Diligence memo · auto-generated · as of July 3, 2026
Crave Food Systems Corp
Crave Food Systems Corp looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Crave Food Systems Corp operates in Agtech / Foodtech, based in NORTH KINGSTOWN.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Crave Food Systems Corp has raised $2.7M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.0M on 2020-10-23.
Most recent recorded round closed around 2020-10-23.
Valuation (modeled)modeled
Provath models Crave Food Systems Corp at approximately $11M (range $880K–$82M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.83× the median modeled value of Seed Agtech / Foodtech companies in 2019–2021 (39 peers) — value vs value, same stage and era. Within the normal band (83% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 29 months.
Last raise 5.7 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.3× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 56% of Agtech / Foodtech peers (481 compared).
Modeled value ranks above 58% of those peers.
Closest niche peers: Hope Foods, LLC, Demers Food Group Inc., Cali'Flour Foods, LLC, KetoNatural Pet Foods, Inc., ElDo Organic, LLC.
Peoplefiled
8 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.