Companies · Agtech / Foodtech

Food Ready Inc.

CHICAGO · Agtech / Foodtech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Food Ready Inc. — recommendation, valuation, rhythm, risks.
$5.5M
Total raised · real
2
Rounds
2.5×
Latest step-up
Top 33%
Sector rank · raised
Seed
Latest stage · inferred · Fri Aug 25 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Food Ready Inc. looks over-valued against its niche peers and is at-risk 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.

Over-valued
  • Modeled value is 2.27× the median modeled value of Seed Agtech / Foodtech companies in 2022–2024 (33 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.9 yr ago; this sector typically re-raises about every 14 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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 Agtech / Foodtech

Food Ready Inc. is one of 481 Agtech / Foodtech companies tracked from CHICAGO. By capital raised it ranks mid-pack (ahead of 68% of sector peers), and mid-pack 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(b)
Reg D exemption
7
Investors (latest)
2021
Year incorporated
2023-08-25
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$5.0M$10M$15M$20MSeed · 2022-09-12 Raised $1.5M (real) Modeled valuation $9.4M (est)$1.5M$9.4MSeed2022Seed · 2023-08-25 Raised $3.9M (real) Modeled valuation $18M (est)$3.9M$18MSeed2023+$3.9MCumulative $5.5M

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
Seed$1.5M · 2022
Seed extension$3.9M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$17.8M
Base estimate est.
$3.3M
Conservative case
$59.6M
Upside case
$19.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the agriculture sector profile. Directional, not a quoted figure.

Seed · modeled $9.4M · 2022-09-122022Seed · modeled $17.8M · 2023-08-252023
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.36×/yr
Annual markup
1.79×/yr upside case
2.9 yr
Elapsed time used
2.9 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$5.7M/yr
Capital velocity
3.8 yr
On record since
2022
First round
2
Rounds on file
How it compares to the market

Benchmarked against 481 companies in Agtech / Foodtech. 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) 1.6× above median
This company$5.5M
Sector median$3.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 2.4× above median
This company$3.9M
Sector median$1.6M
Modeled value — vs sector median (estimate, all stages) 1.5× above median
This company$17.8M
Sector median$12.2M

Raised more than 68% of sector peers (real $). Modeled value above 67% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #4 of 33.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Umaro Foods, Inc. · Seed Raised $3.0M · modeled $22.8M (est)Real Beauty Food, LLC · Seed Raised $3.5M · modeled $21.7M (est)Coro Foods, LLC · Seed Raised $8.7M · modeled $19.9M (est)Agronomics Ltd · Seed Raised $4.6M · modeled $17.6M (est)Slingshot Coffee Company, L.L.C. · Seed Raised $5.3M · modeled $15.9M (est)All in Food PBC · Seed Raised $4.0M · modeled $14.4M (est)Kuehnle Agrosystems Inc · Seed Raised $8.8M · modeled $12.1M (est)Merch Farm, Llc · Seed Raised $1.6M · modeled $11.3M (est)Agriful Software, Inc. · Seed Raised $3.0M · modeled $11.1M (est)Fronen Foods, Inc. · Seed Raised $3.7M · modeled $9.2M (est)Crave Better Foods, LLC · Seed Raised $4.2M · modeled $9.2M (est)Food Ready Inc. (this company) Raised $5.5M · modeled $17.8M (est)Food Ready Inc.
CompanyStageRaised · realValue · estvs peer med.
Umaro Foods, Inc.Seed$3.0M$22.8M2.91×
Real Beauty Food, LLCSeed$3.5M$21.7M2.77×
Coro Foods, LLCSeed$8.7M$19.9M2.54×
Food Ready Inc. this companySeed$5.5M$17.8M2.27×
Agronomics LtdSeed$4.6M$17.6M2.25×
Slingshot Coffee Company, L.L.C.Seed$5.3M$15.9M2.03×
All in Food PBCSeed$4.0M$14.4M1.83×
Kuehnle Agrosystems IncSeed$8.8M$12.1M1.54×
Merch Farm, LlcSeed$1.6M$11.3M1.44×
Agriful Software, Inc.Seed$3.0M$11.1M1.41×
Fronen Foods, Inc.Seed$3.7M$9.2M1.18×
Crave Better Foods, LLCSeed$4.2M$9.2M1.18×
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.
Seed$1.5M2022-09-12$7.7M$9.4M90%
Seed$3.9M2023-08-25$19.6M$17.8M90%
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. Seed$1.5M2022-09-12
    • First recorded raise — entered as Seed.
    • 10 investors on this round.
  2. Seed$3.9M2023-08-25
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • 7 investors on this round.
Intelligence
2024 ~Q3
Modeled next raise · ~11mo cadence
$9.9M
Modeled next size est.range $6.5M$15.9M
2.5×
Last step-up
$5.7M/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
MIKE TUCKER1 other2023-08
David Seddon2022-09
Gerald Galloway2022-09
Viggo Nielsen2023-08
William Metz2022-09
Registry & provenance

Food Ready Inc. 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
1947662
SEC CIK
2021
Incorporated
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
Smart Farm Systems, Inc.Agtech / FoodtechSeed$5.5M$10.0Msame sector · same stage
Global Water Farms, Inc.Agtech / FoodtechSeed$5.3M$2.7Msame sector · same stage
Slingshot Coffee Company, L.L.C.Agtech / FoodtechSeed$5.3M$15.9Msame sector · same stage
Hooray Foods, Inc.Agtech / FoodtechSeed$5.2M$22.2Msame sector · same stage
EVR Foods, Inc.Agtech / FoodtechSeed$5.2M$28.0Msame sector · same stage
Demers Food Group Inc.Agtech / FoodtechSeed$6.0M$46.1Msame sector · same stage
Forward Food, Inc.Agtech / FoodtechSeed$6.2M$3.1Msame sector · same stage
Tenayo Foods LLCAgtech / FoodtechSeed$6.3M$2.3Msame 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
Ready Coffee, Inc.Agtech / FoodtechSeed$8.9M93%
Fresh Prep Foods Inc.Agtech / FoodtechSeed$22.4M91%
Freed Foods, Inc.Agtech / FoodtechSeries A$12.6M88%
Better Foods Inc.Agtech / FoodtechSeed$6.1M88%
Farm One, Inc.Agtech / FoodtechSeed$24.1M88%
Agrisync, Inc.Agtech / FoodtechPre-Seed$7.3M87%
Ando Food, Inc.Agtech / FoodtechSeries A$102.4M87%
Agrisight Inc.Agtech / FoodtechSeries B$172.4M86%
Frequently asked
How much funding has Food Ready Inc. raised?
Food Ready Inc. has raised approximately $5.5M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Food Ready Inc.'s estimated valuation?
Provath's modeled valuation for Food Ready Inc. is approximately $17.8M (modeled range $3.3M–$59.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Food Ready Inc. at?
Food Ready Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Aug 25.
What does Food Ready Inc. do and where is it based?
Food Ready Inc. operates in the Agtech / Foodtech sector, based in CHICAGO.
Explore related

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

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