Companies · Agtech / Foodtech

Freight Farms, Inc.

BOSTON · Agtech / Foodtech · refined from filed group “Other

Diligence memoA one-page analyst read on Freight Farms, Inc. — recommendation, valuation, rhythm, risks.
$36.2M
Total raised · real
5
Rounds
3.2×
Latest step-up
Top 8%
Sector rank · raised
Series B
Latest stage · inferred · Mon Nov 14 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Freight Farms, Inc. looks fair 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.

Fair
  • Modeled value is 1.00× the median modeled value of Series B Agtech / Foodtech companies in 2022–2024 (13 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
At-risk
  • Last raise 3.6 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

Freight Farms, Inc. is one of 481 Agtech / Foodtech companies tracked from BOSTON. By capital raised it ranks among the largest (ahead of 93% of sector peers), and among the largest 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
8
Investors (latest)
2022-11-14
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$50M$100M$150M$200MSeed · 2013-11-19 Raised $1.2M (real) Modeled valuation $15M (est)$1.2M$15MSeed2013Seed · 2014-12-12 Raised $3.7M (real) Modeled valuation $44M (est)$3.7M$44MSeed2014Series A · 2017-04-04 Raised $5.7M (real) Modeled valuation $56M (est)$5.7M$56MSeries A2017Series A · 2017-04-04 Raised $8.1M (real) Modeled valuation $79M (est)$8.1M$79MSeries A2017Series A · 2020-02-14 Raised $5.6M (real) Modeled valuation $55M (est)$5.6M$55MSeries A2020Series B · 2022-11-14 Raised $18M (real) Modeled valuation $123M (est)$18M$123MSeries B2022+$3.7M+$5.7M+$8.1M+$5.6M+$18MCumulative $42M

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$1.2M · 2013
Seed extension$3.7M · 2014
Series A$5.7M · 2017
Series A extension$8.1M · 2017
Series A extension$5.6M · 2020
Series B$17.7M · 2022

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: 75%.

Modeled valuation trajectory
$122.7M
Base estimate est.
$41.5M
Conservative case
$300.1M
Upside case
$98.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the agriculture sector profile. Directional, not a quoted figure.

Seed · modeled $14.5M · 2013-11-192013Seed · modeled $44.4M · 2014-12-12Series A · modeled $55.5M · 2017-04-04Series A · modeled $79.4M · 2017-04-04Series A · modeled $54.5M · 2020-02-14Series B · modeled $122.7M · 2022-11-142022
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.20×/yr
Annual markup
1.46×/yr upside case
3.6 yr
Elapsed time used
3.6 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
22 mo
Avg between rounds
$4.0M/yr
Capital velocity
12.6 yr
On record since
2013
First round
6
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) 11× above median
This company$36.2M
Sector median$3.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.9× of median
This company$17.7M
Sector median$19.4M
Modeled value — vs sector median (estimate, all stages) 10× above median
This company$122.7M
Sector median$12.2M

Raised more than 93% of sector peers (real $). Modeled value above 92% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #7 of 13.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Good Day Farm Louisiana, LLC · Series B Raised $54.0M · modeled $265.8M (est)Eclipse Foods Co · Series B Raised $32.2M · modeled $251.9M (est)MUSH Foods Inc. · Series B Raised $27.2M · modeled $166.5M (est)Partake Foods, Inc. · Series B Raised $28.3M · modeled $161.9M (est)Bond Pet Foods, Inc. · Series B Raised $18.6M · modeled $140.1M (est)Cloud Agronomics Inc. · Series B Raised $22.7M · modeled $138.4M (est)Systm Foods Inc. · Series B Raised $19.5M · modeled $93.9M (est)Cumulus Coffee Co · Series B Raised $33.1M · modeled $70.3M (est)AgroSpheres, Inc. · Series B Raised $34.9M · modeled $45.9M (est)Apollo Agriculture, Inc. · Series B Raised $52.0M · modeled $40.4M (est)Seattle Food Tech, Inc. · Series B Raised $35.6M · modeled $11.9M (est)Freight Farms, Inc. (this company) Raised $36.2M · modeled $122.7M (est)Freight Farms, Inc.
CompanyStageRaised · realValue · estvs peer med.
Good Day Farm Louisiana, LLCSeries B$54.0M$265.8M2.17×
Eclipse Foods CoSeries B$32.2M$251.9M2.05×
MUSH Foods Inc.Series B$27.2M$166.5M1.36×
Partake Foods, Inc.Series B$28.3M$161.9M1.32×
Bond Pet Foods, Inc.Series B$18.6M$140.1M1.14×
Cloud Agronomics Inc.Series B$22.7M$138.4M1.13×
Freight Farms, Inc. this companySeries B$36.2M$122.7M1.00×
Systm Foods Inc.Series B$19.5M$93.9M0.77×
Cumulus Coffee CoSeries B$33.1M$70.3M0.57×
AgroSpheres, Inc.Series B$34.9M$45.9M0.37×
Apollo Agriculture, Inc.Series B$52.0M$40.4M0.33×
Seattle Food Tech, Inc.Series B$35.6M$11.9M0.10×
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$1.2M2013-11-19$6.0M$14.5M85%
Seed$3.7M2014-12-12$18.4M$44.4M85%
Series A$5.7M2017-04-04$25.7M$55.5M90%
Series A$8.1M2017-04-04$36.8M$79.4M90%
Series A$5.6M2020-02-14$25.2M$54.5M90%
Series B$17.7M2022-11-14$98.1M$122.7M90%
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$1.2M2013-11-19
    • First recorded raise — entered as Seed.
    • 12 investors on this round.
  2. Seed$3.7M2014-12-12
    • Raised 13 mo later, in step with the ~14 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 9 investors on this round.
  3. Series A$5.7M2017-04-04
    • Raised again after 28 mo — slower than the ~14 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 13 investors on this round.
  4. Series A$8.1M2017-04-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 14 investors on this round.
  5. Series A$5.6M2020-02-14
    • Raised again after 34 mo — slower than the ~14 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  6. Series B$17.7M2022-11-14
    • Raised again after 33 mo — slower than the ~14 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
    • 8 investors on this round.
Intelligence
2024 ~Q3
Modeled next raise · ~22mo cadence
$53.0M
Modeled next size est.range $34.4M$84.7M
3.2×
Last step-up
$4.0M/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
Todd Dagres11 other2014-12
Jonathan Friedman2 other2013-11
Chris Papouras1 other2020-02
Reenie McCarthy1 other2013-11
Brad McNamara2013-11
Heather Onstott2017-04
Rick Vanzura2022-11
Steven Warren2017-04
Zach Morse2022-11
Registry & provenance

Freight Farms, 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
1592800
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
Seattle Food Tech, Inc.Agtech / FoodtechSeries B$35.6M$11.9Msame sector · same stage
AgroSpheres, Inc.Agtech / FoodtechSeries B$34.9M$45.9Msame sector · same stage
Cumulus Coffee CoAgtech / FoodtechSeries B$33.1M$70.3Msame sector · same stage
Mend Nutrition Inc.Agtech / FoodtechSeries B$39.7M$37.7Msame sector · same stage
Signpost, Inc.Other TechnologySeries B$35.4M$609.1Mnetwork1 shared operator · same stage
Nara Organics, Inc.Agtech / FoodtechSeries B$45.8M$62.4Msame sector · same stage
Partake Foods, Inc.Agtech / FoodtechSeries B$28.3M$161.9Msame sector · same stage
New Frontier Foods Inc.Agtech / FoodtechSeries B$27.7M$153.6Msame 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
Farm One, Inc.Agtech / FoodtechSeed$24.1M86%
D.D. Farms LLCAgtech / FoodtechPre-Seed$7.5M86%
Tractor Beverages, Inc.Food & BeverageSeries C$89.7M86%
Beckon Foods, Inc.Agtech / FoodtechSeed$11.7M86%
Sprout Foods, IncAgtech / FoodtechSeries B$269.4M85%
Kernel Foods, Inc.Agtech / FoodtechSeries B$122.0M85%
Greenberry Farms, LLCAgtech / FoodtechSeed$5.9M85%
Forward Food, Inc.Agtech / FoodtechSeed$3.1M85%
Frequently asked
How much funding has Freight Farms, Inc. raised?
Freight Farms, Inc. has raised approximately $36.2M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Freight Farms, Inc.'s estimated valuation?
Provath's modeled valuation for Freight Farms, Inc. is approximately $122.7M (modeled range $41.5M–$300.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Freight Farms, Inc. at?
Freight Farms, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Nov 14.
What does Freight Farms, Inc. do and where is it based?
Freight Farms, Inc. operates in the Agtech / Foodtech sector, based in BOSTON.
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