Companies · Agriculture

Iroquois Valley Farms LLC

EVANSTON · Agriculture

Diligence memoA one-page analyst read on Iroquois Valley Farms LLC — recommendation, valuation, rhythm, risks.
$36.3M
Total raised · real
9
Rounds
0.7×
Latest step-up
Top 9%
Sector rank · raised
Series B
Latest stage · inferred · Wed Dec 15 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Iroquois Valley Farms LLC 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 0.28× the median modeled value of Series B Agriculture companies in 2019–2021 (18 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.5 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Iroquois Valley Farms LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
15.3 yr record
Peak capital year was 2015 with $25.8M across 2 filings.
Market position
ahead of 92% of Agriculture peers
Capital scale is ahead of 92% of Agriculture peers; modeled value is above 82% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2015: $25.8M across 2 filings.
  • Largest single filing was $20.0M on 2015-07-01.
  • Filing rows sum to $95.6M, while canonical raised total is $36.3M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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

Iroquois Valley Farms LLC is one of 1056 Agriculture companies tracked from EVANSTON. By capital raised it ranks among the largest (ahead of 92% of sector peers), and in the upper tier 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(c)
Reg D exemption
35
Investors (latest)
2021-12-15
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$200MPre-Seed · 2011-03-22 Raised $550K (real) Modeled valuation $7.3M (est)Pre-Seed2011Seed · 2011-03-22 Raised $1.2M (real) Modeled valuation $13M (est)Seed · 2012-06-04 Raised $2.6M (real) Modeled valuation $28M (est)Seed2012Seed · 2012-06-04 Raised $1.2M (real) Modeled valuation $13M (est)Seed · 2014-05-05 Raised $2.4M (real) Modeled valuation $26M (est)Seed2014Series A · 2014-07-01 Raised $6.9M (real) Modeled valuation $60M (est)Series A · 2015-04-21 Raised $5.8M (real) Modeled valuation $51M (est)Series A2015Series B · 2015-07-01 Raised $20M (real) Modeled valuation $191M (est)Series B · 2017-07-01 Raised $5.0M (real) Modeled valuation $48M (est)Series B2017Series B · 2018-07-01 Raised $5.0M (real) Modeled valuation $48M (est)Series B · 2018-07-10 Raised $6.1M (real) Modeled valuation $58M (est)Series B2018Seed · 2018-07-10 Raised $1.9M (real) Modeled valuation $20M (est)Seed · 2018-07-10 Raised $1.9M (real) Modeled valuation $20M (est)Seed2018Seed · 2018-07-10 Raised $1.9M (real) Modeled valuation $20M (est)Series B · 2020-04-01 Raised $5.3M (real) Modeled valuation $51M (est)Series B2020Series B · 2020-07-01 Raised $10M (real) Modeled valuation $96M (est)Series B · 2021-07-02 Raised $1.2M (real) Modeled valuation $9.5M (est)Series B2021Series B · 2021-12-14 Raised $10M (real) Modeled valuation $75M (est)Series B · 2021-12-15 Raised $6.7M (real) Modeled valuation $51M (est)Series B2021Cumulative $96M

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$550K · 2011
Seed$1.2M · 2011
Seed extension$2.6M · 2012
Seed extension$1.2M · 2012
Seed extension$2.4M · 2014
Series A$6.9M · 2014
Series A extension$5.8M · 2015
Series B$20.0M · 2015
Series B extension$5.0M · 2017
Series B extension$5.0M · 2018
Series B extension$6.1M · 2018
Bridge · Series B-stage$1.9M · 2018smaller follow-on
Bridge · Series B-stage$1.9M · 2018smaller follow-on
Bridge · Series B-stage$1.9M · 2018smaller follow-on
Series B extension$5.3M · 2020
Series B extension$10.0M · 2020
Series B extension$1.2M · 2021
Series B extension$10.0M · 2021
Series B extension$6.7M · 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
$50.8M
Base estimate est.
$16.0M
Conservative case
$148.1M
Upside case
$37.4M
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.

Pre-Seed · modeled $7.3M · 2011-03-222011Seed · modeled $13.2M · 2011-03-22Seed · modeled $27.9M · 2012-06-04Seed · modeled $13.1M · 2012-06-04Seed · modeled $25.7M · 2014-05-05Series A · modeled $60.2M · 2014-07-01Series A · modeled $50.6M · 2015-04-21Series B · modeled $191.4M · 2015-07-01Series B · modeled $47.9M · 2017-07-01Series B · modeled $47.9M · 2018-07-01Series B · modeled $58.4M · 2018-07-10Seed · modeled $19.9M · 2018-07-10Seed · modeled $19.9M · 2018-07-10Seed · modeled $19.9M · 2018-07-10Series B · modeled $50.7M · 2020-04-01Series B · modeled $95.7M · 2020-07-01Series B · modeled $9.5M · 2021-07-02Series B · modeled $75.5M · 2021-12-14Series B · modeled $50.8M · 2021-12-152021
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 79% high
1.18×/yr
Annual markup
1.43×/yr upside case
4.5 yr
Elapsed time used
4.5 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$3.4M/yr
Capital velocity
15.3 yr
On record since
2011
First round
19
Rounds on file
How it compares to the market

Benchmarked against 1056 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) 16× above median
This company$36.3M
Sector median$2.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.4× of median
This company$6.7M
Sector median$17.4M
Modeled value — vs sector median (estimate, all stages) 4.3× above median
This company$50.8M
Sector median$11.9M

Raised more than 92% of sector peers (real $). Modeled value above 82% 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 #16 of 18.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)FIG MariCap White Buffalo, LLC · Series B Raised $35.0M · modeled $335.0M (est)MariCap White Buffalo AI, LLC · Series B Raised $35.0M · modeled $335.0M (est)Bluhen Botanicals LLC · Series B Raised $34.6M · modeled $287.7M (est)MariCap White Buffalo QP, LLC · Series B Raised $30.0M · modeled $287.1M (est)Chemlock Holdings LLC · Series B Raised $33.3M · modeled $272.4M (est)Integrated CBD LLC · Series B Raised $38.2M · modeled $237.7M (est)Anchor Ingredients Co., LLC · Series B Raised $30.8M · modeled $231.2M (est)NAF Investors, LLC · Series B Raised $20.8M · modeled $199.3M (est)Advanced Green Holdings, Inc. · Series B Raised $20.1M · modeled $191.4M (est)Patton Farms, Inc · Series B Raised $18.1M · modeled $173.5M (est)Scotts Miracle-Gro Co · Series B Raised $56.9M · modeled $161.1M (est)NW Straw Pulp LLC · Series B Raised $30.1M · modeled $150.6M (est)Iroquois Valley Farms LLC (this company) Raised $36.3M · modeled $50.8M (est)Iroquois Valley Farms LLC
CompanyStageRaised · realValue · estvs peer med.
FIG MariCap White Buffalo, LLCSeries B$35.0M$335.0M1.84×
MariCap White Buffalo AI, LLCSeries B$35.0M$335.0M1.84×
Bluhen Botanicals LLCSeries B$34.6M$287.7M1.58×
MariCap White Buffalo QP, LLCSeries B$30.0M$287.1M1.57×
Chemlock Holdings LLCSeries B$33.3M$272.4M1.49×
Integrated CBD LLCSeries B$38.2M$237.7M1.30×
Anchor Ingredients Co., LLCSeries B$30.8M$231.2M1.27×
NAF Investors, LLCSeries B$20.8M$199.3M1.09×
Advanced Green Holdings, Inc.Series B$20.1M$191.4M1.05×
Patton Farms, IncSeries B$18.1M$173.5M0.95×
Scotts Miracle-Gro CoSeries B$56.9M$161.1M0.88×
NW Straw Pulp LLCSeries B$30.1M$150.6M0.83×
Iroquois Valley Farms LLC this companySeries B$36.3M$50.8M0.28×
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$550K2011-03-22$3.1M$7.3M85%
Seed$1.2M2011-03-22$6.2M$13.2M85%
Seed$2.6M2012-06-04$13.0M$27.9M85%
Seed$1.2M2012-06-04$6.1M$13.1M85%
Seed$2.4M2014-05-05$12.0M$25.7M85%
Series A$6.9M2014-07-01$31.4M$60.2M85%
Series A$5.8M2015-04-21$26.4M$50.6M85%
Series B$20.0M2015-07-01$111.1M$191.4M85%
Series B$5.0M2017-07-01$27.8M$47.9M90%
Series B$5.0M2018-07-01$27.8M$47.9M90%
Series B$6.1M2018-07-10$33.9M$58.4M90%
Seed$1.9M2018-07-10$9.3M$19.9M90%
Seed$1.9M2018-07-10$9.3M$19.9M90%
Seed$1.9M2018-07-10$9.3M$19.9M90%
Series B$5.3M2020-04-01$29.4M$50.7M90%
Series B$10.0M2020-07-01$55.6M$95.7M90%
Series B$1.2M2021-07-02$6.5M$9.5M90%
Series B$10.0M2021-12-14$55.6M$75.5M90%
Series B$6.7M2021-12-15$37.4M$50.8M90%
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$550K2011-03-22
    • First recorded raise — entered as Pre-Seed.
    • 12 investors on this round.
  2. Seed$1.2M2011-03-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.2× larger than the prior — scaling up.
    • 25 investors on this round.
  3. Seed$2.6M2012-06-04
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 48 investors on this round.
  4. Seed$1.2M2012-06-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 18 investors on this round.
  5. Seed$2.4M2014-05-05
    • Raised again after 23 mo — slower than the ~11 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • Switched to Rule 506(c) (was Rule 06).
    • 33 investors on this round.
  6. Series A$6.9M2014-07-01
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 2.9× larger than the prior — scaling up.
  7. Series A$5.8M2015-04-21
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 66 investors on this round.
  8. Series B$20.0M2015-07-01
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 3.4× larger than the prior — scaling up.
  9. Series B$5.0M2017-07-01
    • Raised again after 24 mo — slower than the ~11 mo sector norm.
    • Round 4.0× smaller than the prior — bridge or down round.
  10. Series B$5.0M2018-07-01
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
  11. Series B$6.1M2018-07-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 55 investors on this round.
  12. Seed$1.9M2018-07-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.3× smaller than the prior — bridge or down round.
    • 23 investors on this round.
  13. Seed$1.9M2018-07-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 23 investors on this round.
  14. Seed$1.9M2018-07-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 23 investors on this round.
  15. Series B$5.3M2020-04-01
    • Raised again after 21 mo — slower than the ~11 mo sector norm.
    • Round 2.9× larger than the prior — scaling up.
    • 60 investors on this round.
  16. Series B$10.0M2020-07-01
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
  17. Series B$1.2M2021-07-02
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 8.5× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 13 investors on this round.
  18. Series B$10.0M2021-12-14
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 8.5× larger than the prior — scaling up.
    • Switched to Rule 506(c) (was Rule 506(b)).
  19. Series B$6.7M2021-12-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 35 investors on this round.
Intelligence
2022 ~Q3
Modeled next raise · ~7mo cadence
$6.7M
Modeled next size est.range $6.7M$10.8M
0.7×
Last step-up
$3.4M/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
David Miller28 other2012-06
David Taylor4 other2012-06
David E. Miller2 other2017-07
Tom Perry2 other2014-05
John Emrich1 other2012-06
Andy Ambriole2021-12
Andy P Ambriole2014-05
Andy P Loving2014-05
Andy W Ambriole2017-07
Andy W Loving2017-07
Anna E Jones-Crabtree2021-12
Arnold Lau2012-06
Arnold P Lau2014-05
Arnold W Lau2017-07
Capital J Working Farms2011-03
Christopher E Zuehlsdorff2021-12
Claire E Mesesan2021-12
COLEEN W REEDY2017-07
David J Miller2011-03
David W Taylor2011-03
Donna E Holmes2021-12
Dorothy D. Burlin2018-07
Dorothy W Burlin2021-12
Harold W Wilken2017-07
Registry & provenance

Iroquois Valley Farms LLC 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
1516957
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.

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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
Grapeman Farm Holdings, LLCAgriculturePre-Seed$5.2M84%
Valliente Orchard LLCAgricultureSeed$35.3M83%
Edison Agrosciences, Inc.AgriculturePre-Seed$1.9M82%
Apple Valley Pork, LLPAgricultureSeed$19.0M82%
Perus Wine Company, LLCAgricultureSeed$17.7M82%
PA Cultivation Group, LLCAgricultureSeries B$172.3M82%
Paradise Valley Farms LLCAgriculturePre-Seed$1.3M82%
Shenandoah Valley Organic, LLCAgricultureSeries B$32.0M82%
Frequently asked
How much funding has Iroquois Valley Farms LLC raised?
Iroquois Valley Farms LLC has raised approximately $36.3M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Iroquois Valley Farms LLC's estimated valuation?
Provath's modeled valuation for Iroquois Valley Farms LLC is approximately $50.8M (modeled range $16.0M–$148.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Iroquois Valley Farms LLC at?
Iroquois Valley Farms LLC's latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Dec 15.
What does Iroquois Valley Farms LLC do and where is it based?
Iroquois Valley Farms LLC operates in the Agriculture sector, based in EVANSTON.
Explore related

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