Diligence memo · auto-generated · as of July 3, 2026
CoverCress Inc.
CoverCress Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
CoverCress Inc. operates in Agriculture, based in St. Louis.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
CoverCress Inc. has raised $37M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $26M on 2022-04-26.
Most recent recorded round closed around 2022-04-26.
Valuation (modeled)modeled
Provath models CoverCress Inc. at approximately $185M (range $62M–$503M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 4.17× the median modeled value of Series B Agriculture companies in 2022–2024 (11 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 21 months.
Last raise 4.2 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 5.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 92% of Agriculture peers (1056 compared).
Modeled value ranks above 92% of those peers.
Closest niche peers: Applied LifeSciences & Systems Poultry, Inc., Alta Arbor Holdings, LLC, Jushi Holdings Inc., AmplifiedAg, Inc., Lowell Farms Inc..
Peoplefiled
19 named people on file across officers, directors and signatories.
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.