Black Buffalo

Chicago, IL · Founded 2015 · Privately Held (backing)

Producer of tobacco-made alternative products intended to deliver the same experience as traditional chewing tobacco products. Black Buffalo is based in Chicago, IL and was founded in 2015. Its last reported valuation was $130 million in May 2022. It has raised $51.3 million across 3 recorded rounds; the latest was a $9.5 million early-stage round in Aug 2025.

Last reported valuation
$130.0M
Oct 2026
Priced at
—
Total raised
$51.3M
Last round
Early Stage VC
Aug 2025
What is Black Buffalo worth?
$130.0Mlast reported valuation · Oct 2026

Black Buffalo's last reported valuation, May 2022. Nothing priced has surfaced since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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Black Buffalo funding history

3 rounds
DateRoundRaisedPost-money
Aug 2025Early Stage VC$9.5M▮
May 2022Early Stage VC$30.0M▮
Feb 2020Early Stage VC$8.0M▮
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Black Buffalo valuation

Black Buffalo's last reported valuation was $130 million in May 2022. No priced round, secondary trade or fund mark has surfaced since.

How much has Black Buffalo raised?

Black Buffalo has raised $51.3 million across 3 recorded rounds since 2020. The largest was a $9.5 million early-stage round in Aug 2025.

Black Buffalo has filed 11 Form Ds with the SEC since 2017, most recently in Sep 2025 ($9.5 million sold to 4 investors).

How Black Buffalo's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Black Buffalo, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by last reported valuation. Question about this number? Full methodology →

Frequently asked about Black Buffalo

What is Black Buffalo worth?
Black Buffalo is valued at $130.0M as of Oct 2026. Black Buffalo's last reported valuation, May 2022. Nothing priced has surfaced since.
How much has Black Buffalo raised?
Black Buffalo has raised $51.3M in total funding across 3 recorded rounds.
When did Black Buffalo last raise?
Black Buffalo last raised in Aug 2025 (Early Stage VC), raising $9.5M.