Companies · Other

Vireo Growth Inc.

MINNEAPOLIS · Other

Diligence memoA one-page analyst read on Vireo Growth Inc. — recommendation, valuation, rhythm, risks.
$197.6M
Total raised · real
9
Rounds
0.0×
Latest step-up
Top 3%
Sector rank · raised
Series C
Latest stage · inferred · Tue Dec 30 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Vireo Growth Inc. looks under-valued 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.

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 0.04× the median modeled value of Series C Other companies in 2025–2027 (76 peers) — value vs value, same stage and era.
Active
  • Last raise 6 mo ago; this sector typically re-raises about every 11 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 Other

Vireo Growth Inc. is one of 25015 Other companies tracked from MINNEAPOLIS. By capital raised it ranks among the largest (ahead of 98% 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
9
Investors (latest)
2025-12-30
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$250M$500M$750M$1.0BSeries A · 2019-03-18 Raised $15M (real) Modeled valuation $226M (est)Series A2019Series A · 2019-03-18 Raised $15M (real) Modeled valuation $226M (est)Series A2019Series A · 2020-03-09 Raised $2.7M (real) Modeled valuation $40M (est)Series A2020Series A · 2023-04-28 Raised $10M (real) Modeled valuation $65M (est)Series A2023Series A · 2024-07-31 Raised $5.4M (real) Modeled valuation $24M (est)Series A2024Series A · 2024-11-01 Raised $10M (real) Modeled valuation $41M (est)Series A2024Series C · 2024-12-23 Raised $81M (real) Modeled valuation $570M (est)Series C2024Series C · 2025-07-07 Raised $10M (real) Modeled valuation $63M (est)Series C2025Series C · 2025-10-10 Raised $62M (real) Modeled valuation $372M (est)Series C2025Series C · 2025-12-30 Raised $1.7M (real) Modeled valuation $9.6M (est)Series C2025+$15M+$2.7M+$10M+$5.4M+$10M+$81M+$10M+$62M+$1.7MCumulative $213M

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
Series A$15.0M · 2019
Series A extension$15.0M · 2019
Series A extension$2.7M · 2020
Series A extension$10.0M · 2023
Series A extension$5.4M · 2024
Series A extension$10.0M · 2024
Series C$81.0M · 2024no Series B on file
Series C extension$10.0M · 2025
Series C extension$62.0M · 2025
Series C extension$1.7M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$9.6M
Base estimate est.
$6.5M
Conservative case
$11.9M
Upside case
$11.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series A · modeled $226.3M · 2019-03-182019Series A · modeled $226.3M · 2019-03-18Series A · modeled $40.3M · 2020-03-09Series A · modeled $64.9M · 2023-04-28Series A · modeled $24.0M · 2024-07-31Series A · modeled $41.2M · 2024-11-01Series C · modeled $569.8M · 2024-12-23Series C · modeled $63.3M · 2025-07-07Series C · modeled $372.4M · 2025-10-10Series C · modeled $9.6M · 2025-12-302025
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
78%
Survival probability
58% low · 90% high
1.22×/yr
Annual markup
1.40×/yr upside case
0.5 yr
Elapsed time used
0.5 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$29.1M/yr
Capital velocity
7.3 yr
On record since
2019
First round
10
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. 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) 97× above median
This company$197.6M
Sector median$2.0M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.0× of median
This company$1.7M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$9.6M
Sector median$17.7M

Raised more than 98% of sector peers (real $). Modeled value above 38% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #66 of 76.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Premium Packaged Products LLC · Series C Raised $96.5M · modeled $613.0M (est)Hoagie Investor Holdings, LLC · Series C Raised $95.4M · modeled $586.1M (est)Sunset At El Paso Llc · Series C Raised $98.1M · modeled $585.5M (est)Orion Street Capital LLC · Series C Raised $100.0M · modeled $583.6M (est)Mozella Capital Inc. · Series C Raised $100.0M · modeled $559.4M (est)SE-Las Colinas · Series C Raised $90.9M · modeled $549.1M (est)Sequoia Equities - Innsbrook Village Ltd · Series C Raised $181.8M · modeled $548.8M (est)Colorado Holdco · Series C Raised $88.1M · modeled $523.2M (est)Critical Infrastructure I DST · Series C Raised $91.9M · modeled $507.5M (est)Three Bridges Club LLC · Series C Raised $73.3M · modeled $488.0M (est)Stout Holdings Management Aggregator IV, L.P. · Series C Raised $76.2M · modeled $479.4M (est)CCRE Equity & Investment Office LLC · Series C Raised $75.0M · modeled $458.4M (est)Vireo Growth Inc. (this company) Raised $197.6M · modeled $9.6M (est)Vireo Growth Inc.
CompanyStageRaised · realValue · estvs peer med.
Premium Packaged Products LLCSeries C$96.5M$613.0M2.26×
Hoagie Investor Holdings, LLCSeries C$95.4M$586.1M2.16×
Sunset At El Paso LlcSeries C$98.1M$585.5M2.16×
Orion Street Capital LLCSeries C$100.0M$583.6M2.16×
Mozella Capital Inc.Series C$100.0M$559.4M2.07×
SE-Las ColinasSeries C$90.9M$549.1M2.03×
Sequoia Equities - Innsbrook Village LtdSeries C$181.8M$548.8M2.03×
Colorado HoldcoSeries C$88.1M$523.2M1.93×
Critical Infrastructure I DSTSeries C$91.9M$507.5M1.87×
Three Bridges Club LLCSeries C$73.3M$488.0M1.80×
Stout Holdings Management Aggregator IV, L.P.Series C$76.2M$479.4M1.77×
CCRE Equity & Investment Office LLCSeries C$75.0M$458.4M1.69×
Vireo Growth Inc. this companySeries C$197.6M$9.6M0.04×
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.
Series A$15.0M2019-03-18$68.0M$226.3M90%
Series A$15.0M2019-03-18$68.0M$226.3M90%
Series A$2.7M2020-03-09$12.1M$40.3M90%
Series A$10.0M2023-04-28$45.5M$64.9M90%
Series A$5.4M2024-07-31$24.5M$24.0M90%
Series A$10.0M2024-11-01$45.5M$41.2M90%
Series C$81.0M2024-12-23$539.7M$569.8M90%
Series C$10.0M2025-07-07$66.7M$63.3M90%
Series C$62.0M2025-10-10$413.3M$372.4M90%
Series C$1.7M2025-12-30$11.2M$9.6M90%
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. Series A$15.0M2019-03-18
    • First recorded raise — entered as Series A.
    • 68 investors on this round.
  2. Series A$15.0M2019-03-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 68 investors on this round.
  3. Series A$2.7M2020-03-09
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 5.6× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  4. Series A$10.0M2023-04-28
    • Raised again after 38 mo — slower than the ~11 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • 2 investors on this round.
  5. Series A$5.4M2024-07-31
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 14 investors on this round.
  6. Series A$10.0M2024-11-01
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 1 investor on this round.
  7. Series C$81.0M2024-12-23
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 8.1× larger than the prior — scaling up.
    • 41 investors on this round.
  8. Series C$10.0M2025-07-07
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 8.1× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  9. Series C$62.0M2025-10-10
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 6.2× larger than the prior — scaling up.
    • 22 investors on this round.
  10. Series C$1.7M2025-12-30
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 37.1× smaller than the prior — bridge or down round.
    • 9 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~9mo cadence
$1.7M
Modeled next size est.range $1.7M$2.7M
0.0×
Last step-up
$29.1M/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
Kyle Kingsley4 other2019-03
Amber Shimpa3 other2019-03
Bruce Linton3 other2020-03
John Mazarakis3 other2025-07
Aaron Hoffnung2 other2019-03
John Heller2 other2023-04
Joshua Rosen2 other2024-07
Ross Hussey2 other2024-07
Eric Greenbaum1 other2020-03
Josh Rosen1 other2023-04
Judd Nordquist1 other2019-03
Michael Schroeder1 other2019-03
Shaun Nugent1 other2020-03
Stephen Dahmer1 other2020-03
Ari Hoffnung2020-03
Chelsea Grayson2020-03
Jennifer Duey2020-03
John E. Mazarakis2024-12
Judd E. Nordquist2024-07
Patrick Peters2023-04
Tyson E. Macdonald2024-12
Victor E. Mancebo2024-07
Registry & provenance

Vireo Growth 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
1771706
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
Vireo Growth Inc.OtherSeed$1.1M$2.3Mnetwork4 shared operators · same sector
Vireo Health, Inc.PharmaceuticalsSeries B$16.1M$547.2Mnetwork5 shared operators
OSP Hamilton Holdings, LLCOtherSeries C$158.3M$9.8Msame sector · same stage
4Front Holdings LlcOtherSeries B$53.0M$86.8Mnetwork1 shared operator · same sector
Hockey Parent Holdings, L.P.OtherSeries C$390.8M$9.2Msame sector · same stage
Body & Mind Inc.OtherSeries A$27.9M$915Knetwork1 shared operator · same sector
Maitri Holdings, LLCOtherSeries B$23.8M$168.2Mnetwork1 shared operator · same sector
PIL Holdings, Inc.OtherSeries C$58.1M$9.8Msame 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
Vireo Finco (Canada) Inc.OtherSeries A$131.7M85%
Vireo Kintsu LLCOtherSeed$6.9M84%
VigZero Holdings, LLCOtherPre-Seed$4.8M82%
Vireo Health, Inc.PharmaceuticalsSeries B$547.2M81%
Viridi Parente Varia Ventures LlcOtherSeed$55.8M81%
RecRe, Inc.OtherPre-Seed$1.5M80%
GrowHealthy Holdings, LLCOtherSeries A$45.4M80%
Vika Holdings LLCOtherPre-Seed$11.6M80%
Frequently asked
How much funding has Vireo Growth Inc. raised?
Vireo Growth Inc. has raised approximately $197.6M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Vireo Growth Inc.'s estimated valuation?
Provath's modeled valuation for Vireo Growth Inc. is approximately $9.6M (modeled range $6.5M–$11.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Vireo Growth Inc. at?
Vireo Growth Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Tue Dec 30.
What does Vireo Growth Inc. do and where is it based?
Vireo Growth Inc. operates in the Other sector, based in MINNEAPOLIS.
Explore related

See where Vireo Growth Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Vireo Growth Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.