Diligence memo · auto-generated · as of July 2, 2026
Ripple Foods, Pbc
Ripple Foods, Pbc looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Ripple Foods, Pbc operates in Agtech / Foodtech, based in BERKELEY.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Ripple Foods, Pbc has raised $279M in disclosed capital across 8 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $61M on 2017-12-27.
Most recent recorded round closed around 2024-03-27.
Valuation (modeled)modeled
Provath models Ripple Foods, Pbc at approximately $72M (range $39M–$114M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.00× the median modeled value of Series C Agtech / Foodtech companies in 2022–2024 (5 peers) — value vs value, same stage and era. Within the normal band (100% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 13 months.
Last raise 2.3 yr ago; this sector typically re-raises about every 14 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 4.6× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 99% of Agtech / Foodtech peers (481 compared).
Modeled value ranks above 87% of those peers.
Closest niche peers: Once Upon a Farm, LLC, BPC Metro Coffee LLC, Atomo Coffee, Inc., MyForest Foods Co..
Peoplefiled
11 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.