Companies · Agriculture

Lepidext, Inc.

LEXINGTON · Agriculture

Diligence memoA one-page analyst read on Lepidext, Inc. — recommendation, valuation, rhythm, risks.
$1.2M
Total raised · real
2
Rounds
3.5×
Latest step-up
Top 62%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Mon Mar 21 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Lepidext, Inc. looks over-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.

Over-valued
  • Modeled value is 2.73× the median modeled value of Pre-Seed Agriculture companies in 2022–2024 (67 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.3 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

Lepidext, Inc. is one of 1056 Agriculture companies tracked from LEXINGTON. By capital raised it ranks in the long tail (ahead of 39% 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
Rule 506(b)
Reg D exemption
5
Investors (latest)
2022-03-21
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$2.5M$5.0M$7.5M$10MPre-Seed · 2020-05-04 Raised $535K (real) Modeled valuation $7.1M (est)$535K$7.1MPre-Seed2020Pre-Seed · 2022-03-21 Raised $200K (real) Modeled valuation $1.4M (est)$200K$1.4MPre-Seed2022Pre-Seed · 2022-03-21 Raised $700K (real) Modeled valuation $5.1M (est)$700K$5.1MPre-Seed2022+$200K+$700KCumulative $1.4M

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$535K · 2020
Pre-Seed extension$200K · 2022
Pre-Seed extension$700K · 2022

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

Modeled valuation trajectory
$5.1M
Base estimate est.
$443K
Conservative case
$34.1M
Upside case
$3.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the agriculture sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $7.1M · 2020-05-042020Pre-Seed · modeled $1.4M · 2022-03-21Pre-Seed · modeled $5.1M · 2022-03-212022
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.43×/yr
Annual markup
1.93×/yr upside case
4.3 yr
Elapsed time used
4.3 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$658K/yr
Capital velocity
6.2 yr
On record since
2020
First round
3
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) 0.6× of median
This company$1.2M
Sector median$2.2M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.9× above median
This company$700K
Sector median$374K
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$5.1M
Sector median$11.9M

Raised more than 39% of sector peers (real $). Modeled value above 31% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #8 of 67.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Vertical Malt, Inc. · Pre-Seed Raised $1.0M · modeled $7.3M (est)Wellfish Diagnostics Ltd · Pre-Seed Raised $736K · modeled $5.6M (est)Pacific Hybreed, Inc. · Pre-Seed Raised $2.1M · modeled $5.2M (est)Grapeman Farm Holdings, LLC · Pre-Seed Raised $1.0M · modeled $5.2M (est)Belstra Group Farms, LLC · Pre-Seed Raised $769K · modeled $5.2M (est)Canopii Inc. · Pre-Seed Raised $742K · modeled $5.1M (est)X-C, Llc · Pre-Seed Raised $799K · modeled $5.1M (est)Greencare Collective LLC · Pre-Seed Raised $650K · modeled $4.8M (est)Cipresso International, Inc. · Pre-Seed Raised $905K · modeled $4.7M (est)Greenfield Bamboo Investments Llc · Pre-Seed Raised $1.0M · modeled $4.2M (est)XYZ CBD Group, Inc · Pre-Seed Raised $1.6M · modeled $4.0M (est)Lepidext, Inc. (this company) Raised $1.2M · modeled $5.1M (est)Lepidext, Inc.
CompanyStageRaised · realValue · estvs peer med.
Vertical Malt, Inc.Pre-Seed$1.0M$7.3M3.93×
Wellfish Diagnostics LtdPre-Seed$736K$5.6M3.03×
Pacific Hybreed, Inc.Pre-Seed$2.1M$5.2M2.81×
Grapeman Farm Holdings, LLCPre-Seed$1.0M$5.2M2.78×
Belstra Group Farms, LLCPre-Seed$769K$5.2M2.78×
Canopii Inc.Pre-Seed$742K$5.1M2.76×
X-C, LlcPre-Seed$799K$5.1M2.74×
Lepidext, Inc. this companyPre-Seed$1.2M$5.1M2.73×
Greencare Collective LLCPre-Seed$650K$4.8M2.60×
Cipresso International, Inc.Pre-Seed$905K$4.7M2.53×
Greenfield Bamboo Investments LlcPre-Seed$1.0M$4.2M2.24×
XYZ CBD Group, IncPre-Seed$1.6M$4.0M2.15×
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$535K2020-05-04$3.0M$7.1M90%
Pre-Seed$200K2022-03-21$1.1M$1.4M90%
Pre-Seed$700K2022-03-21$3.9M$5.1M90%
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$535K2020-05-04
    • First recorded raise — entered as Pre-Seed.
    • 9 investors on this round.
  2. Pre-Seed$200K2022-03-21
    • Raised again after 23 mo — slower than the ~11 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  3. Pre-Seed$700K2022-03-21
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.5× larger than the prior — scaling up.
    • 5 investors on this round.
Intelligence
2023 ~Q1
Modeled next raise · ~11mo cadence
$2.1M
Modeled next size est.range $1.4M$3.4M
3.5×
Last step-up
$658K/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
Angelika Fath-Goodin2022-03
Angelika P Fath-Goodin2020-05
Bruce Webb2020-05
Gary Cullen2022-03
Gary P Cullen2020-05
Paul Mulhollem2022-03
Paul P Mulhollem2020-05
Registry & provenance

Lepidext, 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
1812431
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
Vital Herd, Inc.AgriculturePre-Seed$1.3M$6.7Msame sector · same stage
Abbot's Butcher, Inc.AgriculturePre-Seed$1.1M$6.3Msame sector · same stage
Edison Agrosciences, Inc.AgriculturePre-Seed$1.1M$1.9Msame sector · same stage
Glacial Farms LLCAgriculturePre-Seed$1.1M$2.8Msame sector · same stage
Agricultural Gas CoAgriculturePre-Seed$1.1M$5.3Msame sector · same stage
Technical Provisions, LLCAgriculturePre-Seed$1.1M$5.8Msame sector · same stage
Ichor Microbial Solutions, Inc.AgriculturePre-Seed$1.1M$1.7Msame sector · same stage
Harpe Holdings, Inc.AgriculturePre-Seed$1.5M$2.3Msame 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
Agrometrics, Inc.AgriculturePre-Seed$6.7M83%
Calyxt, Inc.AgricultureSeries C$469.0M83%
Cipresso International, Inc.AgriculturePre-Seed$4.7M82%
BastCore, Inc.AgricultureSeed$26.1M82%
Vrtkl, Inc.AgricultureSeed$5.5M82%
Sempera Organics, Inc.AgricultureSeed$9.2M81%
Midwestern BioAg, Inc.AgricultureSeries B$143.6M81%
Patton Farms, IncAgricultureSeries B$173.5M81%
Frequently asked
How much funding has Lepidext, Inc. raised?
Lepidext, Inc. has raised approximately $1.2M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Lepidext, Inc.'s estimated valuation?
Provath's modeled valuation for Lepidext, Inc. is approximately $5.1M (modeled range $443K–$34.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Lepidext, Inc. at?
Lepidext, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Mon Mar 21.
What does Lepidext, Inc. do and where is it based?
Lepidext, Inc. operates in the Agriculture sector, based in LEXINGTON.
Explore related

See where Lepidext, 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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