Diligence memo · auto-generated · as of July 2, 2026
Food Ready Inc.
Food Ready Inc. looks over-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Food Ready Inc. operates in Agtech / Foodtech, based in CHICAGO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Food Ready Inc. has raised $5.5M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.9M on 2023-08-25.
Most recent recorded round closed around 2023-08-25.
Valuation (modeled)modeled
Provath models Food Ready Inc. at approximately $18M (range $3.3M–$60M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 11 months.
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.
The last round stepped up 2.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 68% of Agtech / Foodtech peers (481 compared).
Modeled value ranks above 67% of those peers.
Closest niche peers: Umaro Foods, Inc., Real Beauty Food, LLC, Coro Foods, LLC, Agronomics Ltd, Slingshot Coffee Company, L.L.C..
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.