Companies · Agriculture

AH&N Holdco, Inc.

FORT COLLINS · Agriculture

Diligence memoA one-page analyst read on AH&N Holdco, Inc. — recommendation, valuation, rhythm, risks.
$173.4M
Total raised · real
4
Rounds
2.0×
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Mar 15 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

AH&N Holdco, Inc. has raised $173M over 4 rounds; too few niche peers to rank its valuation yet.

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.

At-risk
  • Last raise 2.3 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

AH&N Holdco, Inc. is one of 1056 Agriculture companies tracked from FORT COLLINS. By capital raised it ranks among the largest (ahead of 98% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
34
Investors (latest)
2019
Year incorporated
2024-03-15
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$500M$1.0B$1.5B$2.0BSeries D+ · 2019-12-03 Raised $124M (real) Modeled valuation $1.2B (est)$124M$1.2BSeries D+2019Series D+ · 2020-01-05 Raised $4.4M (real) Modeled valuation $44M (est)$4.4M$44MSeries D+2020Series D+ · 2020-05-15 Raised $15M (real) Modeled valuation $152M (est)$15M$152MSeries D+2020Series D+ · 2024-03-15 Raised $30M (real) Modeled valuation $235M (est)$30M$235MSeries D+2024+$4.4M+$15M+$30MCumulative $173M

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 D+$123.6M · 2019
Series D+ extension$4.4M · 2020
Series D+ extension$15.3M · 2020
Series D+ extension$30.1M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 17%.

Modeled valuation trajectory
$234.9M
Base estimate est.
$161.9M
Conservative case
$337.5M
Upside case
$250.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the agriculture sector profile. Directional, not a quoted figure.

Series D+ · modeled $1.2B · 2019-12-032019Series D+ · modeled $43.9M · 2020-01-05Series D+ · modeled $152.1M · 2020-05-15Series D+ · modeled $234.9M · 2024-03-152024
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
81%
Survival probability
65% low · 89% high
1.07×/yr
Annual markup
1.20×/yr upside case
2.3 yr
Elapsed time used
2.3 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$40.5M/yr
Capital velocity
6.6 yr
On record since
2019
First round
4
Rounds on file
How it compares to the market

Benchmarked against 1056 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) 78× above median
This company$173.4M
Sector median$2.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.2× of median
This company$30.1M
Sector median$140.0M
Modeled value — vs sector median (estimate, all stages) 20× above median
This company$234.9M
Sector median$11.9M

Raised more than 98% of sector peers (real $). Modeled value above 94% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
High Plains Partners, LLCSeries D+$230.0M$2.0B1.79×
AH&N Holdco, Inc. this companySeries D+$173.4M$234.9M0.21×
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 D+$123.6M2019-12-03$1.0B$1.2B90%
Series D+$4.4M2020-01-05$36.8M$43.9M90%
Series D+$15.3M2020-05-15$127.5M$152.1M90%
Series D+$30.1M2024-03-15$250.6M$234.9M90%
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 D+$123.6M2019-12-03
    • First recorded raise — entered as Series D+.
    • 31 investors on this round.
  2. Series D+$4.4M2020-01-05
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 28.0× smaller than the prior — bridge or down round.
    • 29 investors on this round.
  3. Series D+$15.3M2020-05-15
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
    • 27 investors on this round.
  4. Series D+$30.1M2024-03-15
    • Raised again after 46 mo — slower than the ~11 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 34 investors on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~17mo cadence
$59.1M
Modeled next size est.range $38.4M$94.5M
2.0×
Last step-up
$40.5M/yr
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
Daniel B. May1 other2020-01
Spencer Swayze1 other2019-12
Adam O. Fless2020-05
Dan C. May2019-12
Dan O. May2020-05
Eithna C. O'Leary2019-12
Eithna O. O'Leary2020-05
Jonathan Lowe2024-03
Leander C. Van Der Walt2019-12
Leander O. Van Der Walt2020-05
Natasha C. Dossa2019-12
Natasha O. Dossa2020-05
Richard O. Shuler2020-01
Rich C. Shuler2019-12
Rick C. Greubel2019-12
Rick O. Greubel2020-01
Rick O. Gruebel2024-03
Spencer C. Swayze2024-03
Steve C. Padgette2019-12
Steve O. Padgette2024-03
William C. Weldon2019-12
Registry & provenance

AH&N Holdco, Inc. 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
1796876
SEC CIK
2019
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
MS Biotech Holdings, Inc.AgricultureSeries C$59.1M$583.5Mnetwork1 shared operator · same sector
80 Acres Urban Agriculture, Inc.AgricultureSeries D+$313.5M$202.4Msame sector · same stage
Terviva, Inc.AgricultureSeries C$170.8M$43.1Msame sector
Sound Agriculture CoAgricultureSeries C$176.2M$138.4Msame sector
Cool Planet Energy Systems, Inc.AgricultureSeries C$194.5M$200.5Msame sector
SunOpta Inc.AgricultureSeries C$197.3M$379.6Msame sector
MS Biotech, Inc.AgricultureSeed$2.3M$4.3Mnetwork1 shared operator · same sector
Vestaron CorpAgricultureSeries C$144.0M$65.2Msame sector
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
KCG HoldCo, LLCAgricultureSeries A$24.1M90%
Tycoon Holdings, LLCAgriculturePre-Seed$6.5M84%
Farmadvisor Holdco LLCOtherSeed$16.3M83%
GrowCo, Inc.AgricultureSeries A$43.9M83%
Farming First Holdings LLCAgricultureSeries B$24.5M82%
JDBC Holding, Inc.AgricultureSeed$32.1M82%
Cresco Labs Finco Ltd.AgricultureSeries C$802.1M82%
John J. Hoober LLCAgricultureSeed$12.8M82%
Frequently asked
How much funding has AH&N Holdco, Inc. raised?
AH&N Holdco, Inc. has raised approximately $173.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is AH&N Holdco, Inc.'s estimated valuation?
Provath's modeled valuation for AH&N Holdco, Inc. is approximately $234.9M (modeled range $161.9M–$337.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is AH&N Holdco, Inc. at?
AH&N Holdco, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Mar 15.
What does AH&N Holdco, Inc. do and where is it based?
AH&N Holdco, Inc. operates in the Agriculture sector, based in FORT COLLINS.
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