Companies · Food & Beverage
SEATTLE · Food & Beverage · refined from filed group “Other”
Diligence memoA one-page analyst read on Theo Chocolate, Inc. — recommendation, valuation, rhythm, risks.→Theo Chocolate, Inc. looks fair against its niche peers and is quiet on financing cadence.
Synthesized from the figures below est. — every claim rests on a number shown on this page.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
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.
Theo Chocolate, Inc. is one of 567 Food & Beverage companies tracked from SEATTLE. By capital raised it ranks among the largest (ahead of 92% of sector peers), and in the upper tier 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.
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.
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.
Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.
Round size and date are reported; the stage label is inferred from round size (latest is Series A — a $4.0M–$15M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.
Benchmarked against 567 companies in Food & Beverage. 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.
Raised more than 92% of sector peers (real $). Modeled value above 89% of peers (estimate).
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 #5 of 19.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| VNGR Beverage, LLC | Series A | $27.4M | $104.8M | 3.13× |
| Old Bourbon County Distillery LLC | Series A | $10.4M | $54.1M | 1.61× |
| Arrow&Branch Winery, Llc | Series A | $7.8M | $49.6M | 1.48× |
| Roar Beverages, Inc. | Series A | $35.1M | $49.0M | 1.46× |
| Theo Chocolate, Inc. this company | Series A | $13.0M | $42.7M | 1.27× |
| Nosotros Life & Spirits, Inc. | Series A | $7.0M | $42.1M | 1.26× |
| Vide Beverages Inc. | Series A | $8.1M | $41.0M | 1.22× |
| Ohio River Beverages, LLC | Series A | $6.4M | $39.7M | 1.19× |
| Update Beverages Inc. | Series A | $8.0M | $34.5M | 1.03× |
| Fierce Whiskers Distillery, LLC | Series A | $5.7M | $33.5M | 1.00× |
| Chocolate Holdings, Inc. | Series A | $7.7M | $31.6M | 0.94× |
| Hawaiian Ola Brewing Corp | Series A | $9.0M | $31.2M | 0.93× |
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.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Pre-Seed | $500K | 2012-07-26 | $2.8M | $11.6M | 85% |
| Seed | $2.0M | 2018-09-07 | $10.1M | $37.6M | 90% |
| Seed | $1.8M | 2021-03-31 | $9.0M | $25.3M | 90% |
| Series A | $8.6M | 2024-03-22 | $39.2M | $42.7M | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
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.
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.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| John Morris | — | 8 other | 2012-07 |
| Peter Weiss | — | 8 other | 2018-09 |
| Mitchell Hymowitz | — | 3 other | 2018-09 |
| Andy Dale | — | 2 other | 2024-03 |
| Charles Porter | — | 2 other | 2018-09 |
| Grace Erickson | — | 1 other | 2024-03 |
| John Kretchmer | — | 1 other | 2021-03 |
| Andy McShea | — | — | 2012-07 |
| Charles Horne | — | — | 2012-07 |
| Debra Music | — | — | 2012-07 |
| Etienne Patout | — | — | 2018-09 |
| Joseph Whinney | — | — | 2012-07 |
Theo Chocolate, 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.
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.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Mindful Nourishment, LLC | Other | Series A | $6.8M | $3.8M | network3 shared operators · same stage |
| Basil Street Cafe, Inc. | Food & Beverage | Series A | $12.9M | $28.1M | same sector · same stage |
| Casa Del Sol Spirits Co. | Food & Beverage | Series A | $12.8M | $12.8M | same sector · same stage |
| Real McCoy Spirits, Corp. | Food & Beverage | Series A | $13.9M | $23.7M | same sector · same stage |
| Belle Isle Craft Spirits, Inc. | Food & Beverage | Series A | $11.4M | $5.4M | same sector · same stage |
| Pure Madness Brewery Group, LLC | Food & Beverage | Series A | $16.0M | $11.0M | same sector · same stage |
| Old Bourbon County Distillery LLC | Food & Beverage | Series A | $10.4M | $54.1M | same sector · same stage |
| Cambio Roasters, LLC | Food & Beverage | Series A | $16.2M | $30.2M | same sector · same stage |
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.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| TRU Chocolate Inc. | Food & Beverage | Pre-Seed | $20.8M | 83% |
| Chocolate Holdings, Inc. | Food & Beverage | Series A | $31.6M | 82% |
| Noteworthy Chocolates, LLC | Food & Beverage | Pre-Seed | $5.8M | 82% |
| Theonys, Inc. | Other | Seed | $24.3M | 81% |
| Theo, Inc. | Other Technology | Seed | $6.2M | 81% |
| Uncommon Cacao, Inc. | Other | Seed | $2.2M | 80% |
| Edible Armstrong, Inc. | Other | Pre-Seed | $14.9M | 79% |
| Pineapple, Inc. | Other | Pre-Seed | $2.9M | 78% |
See where Theo Chocolate, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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