Diligence memo · auto-generated · as of July 2, 2026
Forward Food, Inc.
Forward Food, Inc. looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Forward Food, Inc. operates in Agtech / Foodtech, based in AUSTIN.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Forward Food, Inc. has raised $6.2M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.1M on 2022-08-29.
Most recent recorded round closed around 2024-04-05.
Valuation (modeled)modeled
Provath models Forward Food, Inc. at approximately $3.1M (range $686K–$8.7M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.39× 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 12 months.
Last raise 2.2 yr ago; this sector typically re-raises about every 14 months.
Slightly overdue versus sector cadence.
The last round was 3.8× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 70% of Agtech / Foodtech peers (481 compared).
Modeled value ranks above 36% of those peers.
Closest niche peers: Umaro Foods, Inc., Real Beauty Food, LLC, Coro Foods, LLC, Food Ready Inc., Agronomics Ltd.
Peoplefiled
8 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.