Diligence memo · auto-generated · as of July 3, 2026

Blackshirt Feeders, LP

Blackshirt Feeders, LP looks under-valued against its niche peers and is quiet on financing cadence.

SourceModeled below same-niche peers while still financing on rhythm — a potential mispricing worth a closer look.

Businessfiled

Blackshirt Feeders, LP operates in Agriculture, based in BENKELMAN.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

Blackshirt Feeders, LP has raised $5.6M 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: $5.6M on 2024-08-28.

Most recent recorded round closed around 2024-08-28.

Valuation (modeled)modeled

Provath models Blackshirt Feeders, LP at approximately $20M (range $7.2M–$41M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Under-valued. Modeled value is 0.63× the median modeled value of Series A Agriculture companies in 2022–2024 (43 peers) — value vs value, same stage and era.

Financing rhythm & timingmixed

Last raise 22 mo ago; this sector typically re-raises about every 11 months.

Slightly overdue versus sector cadence.

Comparablesmixed

Capital scale ranks ahead of 70% of Agriculture peers (1056 compared).

Modeled value ranks above 63% of those peers.

Closest niche peers: IFC PNW Tree Fruit Holdings Manson LLC, C5 Farming LLC, LoMac Wolf Point Investors, LP, White River Creston LLC, IFC Southern Fruit Holdings LLC.

Peoplefiled

3 named people on file across officers, directors and signatories.

Risks & flagsmixed

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.