Companies · Agriculture

Local Bounti Corporation/DE

HAMILTON · Agriculture

Diligence memoA one-page analyst read on Local Bounti Corporation/DE — recommendation, valuation, rhythm, risks.
$40.3M
Total raised · real
2
Rounds
1.6×
Latest step-up
Top 8%
Sector rank · raised
Series B
Latest stage · inferred · Mon Mar 31 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Local Bounti Corporation/DE looks over-valued against its niche peers and is quiet 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 1.81× the median modeled value of Series B Agriculture companies in 2025–2027 (9 peers) — value vs value, same stage and era.
Quiet
  • Last raise 15 mo ago; this sector typically re-raises about every 11 months.
  • Slightly overdue versus sector 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

Local Bounti Corporation/DE is one of 1056 Agriculture companies tracked from HAMILTON. By capital raised it ranks among the largest (ahead of 93% 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(b)
Reg D exemption
2
Investors (latest)
2021
Year incorporated
2025-03-31
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$200MSeries B · 2022-10-21 Raised $15M (real) Modeled valuation $100M (est)$15M$100MSeries B2022Series B · 2025-03-31 Raised $25M (real) Modeled valuation $110M (est)$25M$110MSeries B2025+$25MCumulative $40M

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
Series B$15.3M · 2022
Series B extension$25.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$110.1M
Base estimate est.
$59.4M
Conservative case
$170.9M
Upside case
$138.9M
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.

Series B · modeled $100.5M · 2022-10-212022Series B · modeled $110.1M · 2025-03-312025
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
1.3 yr
Elapsed time used
1.3 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
29 mo
Avg between rounds
$16.5M/yr
Capital velocity
3.7 yr
On record since
2022
First round
2
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) 18× above median
This company$40.3M
Sector median$2.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.4× above median
This company$25.0M
Sector median$17.4M
Modeled value — vs sector median (estimate, all stages) 9.3× above median
This company$110.1M
Sector median$11.9M

Raised more than 93% of sector peers (real $). Modeled value above 89% 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 #3 of 9.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)California Reserve Flower, LLC · Series B Raised $30.0M · modeled $131.3M (est)Select Milk Producers, Inc. · Series B Raised $67.0M · modeled $126.8M (est)VM Agritech Inc. · Series B Raised $36.1M · modeled $70.1M (est)Ascribe Bioscience Inc. · Series B Raised $22.9M · modeled $60.7M (est)M.N. Technology LLC · Series B Raised $30.8M · modeled $57.7M (est)Shenandoah Valley Organic, LLC · Series B Raised $83.1M · modeled $32.0M (est)Green Coffee Co Holdings, LLC · Series B Raised $61.3M · modeled $27.5M (est)Plant Path Inc. · Series B Raised $27.7M · modeled $13.9M (est)Local Bounti Corporation/DE (this company) Raised $40.3M · modeled $110.1M (est)Local Bounti Corporation/DE
CompanyStageRaised · realValue · estvs peer med.
California Reserve Flower, LLCSeries B$30.0M$131.3M2.16×
Select Milk Producers, Inc.Series B$67.0M$126.8M2.09×
Local Bounti Corporation/DE this companySeries B$40.3M$110.1M1.81×
VM Agritech Inc.Series B$36.1M$70.1M1.15×
Ascribe Bioscience Inc.Series B$22.9M$60.7M1.00×
M.N. Technology LLCSeries B$30.8M$57.7M0.95×
Shenandoah Valley Organic, LLCSeries B$83.1M$32.0M0.53×
Green Coffee Co Holdings, LLCSeries B$61.3M$27.5M0.45×
Plant Path Inc.Series B$27.7M$13.9M0.23×
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.
Series B$15.3M2022-10-21$85.0M$100.5M90%
Series B$25.0M2025-03-31$138.9M$110.1M90%
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. Series B$15.3M2022-10-21
    • First recorded raise — entered as Series B.
    • 18 investors on this round.
  2. Series B$25.0M2025-03-31
    • Raised again after 29 mo — slower than the ~11 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 2 investors on this round.
Intelligence
2027 ~Q3
Modeled next raise · ~29mo cadence
$40.8M
Modeled next size est.range $26.6M$65.4M
1.6×
Last step-up
$16.5M/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
Craig M. Hurlbert1 other2022-10
Travis M. Joyner1 other2022-10
B. David C. Vosburg2022-10
Brian M. Cook2022-10
Charles R. Schwab, Jr.2025-03
Edward C. Forst2022-10
Gary C. Hilberg2022-10
Kathleen M. Valiasek2022-10
Margaret C. McCandless2022-10
Margaret J. McCandless2025-03
Mark J. Nelson2022-10
Mark M. McKinney2022-10
Matthew C. Nordby2022-10
Matthew J. Nordby2025-03
Michael J. Molnar2025-03
Pamela J. Brewster2022-10
Registry & provenance

Local Bounti Corporation/DE 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
1840780
SEC CIK
2021
Incorporated
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
Applied LifeSciences & Systems Poultry, Inc.AgricultureSeries B$40.4M$196.6Msame sector · same stage
Sustainable Farm Partners, LLPAgricultureSeries B$40.0M$143.6Msame sector · same stage
AmplifiedAg, Inc.AgricultureSeries B$40.9M$70.2Msame sector · same stage
Cellfor Inc.AgricultureSeries B$38.6M$38.4Msame sector · same stage
Advanced Animal Diagnostics IncAgricultureSeries B$44.0M$28.2Msame sector · same stage
CoverCress Inc.AgricultureSeries B$36.7M$184.9Msame sector · same stage
Lowell Farms Inc.AgricultureSeries B$36.4M$44.3Msame sector · same stage
Iroquois Valley Farms LLCAgricultureSeries B$36.3M$50.8Msame 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
Local Bounti CorpAgricultureSeed$34.3M95%
Aquabounty Technologies IncAgricultureSeries A$11.0M77%
Local Urban Vegetables, Inc.AgricultureSeed$18.4M77%
Midwestern BioAg, Inc.AgricultureSeries B$143.6M76%
Jubel, LLCAgriculturePre-Seed$6.7M76%
FZero Companies Inc.AgriculturePre-Seed$216K76%
SI Holdings MI, Inc.AgriculturePre-Seed$7.0M76%
NoBo, Inc.AgricultureSeries A$43.6M76%
Frequently asked
How much funding has Local Bounti Corporation/DE raised?
Local Bounti Corporation/DE has raised approximately $40.3M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Local Bounti Corporation/DE's estimated valuation?
Provath's modeled valuation for Local Bounti Corporation/DE is approximately $110.1M (modeled range $59.4M–$170.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Local Bounti Corporation/DE at?
Local Bounti Corporation/DE's latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Mar 31.
What does Local Bounti Corporation/DE do and where is it based?
Local Bounti Corporation/DE operates in the Agriculture sector, based in HAMILTON.
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