Companies · Agtech / Foodtech

Territory Foods, Inc.

NEW YORK · Agtech / Foodtech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Territory Foods, Inc. — recommendation, valuation, rhythm, risks.
$57.4M
Total raised · real
9
Rounds
4.5×
Latest step-up
Top 5%
Sector rank · raised
Series A
Latest stage · inferred · Wed May 07 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Territory Foods, Inc. looks fair against its niche peers and is active 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 0.95× the median modeled value of Series A Agtech / Foodtech companies in 2025–2027 (12 peers) — value vs value, same stage and era.
  • Within the normal band (95% of peer median) for its niche.
Active
  • Last raise 14 mo ago; this sector typically re-raises about every 14 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Territory Foods, Inc. is one of 481 Agtech / Foodtech companies tracked from NEW YORK. By capital raised it ranks among the largest (ahead of 96% of sector peers), and mid-pack 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)
2025-05-07
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 · 2013-11-19 Raised $515K (real) Modeled valuation $7.7M (est)Pre-Seed2013Seed · 2015-03-17 Raised $3.9M (real) Modeled valuation $47M (est)Seed2015Series A · 2016-09-23 Raised $6.8M (real) Modeled valuation $66M (est)Series A2016Series A · 2016-09-23 Raised $11M (real) Modeled valuation $106M (est)Series A2016Series A · 2019-02-11 Raised $3.9M (real) Modeled valuation $39M (est)Series A2019Series A · 2019-10-15 Raised $7.6M (real) Modeled valuation $75M (est)Series A2019Series A · 2020-12-23 Raised $14M (real) Modeled valuation $123M (est)Series A2020Series A · 2023-09-18 Raised $11M (real) Modeled valuation $51M (est)Series A2023Series A · 2025-02-25 Raised $1.0M (real) Modeled valuation $3.2M (est)Series A2025Series A · 2025-05-07 Raised $4.5M (real) Modeled valuation $14M (est)Series A2025+$3.9M+$6.8M+$11M+$3.9M+$7.6M+$14M+$11M+$1.0M+$4.5MCumulative $64M

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$515K · 2013
Seed$3.9M · 2015
Series A$6.8M · 2016
Series A extension$10.8M · 2016
Series A extension$3.9M · 2019
Series A extension$7.6M · 2019
Series A extension$14.0M · 2020
Series A extension$11.2M · 2023
Series A extension$1.0M · 2025
Series A extension$4.5M · 2025

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

Modeled valuation trajectory
$13.9M
Base estimate est.
$5.8M
Conservative case
$24.8M
Upside case
$20.5M
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.

Pre-Seed · modeled $7.7M · 2013-11-192013Seed · modeled $46.6M · 2015-03-17Series A · modeled $66.4M · 2016-09-23Series A · modeled $105.6M · 2016-09-23Series A · modeled $38.6M · 2019-02-11Series A · modeled $75.0M · 2019-10-15Series A · modeled $122.6M · 2020-12-23Series A · modeled $51.2M · 2023-09-18Series A · modeled $3.2M · 2025-02-25Series A · modeled $13.9M · 2025-05-072025
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
1.1 yr
Elapsed time used
1.1 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$5.0M/yr
Capital velocity
12.6 yr
On record since
2013
First round
10
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) 17× above median
This company$57.4M
Sector median$3.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.9× of median
This company$4.5M
Sector median$5.0M
Modeled value — vs sector median (estimate, all stages) 1.1× above median
This company$13.9M
Sector median$12.2M

Raised more than 96% of sector peers (real $). Modeled value above 63% 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 12.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Gruns Nutrition, Inc. · Series A Raised $21.1M · modeled $31.8M (est)Above Food Ingredients Inc. · Series A Raised $9.0M · modeled $28.7M (est)Laoban Foods Inc. · Series A Raised $12.1M · modeled $19.6M (est)Barfresh Food Group Inc. · Series A Raised $52.4M · modeled $18.5M (est)4P Foods, Inc. PBC · Series A Raised $8.0M · modeled $17.2M (est)Dongfang Shangcai (Hong Kong) Agricultural Technology Ltd · Series A Raised $5.0M · modeled $15.5M (est)Shunwang International Institute of Medicine & Food Homology Research Ltd · Series A Raised $5.0M · modeled $13.6M (est)Jiangsu Huidian Food Co., Ltd · Series A Raised $5.0M · modeled $13.4M (est)Nectar Foods, Inc. · Series A Raised $21.3M · modeled $9.8M (est)Olyra Foods Inc. · Series A Raised $12.5M · modeled $9.1M (est)Baco Foods Ltd · Series A Raised $9.2M · modeled $3.1M (est)Territory Foods, Inc. (this company) Raised $57.4M · modeled $13.9M (est)Territory Foods, Inc.
CompanyStageRaised · realValue · estvs peer med.
Gruns Nutrition, Inc.Series A$21.1M$31.8M2.16×
Above Food Ingredients Inc.Series A$9.0M$28.7M1.95×
Laoban Foods Inc.Series A$12.1M$19.6M1.33×
Barfresh Food Group Inc.Series A$52.4M$18.5M1.26×
4P Foods, Inc. PBCSeries A$8.0M$17.2M1.17×
Dongfang Shangcai (Hong Kong) Agricultural Technology LtdSeries A$5.0M$15.5M1.05×
Territory Foods, Inc. this companySeries A$57.4M$13.9M0.95×
Shunwang International Institute of Medicine & Food Homology Research LtdSeries A$5.0M$13.6M0.92×
Jiangsu Huidian Food Co., LtdSeries A$5.0M$13.4M0.91×
Nectar Foods, Inc.Series A$21.3M$9.8M0.66×
Olyra Foods Inc.Series A$12.5M$9.1M0.62×
Baco Foods LtdSeries A$9.2M$3.1M0.21×
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$515K2013-11-19$2.9M$7.7M85%
Seed$3.9M2015-03-17$19.3M$46.6M85%
Series A$6.8M2016-09-23$30.7M$66.4M90%
Series A$10.8M2016-09-23$48.9M$105.6M90%
Series A$3.9M2019-02-11$17.9M$38.6M90%
Series A$7.6M2019-10-15$34.8M$75.0M90%
Series A$14.0M2020-12-23$63.6M$122.6M90%
Series A$11.2M2023-09-18$51.0M$51.2M90%
Series A$1.0M2025-02-25$4.5M$3.2M90%
Series A$4.5M2025-05-07$20.5M$13.9M90%
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$515K2013-11-19
    • First recorded raise — entered as Pre-Seed.
    • 10 investors on this round.
  2. Seed$3.9M2015-03-17
    • Raised 16 mo later, in step with the ~14 mo sector norm.
    • Round 7.5× larger than the prior — scaling up.
    • 37 investors on this round.
  3. Series A$6.8M2016-09-23
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 13 investors on this round.
  4. Series A$10.8M2016-09-23
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× larger than the prior — scaling up.
    • 20 investors on this round.
  5. Series A$3.9M2019-02-11
    • Raised again after 29 mo — slower than the ~14 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 31 investors on this round.
  6. Series A$7.6M2019-10-15
    • Came back fast: 8 mo vs the ~14 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 7 investors on this round.
  7. Series A$14.0M2020-12-23
    • Raised 14 mo later, in step with the ~14 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 16 investors on this round.
  8. Series A$11.2M2023-09-18
    • Raised again after 33 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 40 investors on this round.
  9. Series A$1.0M2025-02-25
    • Raised 17 mo later, in step with the ~14 mo sector norm.
    • Round 11.2× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  10. Series A$4.5M2025-05-07
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round 4.5× larger than the prior — scaling up.
    • 4 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~15mo cadence
$13.5M
Modeled next size est.range $8.8M$21.6M
4.5×
Last step-up
$5.0M/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
Rick Lewis9 other2019-10
Kara Nortman5 other2015-03
Brian Hopcraft4 other2019-10
Patrick Smith4 other2013-11
Ron Watson3 other2016-09
Ryan Wilson3 other2016-09
Robert Morton2 other2013-11
Brian Hopecraft1 other2016-09
Dan Ripma1 other2023-09
Michael Italiano1 other2025-05
Theodore Chandler1 other2019-02
Abby Coleman2019-02
Derek Mansfield2023-09
Ellis McCue2019-10
Jeffrey Kelley2013-11
Rob Wilder2016-09
Ted Chandler2016-09
Registry & provenance

Territory 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
1593389
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
Barfresh Food Group Inc.Agtech / FoodtechSeries A$52.4M$18.5Msame sector · same stage
Agrios Global Holdings Ltd.Agtech / FoodtechSeries A$21.9M$4.1Msame sector · same stage
Nectar Foods, Inc.Agtech / FoodtechSeries A$21.3M$9.8Msame sector · same stage
Gruns Nutrition, Inc.Agtech / FoodtechSeries A$21.1M$31.8Msame sector · same stage
Hawthorne Food CoAgtech / FoodtechSeries A$20.5M$5.5Msame sector · same stage
Prairie Farms Dairy IncAgtech / FoodtechSeries A$19.5M$8.2Msame sector · same stage
Agrivida IncAgtech / FoodtechSeries B$56.1M$42.2Msame sector
Fifty Foods Inc.Agtech / FoodtechSeries A$17.7M$10.2Msame 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
Voyage Foods Inc.Agtech / FoodtechSeries B$12.8M87%
MyForest Foods Co.Agtech / FoodtechSeries C$23.7M86%
Food Ready Inc.Agtech / FoodtechSeed$17.8M86%
Planet Based Foods, Inc.Agtech / FoodtechPre-Seed$3.2M85%
Better Foods Inc.Agtech / FoodtechSeed$6.1M85%
Galley Foods Inc.Agtech / FoodtechPre-Seed$14.0M85%
Ando Food, Inc.Agtech / FoodtechSeries A$102.4M85%
Agrisync, Inc.Agtech / FoodtechPre-Seed$7.3M84%
Frequently asked
How much funding has Territory Foods, Inc. raised?
Territory Foods, Inc. has raised approximately $57.4M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Territory Foods, Inc.'s estimated valuation?
Provath's modeled valuation for Territory Foods, Inc. is approximately $13.9M (modeled range $5.8M–$24.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Territory Foods, Inc. at?
Territory Foods, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed May 07.
What does Territory Foods, Inc. do and where is it based?
Territory Foods, Inc. operates in the Agtech / Foodtech sector, based in NEW YORK.
Explore related

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