Diligence memo · auto-generated · as of July 2, 2026
Farm Project, Pbc.
Farm Project, Pbc. looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Farm Project, Pbc. operates in Agriculture, based in Marina del Rey.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Farm Project, Pbc. has raised $585K in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $485K on 2018-05-16.
Most recent recorded round closed around 2024-11-11.
Valuation (modeled)modeled
Provath models Farm Project, Pbc. at approximately $283K (range $63K–$853K). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 78 months.
Last raise 20 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
The last round was 4.8× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 24% of Agriculture peers (1056 compared).
Modeled value ranks above 1% of those peers.
Closest niche peers: Vertical Malt, Inc., Wellfish Diagnostics Ltd, Pacific Hybreed, Inc., Grapeman Farm Holdings, LLC, Belstra Group Farms, LLC.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.