Companies · Agtech / Foodtech

Mend Nutrition Inc.

Long Island City · Agtech / Foodtech · refined from filed group “Other

Diligence memoA one-page analyst read on Mend Nutrition Inc. — recommendation, valuation, rhythm, risks.
$39.7M
Total raised · real
7
Rounds
2.5×
Latest step-up
Top 7%
Sector rank · raised
Series B
Latest stage · inferred · Thu Feb 05 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Mend Nutrition Inc. looks under-valued against its niche peers and is active 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 0.57× the median modeled value of Series B Agtech / Foodtech companies in 2025–2027 (6 peers) — value vs value, same stage and era.
Active
  • Last raise 5 mo ago; this sector typically re-raises about every 14 months.
  • Raising on or ahead of the sector's normal rhythm.
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 Agtech / Foodtech

Mend Nutrition Inc. is one of 481 Agtech / Foodtech companies tracked from Long Island City. By capital raised it ranks among the largest (ahead of 94% 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
18
Investors (latest)
2026-02-05
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 · 2018-12-09 Raised $745K (real) Modeled valuation $11M (est)Pre-Seed2018Pre-Seed · 2018-12-09 Raised $630K (real) Modeled valuation $9.4M (est)Pre-Seed2018Pre-Seed · 2018-12-09 Raised $630K (real) Modeled valuation $9.4M (est)Pre-Seed2018Series A · 2020-12-16 Raised $5.0M (real) Modeled valuation $44M (est)Series A2020Series A · 2022-01-29 Raised $3.0M (real) Modeled valuation $20M (est)Series A2022Series A · 2023-04-24 Raised $10M (real) Modeled valuation $53M (est)Series A2023Series B · 2023-04-24 Raised $17M (real) Modeled valuation $106M (est)Series B2023Seed · 2025-06-11 Raised $1.5M (real) Modeled valuation $3.9M (est)Seed2025Seed · 2025-06-11 Raised $2.0M (real) Modeled valuation $5.2M (est)Seed2025Seed · 2025-06-11 Raised $2.6M (real) Modeled valuation $6.8M (est)Seed2025Series B · 2025-06-11 Raised $3.9M (real) Modeled valuation $17M (est)Series B2025Series B · 2026-02-05 Raised $9.9M (real) Modeled valuation $38M (est)Series B2026Cumulative $57M

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$745K · 2018
Pre-Seed extension$630K · 2018
Pre-Seed extension$630K · 2018
Series A$5.0M · 2020no Seed on file
Series A extension$3.0M · 2022
Series A extension$10.5M · 2023
Series B$16.5M · 2023
Bridge · Series B-stage$1.5M · 2025smaller follow-on
Bridge · Series B-stage$2.0M · 2025smaller follow-on
Bridge · Series B-stage$2.6M · 2025smaller follow-on
Series B extension$3.9M · 2025
Series B extension$9.9M · 2026

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

Modeled valuation trajectory
$37.7M
Base estimate est.
$23.2M
Conservative case
$49.7M
Upside case
$54.8M
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 $11.2M · 2018-12-092018Pre-Seed · modeled $9.4M · 2018-12-09Pre-Seed · modeled $9.4M · 2018-12-09Series A · modeled $44.0M · 2020-12-16Series A · modeled $20.2M · 2022-01-29Series A · modeled $52.5M · 2023-04-24Series B · modeled $105.9M · 2023-04-24Seed · modeled $3.9M · 2025-06-11Seed · modeled $5.2M · 2025-06-11Seed · modeled $6.8M · 2025-06-11Series B · modeled $17.0M · 2025-06-11Series B · modeled $37.7M · 2026-02-052026
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.20×/yr
Annual markup
1.46×/yr upside case
0.4 yr
Elapsed time used
0.4 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$5.5M/yr
Capital velocity
7.6 yr
On record since
2018
First round
12
Rounds on file
How it compares to the market

Benchmarked against 481 companies in Agtech / Foodtech. 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) 12× above median
This company$39.7M
Sector median$3.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.5× of median
This company$9.9M
Sector median$19.4M
Modeled value — vs sector median (estimate, all stages) 3.1× above median
This company$37.7M
Sector median$12.2M

Raised more than 94% of sector peers (real $). Modeled value above 78% 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 #5 of 6.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Agrify Corp · Series B Raised $118.3M · modeled $130.8M (est)Kernel Foods, Inc. · Series B Raised $57.4M · modeled $122.0M (est)V2 Food Pty Ltd · Series B Raised $16.6M · modeled $70.1M (est)Nara Organics, Inc. · Series B Raised $45.8M · modeled $62.4M (est)Voyage Foods Inc. · Series B Raised $68.3M · modeled $12.8M (est)Mend Nutrition Inc. (this company) Raised $39.7M · modeled $37.7M (est)Mend Nutrition Inc.
CompanyStageRaised · realValue · estvs peer med.
Agrify CorpSeries B$118.3M$130.8M1.97×
Kernel Foods, Inc.Series B$57.4M$122.0M1.84×
V2 Food Pty LtdSeries B$16.6M$70.1M1.06×
Nara Organics, Inc.Series B$45.8M$62.4M0.94×
Mend Nutrition Inc. this companySeries B$39.7M$37.7M0.57×
Voyage Foods Inc.Series B$68.3M$12.8M0.19×
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$745K2018-12-09$4.1M$11.2M90%
Pre-Seed$630K2018-12-09$3.5M$9.4M90%
Pre-Seed$630K2018-12-09$3.5M$9.4M90%
Series A$5.0M2020-12-16$22.7M$44.0M90%
Series A$3.0M2022-01-29$13.6M$20.2M90%
Series A$10.5M2023-04-24$47.6M$52.5M90%
Series B$16.5M2023-04-24$91.9M$105.9M90%
Seed$1.5M2025-06-11$7.5M$3.9M90%
Seed$2.0M2025-06-11$10.0M$5.2M90%
Seed$2.6M2025-06-11$13.0M$6.8M90%
Series B$3.9M2025-06-11$21.9M$17.0M90%
Series B$9.9M2026-02-05$54.8M$37.7M90%
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$745K2018-12-09
    • First recorded raise — entered as Pre-Seed.
    • 18 investors on this round.
  2. Pre-Seed$630K2018-12-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 15 investors on this round.
  3. Pre-Seed$630K2018-12-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 15 investors on this round.
  4. Series A$5.0M2020-12-16
    • Raised again after 24 mo — slower than the ~14 mo sector norm.
    • Round 7.9× larger than the prior — scaling up.
  5. Series A$3.0M2022-01-29
    • Raised 13 mo later, in step with the ~14 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 22 investors on this round.
  6. Series A$10.5M2023-04-24
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
    • 8 investors on this round.
  7. Series B$16.5M2023-04-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× larger than the prior — scaling up.
    • 16 investors on this round.
  8. Seed$1.5M2025-06-11
    • Raised again after 26 mo — slower than the ~14 mo sector norm.
    • Round 11.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  9. Seed$2.0M2025-06-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× larger than the prior — scaling up.
    • 5 investors on this round.
  10. Seed$2.6M2025-06-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× larger than the prior — scaling up.
    • 5 investors on this round.
  11. Series B$3.9M2025-06-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× larger than the prior — scaling up.
    • 8 investors on this round.
  12. Series B$9.9M2026-02-05
    • Came back fast: 8 mo vs the ~14 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • 18 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~8mo cadence
$24.7M
Modeled next size est.range $16.0M$39.5M
2.5×
Last step-up
$5.5M/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
Justin Kamine2 other2022-01
Bill Hagaman1 other2026-02
Paul Roscoe1 other2025-06
Chris Gusty2022-01
Daniel Ripma2023-04
EZIAH SYED2018-12
Helene Rutledge2022-01
Mark Kolb2022-01
Registry & provenance

Mend Nutrition 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
1781547
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
Seattle Food Tech, Inc.Agtech / FoodtechSeries B$35.6M$11.9Msame sector · same stage
AgroSpheres, Inc.Agtech / FoodtechSeries B$34.9M$45.9Msame sector · same stage
Nara Organics, Inc.Agtech / FoodtechSeries B$45.8M$62.4Msame sector · same stage
Cumulus Coffee CoAgtech / FoodtechSeries B$33.1M$70.3Msame sector · same stage
Apollo Agriculture, Inc.Agtech / FoodtechSeries B$52.0M$40.4Msame sector · same stage
Agrivida IncAgtech / FoodtechSeries B$56.1M$42.2Msame sector · same stage
Muse Organic, LLCAgtech / FoodtechSeries B$24.4M$6.5Msame sector · same stage
Voyage Foods Inc.Agtech / FoodtechSeries B$68.3M$12.8Msame 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
Core Nutrition, LLCAgtech / FoodtechSeries B$416.9M86%
Else Nutrition Holdings Inc.Agtech / FoodtechSeries A$528K86%
Hum Nutrition Inc.Agtech / FoodtechSeries A$144.9M85%
Be Well Nutrition, Inc.Agtech / FoodtechSeries A$38.5M85%
Bears Nutrition, Inc.Agtech / FoodtechPre-Seed$12.7M85%
Krisp Nutrition LLCAgtech / FoodtechSeed$13.7M85%
Foods United, Inc.Agtech / FoodtechSeries A$73.6M85%
Monet Foods, LLCAgtech / FoodtechPre-Seed$1.5M84%
Frequently asked
How much funding has Mend Nutrition Inc. raised?
Mend Nutrition Inc. has raised approximately $39.7M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Mend Nutrition Inc.'s estimated valuation?
Provath's modeled valuation for Mend Nutrition Inc. is approximately $37.7M (modeled range $23.2M–$49.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Mend Nutrition Inc. at?
Mend Nutrition Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Feb 05.
What does Mend Nutrition Inc. do and where is it based?
Mend Nutrition Inc. operates in the Agtech / Foodtech sector, based in Long Island City.
Explore related

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