Companies · Agriculture

Copperstate Farms, LLC

PHOENIX · Agriculture

Diligence memoA one-page analyst read on Copperstate Farms, LLC — recommendation, valuation, rhythm, risks.
$9.5M
Total raised · real
2
Rounds
0.1×
Latest step-up
Top 23%
Sector rank · raised
Series A
Latest stage · inferred · Fri Dec 13 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Copperstate Farms, LLC looks under-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.

Under-valued
  • Modeled value is 0.20× the median modeled value of Series A Agriculture companies in 2019–2021 (49 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.6 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Copperstate Farms, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
8.0 yr record
Peak capital year was 2018 with $25.0M across 3 filings.
Market position
ahead of 78% of Agriculture peers
Capital scale is ahead of 78% of Agriculture peers; modeled value is above 43% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2018: $25.0M across 3 filings.
  • Largest single filing was $8.7M on 2018-06-26.
  • Filing rows sum to $26.0M, while canonical raised total is $9.5M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
Where it sits in Agriculture

Copperstate Farms, LLC is one of 1056 Agriculture companies tracked from PHOENIX. By capital raised it ranks in the upper tier (ahead of 78% of sector peers), and mid-pack 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
1
Investors (latest)
2016
Year incorporated
2019-12-13
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$25M$50M$75M$100MSeries A · 2018-06-26 Raised $8.7M (real) Modeled valuation $75M (est)$8.7M$75MSeries A2018Series A · 2018-06-26 Raised $8.5M (real) Modeled valuation $74M (est)$8.5M$74MSeries A2018Series A · 2018-06-26 Raised $7.9M (real) Modeled valuation $69M (est)$7.9M$69MSeries A2018Series A · 2019-12-13 Raised $1.0M (real) Modeled valuation $8.7M (est)$1.0M$8.7MSeries A2019+$8.5M+$7.9M+$1.0MCumulative $26M

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$8.7M · 2018
Series A extension$8.5M · 2018
Series A extension$7.9M · 2018
Series A extension$1.0M · 2019

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
$8.7M
Base estimate est.
$1.3M
Conservative case
$47.4M
Upside case
$4.5M
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.

Series A · modeled $75.4M · 2018-06-262018Series A · modeled $74.1M · 2018-06-26Series A · modeled $68.9M · 2018-06-26Series A · modeled $8.7M · 2019-12-132019
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.24×/yr
Annual markup
1.56×/yr upside case
6.0 yr
Elapsed time used
6.5 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$6.5M/yr
Capital velocity
8.0 yr
On record since
2018
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) 4.3× above median
This company$9.5M
Sector median$2.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.2× of median
This company$1.0M
Sector median$5.9M
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$8.7M
Sector median$11.9M

Raised more than 78% of sector peers (real $). Modeled value above 43% 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 #46 of 49.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)CEA Fresh Farms LLC · Series A Raised $13.9M · modeled $121.3M (est)Bioceres Crop Solutions Corp. · Series A Raised $15.0M · modeled $120.8M (est)VitaNova Colorado LLC · Series A Raised $13.1M · modeled $114.4M (est)Klocke Estate Holdings, LLC · Series A Raised $12.6M · modeled $109.4M (est)Landscape Partners, L.P. · Series A Raised $12.5M · modeled $106.4M (est)Vitanova Llc · Series A Raised $10.0M · modeled $87.2M (est)Eden Food International Inc. · Series A Raised $13.0M · modeled $85.1M (est)Ceres Global Ag Corp. · Series A Raised $9.6M · modeled $83.6M (est)Crabgrass LLC · Series A Raised $9.0M · modeled $78.5M (est)AmHemp Kentucky LLC · Series A Raised $8.7M · modeled $76.1M (est)Skillicorn Anderson Associates International Ltd · Series A Raised $9.5M · modeled $74.8M (est)Taylor Farms Retail, Inc. · Series A Raised $8.9M · modeled $65.7M (est)Copperstate Farms, LLC (this company) Raised $9.5M · modeled $8.7M (est)Copperstate Farms, LLC
CompanyStageRaised · realValue · estvs peer med.
CEA Fresh Farms LLCSeries A$13.9M$121.3M2.78×
Bioceres Crop Solutions Corp.Series A$15.0M$120.8M2.77×
VitaNova Colorado LLCSeries A$13.1M$114.4M2.62×
Klocke Estate Holdings, LLCSeries A$12.6M$109.4M2.51×
Landscape Partners, L.P.Series A$12.5M$106.4M2.44×
Vitanova LlcSeries A$10.0M$87.2M2.00×
Eden Food International Inc.Series A$13.0M$85.1M1.95×
Ceres Global Ag Corp.Series A$9.6M$83.6M1.92×
Crabgrass LLCSeries A$9.0M$78.5M1.80×
AmHemp Kentucky LLCSeries A$8.7M$76.1M1.75×
Skillicorn Anderson Associates International LtdSeries A$9.5M$74.8M1.72×
Taylor Farms Retail, Inc.Series A$8.9M$65.7M1.51×
Copperstate Farms, LLC this companySeries A$9.5M$8.7M0.20×
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$8.7M2018-06-26$39.3M$75.4M90%
Series A$8.5M2018-06-26$38.6M$74.1M90%
Series A$7.9M2018-06-26$35.9M$68.9M90%
Series A$1.0M2019-12-13$4.5M$8.7M90%
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$8.7M2018-06-26
    • First recorded raise — entered as Series A.
    • 4 investors on this round.
  2. Series A$8.5M2018-06-26
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  3. Series A$7.9M2018-06-26
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 4 investors on this round.
  4. Series A$1.0M2019-12-13
    • Raised again after 18 mo — slower than the ~11 mo sector norm.
    • Round 7.9× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2020 ~Q2
Modeled next raise · ~6mo cadence
$1.0M
Modeled next size est.range $1.0M$1.6M
0.1×
Last step-up
$6.5M/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.

Registry & provenance

Copperstate Farms, LLC 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
1754472
SEC CIK
2016
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
CHONEX, Inc.AgricultureSeries A$10.0M$11.8Msame sector · same stage
Breedr Holdings Inc.AgricultureSeries A$10.2M$5.2Msame sector · same stage
San Felasco Nurseries, Inc.AgricultureSeries A$10.8M$5.2Msame sector · same stage
B Boys, Inc.AgricultureSeries A$8.2M$5.9Msame sector · same stage
Golden Waves Grain, LLCAgricultureSeries A$11.6M$3.2Msame sector · same stage
Anhui Taiyang Poulty Co IncAgricultureSeries A$6.8M$9.6Msame sector · same stage
Carrick-Harvest, LLCAgricultureSeries A$13.6M$5.7Msame sector · same stage
Green & Grow, Inc.AgricultureSeries A$13.7M$2.8Msame sector · same stage
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
Copperstate Farms Investors, LLCAgricultureSeries B$341.7M96%
Curation Farm I, LLCAgriculturePre-Seed$4.0M84%
Vital Farms, Inc.AgricultureSeries B$143.6M82%
Grapeman Farm Holdings, LLCAgriculturePre-Seed$5.2M82%
PastureMap Inc.AgricultureSeed$16.4M81%
Patten Point Consulting, LLCAgricultureSeed$24.4M81%
Corral Holdings, Inc.AgriculturePre-Seed$2.4M81%
ProduceGPO LLCAgriculturePre-Seed$8.0M81%
Frequently asked
How much funding has Copperstate Farms, LLC raised?
Copperstate Farms, LLC has raised approximately $9.5M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Copperstate Farms, LLC's estimated valuation?
Provath's modeled valuation for Copperstate Farms, LLC is approximately $8.7M (modeled range $1.3M–$47.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Copperstate Farms, LLC at?
Copperstate Farms, LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Dec 13.
What does Copperstate Farms, LLC do and where is it based?
Copperstate Farms, LLC operates in the Agriculture sector, based in PHOENIX.
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