Diligence memo · auto-generated · as of July 2, 2026
Local Bounti Corporation/DE
Local Bounti Corporation/DE looks over-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Local Bounti Corporation/DE operates in Agriculture, based in HAMILTON.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Local Bounti Corporation/DE has raised $40M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $25M on 2025-03-31.
Most recent recorded round closed around 2025-03-31.
Valuation (modeled)modeled
Provath models Local Bounti Corporation/DE at approximately $110M (range $59M–$171M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 29 months.
Last raise 15 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
The last round stepped up 1.6× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 93% of Agriculture peers (1056 compared).
Modeled value ranks above 89% of those peers.
Closest niche peers: California Reserve Flower, LLC, Select Milk Producers, Inc., VM Agritech Inc., Ascribe Bioscience Inc., M.N. Technology LLC.
Peoplefiled
16 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.