About Pete's
Pete's is a company based in Carpinteria (United States) founded in 1970 was acquired by Local Bounti in March 2022.. Pete's has raised $22.28 million across 1 funding round from investors including Local Bounti. Pete's offers products and services including Living Greens, Salad Kits, Leafy Greens, and Herbs. Pete's operates in a competitive market with competitors including Revol Greens, Go Green Ag, Tanimura & Antle, Hardee Fresh and RE Botanicals, among others.
- Headquarter Carpinteria, United States
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22.28 M (USD)
in 1 rounds
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Latest Funding Round
$22.28 M (USD), Series B
Jan 06, 2016
- Investors
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Employee Count
Employee Count
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Acquired by
Local Bounti
(Mar 15, 2022)
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Products & Services of Pete's
Pete's offers a comprehensive portfolio of products and services, including Living Greens, Salad Kits, Leafy Greens, and Herbs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Indoor-grown greens for extended freshness and sustainable consumption
Convenient kits with fresh greens for easy, healthy meals
Nutrient-rich greens cultivated with minimal environmental impact
Aromatic herbs grown indoors for flavor and sustainability
Funding Insights of Pete's
Pete's has successfully raised a total of $22.28M through 1 strategic funding round. The most recent funding activity was a Series B round of $22.28 million completed in January 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $22.3M
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First Round
First Round
(06 Jan 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Series B - Pete's | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pete's
Pete's has secured backing from 1 investor. Prominent investors backing the company include Local Bounti. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Owns and operates agricultural farm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pete's
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Petes
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pete's Comparisons
Competitors of Pete's
Pete's operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Revol Greens, Go Green Ag, Tanimura & Antle, Hardee Fresh and RE Botanicals, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Lettuce and leafy greens are produced and supplied hydroponically.
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| domain | founded_year | HQ Location |
Hydroponic farm produce is supplied and cultivated commercially.
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| domain | founded_year | HQ Location |
Herbs and vegetables are produced and marketed.
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| domain | founded_year | HQ Location |
Producer of leafy greens and herbs using indoor organic vertical farms
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| domain | founded_year | HQ Location |
Hemp-based healthcare products including oils and tinctures are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pete's
Frequently Asked Questions about Pete's
When was Pete's founded?
Pete's was founded in 1970 and raised its 1st funding round 46 years after it was founded.
Where is Pete's located?
Pete's is headquartered in Carpinteria, United States. It is registered at Carpinteria, California, United States.
Is Pete's a funded company?
Pete's is a funded company, having raised a total of $22.28M across 1 funding round to date. The company's 1st funding round was a Series B of $22.28M, raised on Jan 06, 2016.
What does Pete's do?
Petes was founded in 1970 and is located in Carpinteria, United States. Operations focus on the production and supply of vegetables within the agriculture sector. An organic hydroponic farm is owned and operated for growing items such as lettuce, leaf lettuces, spring mixes, and kale. Products are marketed under the Petes Living brand. Customers across California are served through these activities.
Who are the top competitors of Pete's?
Pete's's top competitors include Go Green Ag, Tanimura & Antle and Hardee Fresh.
What products or services does Pete's offer?
Pete's offers Living Greens, Salad Kits, Leafy Greens, and Herbs.
Who are Pete's's investors?
Pete's has 1 investor. Key investors include Local Bounti.