Companies · Agtech / Foodtech

Hedgehog Foods, Inc.

SAN FRANCISCO · Agtech / Foodtech · refined from filed group “Other

Diligence memoA one-page analyst read on Hedgehog Foods, Inc. — recommendation, valuation, rhythm, risks.
$12.8M
Total raised · real
1
Rounds
Latest step-up
Top 19%
Sector rank · raised
Series A
Latest stage · inferred · Wed Jun 26 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Hedgehog Foods, Inc. looks over-valued against its niche peers and is quiet 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 1.69× the median modeled value of Series A Agtech / Foodtech companies in 2022–2024 (35 peers) — value vs value, same stage and era.
Quiet
  • Last raise 2.0 yr ago; this sector typically re-raises about every 14 months.
  • Slightly overdue versus sector 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 Agtech / Foodtech

Hedgehog Foods, Inc. is one of 481 Agtech / Foodtech companies tracked from SAN FRANCISCO. By capital raised it ranks in the upper tier (ahead of 82% 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
61
Investors (latest)
2022
Year incorporated
2024-06-26
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$50MSeries A · 2024-06-26 Raised $13M (real) Modeled valuation $49M (est)$13M$49MSeries A2024

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
Series A$12.8M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$48.5M
Base estimate est.
$16.4M
Conservative case
$105.3M
Upside case
$58.1M
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.

Not enough modeled valuation points to chart a trajectory.

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
2.0 yr
Elapsed time used
2.0 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
2.0 yr
On record since
2024
First round
1
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) 3.8× above median
This company$12.8M
Sector median$3.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.6× above median
This company$12.8M
Sector median$5.0M
Modeled value — vs sector median (estimate, all stages) 4.0× above median
This company$48.5M
Sector median$12.2M

Raised more than 82% of sector peers (real $). Modeled value above 83% 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 #7 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)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)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)Hedgehog Foods, Inc. (this company) Raised $12.8M · modeled $48.5M (est)Hedgehog 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. this companySeries 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.
Series A$12.8M2024-06-26$58.1M$48.5M90%
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. Series A$12.8M2024-06-26
    • First recorded raise — entered as Series A.
    • 61 investors on this round.
Intelligence
Modeled next raise
$20.4M
Modeled next size est.range $13.3M$32.7M
Last step-up
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
James Laurence Balsillie Jr.2024-06
Trey Laurence Ward2024-06
Wilson Laurence Ruotolo2024-06
Registry & provenance

Hedgehog 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
2035912
SEC CIK
2022
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
Coffee Meets Bagel, IncAgtech / FoodtechSeries A$12.9M$65.3Msame sector · same stage
Byte Foods, Inc.Agtech / FoodtechSeries A$12.6M$6.1Msame sector · same stage
Hyfe Foods, Inc.Agtech / FoodtechSeries A$13.0M$53.7Msame sector · same stage
Tomorrow Farms, PBCAgtech / FoodtechSeries A$13.0M$19.7Msame sector · same stage
Olyra Foods Inc.Agtech / FoodtechSeries A$12.5M$9.1Msame sector · same stage
Trifecta Nutrition, Inc.Agtech / FoodtechSeries A$12.3M$82.8Msame sector · same stage
Laoban Foods Inc.Agtech / FoodtechSeries A$12.1M$19.6Msame sector · same stage
Panaceutics Nutrition, Inc.Agtech / FoodtechSeries A$13.6M$5.9Msame 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
Beckon Foods, Inc.Agtech / FoodtechSeed$11.7M85%
Grand Prairie Foods IncAgtech / FoodtechSeries A$32.0M85%
RRF Foods Inc.Agtech / FoodtechSeries A$37.5M84%
Kernel Foods, Inc.Agtech / FoodtechSeries B$122.0M84%
New Frontier Foods Inc.Agtech / FoodtechSeries B$153.6M84%
Bright Foods, LLCAgtech / FoodtechSeed$27.4M84%
Green Grass Foods IncAgtech / FoodtechSeries B$362.2M84%
Greenberry Farms, LLCAgtech / FoodtechSeed$5.9M84%
Frequently asked
How much funding has Hedgehog Foods, Inc. raised?
Hedgehog Foods, Inc. has raised approximately $12.8M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Hedgehog Foods, Inc.'s estimated valuation?
Provath's modeled valuation for Hedgehog Foods, Inc. is approximately $48.5M (modeled range $16.4M–$105.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Hedgehog Foods, Inc. at?
Hedgehog Foods, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Jun 26.
What does Hedgehog Foods, Inc. do and where is it based?
Hedgehog Foods, Inc. operates in the Agtech / Foodtech sector, based in SAN FRANCISCO.
Explore related

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