Diligence memo · auto-generated · as of July 2, 2026
New Frontier Foods Inc.
New Frontier Foods Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
New Frontier Foods Inc. operates in Agtech / Foodtech, based in BURLINGAME.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
New Frontier Foods Inc. has raised $28M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $16M on 2021-02-10.
Most recent recorded round closed around 2021-02-10.
Valuation (modeled)modeled
Provath models New Frontier Foods Inc. at approximately $154M (range $38M–$526M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.79× the median modeled value of Series B Agtech / Foodtech companies in 2019–2021 (16 peers) — value vs value, same stage and era. Within the normal band (79% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 5.4 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.8× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 92% of Agtech / Foodtech peers (481 compared).
Modeled value ranks above 93% of those peers.
Closest niche peers: Green Grass Foods Inc, Real Good Food Co LLC, Bellwether Coffee Co., Sprout Foods, Inc, Gathered Foods Corp.
Peoplefiled
9 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.