Companies · Agtech / Foodtech

En-R-G Foods, Llc

STEAMBOAT SPRINGS · Agtech / Foodtech · refined from filed group “Other

Diligence memoA one-page analyst read on En-R-G Foods, Llc — recommendation, valuation, rhythm, risks.
$21.0M
Total raised · real
5
Rounds
7.5×
Latest step-up
Top 13%
Sector rank · raised
Series A
Latest stage · inferred · Thu Jun 02 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

En-R-G Foods, Llc 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 agriculture 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 3.25× the median modeled value of Series A Agtech / Foodtech companies in 2022–2024 (35 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.1 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

En-R-G Foods, Llc behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
5.7 yr record
Peak capital year was 2022 with $15.0M across 1 filings.
Market position
ahead of 88% of Agtech / Foodtech peers
Capital scale is ahead of 88% of Agtech / Foodtech peers; modeled value is above 89% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2022: $15.0M across 1 filings.
  • Largest single filing was $15.0M on 2022-06-02.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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

En-R-G Foods, Llc is one of 481 Agtech / Foodtech companies tracked from STEAMBOAT SPRINGS. By capital raised it ranks in the upper tier (ahead of 88% of sector peers), and in the upper tier 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
9
Investors (latest)
2018
Year incorporated
2022-06-02
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$25M$50M$75M$100MSeed · 2020-10-15 Raised $2.0M (real) Modeled valuation $22M (est)$2.0M$22MSeed2020Seed · 2021-04-19 Raised $1.0M (real) Modeled valuation $9.4M (est)$1.0M$9.4MSeed2021Seed · 2021-05-22 Raised $1.0M (real) Modeled valuation $9.2M (est)$1.0M$9.2MSeed2021Seed · 2021-07-07 Raised $1.0M (real) Modeled valuation $8.8M (est)$1.0M$8.8MSeed2021Seed · 2021-10-08 Raised $2.0M (real) Modeled valuation $16M (est)$2.0M$16MSeed2021Series A · 2022-06-02 Raised $15M (real) Modeled valuation $93M (est)$15M$93MSeries A2022+$1.0M+$1.0M+$1.0M+$2.0M+$15MCumulative $22M

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$2.0M · 2020
Seed extension$1.0M · 2021
Seed extension$1.0M · 2021
Seed extension$1.0M · 2021
Seed extension$2.0M · 2021
Series A$15.0M · 2022

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
$93.2M
Base estimate est.
$19.2M
Conservative case
$325.8M
Upside case
$68.2M
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 $22.0M · 2020-10-152020Seed · modeled $9.4M · 2021-04-19Seed · modeled $9.2M · 2021-05-22Seed · modeled $8.8M · 2021-07-07Seed · modeled $16.3M · 2021-10-08Series A · modeled $93.2M · 2022-06-022022
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
4.1 yr
Elapsed time used
4.1 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$12.9M/yr
Capital velocity
5.7 yr
On record since
2020
First round
6
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) 6.2× above median
This company$21.0M
Sector median$3.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 3.0× above median
This company$15.0M
Sector median$5.0M
Modeled value — vs sector median (estimate, all stages) 7.6× above median
This company$93.2M
Sector median$12.2M

Raised more than 88% of sector peers (real $). Modeled value above 89% 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 #2 of 35.

This companyCohort peer
$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)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)En-R-G Foods, Llc (this company) Raised $21.0M · modeled $93.2M (est)En-R-G Foods, Llc
CompanyStageRaised · realValue · estvs peer med.
Change Foods, Inc.Series A$14.0M$93.6M3.26×
En-R-G Foods, Llc this companySeries 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×
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$2.0M2020-10-15$10.0M$22.0M90%
Seed$1.0M2021-04-19$5.0M$9.4M90%
Seed$1.0M2021-05-22$5.0M$9.2M90%
Seed$1.0M2021-07-07$5.0M$8.8M90%
Seed$2.0M2021-10-08$10.0M$16.3M90%
Series A$15.0M2022-06-02$68.2M$93.2M90%
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. Seed$2.0M2020-10-15
    • First recorded raise — entered as Seed.
    • 6 investors on this round.
  2. Seed$1.0M2021-04-19
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
  3. Seed$1.0M2021-05-22
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
  4. Seed$1.0M2021-07-07
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
  5. Seed$2.0M2021-10-08
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 6 investors on this round.
  6. Series A$15.0M2022-06-02
    • Came back fast: 8 mo vs the ~14 mo sector norm.
    • Round 7.5× larger than the prior — scaling up.
    • 9 investors on this round.
Intelligence
2022 ~Q3
Modeled next raise · ~4mo cadence
$45.0M
Modeled next size est.range $29.3M$72.0M
7.5×
Last step-up
$12.9M/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
Richard Thompson16 other2020-10
Keith Caldwell5 other2020-10
Bart Knaggs1 other2020-10
Melanie Strong1 other2022-06
Michael Keown2020-10
Michael Wege2020-10
Sarah Mallicote2020-10
William Gamber, III2020-10
Registry & provenance

En-R-G Foods, Llc 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
1828437
SEC CIK
2018
Incorporated
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
Pennpak Solutions Inc.ManufacturingSeries A$26.7M$7.9Mnetwork2 shared operators · same stage
Roar Beverages, Inc.Food & BeverageSeries A$35.1M$49.1Mnetwork2 shared operators · same stage
Mikey's LLCOtherSeries A$10.3M$28.2Mnetwork2 shared operators · same stage
Gruns Nutrition, Inc.Agtech / FoodtechSeries A$21.1M$31.8Msame sector · same stage
Nectar Foods, Inc.Agtech / FoodtechSeries A$21.3M$9.8Msame sector · same stage
Hawthorne Food CoAgtech / FoodtechSeries A$20.5M$5.5Msame sector · same stage
Agrios Global Holdings Ltd.Agtech / FoodtechSeries A$21.9M$4.1Msame sector · same stage
Hum Nutrition Inc.Agtech / FoodtechSeries A$22.2M$144.9Msame 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
GSG Agri Holdings LLCAgtech / FoodtechSeries C$555.9M88%
Square Foods, LLCAgtech / FoodtechSeed$8.5M87%
Green Grass Foods IncAgtech / FoodtechSeries B$362.2M86%
Monet Foods, LLCAgtech / FoodtechPre-Seed$1.5M85%
ArCal Foods, LLCAgtech / FoodtechPre-Seed$7.5M85%
Green Farms CO, LLCAgtech / FoodtechPre-Seed$7.3M84%
Tio Foods LlcAgtech / FoodtechSeed$6.0M84%
Quinn Foods LLCAgtech / FoodtechSeries A$77.4M84%
Frequently asked
How much funding has En-R-G Foods, Llc raised?
En-R-G Foods, Llc has raised approximately $21.0M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is En-R-G Foods, Llc's estimated valuation?
Provath's modeled valuation for En-R-G Foods, Llc is approximately $93.2M (modeled range $19.2M–$325.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is En-R-G Foods, Llc at?
En-R-G Foods, Llc's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Jun 02.
What does En-R-G Foods, Llc do and where is it based?
En-R-G Foods, Llc operates in the Agtech / Foodtech sector, based in STEAMBOAT SPRINGS.
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