.
$1.5M
Conservative case
$18.2M
Upside case
$5.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the agriculture sector profile. Directional, not a quoted figure.

Seed · modeled $18.1M · 2016-05-052016Series A · modeled $39.7M · 2016-10-06Series A · modeled $19.1M · 2017-04-25Series A · modeled $38.5M · 2018-09-14Series A · modeled $6.1M · 2023-02-152023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.27×/yr
Annual markup
1.60×/yr upside case
3.4 yr
Elapsed time used
3.4 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
20 mo
Avg between rounds
$1.9M/yr
Capital velocity
10.2 yr
On record since
2016
First round
5
Rounds on file
How it compares to the market

Benchmarked against 481 companies in Agtech / Foodtech. 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) 3.7× above median
This company$12.6M
Sector median$3.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.2× of median
This company$1.2M
Sector median$5.0M
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$6.1M
Sector median$12.2M

Raised more than 81% 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 (Series A) 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 #31 of 35.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Change Foods, Inc. · Series A Raised $14.0M · modeled $93.6M (est)En-R-G Foods, Llc · Series A Raised $21.0M · modeled $93.2M (est)Farm Nashville, LLC · Series A Raised $15.0M · modeled $84.0M (est)RR Dairy LLC · Series A Raised $14.2M · modeled $78.6M (est)Gooder Foods, Inc. · Series A Raised $22.9M · modeled $64.9M (est)Hyfe Foods, Inc. · Series A Raised $13.0M · modeled $53.7M (est)Hedgehog Foods, Inc. · Series A Raised $12.8M · modeled $48.5M (est)Cella Farms Inc. · Series A Raised $8.0M · modeled $46.5M (est)AquaCultured Foods, Inc. · Series A Raised $7.7M · modeled $42.3M (est)Very Good Food Co Inc. · Series A Raised $6.5M · modeled $40.4M (est)Agronomed Capital LLC · Series A Raised $7.1M · modeled $39.4M (est)Verde Farms Holding, LLC · Series A Raised $10.0M · modeled $38.1M (est)Byte Foods, Inc. (this company) Raised $12.6M · modeled $6.1M (est)Byte Foods, Inc.
CompanyStageRaised · realValue · estvs peer med.
Change Foods, Inc.Series A$14.0M$93.6M3.26×
En-R-G Foods, LlcSeries A$21.0M$93.2M3.25×
Farm Nashville, LLCSeries A$15.0M$84.0M2.93×
RR Dairy LLCSeries A$14.2M$78.6M2.74×
Gooder Foods, Inc.Series A$22.9M$64.9M2.26×
Hyfe Foods, Inc.Series A$13.0M$53.7M1.87×
Hedgehog Foods, Inc.Series A$12.8M$48.5M1.69×
Cella Farms Inc.Series A$8.0M$46.5M1.62×
AquaCultured Foods, Inc.Series A$7.7M$42.3M1.47×
Very Good Food Co Inc.Series A$6.5M$40.4M1.41×
Agronomed Capital LLCSeries A$7.1M$39.4M1.37×
Verde Farms Holding, LLCSeries A$10.0M$38.1M1.33×
Byte Foods, Inc. this companySeries A$12.6M$6.1M0.21×
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.
Seed$1.5M2016-05-05$7.5M$18.1M85%
Series A$4.0M2016-10-06$18.4M$39.7M90%
Series A$1.9M2017-04-25$8.9M$19.1M90%
Series A$3.9M2018-09-14$17.8M$38.5M90%
Series A$1.2M2023-02-15$5.3M$6.1M90%
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. Seed$1.5M2016-05-05
    • First recorded raise — entered as Seed.
    • 30 investors on this round.
  2. Series A$4.0M2016-10-06
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round 2.7× larger than the prior — scaling up.
    • 3 investors on this round.
  3. Series A$1.9M2017-04-25
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  4. Series A$3.9M2018-09-14
    • Raised 17 mo later, in step with the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 4 investors on this round.
  5. Series A$1.2M2023-02-15
    • Raised again after 53 mo — slower than the ~14 mo sector norm.
    • Round 3.4× smaller than the prior — bridge or down round.
    • 6 investors on this round.
Intelligence
2024 ~Q4
Modeled next raise · ~20mo cadence
$1.2M
Modeled next size est.range $1.2M$1.9M
0.3×
Last step-up
$1.9M/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
Jason Stiles1 other2018-09
Jin Park1 other2016-10
Lee Mokri2016-05
Megan Mokri2016-05
Terence Thompson2023-02
Registry & provenance

Byte Foods, 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
1660235
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
Olyra Foods Inc.Agtech / FoodtechSeries A$12.5M$9.1Msame sector · same stage
Hedgehog Foods, Inc.Agtech / FoodtechSeries A$12.8M$48.5Msame sector · same stage
Tomorrow Farms, PBCAgtech / FoodtechSeries A$13.0M$19.7Msame sector · same stage
Laoban Foods Inc.Agtech / FoodtechSeries A$12.1M$19.6Msame sector · same stage
Mouth Foods, Inc.Agtech / FoodtechSeries A$11.8M$24.8Msame sector · same stage
Chamberlain Coffee Inc.Agtech / FoodtechSeries A$11.6M$19.3Msame sector · same stage
Panaceutics Nutrition, Inc.Agtech / FoodtechSeries A$13.6M$5.9Msame sector · same stage
Voga Coffee, Inc.Agtech / FoodtechSeries A$10.9M$23.0Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Monet Foods, LLCAgtech / FoodtechPre-Seed$1.5M87%
Lyrical Foods, Inc.Agtech / FoodtechSeries B$107.7M84%
Pod Foods Co.Agtech / FoodtechSeries A$41.6M84%
Bright Foods, LLCAgtech / FoodtechSeed$27.4M84%
Core Nutrition, LLCAgtech / FoodtechSeries B$416.9M84%
Tio Foods LlcAgtech / FoodtechSeed$6.0M84%
Dimi Foods, Inc.Agtech / FoodtechPre-Seed$5.5M84%
Zoni Foods, Inc.Agtech / FoodtechPre-Seed$536K84%
Frequently asked
How much funding has Byte Foods, Inc. raised?
Byte Foods, Inc. has raised approximately $12.6M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Byte Foods, Inc.'s estimated valuation?
Provath's modeled valuation for Byte Foods, Inc. is approximately $6.1M (modeled range $1.5M–$18.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Byte Foods, Inc. at?
Byte Foods, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Feb 15.
What does Byte Foods, Inc. do and where is it based?
Byte Foods, Inc. operates in the Agtech / Foodtech sector, based in Petaluma.
Explore related

See where Byte Foods, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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