Companies · Manufacturing

Tread & Butter, Inc.

BEND · Manufacturing

Diligence memoA one-page analyst read on Tread & Butter, Inc. — recommendation, valuation, rhythm, risks.→
$150K
Total raised · real
1
Rounds
—
Latest step-up
Top 94%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed Feb 05 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Tread & Butter, Inc. looks under-valued 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 manufacturing sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.46× the median modeled value of Pre-Seed Manufacturing companies in 2019–2021 (171 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.4 yr ago; this sector typically re-raises about every 12 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 Manufacturing

Tread & Butter, Inc. is one of 3257 Manufacturing companies tracked from BEND. By capital raised it ranks in the long tail (ahead of 7% of sector peers), and in the long tail 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
1
Investors (latest)
2017
Year incorporated
2020-02-05
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2020-02-05 Raised $150K (real) Modeled valuation $2.3M (est)$150K$2.3MPre-Seed2020

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$150K · 2020

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

Modeled valuation trajectory
$2.3M
Base estimate est.
$102K
Conservative case
$25.9M
Upside case
$833K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seed — a round under $1.0M). Valuation is modeled from stage benchmarks scaled by the manufacturing 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.
31%
Survival probability
12% low · 56% high
1.44×/yr
Annual markup
1.95×/yr upside case
6.0 yr
Elapsed time used
6.4 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
6.7 yr
On record since
2020
First round
1
Rounds on file
How it compares to the market

Benchmarked against 3257 companies in Manufacturing. 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)▼ 0.1× of median
This company$150K
Sector median$2.0M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage)▼ 0.4× of median
This company$150K
Sector median$350K
Modeled value — vs sector median (estimate, all stages)▼ 0.2× of median
This company$2.3M
Sector median$12.0M

Raised more than 7% of sector peers (real $). Modeled value above 16% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #135 of 171.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Surfx Technologies LLV · Pre-Seed Raised $1.0M · modeled $15.3M (est)Pioneer Botanicals, LLC · Pre-Seed Raised $1.0M · modeled $15.3M (est)Target Arm LLC · Pre-Seed Raised $1.0M · modeled $15.3M (est)OVCBC Enterprises Inc. · Pre-Seed Raised $1.0M · modeled $15.3M (est)Optical Structures Inc · Pre-Seed Raised $1.0M · modeled $15.3M (est)LPE Holdings LLC · Pre-Seed Raised $1.0M · modeled $15.3M (est)Thirty Eight Products Inc. · Pre-Seed Raised $999K · modeled $15.2M (est)Good Beverage LLC · Pre-Seed Raised $952K · modeled $14.5M (est)Banner Parent Holdings, Inc. · Pre-Seed Raised $910K · modeled $13.9M (est)Coopersville Brewing Company, LLC · Pre-Seed Raised $900K · modeled $13.7M (est)Rubbintec, Inc. · Pre-Seed Raised $975K · modeled $13.5M (est)Firebot Inc · Pre-Seed Raised $838K · modeled $12.8M (est)Tread & Butter, Inc. (this company) Raised $150K · modeled $2.3M (est)Tread & Butter, Inc.
CompanyStageRaised · realValue · estvs peer med.
Surfx Technologies LLVPre-Seed$1.0M$15.3M3.06×
Pioneer Botanicals, LLCPre-Seed$1.0M$15.3M3.06×
Target Arm LLCPre-Seed$1.0M$15.3M3.06×
OVCBC Enterprises Inc.Pre-Seed$1.0M$15.3M3.06×
Optical Structures IncPre-Seed$1.0M$15.3M3.06×
LPE Holdings LLCPre-Seed$1.0M$15.3M3.06×
Thirty Eight Products Inc.Pre-Seed$999K$15.2M3.06×
Good Beverage LLCPre-Seed$952K$14.5M2.92×
Banner Parent Holdings, Inc.Pre-Seed$910K$13.9M2.79×
Coopersville Brewing Company, LLCPre-Seed$900K$13.7M2.76×
Rubbintec, Inc.Pre-Seed$975K$13.5M2.71×
Firebot IncPre-Seed$838K$12.8M2.57×
Tread & Butter, Inc. this companyPre-Seed$150K$2.3M0.46×
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$150K2020-02-05$833K$2.3M90%
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$150K2020-02-05
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
Intelligence
—
Modeled next raise
$240K
Modeled next size est.range $156K–$384K
—
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
Jordan Matthew Hughes——2020-02
Registry & provenance

Tread & Butter, 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
1804008
SEC CIK
2017
Incorporated
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
4E FurnitureManufacturingPre-Seed$150K$2.3Msame sector · same stage
Alford & Hoff IncManufacturingPre-Seed$150K$2.3Msame sector · same stage
Benni CorpManufacturingPre-Seed$150K$2.3Msame sector · same stage
Bevel Craft Brewing, Inc.ManufacturingPre-Seed$150K$2.3Msame sector · same stage
BSafe Electrix Inc.ManufacturingPre-Seed$150K$2.3Msame sector · same stage
c2sensor CorpManufacturingPre-Seed$150K$2.3Msame sector · same stage
Canvas Asl, LlcManufacturingPre-Seed$150K$2.3Msame sector · same stage
Comfortable Waters, LLCManufacturingPre-Seed$150K$2.3Msame 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
Little Bean Butters, LLCManufacturingPre-Seed$10.7M83%
Craftforce Services, Inc.ManufacturingSeed$12.4M81%
Boldt Runners CorpManufacturingSeed$3.4M80%
Tucker Hill Cheese, Inc.ManufacturingPre-Seed$384K80%
S & P Ingredient Development, LLCManufacturingSeries B$43.3M80%
Maple Hill Creamery LLCManufacturingSeries B$170.0M80%
Leggett & Platt IncManufacturingSeries A$117.0M80%
AgCertain Industries, Inc.ManufacturingSeries A$87.9M80%
Frequently asked
How much funding has Tread & Butter, Inc. raised?
Tread & Butter, Inc. has raised approximately $150K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Tread & Butter, Inc.'s estimated valuation?
Provath's modeled valuation for Tread & Butter, Inc. is approximately $2.3M (modeled range $102K–$25.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tread & Butter, Inc. at?
Tread & Butter, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed Feb 05.
What does Tread & Butter, Inc. do and where is it based?
Tread & Butter, Inc. operates in the Manufacturing sector, based in BEND.
Explore related

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