Companies · Agriculture

Africa Eats SPC

BAINBRIDGE ISLAND · Agriculture

Diligence memoA one-page analyst read on Africa Eats SPC — recommendation, valuation, rhythm, risks.
$400K
Total raised · real
1
Rounds
Latest step-up
Top 84%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Mon Oct 03 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Africa Eats SPC looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the agriculture sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.29× the median modeled value of Pre-Seed Agriculture companies in 2022–2024 (67 peers) — value vs value, same stage and era.
  • Within the normal band (129% of peer median) for its niche.
Dormant
  • Last raise 3.7 yr ago; this sector typically re-raises about every 11 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Agriculture

Africa Eats SPC is one of 1055 Agriculture companies tracked from BAINBRIDGE ISLAND. By capital raised it ranks in the long tail (ahead of 17% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2021
Year incorporated
2022-10-03
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3M$2.5M$3.8M$5.0MPre-Seed · 2022-10-03 Raised $400K (real) Modeled valuation $2.4M (est)$400K$2.4MPre-Seed2022

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$400K · 2022

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$2.4M
Base estimate est.
$253K
Conservative case
$13.7M
Upside case
$2.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the agriculture sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.43×/yr
Annual markup
1.93×/yr upside case
3.7 yr
Elapsed time used
3.7 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
3.7 yr
On record since
2022
First round
1
Rounds on file
How it compares to the market

Benchmarked against 1055 companies in Agriculture. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.2× of median
This company$400K
Sector median$2.2M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.1× above median
This company$400K
Sector median$374K
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$2.4M
Sector median$11.9M

Raised more than 17% of sector peers (real $). Modeled value above 18% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #24 of 67.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Vertical Malt, Inc. · Pre-Seed Raised $1.0M · modeled $7.3M (est)Wellfish Diagnostics Ltd · Pre-Seed Raised $736K · modeled $5.6M (est)Pacific Hybreed, Inc. · Pre-Seed Raised $2.1M · modeled $5.2M (est)Grapeman Farm Holdings, LLC · Pre-Seed Raised $1.0M · modeled $5.2M (est)Belstra Group Farms, LLC · Pre-Seed Raised $769K · modeled $5.2M (est)Canopii Inc. · Pre-Seed Raised $742K · modeled $5.1M (est)X-C, Llc · Pre-Seed Raised $799K · modeled $5.1M (est)Lepidext, Inc. · Pre-Seed Raised $1.2M · modeled $5.1M (est)Greencare Collective LLC · Pre-Seed Raised $650K · modeled $4.8M (est)Cipresso International, Inc. · Pre-Seed Raised $905K · modeled $4.7M (est)Greenfield Bamboo Investments Llc · Pre-Seed Raised $1.0M · modeled $4.2M (est)XYZ CBD Group, Inc · Pre-Seed Raised $1.6M · modeled $4.0M (est)Africa Eats SPC (this company) Raised $400K · modeled $2.4M (est)Africa Eats SPC
CompanyStageRaised · realValue · estvs peer med.
Vertical Malt, Inc.Pre-Seed$1.0M$7.3M3.93×
Wellfish Diagnostics LtdPre-Seed$736K$5.6M3.03×
Pacific Hybreed, Inc.Pre-Seed$2.1M$5.2M2.81×
Grapeman Farm Holdings, LLCPre-Seed$1.0M$5.2M2.78×
Belstra Group Farms, LLCPre-Seed$769K$5.2M2.78×
Canopii Inc.Pre-Seed$742K$5.1M2.76×
X-C, LlcPre-Seed$799K$5.1M2.74×
Lepidext, Inc.Pre-Seed$1.2M$5.1M2.73×
Greencare Collective LLCPre-Seed$650K$4.8M2.60×
Cipresso International, Inc.Pre-Seed$905K$4.7M2.53×
Greenfield Bamboo Investments LlcPre-Seed$1.0M$4.2M2.24×
XYZ CBD Group, IncPre-Seed$1.6M$4.0M2.15×
Africa Eats SPC this companyPre-Seed$400K$2.4M1.29×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$400K2022-10-03$2.2M$2.4M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$400K2022-10-03
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
Intelligence
Modeled next raise
$640K
Modeled next size est.range $416K$1.0M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Michael Libes1 other2022-10
Jumaane Tafawa2022-10
Registry & provenance

Africa Eats SPC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1896200
SEC CIK
2021
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Agricultural Solutions IncAgriculturePre-Seed$400K$5.3Msame sector · same stage
AgTec Innovations, Inc.AgriculturePre-Seed$400K$5.3Msame sector · same stage
Cascadia Growers Association LLCAgriculturePre-Seed$400K$633Ksame sector · same stage
Grace Executive Services, Inc.AgriculturePre-Seed$400K$2.7Msame sector · same stage
Interra Capital, LLCAgriculturePre-Seed$400K$5.3Msame sector · same stage
New York Hemp Oil, LLCAgriculturePre-Seed$400K$5.3Msame sector · same stage
PK Industries LLCAgriculturePre-Seed$400K$2.3Msame sector · same stage
Russ' Century Farm LLCAgriculturePre-Seed$400K$5.3Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Congo Food IncAgricultureSeed$6.8M79%
Pau Ka Mana'o'i'o LPAgriculturePre-Seed$6.7M75%
African Fertilizer and Agribusiness Partnership
South African company, based in Johannesburg.
Agtech / Foodtech74%
Jicaiba Holdings LtdAgricultureSeries C$631.1M73%
Affi Lande Boetiek Guest Farm
South African company.
Agtech / Foodtech71%
Black Horse Initiative, LLCAgriculturePre-Seed$1.3M71%
Kwetu Guest Farm
South African company.
Agtech / Foodtech71%
University of Pretoria Experimental Farm
South African company.
Agtech / Foodtech71%
Frequently asked
How much funding has Africa Eats SPC raised?
Africa Eats SPC has raised approximately $400K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Africa Eats SPC's estimated valuation?
Provath's modeled valuation for Africa Eats SPC is approximately $2.4M (modeled range $253K–$13.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Africa Eats SPC at?
Africa Eats SPC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Mon Oct 03.
What does Africa Eats SPC do and where is it based?
Africa Eats SPC operates in the Agriculture sector, based in BAINBRIDGE ISLAND.
Explore related

See where Africa Eats SPC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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