Companies · Agriculture

Pufferfish Ventures, LLC

AUSTIN · Agriculture

Diligence memoA one-page analyst read on Pufferfish Ventures, LLC — recommendation, valuation, rhythm, risks.
$550K
Total raised · real
1
Rounds
Latest step-up
Top 77%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Tue Oct 29 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Pufferfish Ventures, LLC looks over-valued against its niche peers and is dormant 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.

Over-valued
  • Modeled value is 1.51× the median modeled value of Pre-Seed Agriculture companies in 2019–2021 (98 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.7 yr ago; this sector typically re-raises about every 11 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Pufferfish Ventures, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
6.7 yr record
Peak capital year was 2019 with $550K across 1 filings.
Market position
ahead of 24% of Agriculture peers
Capital scale is ahead of 24% of Agriculture peers; modeled value is above 40% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2019: $550K across 1 filings.
  • Largest single filing was $550K on 2019-10-29.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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

Pufferfish Ventures, LLC is one of 1055 Agriculture companies tracked from AUSTIN. By capital raised it ranks in the long tail (ahead of 24% of sector peers), and mid-pack 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
5
Investors (latest)
2018
Year incorporated
2019-10-29
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$2.5M$5.0M$7.5M$10MPre-Seed · 2019-10-29 Raised $550K (real) Modeled valuation $7.3M (est)$550K$7.3MPre-Seed2019

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$550K · 2019

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

Modeled valuation trajectory
$7.3M
Base estimate est.
$348K
Conservative case
$83.0M
Upside case
$3.1M
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 scaled by the agriculture sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.43×/yr
Annual markup
1.93×/yr upside case
6.0 yr
Elapsed time used
6.7 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
6.7 yr
On record since
2019
First round
1
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) 0.3× of median
This company$550K
Sector median$2.2M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.5× above median
This company$550K
Sector median$374K
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$7.3M
Sector median$11.9M

Raised more than 24% of sector peers (real $). Modeled value above 40% 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 #22 of 98.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Apex Farms Corp. · Pre-Seed Raised $1.0M · modeled $13.3M (est)Verdant Sciences International Inc. · Pre-Seed Raised $1.0M · modeled $13.3M (est)True Classic Production, LLC · Pre-Seed Raised $1.0M · modeled $13.3M (est)GreenTree Ag Ventures, LLC · Pre-Seed Raised $1.0M · modeled $13.3M (est)Westbrook Labs, Inc. · Pre-Seed Raised $1.0M · modeled $13.3M (est)Julita's Garden, LLC · Pre-Seed Raised $850K · modeled $11.3M (est)RiverRun Gardens LLC · Pre-Seed Raised $850K · modeled $11.3M (est)Colorado Hemp Works, Inc. · Pre-Seed Raised $800K · modeled $10.7M (est)Tiger Fiber, Inc. · Pre-Seed Raised $1.0M · modeled $10.4M (est)Ag Berry Corp Usa Llc · Pre-Seed Raised $809K · modeled $10.1M (est)CBD Global Sciences Inc. · Pre-Seed Raised $1.6M · modeled $10.0M (est)BP Veraison Topco, LP · Pre-Seed Raised $1.0M · modeled $9.8M (est)Pufferfish Ventures, LLC (this company) Raised $550K · modeled $7.3M (est)Pufferfish Ventures, LLC
CompanyStageRaised · realValue · estvs peer med.
Apex Farms Corp.Pre-Seed$1.0M$13.3M2.75×
Verdant Sciences International Inc.Pre-Seed$1.0M$13.3M2.75×
True Classic Production, LLCPre-Seed$1.0M$13.3M2.75×
GreenTree Ag Ventures, LLCPre-Seed$1.0M$13.3M2.75×
Westbrook Labs, Inc.Pre-Seed$1.0M$13.3M2.75×
Julita's Garden, LLCPre-Seed$850K$11.3M2.34×
RiverRun Gardens LLCPre-Seed$850K$11.3M2.34×
Colorado Hemp Works, Inc.Pre-Seed$800K$10.7M2.20×
Tiger Fiber, Inc.Pre-Seed$1.0M$10.4M2.14×
Ag Berry Corp Usa LlcPre-Seed$809K$10.1M2.09×
CBD Global Sciences Inc.Pre-Seed$1.6M$10.0M2.07×
BP Veraison Topco, LPPre-Seed$1.0M$9.8M2.03×
Pufferfish Ventures, LLC this companyPre-Seed$550K$7.3M1.51×
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$550K2019-10-29$3.1M$7.3M90%
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$550K2019-10-29
    • First recorded raise — entered as Pre-Seed.
    • 5 investors on this round.
Intelligence
Modeled next raise
$880K
Modeled next size est.range $572K$1.4M
Last step-up
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
Caroline Babb Harris2019-10
Donald Louis Evans, Jr.2019-10
Jeremy Lyn Harris2019-10
Mathis Alan Vila Kennington2019-10
Registry & provenance

Pufferfish Ventures, LLC 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
1794888
SEC CIK
2018
Incorporated
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
Esopus Agricultural Center, LLCAgriculturePre-Seed$550K$7.3Msame sector · same stage
Jamison Herefords Investment Company, LLCAgriculturePre-Seed$550K$7.3Msame sector · same stage
Lime Springs Beef, LLCAgriculturePre-Seed$550K$7.3Msame sector · same stage
Oklahoma Genetics & Extracts LLCAgriculturePre-Seed$550K$7.0Msame sector · same stage
Phyllom BioProducts CorpAgriculturePre-Seed$550K$7.3Msame sector · same stage
Seed2Scale Ventures LLCAgriculturePre-Seed$550K$6.3Msame sector · same stage
Third Wave Farms, Inc.AgriculturePre-Seed$550K$7.3Msame sector · same stage
Corbin Hill Rd Farm LLCAgriculturePre-Seed$560K$7.5Msame 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
Finger Lakes Fish, Inc.AgricultureSeries A$32.4M85%
Jaws Ventures, Inc.AgriculturePre-Seed$9.3M85%
Lionfish International, LLCAgricultureSeed$1.1M84%
Corder Farm, LLCAgriculturePre-Seed$6.0M83%
Growers Holdings, Inc.AgricultureSeries A$34.9M83%
Forever Oceans CorpAgricultureSeries C$818.9M82%
AquaOrganix CorpAgriculturePre-Seed$330K82%
ACE Ventures, LLCAgricultureSeed$38.8M82%
Frequently asked
How much funding has Pufferfish Ventures, LLC raised?
Pufferfish Ventures, LLC has raised approximately $550K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Pufferfish Ventures, LLC's estimated valuation?
Provath's modeled valuation for Pufferfish Ventures, LLC is approximately $7.3M (modeled range $348K–$83.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Pufferfish Ventures, LLC at?
Pufferfish Ventures, LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Tue Oct 29.
What does Pufferfish Ventures, LLC do and where is it based?
Pufferfish Ventures, LLC operates in the Agriculture sector, based in AUSTIN.
Explore related

See where Pufferfish Ventures, LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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