Companies · Agriculture

Cyanotech Corp

KAILUA KONA · Agriculture

Diligence memoA one-page analyst read on Cyanotech Corp — recommendation, valuation, rhythm, risks.
$379K
Total raised · real
1
Rounds
Latest step-up
Top 85%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Apr 29 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Cyanotech Corp looks fair 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.

Fair
  • Modeled value is 1.01× the median modeled value of Pre-Seed Agriculture companies in 2016–2018 (73 peers) — value vs value, same stage and era.
  • Within the normal band (101% of peer median) for its niche.
Dormant
  • Last raise 10.2 yr ago; this sector typically re-raises about every 11 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Agriculture

Cyanotech Corp is one of 1056 Agriculture companies tracked from KAILUA KONA. By capital raised it ranks in the long tail (ahead of 16% of sector peers), and in the long tail 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
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$2.5M$5.0M$7.5M$10MPre-Seed · 2016-04-29 Raised $379K (real) Modeled valuation $5.0M (est)$379K$5.0MPre-Seed2016

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
Pre-Seed$379K · 2016

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$5.0M
Base estimate est.
$240K
Conservative case
$57.2M
Upside case
$2.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the agriculture sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.43×/yr
Annual markup
1.93×/yr upside case
6.0 yr
Elapsed time used
10.2 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
10.2 yr
On record since
2016
First round
1
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) 0.2× of median
This company$379K
Sector median$2.2M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.0× above median
This company$379K
Sector median$374K
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$5.0M
Sector median$11.9M

Raised more than 16% of sector peers (real $). Modeled value above 31% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #36 of 73.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Hathaway Activated Carbon, Inc. · Pre-Seed Raised $1.0M · modeled $13.3M (est)Farmers Co-operative Mill & Elevator Association · Pre-Seed Raised $1.0M · modeled $13.3M (est)Sparkle Holdings LLC · Pre-Seed Raised $1.0M · modeled $13.3M (est)JBS United, Inc. · Pre-Seed Raised $1.0M · modeled $13.3M (est)Jardin De Invierno S.A. · Pre-Seed Raised $1.0M · modeled $13.3M (est)Blue Water Acquaculture LLC · Pre-Seed Raised $1.0M · modeled $13.3M (est)Skypack Corp · Pre-Seed Raised $1.0M · modeled $13.3M (est)Florida Cattle Ranchers, LLC · Pre-Seed Raised $975K · modeled $13.0M (est)Rio Vista Farms Llc · Pre-Seed Raised $950K · modeled $12.6M (est)Farming Fungi LLC · Pre-Seed Raised $901K · modeled $12.0M (est)Whole Plants LLC · Pre-Seed Raised $900K · modeled $12.0M (est)Bitwater Farms Inc. · Pre-Seed Raised $900K · modeled $12.0M (est)Cyanotech Corp (this company) Raised $379K · modeled $5.0M (est)Cyanotech Corp
CompanyStageRaised · realValue · estvs peer med.
Hathaway Activated Carbon, Inc.Pre-Seed$1.0M$13.3M2.67×
Farmers Co-operative Mill & Elevator AssociationPre-Seed$1.0M$13.3M2.67×
Sparkle Holdings LLCPre-Seed$1.0M$13.3M2.67×
JBS United, Inc.Pre-Seed$1.0M$13.3M2.67×
Jardin De Invierno S.A.Pre-Seed$1.0M$13.3M2.67×
Blue Water Acquaculture LLCPre-Seed$1.0M$13.3M2.67×
Skypack CorpPre-Seed$1.0M$13.3M2.67×
Florida Cattle Ranchers, LLCPre-Seed$975K$13.0M2.60×
Rio Vista Farms LlcPre-Seed$950K$12.6M2.53×
Farming Fungi LLCPre-Seed$901K$12.0M2.40×
Whole Plants LLCPre-Seed$900K$12.0M2.40×
Bitwater Farms Inc.Pre-Seed$900K$12.0M2.40×
Cyanotech Corp this companyPre-Seed$379K$5.0M1.01×
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.
Pre-Seed$379K2016-04-29$2.1M$5.0M90%
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. Pre-Seed$379K2016-04-29
    • First recorded raise — entered as Pre-Seed.
Intelligence
Modeled next raise
$606K
Modeled next size est.range $394K$970K
Last step-up
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.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Walter B. Menzel1 other2016-04
David L Vied2016-04
Gerald R Cysewski2016-04
Gerard J Watts2016-04
Glenn D Jensen2016-04
James Random Lundeen2016-04
Jennifer D Johansen2016-04
Jole Eileen Deal2016-04
Michael Arlen Davis2016-04
Ralph K Carlton2016-04
Registry & provenance

Cyanotech Corp 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
768408
SEC CIK
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
Dbtm LlcAgriculturePre-Seed$375K$5.0Msame sector · same stage
FCGA Properties, INCAgriculturePre-Seed$375K$5.0Msame sector · same stage
Feeding Nemo, LlcAgriculturePre-Seed$375K$5.0Msame sector · same stage
Truehitt 1 LLCAgriculturePre-Seed$383K$5.1Msame sector · same stage
East Fork Group Inc.AgriculturePre-Seed$373K$3.2Msame sector · same stage
Blueberry Ranch LLCAgriculturePre-Seed$367K$4.9Msame sector · same stage
White Hills Ranchettes LlcAgriculturePre-Seed$392K$5.2Msame sector · same stage
Africa Eats SPCAgriculturePre-Seed$400K$2.4Msame sector · same stage
Frequently asked
How much funding has Cyanotech Corp raised?
Cyanotech Corp has raised approximately $379K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Cyanotech Corp's estimated valuation?
Provath's modeled valuation for Cyanotech Corp is approximately $5.0M (modeled range $240K–$57.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Cyanotech Corp at?
Cyanotech Corp's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Apr 29.
What does Cyanotech Corp do and where is it based?
Cyanotech Corp operates in the Agriculture sector, based in KAILUA KONA.
Explore related

See where Cyanotech Corp sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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