Diligence memo · auto-generated · as of July 2, 2026
Agricorp
Agricorp looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Agricorp operates in Agtech / Foodtech, 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.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Agricorp has raised $18M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $18M on 2021-09-03.
Most recent recorded round closed around 2021-09-03.
Valuation (modeled)modeled
Provath models Agricorp at approximately $130M (range $22M–$539M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
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.
Comparablesmixed
Capital scale ranks ahead of 86% of Agtech / Foodtech peers (481 compared).
Modeled value ranks above 92% of those peers.
Closest niche peers: Hum Nutrition Inc., Vive Organic, Inc., Good Day Farm Missouri Holdings, LLC, Osiris Organics Inc., Desert Bloom Food Ventures LLC.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.