Diligence memo · auto-generated · as of July 2, 2026

Bonafide Provisions, LLC

Bonafide Provisions, LLC looks under-valued against its niche peers and is dormant on financing cadence.

DeprioritizeFinancing has gone silent well past the sector's normal cadence — treat as inactive until outside confirmation of a live operation.

Businessfiled

Bonafide Provisions, LLC operates in Other, based in Carlsbad.

Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.

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

Capital & rounds (filed)filed

Bonafide Provisions, LLC has raised $9.2M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).

Largest single filing: $4.5M on 2016-11-16.

Most recent recorded round closed around 2019-04-22.

Valuation (modeled)modeled

Provath models Bonafide Provisions, LLC at approximately $23M (range $2.0M–$123M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Under-valued. Modeled value is 0.28× the median modeled value of Series A Other companies in 2019–2021 (858 peers) — value vs value, same stage and era.

Financing rhythm & timingmixed

Historic cadence: a new round about every 9 months.

Last raise 7.2 yr ago; this sector typically re-raises about every 11 months.

Silent for over 3× the sector's normal cadence.

The last round was 1.5× smaller than the prior — a bridge or down round.

Comparablesmixed

Capital scale ranks ahead of 76% of Other peers (25015 compared).

Modeled value ranks above 56% of those peers.

Closest niche peers: No More Landfills Investment Group, LLC, 3901 Campbellton Rd., LLC, medpai group, WestCap Bolt, LLC, HBC Management Class B L.P..

Peoplefiled

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

Risks & flagsmixed

Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.

Broad sector classification weakens peer comparison.

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