Companies · Agtech / Foodtech

Agricorp

Africa · Agtech / Foodtech

Diligence memoA one-page analyst read on Agricorp — recommendation, valuation, rhythm, risks.
$17.5M
Total raised · real
1
Rounds
Latest step-up
Top 15%
Sector rank · raised
Series A
Latest stage · inferred · Fri Sep 03 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Agricorp looks over-valued 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.

Over-valued
  • Modeled value is 2.43× the median modeled value of Series A Agtech / Foodtech companies in 2019–2021 (34 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.8 yr ago; this sector typically re-raises about every 14 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Where it sits in Agtech / Foodtech

Agricorp is one of 481 Agtech / Foodtech companies tracked from Africa. By capital raised it ranks in the upper tier (ahead of 86% of sector peers), and among the largest by modeled valuation est..

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

Nigerian startup Agricorp, which is utilising technology in a bid to become the largest spices exporter on the continent, has raised US$17.5 million in Series A funding to help it increase its production capacity to 7,000 metric tonnes.

Nigerian startup Agricorp, which is utilising technology in a bid to become the largest spices exporter on the continent, has raised US$17.5 million in Series A funding to help it increase its production capacity to 7,000 metric tonnes.

As reported in public records reported — not modeled.

NG
Jurisdiction
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$50M$100M$150M$200MSeries A · 2021-09-03 Raised $18M (real) Modeled valuation $130M (est)$18M$130MSeries A2021

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
Series A$17.5M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$129.9M
Base estimate est.
$22.4M
Conservative case
$538.8M
Upside case
$79.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). 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
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.27×/yr
Annual markup
1.60×/yr upside case
4.8 yr
Elapsed time used
4.8 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.8 yr
On record since
2021
First round
1
Rounds on file
How it compares to the market

Benchmarked against 481 companies in Agtech / Foodtech. 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) 5.2× above median
This company$17.5M
Sector median$3.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 3.5× above median
This company$17.5M
Sector median$5.0M
Modeled value — vs sector median (estimate, all stages) 11× above median
This company$129.9M
Sector median$12.2M

Raised more than 86% of sector peers (real $). Modeled value above 92% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #2 of 34.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Hum Nutrition Inc. · Series A Raised $22.2M · modeled $144.9M (est)Vive Organic, Inc. · Series A Raised $17.6M · modeled $117.8M (est)Good Day Farm Missouri Holdings, LLC · Series A Raised $13.2M · modeled $106.8M (est)Osiris Organics Inc. · Series A Raised $10.0M · modeled $98.1M (est)Desert Bloom Food Ventures LLC · Series A Raised $9.4M · modeled $89.4M (est)Tiny Organics, Inc. · Series A Raised $10.7M · modeled $84.1M (est)Trifecta Nutrition, Inc. · Series A Raised $12.3M · modeled $82.8M (est)Spero Foods, Inc. · Series A Raised $8.2M · modeled $80.2M (est)Quinn Foods LLC · Series A Raised $13.7M · modeled $77.4M (est)Foods United, Inc. · Series A Raised $7.5M · modeled $73.6M (est)Pottsgrove Farms Inc · Series A Raised $7.5M · modeled $68.1M (est)Agricorp (this company) Raised $17.5M · modeled $129.9M (est)Agricorp
CompanyStageRaised · realValue · estvs peer med.
Hum Nutrition Inc.Series A$22.2M$144.9M2.71×
Agricorp this companySeries A$17.5M$129.9M2.43×
Vive Organic, Inc.Series A$17.6M$117.8M2.20×
Good Day Farm Missouri Holdings, LLCSeries A$13.2M$106.8M2.00×
Osiris Organics Inc.Series A$10.0M$98.1M1.84×
Desert Bloom Food Ventures LLCSeries A$9.4M$89.4M1.67×
Tiny Organics, Inc.Series A$10.7M$84.1M1.57×
Trifecta Nutrition, Inc.Series A$12.3M$82.8M1.55×
Spero Foods, Inc.Series A$8.2M$80.2M1.50×
Quinn Foods LLCSeries A$13.7M$77.4M1.45×
Foods United, Inc.Series A$7.5M$73.6M1.38×
Pottsgrove Farms IncSeries A$7.5M$68.1M1.27×
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.
Series A$17.5M2021-09-03$79.5M$129.9M45%
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. Series A$17.5M2021-09-03
    • First recorded raise — entered as Series A.
Intelligence
Modeled next raise
$28.0M
Modeled next size est.range $18.2M$44.8M
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.

Registry & provenance

Agricorp 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
NG
Jurisdiction
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
Vive Organic, Inc.Agtech / FoodtechSeries A$17.6M$117.8Msame sector · same stage
Fifty Foods Inc.Agtech / FoodtechSeries A$17.7M$10.2Msame sector · same stage
China Xiangtai Food Co., Ltd.Agtech / FoodtechSeries A$17.3M$7.7Msame sector · same stage
High Quality Nutrition Co LLCAgtech / FoodtechSeries A$17.0M$29.8Msame sector · same stage
Sensible Organics, Inc.Agtech / FoodtechSeries A$16.5M$21.3Msame sector · same stage
Agritech Worldwide, Inc.Agtech / FoodtechSeries A$15.9M$9.8Msame sector · same stage
Love Grown Foods, LLCAgtech / FoodtechSeries A$15.8M$44.7Msame sector · same stage
Prairie Farms Dairy IncAgtech / FoodtechSeries A$19.5M$8.2Msame sector · same stage
Frequently asked
How much funding has Agricorp raised?
Agricorp has raised approximately $17.5M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Agricorp's estimated valuation?
Provath's modeled valuation for Agricorp is approximately $129.9M (modeled range $22.4M–$538.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Agricorp at?
Agricorp's latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Sep 03.
What does Agricorp do and where is it based?
Agricorp operates in the Agtech / Foodtech sector, based in Africa. Nigerian startup Agricorp, which is utilising technology in a bid to become the largest spices exporter on the continent, has raised US$17.5 million in Series A funding to help it increase its production capacity to 7,000 metric tonnes.
Explore related

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

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