Diligence memo · auto-generated · as of July 2, 2026
Pearl Inc.
Pearl Inc. has raised $91M over 2 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Pearl Inc. operates in Food & Beverage, based in West Hollywood, CA, USA. The future of office coffee. Keurig convenience meets cafe quality.
Sub-sector tags: Food Service Robots & Machines, Hardware, IoT, food-beverage.
Capital & rounds (filed)filed
Pearl Inc. has raised $91M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $80M on 2024-06-17.
Most recent recorded round closed around 2024-06-17.
Valuation (modeled)modeled
Provath models Pearl Inc. at approximately $626M (range $310M–$956M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 31 months.
Last raise 2.0 yr ago; this sector typically re-raises about every 15 months.
Slightly overdue versus sector cadence.
The last round stepped up 9.1× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 99% of Food & Beverage peers (567 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Athletic Brewing Holding Co LLC, PB Spirits OPCO, LLC.
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.