Companies · Restaurants

NOODLES & Co

Broomfield · Restaurants

Diligence memoA one-page analyst read on NOODLES & Co — recommendation, valuation, rhythm, risks.→
$20.4M
Total raised · real
1
Rounds
—
Latest step-up
Top 5%
Sector rank · raised
Series B
Latest stage · inferred · Mon Dec 27 2010 00:00:00 GMT+0000 (Coordinated Universal Time)

NOODLES & Co 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 restaurants 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 0.94× the median modeled value of Series B Restaurants companies in 2010–2012 (10 peers) — value vs value, same stage and era.
  • Within the normal band (94% of peer median) for its niche.
Dormant
  • Last raise 15.5 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.
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 Restaurants

NOODLES & Co is one of 2292 Restaurants companies tracked from Broomfield. By capital raised it ranks among the largest (ahead of 96% 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
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$100MSeries B · 2010-12-27 Raised $20M (real) Modeled valuation $64M (est)$20M$64MSeries B2010

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 B$20.4M · 2010

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$64.0M
Base estimate est.
$42.8M
Conservative case
$246.3M
Upside case
$113.1M
Modeled post-money

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

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
57%
Survival probability
38% low · 70% high
1.00×/yr
Annual markup
1.21×/yr upside case
6.0 yr
Elapsed time used
15.5 yr actual, capped for stale marks
restaurants
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
15.8 yr
On record since
2010
First round
1
Rounds on file
How it compares to the market

Benchmarked against 2292 companies in Restaurants. 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)▲ 23× above median
This company$20.4M
Sector median$900K
Latest round — vs other Series B rounds in sector (real $, this stage)▲ 1.0× above median
This company$20.4M
Sector median$19.9M
Modeled value — vs sector median (estimate, all stages)▲ 24× above median
This company$64.0M
Sector median$2.6M

Raised more than 96% of sector peers (real $). Modeled value above 97% 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 #6 of 10.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)F&C Restaurant Holding Co. · Series B Raised $40.0M · modeled $125.7M (est)Boudin Holdings, Inc. · Series B Raised $30.0M · modeled $94.3M (est)Neighborhood Restaurant Partners Florida, LP · Series B Raised $27.0M · modeled $84.9M (est)Islands Restaurants, L.P. · Series B Raised $26.3M · modeled $82.8M (est)GenerationE Holding Company, LLC · Series B Raised $22.9M · modeled $72.0M (est)Deli Management, Inc. · Series B Raised $19.3M · modeled $60.5M (est)Family Dog, LLC · Series B Raised $19.2M · modeled $60.3M (est)Not Your Average Joes Inc · Series B Raised $15.1M · modeled $47.4M (est)Granite City Food & Brewery Ltd · Series B Raised $28.4M · modeled $417K (est)NOODLES & Co (this company) Raised $20.4M · modeled $64.0M (est)NOODLES & Co
CompanyStageRaised · realValue · estvs peer med.
F&C Restaurant Holding Co.Series B$40.0M$125.7M1.85×
Boudin Holdings, Inc.Series B$30.0M$94.3M1.39×
Neighborhood Restaurant Partners Florida, LPSeries B$27.0M$84.9M1.25×
Islands Restaurants, L.P.Series B$26.3M$82.8M1.22×
GenerationE Holding Company, LLCSeries B$22.9M$72.0M1.06×
NOODLES & Co this companySeries B$20.4M$64.0M0.94×
Deli Management, Inc.Series B$19.3M$60.5M0.89×
Family Dog, LLCSeries B$19.2M$60.3M0.89×
Not Your Average Joes IncSeries B$15.1M$47.4M0.70×
Granite City Food & Brewery LtdSeries B$28.4M$417K0.01×
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 B$20.4M2010-12-27$113.1M$64.0M90%
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 B$20.4M2010-12-27
    • First recorded raise — entered as Series B.
Intelligence
—
Modeled next raise
$32.6M
Modeled next size est.range $21.2M–$52.1M
—
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
Andrew Taub—3 other2010-12
Kevin Reddy—1 other2010-12
PAUL STRASEN—1 other2010-12
Dan Fogarty——2010-12
Dawn Voss——2010-12
James Rand——2010-12
Jim Pittman——2010-12
J. Michael Chu——2010-12
Keith Kinsey——2010-12
Stuart Frenkiel——2010-12
Registry & provenance

NOODLES & Co 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
1275158
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
Brookline KKF Holding, LLCRestaurantsSeries B$20.2M$63.7Msame sector · same stage
Big Night Venues Boston Harbor Parent, LLCRestaurantsSeries B$20.0M$62.9Msame sector · same stage
Big Night Venues New England I, LLCRestaurantsSeries B$20.0M$63.5Msame sector · same stage
Chalak Growth Capital Fund II, LLCRestaurantsSeries B$20.0M$63.5Msame sector · same stage
McMenamins, Inc.RestaurantsSeries B$20.0M$62.9Msame sector · same stage
Pdq Carolina Real Estate Holdings, LlcRestaurantsSeries B$20.0M$63.5Msame sector · same stage
PDQ Florida-Georgia Restaurant Holdings, LLCRestaurantsSeries B$20.0M$63.5Msame sector · same stage
Pdq North Texas Real Estate Holdings, LlcRestaurantsSeries B$20.0M$63.5Msame sector · same stage
Frequently asked
How much funding has NOODLES & Co raised?
NOODLES & Co has raised approximately $20.4M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is NOODLES & Co's estimated valuation?
Provath's modeled valuation for NOODLES & Co is approximately $64.0M (modeled range $42.8M–$246.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is NOODLES & Co at?
NOODLES & Co's latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Dec 27.
What does NOODLES & Co do and where is it based?
NOODLES & Co operates in the Restaurants sector, based in Broomfield.
Explore related

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

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