Companies · Agriculture

HerdX, Inc.

BOERNE · Agriculture

Diligence memoA one-page analyst read on HerdX, Inc. — recommendation, valuation, rhythm, risks.
$13.6M
Total raised · real
6
Rounds
3.0×
Latest step-up
Top 19%
Sector rank · raised
Series A
Latest stage · inferred · Thu Aug 12 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

HerdX, Inc. looks under-valued against its niche peers and is dormant 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.

Under-valued
  • Modeled value is 0.05× the median modeled value of Series A Agriculture companies in 2019–2021 (49 peers) — value vs value, same stage and era.
  • Issuer reports $0–$1M revenue while modeled below niche peers.
Dormant
  • Last raise 4.9 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
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 Agriculture

HerdX, Inc. is one of 1055 Agriculture companies tracked from BOERNE. By capital raised it ranks in the upper tier (ahead of 82% of sector peers), and in the long tail 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
$0–$1M
Issuer revenue
Rule 506(b)
Reg D exemption
1
Investors (latest)
2021-08-12
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$25M$50M$75M$100MPre-Seed · 2011-05-26 Raised $250K (real) Modeled valuation $3.3M (est)Pre-Seed2011Seed · 2015-10-23 Raised $2.0M (real) Modeled valuation $22M (est)Seed2015Pre-Seed · 2015-10-23 Raised $980K (real) Modeled valuation $13M (est)Pre-Seed2015Series A · 2018-10-15 Raised $5.0M (real) Modeled valuation $44M (est)Series A2018Series A · 2019-03-29 Raised $5.9M (real) Modeled valuation $51M (est)Series A2019Series A · 2021-07-12 Raised $100K (real) Modeled valuation $697K (est)Series A2021Series A · 2021-08-12 Raised $300K (real) Modeled valuation $2.1M (est)Series A2021+$2.0M+$980K+$5.0M+$5.9M+$100K+$300KCumulative $15M

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
Pre-Seed$250K · 2011
Seed$2.0M · 2015
Bridge · Seed-stage$980K · 2015smaller follow-on
Series A$5.0M · 2018
Series A extension$5.9M · 2019
Series A extension$100K · 2021
Series A extension$300K · 2021

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$2.1M
Base estimate est.
$389K
Conservative case
$8.6M
Upside case
$1.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the agriculture sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $3.3M · 2011-05-262011Seed · modeled $21.8M · 2015-10-23Pre-Seed · modeled $13.0M · 2015-10-23Series A · modeled $43.6M · 2018-10-15Series A · modeled $51.4M · 2019-03-29Series A · modeled $697K · 2021-07-12Series A · modeled $2.1M · 2021-08-122021
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.24×/yr
Annual markup
1.56×/yr upside case
4.9 yr
Elapsed time used
4.9 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
20 mo
Avg between rounds
$1.3M/yr
Capital velocity
15.1 yr
On record since
2011
First round
7
Rounds on file
How it compares to the market

Benchmarked against 1055 companies in Agriculture. 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) 6.2× above median
This company$13.6M
Sector median$2.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$300K
Sector median$5.9M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$2.1M
Sector median$11.9M

Raised more than 82% of sector peers (real $). Modeled value above 16% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #48 of 49.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)CEA Fresh Farms LLC · Series A Raised $13.9M · modeled $121.3M (est)Bioceres Crop Solutions Corp. · Series A Raised $15.0M · modeled $120.7M (est)VitaNova Colorado LLC · Series A Raised $13.1M · modeled $114.4M (est)Klocke Estate Holdings, LLC · Series A Raised $12.6M · modeled $109.4M (est)Landscape Partners, L.P. · Series A Raised $12.5M · modeled $106.4M (est)Vitanova Llc · Series A Raised $10.0M · modeled $87.2M (est)Eden Food International Inc. · Series A Raised $13.0M · modeled $85.0M (est)Ceres Global Ag Corp. · Series A Raised $9.6M · modeled $83.6M (est)Crabgrass LLC · Series A Raised $9.0M · modeled $78.4M (est)AmHemp Kentucky LLC · Series A Raised $8.7M · modeled $76.1M (est)Skillicorn Anderson Associates International Ltd · Series A Raised $9.5M · modeled $74.7M (est)Taylor Farms Retail, Inc. · Series A Raised $8.9M · modeled $65.7M (est)HerdX, Inc. (this company) Raised $13.6M · modeled $2.1M (est)HerdX, Inc.
CompanyStageRaised · realValue · estvs peer med.
CEA Fresh Farms LLCSeries A$13.9M$121.3M2.78×
Bioceres Crop Solutions Corp.Series A$15.0M$120.7M2.77×
VitaNova Colorado LLCSeries A$13.1M$114.4M2.62×
Klocke Estate Holdings, LLCSeries A$12.6M$109.4M2.51×
Landscape Partners, L.P.Series A$12.5M$106.4M2.44×
Vitanova LlcSeries A$10.0M$87.2M2.00×
Eden Food International Inc.Series A$13.0M$85.0M1.95×
Ceres Global Ag Corp.Series A$9.6M$83.6M1.92×
Crabgrass LLCSeries A$9.0M$78.4M1.80×
AmHemp Kentucky LLCSeries A$8.7M$76.1M1.75×
Skillicorn Anderson Associates International LtdSeries A$9.5M$74.7M1.71×
Taylor Farms Retail, Inc.Series A$8.9M$65.7M1.51×
HerdX, Inc. this companySeries A$13.6M$2.1M0.05×
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.
Pre-Seed$250K2011-05-26$1.4M$3.3M85%
Seed$2.0M2015-10-23$10.2M$21.8M85%
Pre-Seed$980K2015-10-23$5.4M$13.0M85%
Series A$5.0M2018-10-15$22.7M$43.6M90%
Series A$5.9M2019-03-29$26.8M$51.4M90%
Series A$100K2021-07-12$455K$697K90%
Series A$300K2021-08-12$1.4M$2.1M90%
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. Pre-Seed$250K2011-05-26
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Seed$2.0M2015-10-23
    • Raised again after 53 mo — slower than the ~11 mo sector norm.
    • Round 8.2× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 2 investors on this round.
  3. Pre-Seed$980K2015-10-23
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Series A$5.0M2018-10-15
    • Raised again after 36 mo — slower than the ~11 mo sector norm.
    • Round 5.1× larger than the prior — scaling up.
    • 29 investors on this round.
  5. Series A$5.9M2019-03-29
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  6. Series A$100K2021-07-12
    • Raised again after 27 mo — slower than the ~11 mo sector norm.
    • Round 59.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  7. Series A$300K2021-08-12
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2023 ~Q2
Modeled next raise · ~20mo cadence
$900K
Modeled next size est.range $585K$1.4M
3.0×
Last step-up
$1.3M/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
Mark Bode1 other2018-10
Angel Poorman2021-07
Bode Mark2019-03
Burroughs Ken2019-03
Cecelia McMurrey2021-07
Cecilia McMurrey2011-05
Hicks Ron2019-03
Ken Burroughs2015-10
Kenneth Burroughs2021-07
McMurrey Cecilia2019-03
Poorman Angel2019-03
Ronald Hicks2015-10
Ron Hicks2011-05
Sarah Harkelroad2018-10
Toni Miller2021-07
Registry & provenance

HerdX, 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
1522041
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
Carrick-Harvest, LLCAgricultureSeries A$13.6M$5.7Msame sector · same stage
Green & Grow, Inc.AgricultureSeries A$13.7M$2.8Msame sector · same stage
Driptech IncAgricultureSeries A$12.1M$2.0Msame sector · same stage
Golden Waves Grain, LLCAgricultureSeries A$11.6M$3.2Msame sector · same stage
San Felasco Nurseries, Inc.AgricultureSeries A$10.8M$5.2Msame sector · same stage
Breedr Holdings Inc.AgricultureSeries A$10.2M$5.2Msame sector · same stage
Integrated Cannabis Company, Inc.AgricultureSeries A$9.2M$799Ksame sector · same stage
Greenswell Growers, Inc.AgricultureSeries A$20.3M$620Ksame 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
AGRITX, Inc.AgricultureSeed$5.1M88%
CHONEX, Inc.AgricultureSeries A$11.8M86%
FarmaceuticalRx, LLCAgricultureSeed$21.4M85%
Rx Green Solutions LLCAgricultureSeries A$46.2M84%
AquaOrganix CorpAgriculturePre-Seed$330K83%
Harpe Holdings, Inc.AgriculturePre-Seed$2.3M83%
PastureMap Inc.AgricultureSeed$16.4M82%
Black Sheep Foods Inc.AgricultureSeed$27.3M82%
Frequently asked
How much funding has HerdX, Inc. raised?
HerdX, Inc. has raised approximately $13.6M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is HerdX, Inc.'s estimated valuation?
Provath's modeled valuation for HerdX, Inc. is approximately $2.1M (modeled range $389K–$8.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is HerdX, Inc. at?
HerdX, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Aug 12.
What does HerdX, Inc. do and where is it based?
HerdX, Inc. operates in the Agriculture sector, based in BOERNE.
Explore related

See where HerdX, 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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