Diligence memo · auto-generated · as of July 2, 2026
Promise Foods, Inc.
Promise Foods, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Promise Foods, Inc. operates in Retailing, based in DUNN.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Promise Foods, Inc. has raised $2.2M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.3M on 2015-03-26.
Most recent recorded round closed around 2016-01-25.
Valuation (modeled)modeled
Provath models Promise Foods, Inc. at approximately $5.7M (range $729K–$45M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.50× the median modeled value of Seed Retailing companies in 2016–2018 (115 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 10 months.
Last raise 10.4 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.4× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 56% of Retailing peers (2347 compared).
Modeled value ranks above 50% of those peers.
Closest niche peers: BeautyCon Media, Inc., Beaufort Buligo LP, Emagine Frankfort Llc, VJCS Holdings, Inc., Indie Lee & Co., Inc..
Peoplefiled
5 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.