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PORTER ROAD BY LOCAL EATERIES, INC. logo

PORTER ROAD BY LOCAL EATERIES, INC.

Operating

Local Eateries, Inc.

Food & Beverage · Nashville, TN · Founded 2017

Delivering life-changine meat

Post-money valuation ⓘ
$41.4M
As of Apr 2025 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$1,122,013
Across 1 round since 2024
Latest share price
$2.50
Reg CF · Common Stock · May 2024 offering price

Financials

FY2022–FY2023 · from SEC filings · hover any figure for its source
$14.6M
−$2.1M
2022
$12.7M
−$5.2M
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022 reviewed*
FY2023 reviewed*
Income statement
Revenue
$14,571,682
$12,661,938
Cost of goods sold
$11,328,707
$11,204,352
Gross margin
22%
12%
Net income
-$2,054,762
-$5,181,250
Taxes paid
$0
$0
Balance sheet
Cash
$1,227,761
$1,019,976
Accounts receivable
$126,829
$121,994
Total assets
$4,024,252
$2,532,803
Short-term debt
$0
$0
Long-term debt
$8,086,645
$11,491,554
Total liabilities
$8,086,645
$11,491,554
Other
Headcount
—
3

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$40.3M
pre-money
Reg CF · Common · May 2024

Blue bars are the pre-money valuation the company stated for a priced round.

Fundraising history

Raised $1.1M / $1.2MInvestors 780Post-money $41.4M

Team

11 people
Chris CarterFounder
Co-founder and CEO

Strategy, Finance, and Distribution. Experienced chef with culinary training from Le Cordon Bleu. Leads business development, planning, finance, and HR. Favorite cut: Ribeye Chris will be providing Form C sign-off as the Company's Principal Accounting Officer.

James PeiskerFounder
Co-founder and COO

Sourcing, Butchering, and Sustainability. Master Butcher and experienced chef with culinary training from the Culinary Institute of America. Leads farmer relationships, new product development, butcher training, and facility operations. Favorite cut: Too hard to choose

Ryan McIntyre
GM of Digital, Co-founder of PorterRoad.com

Revenue, E-commerce Operations, Marketing, and Unit Economics. 15 years building DTC brands, most recently as CMO and Head of Data for Thrillist and JackThreads. Favorite Cut: Denver Steak

Christopher Carter
CEO, signing off as Principal Accounting Officer
Kara Sharpe
Head of Marketing

Acquisition and Retention, Merchandising, and Partnerships. 11 years building DTC brands in Marketing, Partnerships, and Merchandising roles at consumer goods startups like Birchbox. Favorite cut: Inside Skirt

Nick Michel
VP of Operations

Production and Supply Chain. 20 years in the meat industry across livestock procurement, manufacturing, logistics, category management. Omnichannel background with Amazon, Wegmans, and Crowd Cow. Favorite cut: Hanger

Bill Rupp
Board Member

Industry veteran with nearly 40 years of experience, including 10 years as president of Cargill from 1998 to 2008 and 6 years as president of JBS Beef from 2010 to 2016. Favorite cut: Bavette

Randall Ussery
Board Member

Serial entrepreneur and founding partner of Everest Financial, a hybrid PE/VC firm. Board member, investor and active advisor to a portfolio of early and growth stage companies across industries.

Ryan Darnell
Board Member

Co-Founder and Managing Partner at Max Ventures. 10+ years in the NYC tech ecosystem as an active investor and company builder. 70+ seed investments across 3 funds. Co-founded 6 VC-backed companies through Max Ventures.

Show 2 more people
Joseph Darnell
Board Member
William Rupp
Board Member

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 0 of 2 annual reports (FY2024–FY2025)

Missing: 2024, 2025

780 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-UApr 18, 20250001665160-25-000716
    EDGAR
  • Form C/AFeb 26, 20250001665160-25-000321
    EDGAR
  • Form C/ADec 23, 20240001665160-24-001885
    EDGAR
  • Form C/AOct 21, 20240001665160-24-001427
    EDGAR
  • Form C/AAug 14, 20240001665160-24-001178
    EDGAR
  • Form C/AMay 22, 20240001665160-24-000902
    EDGAR
  • Form CMay 21, 20240001665160-24-000888
    EDGAR
Source: ManualCIK 0002022025DEShare price $2.50

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.