Companies · Agriculture

Farm Project, Pbc.

Marina del Rey · Agriculture

Diligence memoA one-page analyst read on Farm Project, Pbc. — recommendation, valuation, rhythm, risks.
$585K
Total raised · real
2
Rounds
0.2×
Latest step-up
Top 77%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Mon Nov 11 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Farm Project, Pbc. looks under-valued against its niche peers and is quiet 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 0.15× the median modeled value of Pre-Seed Agriculture companies in 2022–2024 (67 peers) — value vs value, same stage and era.
Quiet
  • Last raise 20 mo ago; this sector typically re-raises about every 11 months.
  • Slightly overdue versus sector cadence.
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

Farm Project, Pbc. is one of 1056 Agriculture companies tracked from Marina del Rey. By capital raised it ranks in the long tail (ahead of 24% 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
Rule 506(c)
Reg D exemption
1
Investors (latest)
2024-11-11
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$2.5M$5.0M$7.5M$10MPre-Seed · 2018-05-16 Raised $485K (real) Modeled valuation $6.5M (est)$485K$6.5MPre-Seed2018Pre-Seed · 2024-11-11 Raised $100K (real) Modeled valuation $283K (est)$100K$283KPre-Seed2024+$100KCumulative $585K

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$485K · 2018
Pre-Seed extension$100K · 2024

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

Modeled valuation trajectory
$283K
Base estimate est.
$63K
Conservative case
$853K
Upside case
$556K
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.

Pre-Seed · modeled $6.5M · 2018-05-162018Pre-Seed · modeled $283K · 2024-11-112024
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
1.6 yr
Elapsed time used
1.6 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
78 mo
Avg between rounds
$90K/yr
Capital velocity
8.1 yr
On record since
2018
First round
2
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) 0.3× of median
This company$585K
Sector median$2.2M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.3× of median
This company$100K
Sector median$374K
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$283K
Sector median$11.9M

Raised more than 24% of sector peers (real $). Modeled value above 1% 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 #67 of 67.

This companyCohort peer
$100K$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Vertical Malt, Inc. · Pre-Seed Raised $1.0M · modeled $7.3M (est)Wellfish Diagnostics Ltd · Pre-Seed Raised $736K · modeled $5.6M (est)Pacific Hybreed, Inc. · Pre-Seed Raised $2.1M · modeled $5.2M (est)Grapeman Farm Holdings, LLC · Pre-Seed Raised $1.0M · modeled $5.2M (est)Belstra Group Farms, LLC · Pre-Seed Raised $769K · modeled $5.2M (est)Canopii Inc. · Pre-Seed Raised $742K · modeled $5.1M (est)X-C, Llc · Pre-Seed Raised $799K · modeled $5.1M (est)Lepidext, Inc. · Pre-Seed Raised $1.2M · modeled $5.1M (est)Greencare Collective LLC · Pre-Seed Raised $650K · modeled $4.8M (est)Cipresso International, Inc. · Pre-Seed Raised $905K · modeled $4.7M (est)Greenfield Bamboo Investments Llc · Pre-Seed Raised $1.0M · modeled $4.2M (est)XYZ CBD Group, Inc · Pre-Seed Raised $1.6M · modeled $4.0M (est)Farm Project, Pbc. (this company) Raised $585K · modeled $283K (est)Farm Project, Pbc.
CompanyStageRaised · realValue · estvs peer med.
Vertical Malt, Inc.Pre-Seed$1.0M$7.3M3.93×
Wellfish Diagnostics LtdPre-Seed$736K$5.6M3.03×
Pacific Hybreed, Inc.Pre-Seed$2.1M$5.2M2.81×
Grapeman Farm Holdings, LLCPre-Seed$1.0M$5.2M2.78×
Belstra Group Farms, LLCPre-Seed$769K$5.2M2.78×
Canopii Inc.Pre-Seed$742K$5.1M2.76×
X-C, LlcPre-Seed$799K$5.1M2.74×
Lepidext, Inc.Pre-Seed$1.2M$5.1M2.73×
Greencare Collective LLCPre-Seed$650K$4.8M2.60×
Cipresso International, Inc.Pre-Seed$905K$4.7M2.53×
Greenfield Bamboo Investments LlcPre-Seed$1.0M$4.2M2.24×
XYZ CBD Group, IncPre-Seed$1.6M$4.0M2.15×
Farm Project, Pbc. this companyPre-Seed$585K$283K0.15×
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$485K2018-05-16$2.7M$6.5M90%
Pre-Seed$100K2024-11-11$556K$283K90%
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$485K2018-05-16
    • First recorded raise — entered as Pre-Seed.
    • 12 investors on this round.
  2. Pre-Seed$100K2024-11-11
    • Raised again after 78 mo — slower than the ~11 mo sector norm.
    • Round 4.8× smaller than the prior — bridge or down round.
    • Switched to Rule 506(c) (was Rule 504).
    • 1 investor on this round.
Intelligence
2031 ~Q2
Modeled next raise · ~78mo cadence
$100K
Modeled next size est.range $100K$160K
0.2×
Last step-up
$90K/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.

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
Gregory Campbell2024-11
Jacob Pechenik2018-05
Jacob Shea2024-11
Registry & provenance

Farm Project, Pbc. 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
1742100
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
Crescent Distributions, LLCAgriculturePre-Seed$585K$593Ksame sector · same stage
Sustainnabis CoAgriculturePre-Seed$600K$950Ksame sector · same stage
Tripp, LLCAgriculturePre-Seed$600K$2.6Msame sector · same stage
Vegalab, Inc.AgriculturePre-Seed$603K$4.0Msame sector · same stage
West Coast Holdings LLCAgriculturePre-Seed$605K$2.6Msame sector · same stage
Stony Creek Olive Ranch, LLCAgriculturePre-Seed$565K$1.5Msame sector · same stage
Lytos Technologies, LLCAgriculturePre-Seed$611K$2.5Msame sector · same stage
Nexyst 360, Inc.AgriculturePre-Seed$618K$1.3Msame 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
Soulfull Project, PBCAgriculturePre-Seed$2.0M90%
Pbc Innovation IncAgricultureSeed$11.6M85%
PK Industries LLCAgriculturePre-Seed$2.3M80%
Pau Ka Mana'o'i'o LPAgriculturePre-Seed$6.7M79%
Pqm, LlcAgricultureSeed$15.0M79%
Mad Capital Group PBCAgricultureSeed$14.8M78%
Babylon Micro-Farms Inc.AgricultureSeed$20.4M78%
Black Horse Initiative, LLCAgriculturePre-Seed$1.3M78%
Frequently asked
How much funding has Farm Project, Pbc. raised?
Farm Project, Pbc. has raised approximately $585K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Farm Project, Pbc.'s estimated valuation?
Provath's modeled valuation for Farm Project, Pbc. is approximately $283K (modeled range $63K–$853K). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Farm Project, Pbc. at?
Farm Project, Pbc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Mon Nov 11.
What does Farm Project, Pbc. do and where is it based?
Farm Project, Pbc. operates in the Agriculture sector, based in Marina del Rey.
Explore related

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

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