Companies · Other

Pigeon Cove Ferments, Ltd

GLOUCESTER · Other

Diligence memoA one-page analyst read on Pigeon Cove Ferments, Ltd — recommendation, valuation, rhythm, risks.
$1.2M
Total raised · real
2
Rounds
2.4×
Latest step-up
Top 61%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Aug 29 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Pigeon Cove Ferments, Ltd looks over-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.

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 2.31× the median modeled value of Pre-Seed Other companies in 2025–2027 (710 peers) — value vs value, same stage and era.
Active
  • Last raise 10 mo ago; this sector typically re-raises about every 11 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 Other

Pigeon Cove Ferments, Ltd is one of 25015 Other companies tracked from GLOUCESTER. By capital raised it ranks mid-pack (ahead of 40% of sector peers), and in the long tail 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
9
Investors (latest)
2025-08-29
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2022-01-28 Raised $350K (real) Modeled valuation $4.1M (est)$350K$4.1MPre-Seed2022Pre-Seed · 2025-08-29 Raised $830K (real) Modeled valuation $2.0M (est)$830K$2.0MPre-Seed2025+$830KCumulative $1.2M

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$350K · 2022
Pre-Seed extension$830K · 2025

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

Modeled valuation trajectory
$2.0M
Base estimate est.
$553K
Conservative case
$4.7M
Upside case
$4.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $4.1M · 2022-01-282022Pre-Seed · modeled $2.0M · 2025-08-292025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.55×/yr
Annual markup
2.10×/yr upside case
0.8 yr
Elapsed time used
0.8 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
43 mo
Avg between rounds
$329K/yr
Capital velocity
4.4 yr
On record since
2022
First round
2
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. 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) 0.6× of median
This company$1.2M
Sector median$2.0M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 2.4× above median
This company$830K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$2.0M
Sector median$17.7M

Raised more than 40% of sector peers (real $). Modeled value above 11% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #91 of 710.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Rocket Carwash, LLC · Pre-Seed Raised $1.0M · modeled $3.2M (est)Chapel Hill, LP · Pre-Seed Raised $1.0M · modeled $3.1M (est)Zab's Inc. · Pre-Seed Raised $1.0M · modeled $3.1M (est)Producer Mezcal LLC · Pre-Seed Raised $1.0M · modeled $3.1M (est)KBS ARC Investment LLC · Pre-Seed Raised $992K · modeled $3.0M (est)Unrefind Inc · Pre-Seed Raised $1.0M · modeled $3.0M (est)TKO Solutions, L.L.C. · Pre-Seed Raised $1.0M · modeled $3.0M (est)Savvy Trader, Inc. · Pre-Seed Raised $2.0M · modeled $3.0M (est)Playful Wombat Ltd Liability Co · Pre-Seed Raised $1.0M · modeled $3.0M (est)Sbbc, Llc · Pre-Seed Raised $1.3M · modeled $2.9M (est)Terracasa, Inc. · Pre-Seed Raised $1.0M · modeled $2.9M (est)SIGMAS Inc. · Pre-Seed Raised $1000K · modeled $2.9M (est)Pigeon Cove Ferments, Ltd (this company) Raised $1.2M · modeled $2.0M (est)Pigeon Cove Ferments, Ltd
CompanyStageRaised · realValue · estvs peer med.
Rocket Carwash, LLCPre-Seed$1.0M$3.2M3.68×
Chapel Hill, LPPre-Seed$1.0M$3.1M3.63×
Zab's Inc.Pre-Seed$1.0M$3.1M3.60×
Producer Mezcal LLCPre-Seed$1.0M$3.1M3.56×
KBS ARC Investment LLCPre-Seed$992K$3.0M3.50×
Unrefind IncPre-Seed$1.0M$3.0M3.48×
TKO Solutions, L.L.C.Pre-Seed$1.0M$3.0M3.45×
Savvy Trader, Inc.Pre-Seed$2.0M$3.0M3.44×
Playful Wombat Ltd Liability CoPre-Seed$1.0M$3.0M3.42×
Sbbc, LlcPre-Seed$1.3M$2.9M3.41×
Terracasa, Inc.Pre-Seed$1.0M$2.9M3.39×
SIGMAS Inc.Pre-Seed$1000K$2.9M3.39×
Pigeon Cove Ferments, Ltd this companyPre-Seed$1.2M$2.0M2.31×
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$350K2022-01-28$1.9M$4.1M90%
Pre-Seed$830K2025-08-29$4.6M$2.0M90%
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$350K2022-01-28
    • First recorded raise — entered as Pre-Seed.
    • 7 investors on this round.
  2. Pre-Seed$830K2025-08-29
    • Raised again after 43 mo — slower than the ~11 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
    • 9 investors on this round.
Intelligence
2029 ~Q1
Modeled next raise · ~43mo cadence
$2.0M
Modeled next size est.range $1.3M$3.1M
2.4×
Last step-up
$329K/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
Dylan L'Abbe-Lindquest2025-08
Dylan L'Abbe-Lindquist2022-01
Kristen L'Abbe-Lindquest2025-08
Kristen L'Abbe-Lindquist2022-01
L. Patrick Gardner2022-01
Registry & provenance

Pigeon Cove Ferments, Ltd 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
1923283
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
Jump Clear, Inc.OtherPre-Seed$1.2M$2.1Msame sector · same stage
Bala Enzyme Inc.OtherPre-Seed$1.2M$2.0Msame sector · same stage
Dynaleo Inc.OtherPre-Seed$1.2M$2.1Msame sector · same stage
Zyp Run, Inc.OtherPre-Seed$1.1M$2.1Msame sector · same stage
Angarak, Inc.OtherPre-Seed$1.3M$2.0Msame sector · same stage
Ayeya Inc.OtherPre-Seed$1.1M$1.9Msame sector · same stage
SolarSteam Inc.OtherPre-Seed$1.3M$1.8Msame sector · same stage
Legible Inc.OtherPre-Seed$1.3M$1.8Msame 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
Beekeeper's Naturals Inc.OtherSeries B$125.8M79%
Associated Microbreweries LtdOtherSeries A$80.3M79%
Epiphany Craft Malt, LLCOtherPre-Seed$2.9M78%
Brownrigg Hard Cider, LlcOtherPre-Seed$2.4M78%
Petit Pot, Inc.OtherSeed$16.2M78%
Cadee Distillery, Inc.Food & BeverageSeed$20.9M78%
Black Frost Distilling, LLCFood & BeverageSeries A$75.7M78%
Cartridge Brewing, LLCFood & BeveragePre-Seed$14.2M78%
Frequently asked
How much funding has Pigeon Cove Ferments, Ltd raised?
Pigeon Cove Ferments, Ltd has raised approximately $1.2M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Pigeon Cove Ferments, Ltd's estimated valuation?
Provath's modeled valuation for Pigeon Cove Ferments, Ltd is approximately $2.0M (modeled range $553K–$4.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Pigeon Cove Ferments, Ltd at?
Pigeon Cove Ferments, Ltd's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Aug 29.
What does Pigeon Cove Ferments, Ltd do and where is it based?
Pigeon Cove Ferments, Ltd operates in the Other sector, based in GLOUCESTER.
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