Diligence memo · auto-generated · as of July 3, 2026
Induction Food Systems, Inc.
Induction Food Systems, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Induction Food Systems, Inc. operates in Agtech / Foodtech, based in RALEIGH.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Induction Food Systems, Inc. has raised $620K in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $425K on 2020-02-05.
Most recent recorded round closed around 2020-02-05.
Valuation (modeled)modeled
Provath models Induction Food Systems, Inc. at approximately $6.4M (range $266K–$72M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.18× the median modeled value of Pre-Seed Agtech / Foodtech companies in 2019–2021 (44 peers) — value vs value, same stage and era. Within the normal band (118% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 20 months.
Last raise 6.4 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 2.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 38% of Agtech / Foodtech peers (481 compared).
Modeled value ranks above 47% of those peers.
Closest niche peers: Peekaboo Organics, LLC, Frozen Foods Partners, LLC, Commonwealth Farm 1761, Inc., Vanguard Farms International Inc, Georgie & Tom's Food Co. P.B.C..
Peoplefiled
2 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.