Companies · Agriculture

Open Blue Sea Farms, Inc.

Boston · Agriculture

Diligence memoA one-page analyst read on Open Blue Sea Farms, Inc. — recommendation, valuation, rhythm, risks.
$156.6M
Total raised · real
7
Rounds
24.7×
Latest step-up
Top 3%
Sector rank · raised
Series C
Latest stage · inferred · Thu Nov 10 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Open Blue Sea Farms, Inc. looks fair against its niche peers and is at-risk 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.

Fair
  • Modeled value is 1.22× the median modeled value of Series C Agriculture companies in 2022–2024 (17 peers) — value vs value, same stage and era.
  • Within the normal band (122% of peer median) for its niche.
At-risk
  • Last raise 3.6 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Open Blue Sea Farms, Inc. is one of 1055 Agriculture companies tracked from Boston. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest 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
1
Investors (latest)
2022-11-10
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$250M$500M$750M$1.0BSeries A · 2010-11-17 Raised $9.7M (real) Modeled valuation $85M (est)Series A2010Series A · 2012-07-03 Raised $6.2M (real) Modeled valuation $54M (est)Series A2012Series A · 2014-04-01 Raised $4.0M (real) Modeled valuation $35M (est)Series A2014Series A · 2015-01-16 Raised $11M (real) Modeled valuation $96M (est)Series A2015Series B · 2016-07-29 Raised $23M (real) Modeled valuation $220M (est)Series B2016Series B · 2017-04-07 Raised $4.0M (real) Modeled valuation $38M (est)Series B2017Series C · 2022-11-10 Raised $99M (real) Modeled valuation $742M (est)Series C2022+$6.2M+$4.0M+$11M+$23M+$4.0M+$99MCumulative $157M

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 A$9.7M · 2010
Series A extension$6.2M · 2012
Series A extension$4.0M · 2014
Series A extension$11.0M · 2015
Series B$23.0M · 2016
Series B extension$4.0M · 2017
Series C$98.7M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$741.9M
Base estimate est.
$362.4M
Conservative case
$1.4B
Upside case
$657.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the agriculture sector profile. Directional, not a quoted figure.

Series A · modeled $85.0M · 2010-11-172010Series A · modeled $53.7M · 2012-07-03Series A · modeled $34.9M · 2014-04-01Series A · modeled $95.9M · 2015-01-16Series B · modeled $220.1M · 2016-07-29Series B · modeled $38.3M · 2017-04-07Series C · modeled $741.9M · 2022-11-102022
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
74%
Survival probability
55% low · 86% high
1.12×/yr
Annual markup
1.29×/yr upside case
3.6 yr
Elapsed time used
3.6 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
24 mo
Avg between rounds
$13.1M/yr
Capital velocity
15.6 yr
On record since
2010
First round
7
Rounds on file
How it compares to the market

Benchmarked against 1055 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) 71× above median
This company$156.6M
Sector median$2.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 2.2× above median
This company$98.7M
Sector median$45.2M
Modeled value — vs sector median (estimate, all stages) 62× above median
This company$741.9M
Sector median$11.9M

Raised more than 98% of sector peers (real $). Modeled value above 97% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #2 of 17.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)RTH Farms, LLP · Series C Raised $100.0M · modeled $777.8M (est)VISM Global Agro Invest Corp. · Series C Raised $100.0M · modeled $679.8M (est)Our Family Farm Llc · Series C Raised $100.0M · modeled $650.0M (est)Jingcaoyuan Holdings Inc · Series C Raised $100.0M · modeled $644.0M (est)Jialiang Holdings Ltd · Series C Raised $100.0M · modeled $638.6M (est)Jicaiba Holdings Ltd · Series C Raised $100.0M · modeled $631.1M (est)Enko Chem, Inc. · Series C Raised $127.2M · modeled $624.4M (est)Green Waste Management LLC · Series C Raised $100.0M · modeled $608.0M (est)SunOpta Inc. · Series C Raised $197.3M · modeled $379.5M (est)NewLeaf Symbiotics, Inc. · Series C Raised $136.6M · modeled $311.8M (est)Sound Agriculture Co · Series C Raised $176.2M · modeled $138.4M (est)Open Blue Sea Farms, Inc. (this company) Raised $156.6M · modeled $741.9M (est)Open Blue Sea Farms, Inc.
CompanyStageRaised · realValue · estvs peer med.
RTH Farms, LLPSeries C$100.0M$777.8M1.28×
Open Blue Sea Farms, Inc. this companySeries C$156.6M$741.9M1.22×
VISM Global Agro Invest Corp.Series C$100.0M$679.8M1.12×
Our Family Farm LlcSeries C$100.0M$650.0M1.07×
Jingcaoyuan Holdings IncSeries C$100.0M$644.0M1.06×
Jialiang Holdings LtdSeries C$100.0M$638.6M1.05×
Jicaiba Holdings LtdSeries C$100.0M$631.1M1.04×
Enko Chem, Inc.Series C$127.2M$624.4M1.03×
Green Waste Management LLCSeries C$100.0M$608.0M1.00×
SunOpta Inc.Series C$197.3M$379.5M0.62×
NewLeaf Symbiotics, Inc.Series C$136.6M$311.8M0.51×
Sound Agriculture CoSeries C$176.2M$138.4M0.23×
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 A$9.7M2010-11-17$44.3M$85.0M85%
Series A$6.2M2012-07-03$28.0M$53.7M85%
Series A$4.0M2014-04-01$18.2M$34.9M85%
Series A$11.0M2015-01-16$50.0M$95.9M85%
Series B$23.0M2016-07-29$127.8M$220.1M85%
Series B$4.0M2017-04-07$22.2M$38.3M90%
Series C$98.7M2022-11-10$657.7M$741.9M90%
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 A$9.7M2010-11-17
    • First recorded raise — entered as Series A.
    • 4 investors on this round.
  2. Series A$6.2M2012-07-03
    • Raised again after 20 mo — slower than the ~11 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  3. Series A$4.0M2014-04-01
    • Raised again after 21 mo — slower than the ~11 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  4. Series A$11.0M2015-01-16
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • 1 investor on this round.
  5. Series B$23.0M2016-07-29
    • Raised again after 18 mo — slower than the ~11 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 1 investor on this round.
  6. Series B$4.0M2017-04-07
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 5.8× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  7. Series C$98.7M2022-11-10
    • Raised again after 67 mo — slower than the ~11 mo sector norm.
    • Round 24.7× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2024 ~Q4
Modeled next raise · ~24mo cadence
$296.0M
Modeled next size est.range $192.4M$473.6M
24.7×
Last step-up
$13.1M/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
Robert Orr6 other2016-07
Christopher Perry2 other2016-07
Glenn Flanders2 other2010-11
Don Grant1 other2022-11
BRIAN O'HANLON2010-11
Charles Gendron2022-11
CHRISTOPHER A. PERRY2012-07
David Diaz Plumer2016-07
EMILIE SLAUGHTER2010-11
Gabriel Diaz2022-11
Gabriel Diaz Arias2016-07
GLENN A. FLANDERS2012-07
Jamie Cherney2022-11
JOSEPH MICHAEL MAGNUS2014-04
JOSE RAUL ARIAS2012-07
Mike Magnus2022-11
ROBERT A. ORR2012-07
Robert Diaz Orr2017-04
Registry & provenance

Open Blue Sea Farms, 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
1453312
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
Forever Oceans CorpAgricultureSeries C$149.2M$818.9Msame sector · same stage
Cibus Global, Ltd.AgricultureSeries C$169.5M$688.5Msame sector · same stage
Vestaron CorpAgricultureSeries C$144.0M$65.1Msame sector · same stage
Terviva, Inc.AgricultureSeries C$170.8M$43.1Msame sector · same stage
Sound Agriculture CoAgricultureSeries C$176.2M$138.4Msame sector · same stage
NewLeaf Symbiotics, Inc.AgricultureSeries C$136.6M$311.8Msame sector · same stage
Enko Chem, Inc.AgricultureSeries C$127.2M$624.4Msame sector · same stage
Cool Planet Energy Systems, Inc.AgricultureSeries C$194.5M$200.5Msame 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
Bluehouse Group, Inc.AgriculturePre-Seed$2.0M86%
Blue Water Acquaculture LLCAgriculturePre-Seed$13.3M86%
Third Wave Farms, Inc.AgriculturePre-Seed$7.3M83%
Salish Coast Enterprises, Inc.AgricultureSeries A$1.6M83%
Babylon Micro-Farms Inc.AgricultureSeed$20.4M83%
Sustainable Aquaculture Systems, Inc.AgricultureSeed$19.1M83%
Lowell Farms Inc.AgricultureSeries B$44.3M83%
Shipshape Urban Farms, Inc.AgricultureSeed$8.4M82%
Frequently asked
How much funding has Open Blue Sea Farms, Inc. raised?
Open Blue Sea Farms, Inc. has raised approximately $156.6M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Open Blue Sea Farms, Inc.'s estimated valuation?
Provath's modeled valuation for Open Blue Sea Farms, Inc. is approximately $741.9M (modeled range $362.4M–$1.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Open Blue Sea Farms, Inc. at?
Open Blue Sea Farms, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Nov 10.
What does Open Blue Sea Farms, Inc. do and where is it based?
Open Blue Sea Farms, Inc. operates in the Agriculture sector, based in Boston.
Explore related

See where Open Blue Sea Farms, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Open Blue Sea Farms, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.