Diligence memo · auto-generated · as of July 2, 2026
Plant Path Inc.
Plant Path Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Plant Path Inc. operates in Agriculture, based in Durham.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Plant Path Inc. has raised $28M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $20M on 2024-08-15.
Most recent recorded round closed around 2026-02-18.
Valuation (modeled)modeled
Provath models Plant Path Inc. at approximately $14M (range $8.7M–$18M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.23× the median modeled value of Series B Agriculture companies in 2025–2027 (9 peers) — value vs value, same stage and era. Issuer reports $0–$1M revenue while modeled below niche peers.
Financing rhythm & timingmixed
Historic cadence: a new round about every 20 months.
Last raise 4 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 5.5× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 90% of Agriculture peers (1056 compared).
Modeled value ranks above 56% of those peers.
Closest niche peers: California Reserve Flower, LLC, Select Milk Producers, Inc., Local Bounti Corporation/DE, VM Agritech Inc., Ascribe Bioscience Inc..
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.