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Venture Capital

BFG

BFG backs early-stage and high-growth companies, typically pre-profit, from United States. It states a focus on consumer & retail and food & beverage.

Disclosed holdings31
Earliest stated investment
HeadquartersUnited States
Largest single fundNot stated

Stated investment criteria

What BFG says it buys

Read from BFG’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Minimum revenue it states$1m1

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Nothing here is a commitment by BFG to consider any particular business, and nothing on this page is represented as being for sale.

Regulatory record

How BFG is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised3 · $239m gross
SEC adviser numberCRD 174360

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Portfolio

Disclosed holdings

Companies BFG lists on its own website. No investment years are published.

CompanyInvestedYears heldRecorded transaction
4th & Heart
Aisle
Athletic Greens
BOBO's
Bear Naked
Birch Benders
Bowlcut
Cartograph
Caulipower
Chameleon Cold-Brew
Curlsmith
EVOL
Foodbusinessnews
Graza
Green Spoon Sales
Herbivore
Ibotta
Jot
MALK
MUD WTR
Maev
Mid-Day Squares
OLIPOP
Oats Overnight
Parade
Quinn
Skratch Labs
Snif
Stay Ai
Vacation
ZitSticka

Compiled from BFG’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Consumer & Retail

What companies have actually sold for in consumer & retail, across 837 recorded transactions.

Median consideration$90m
Middle 50%$25m-$280m
Revenue multiple1.2×
EBITDA multiple8.05×

The full consumer & retail picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other venture capital investors active in consumer & retail.