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Agrify

NASDAQ: RYM

Billerica, US · Founded 2016 · Nevada corporation · 2 known investors

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RYTHM, Inc. manufactures and sells hemp-derived THC beverages and edible products under brands including RYTHM, Señorita, incredibles, and Beboe through retail partners, online channels, and direct-to-consumer distribution, and generates licensing revenue by permitting other companies to produce and distribute products under its owned brand names.

Founders & leadership

RC
Raymond ChangExecutiveRaymond Chang is the founder of Agrify, which manufactures and sells cannabis-derived products through retail and direct-to-consumer channels. He previously founded GigaMedia, an Asian broadband internet company that went public on NASDAQ in 2000, and Luckypai, a Chinese television shopping platform that was acquired by Lotte Home Shopping in 2010 for $160 million; he also served as CEO of New Focus Auto from 2012-2013 and taught entrepreneurship at Yale School of Management and Babson College.
NK
Niv KrikovNamed on SEC filing
MS
Matthew S. KressyNamed on SEC filing
KVKrishnan Varier
Krishnan VarierNamed on SEC filingGeneral Partner at ARCADIAN Fund
TM
Thomas MassieNamed on SEC filing
RH
Robert HarrisonNamed on SEC filing
TM
Timothy MahoneyNamed on SEC filing
GH
Guichao HuaNamed on SEC filing
SW
Stuart WilcoxNamed on SEC filing
TO
Timothy OakesNamed on SEC filing

Investors · 2

ARCADIAN FundinferredBeverly Hills

How we know: board seat on SEC Form D · Not right? Tell us

Funding

SEC filings, press & company announcements

$118.3M disclosed across 9 of 11 rounds · 1900–2025

  • Undisclosed amountpublic stock offeringMar 2024
    Source ↗
▶$30MraisedJun 2025 · 3 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Krishnan VarierDirector
  • Benjamin KovlerExecutive Officer, Director
  • Sanjay ToliaDirector
  • Peter ShapiroDirector
  • Armon VakiliDirector
  • Max HoltzmanDirector
  • Brad AsherExecutive Officer
  • Timothy MahoneyDirector
Offering amount
$30M
Amount sold
$30M
First sale
May 2025
Incorporated
Corporation, Nevada
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$25.9MraisedDec 2024 · 4 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Benjamin KovlerExecutive Officer, Director
  • Max HoltzmanDirector
  • Timothy MahoneyDirector
  • Krishnan VarierDirector
  • Richard DrexlerDirector
  • Armon VakiliDirector
  • Brian TownsExecutive Officer
  • David KesslerExecutive Officer
Offering amount
$25.9M
Amount sold
$25.9M
First sale
Nov 2024
Incorporated
Corporation, Nevada
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$400KraisedSep 2024 · 1 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Raymond ChangExecutive Officer, Director
  • David KesslerExecutive Officer
  • Krishnan VarierDirector
  • Timothy MahoneyDirector
  • Brian TownsExecutive Officer
  • I-Tseng Jenny ChanDirector
  • Max HoltzmanDirector
Offering amount
$15M
Amount sold
$400K
Sales commissions
$20K
Placement agents
Alexander Capital, LP
First sale
Aug 2024
Incorporated
Corporation, Nevada
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$4MraisedFeb 2022 · 10 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Leonard SokolowDirector
  • Raymond ChangExecutive Officer, Director
  • Timothy R. OakesExecutive Officer
  • Krishnan VarierDirector
  • Timothy MahoneyDirector
  • Thomas MassieExecutive Officer, Director
  • Stuart WilcoxDirector
  • Guichao HuaDirector
Amount sold
$4M
First sale
Feb 2022
Incorporated
Corporation, Nevada
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$27.4MraisedFeb 2022 · 6 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Stuart WilcoxDirector
  • Timothy MahoneyDirector
  • Krishnan VarierDirector
  • Timothy R. OakesExecutive Officer
  • Thomas MassieExecutive Officer, Director
  • Leonard SokolowDirector
  • Raymond ChangExecutive Officer, Director
  • Guichao HuaDirector
Offering amount
$27.4M
Amount sold
$27.4M
Sales commissions
$1.5M
Placement agents
Craig-Hallum Capital Group LLC
First sale
Jan 2022
Incorporated
Corporation, Nevada
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.2MraisedJan 2022 · 7 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Krishnan VarierDirector
  • Timothy R. OakesExecutive Officer
  • Stuart WilcoxDirector
  • Raymond ChangExecutive Officer, Director
  • Guichao HuaDirector
  • Timothy MahoneyDirector
  • Thomas MassieExecutive Officer, Director
  • Leonard SokolowDirector
Amount sold
$2.2M
First sale
Dec 2021
Incorporated
Corporation, Nevada
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$17MraisedOct 2021 · 9 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Niv KrikovExecutive Officer
  • Matthew S. KressyDirector
  • Krishnan VarierDirector
  • Thomas MassieDirector
  • Robert HarrisonExecutive Officer
  • Timothy MahoneyDirector
  • Raymond ChangExecutive Officer, Director
  • Guichao HuaDirector
  • Stuart WilcoxDirector
  • Timothy OakesDirector
Offering amount
$26M
Amount sold
$17M
First sale
Oct 2021
Incorporated
Corporation, Nevada, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$7MraisedFeb 2020 · 11 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Nicholas CooperDirector
  • Mary Anne SquillaceExecutive Officer
  • Raymond ChangExecutive Officer, Director
  • Gary HuaDirector
  • Matt D. LiottaDirector
Offering amount
$7M
Amount sold
$7M
First sale
Jan 2020
Incorporated
Corporation, Nevada, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$259.5Mvaluation at IPOFeb 2021 · $13.50/share · 424B4
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Frequently asked questions

What does Agrify do?
RYTHM, Inc. manufactures and sells hemp-derived THC beverages and edible products under brands including RYTHM, Señorita, incredibles, and Beboe through retail partners, online channels, and direct-to-consumer distribution, and generates licensing revenue by permitting other companies to produce and distribute products under its owned brand names.
Who are Agrify's investors?
Agrify's investors include Prefix Capital, ARCADIAN Fund.
How much funding has Agrify raised?
Agrify has disclosed $118.3M raised across 9 of its 11 known rounds.
Where is Agrify headquartered?
Agrify is headquartered in Billerica, US.