Porter Road
About this raise: Porter Road, with a valuation of $40.32 million, is raising funds on StartEngine. It is a farm-to-fork operation specializing in US pasture-raised beef and forested pork. Porter Road has a proprietary supply chain and aims to revolutionize the sourcing, raising, and accessibility of sustainable meat across the country. The business has generated $58 million in lifetime sales and reported a 72% repeat customer rate from April 2023 to March 2024. Chris Carter, James Peisker, and Ryan McIntyre founded Porter Road in July 2017. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, inventory, company employment, and working capital.
Investment Overview
Committed : $1,207,339
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 05/22/2024
- Close Date
- 02/26/2025
$15,000
$1,235,000
$250
Equity - Common
Seed
RegCF
$2.50
$40,315,498
Company & Team
Company
- Year Founded
- 2017
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue -13.1% YoY
- $12,661,938
- Monthly Burn
- $236,000
-
Runway
- 3.2 months
- Gross Margin
- 12%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $4,726,700
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/26/2025 | StartEngine | $40,315,498 | $1,207,339 | Equity - Common | Active | RegCF |