Companies · Agtech / Foodtech

New Frontier Foods Inc.

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

Diligence memoA one-page analyst read on New Frontier Foods Inc. — recommendation, valuation, rhythm, risks.
$27.7M
Total raised · real
6
Rounds
1.8×
Latest step-up
Top 9%
Sector rank · raised
Series B
Latest stage · inferred · Wed Feb 10 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

New Frontier Foods Inc. looks fair 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.

Fair
  • Modeled value is 0.79× the median modeled value of Series B Agtech / Foodtech companies in 2019–2021 (16 peers) — value vs value, same stage and era.
  • Within the normal band (79% of peer median) for its niche.
Dormant
  • Last raise 5.4 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal 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

New Frontier Foods Inc. is one of 481 Agtech / Foodtech companies tracked from BURLINGAME. By capital raised it ranks among the largest (ahead of 92% of sector peers), and among the largest 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
4
Investors (latest)
2021-02-10
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$50M$100M$150M$200MPre-Seed · 2013-01-24 Raised $280K (real) Modeled valuation $4.2M (est)Pre-Seed2013Seed · 2013-01-24 Raised $1.7M (real) Modeled valuation $20M (est)Seed2013Seed · 2013-12-12 Raised $100K (real) Modeled valuation $1.2M (est)Seed2013Seed · 2014-05-08 Raised $200K (real) Modeled valuation $2.4M (est)Seed2014Seed · 2014-08-12 Raised $1.1M (real) Modeled valuation $13M (est)Seed2014Series A · 2016-03-28 Raised $8.7M (real) Modeled valuation $86M (est)Series A2016Series B · 2021-02-10 Raised $16M (real) Modeled valuation $154M (est)Series B2021+$1.7M+$100K+$200K+$1.1M+$8.7M+$16MCumulative $28M

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
Pre-Seed$280K · 2013
Seed$1.7M · 2013
Seed extension$100K · 2013
Seed extension$200K · 2014
Seed extension$1.1M · 2014
Series A$8.7M · 2016
Series B$16.0M · 2021

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$153.6M
Base estimate est.
$37.5M
Conservative case
$525.7M
Upside case
$88.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the agriculture sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $4.2M · 2013-01-242013Seed · modeled $20.0M · 2013-01-24Seed · modeled $1.2M · 2013-12-12Seed · modeled $2.4M · 2014-05-08Seed · modeled $12.8M · 2014-08-12Series A · modeled $85.8M · 2016-03-28Series B · modeled $153.6M · 2021-02-102021
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.20×/yr
Annual markup
1.46×/yr upside case
5.4 yr
Elapsed time used
5.4 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$3.4M/yr
Capital velocity
13.4 yr
On record since
2013
First round
7
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) 8.2× above median
This company$27.7M
Sector median$3.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.8× of median
This company$16.0M
Sector median$19.4M
Modeled value — vs sector median (estimate, all stages) 13× above median
This company$153.6M
Sector median$12.2M

Raised more than 92% of sector peers (real $). Modeled value above 93% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #14 of 16.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Green Grass Foods Inc · Series B Raised $36.8M · modeled $362.2M (est)Real Good Food Co LLC · Series B Raised $35.0M · modeled $322.4M (est)Bellwether Coffee Co. · Series B Raised $85.8M · modeled $270.9M (est)Sprout Foods, Inc · Series B Raised $32.2M · modeled $269.4M (est)Gathered Foods Corp · Series B Raised $74.1M · modeled $259.0M (est)Plantible Foods Inc. · Series B Raised $27.3M · modeled $235.3M (est)HBS Research Farms, LLC · Series B Raised $21.3M · modeled $198.3M (est)Emerald Organic Products, Inc. · Series B Raised $20.0M · modeled $195.0M (est)Navarro Farms MO, LLC · Series B Raised $23.6M · modeled $194.2M (est)Tortuga Agricultural Technologies, Inc. · Series B Raised $27.6M · modeled $193.4M (est)Konscious Foods Inc. · Series B Raised $21.0M · modeled $188.2M (est)New Wave Foods, Inc. · Series B Raised $17.9M · modeled $180.4M (est)New Frontier Foods Inc. (this company) Raised $27.7M · modeled $153.6M (est)New Frontier Foods Inc.
CompanyStageRaised · realValue · estvs peer med.
Green Grass Foods IncSeries B$36.8M$362.2M1.86×
Real Good Food Co LLCSeries B$35.0M$322.4M1.66×
Bellwether Coffee Co.Series B$85.8M$270.9M1.39×
Sprout Foods, IncSeries B$32.2M$269.4M1.38×
Gathered Foods CorpSeries B$74.1M$259.0M1.33×
Plantible Foods Inc.Series B$27.3M$235.3M1.21×
HBS Research Farms, LLCSeries B$21.3M$198.3M1.02×
Emerald Organic Products, Inc.Series B$20.0M$195.0M1.00×
Navarro Farms MO, LLCSeries B$23.6M$194.2M1.00×
Tortuga Agricultural Technologies, Inc.Series B$27.6M$193.4M0.99×
Konscious Foods Inc.Series B$21.0M$188.2M0.97×
New Wave Foods, Inc.Series B$17.9M$180.4M0.93×
New Frontier Foods Inc. this companySeries B$27.7M$153.6M0.79×
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.
Pre-Seed$280K2013-01-24$1.6M$4.2M85%
Seed$1.7M2013-01-24$8.3M$20.0M85%
Seed$100K2013-12-12$500K$1.2M85%
Seed$200K2014-05-08$1.0M$2.4M85%
Seed$1.1M2014-08-12$5.3M$12.8M85%
Series A$8.7M2016-03-28$39.7M$85.8M85%
Series B$16.0M2021-02-10$88.7M$153.6M90%
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. Pre-Seed$280K2013-01-24
    • First recorded raise — entered as Pre-Seed.
    • 5 investors on this round.
  2. Seed$1.7M2013-01-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.9× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 36 investors on this round.
  3. Seed$100K2013-12-12
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 16.6× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  4. Seed$200K2014-05-08
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 1 investor on this round.
  5. Seed$1.1M2014-08-12
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 5.3× larger than the prior — scaling up.
    • 19 investors on this round.
  6. Series A$8.7M2016-03-28
    • Raised 20 mo later, in step with the ~14 mo sector norm.
    • Round 8.2× larger than the prior — scaling up.
    • 70 investors on this round.
  7. Series B$16.0M2021-02-10
    • Raised again after 58 mo — slower than the ~14 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 4 investors on this round.
Intelligence
2022 ~Q2
Modeled next raise · ~16mo cadence
$29.2M
Modeled next size est.range $18.9M$46.6M
1.8×
Last step-up
$3.4M/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
Michael Buckley4 other2013-12
Carl Lee2 other2021-02
Don Davidson1 other2021-02
Michael Shim1 other2013-01
Michael Uytengsu2014-08
Robert Mock2013-01
Robert Sharpe2014-05
Sarah Szczerbicki2016-03
Shin Rhee2013-01
Registry & provenance

New Frontier 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
1575775
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
Tortuga Agricultural Technologies, Inc.Agtech / FoodtechSeries B$27.6M$193.4Msame sector · same stage
Plantible Foods Inc.Agtech / FoodtechSeries B$27.3M$235.3Msame sector · same stage
Partake Foods, Inc.Agtech / FoodtechSeries B$28.3M$161.9Msame sector · same stage
MUSH Foods Inc.Agtech / FoodtechSeries B$27.2M$166.5Msame sector · same stage
Spyce Food Co.Agtech / FoodtechSeries B$24.9M$226.7Msame sector · same stage
Muse Organic, LLCAgtech / FoodtechSeries B$24.4M$6.5Msame sector · same stage
Sprout Foods, IncAgtech / FoodtechSeries B$32.2M$269.4Msame sector · same stage
Eclipse Foods CoAgtech / FoodtechSeries B$32.2M$251.9Msame 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
New Grounds Food, Inc.Agtech / FoodtechSeed$30.1M89%
New Frontier Bio, Inc.Biotech / PharmaSeries A$1.7M88%
New Wave Foods, Inc.Agtech / FoodtechSeries B$180.4M87%
Grand Prairie Foods IncAgtech / FoodtechSeries A$32.0M86%
Forward Food, Inc.Agtech / FoodtechSeed$3.1M86%
Foods United, Inc.Agtech / FoodtechSeries A$73.6M85%
Northwest Nutritional Foods LLCAgtech / FoodtechSeed$3.3M85%
Trinity Foods, Inc.Agtech / FoodtechSeed$12.3M85%
Frequently asked
How much funding has New Frontier Foods Inc. raised?
New Frontier Foods Inc. has raised approximately $27.7M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is New Frontier Foods Inc.'s estimated valuation?
Provath's modeled valuation for New Frontier Foods Inc. is approximately $153.6M (modeled range $37.5M–$525.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is New Frontier Foods Inc. at?
New Frontier Foods Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Feb 10.
What does New Frontier Foods Inc. do and where is it based?
New Frontier Foods Inc. operates in the Agtech / Foodtech sector, based in BURLINGAME.
Explore related

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