Diligence memo · auto-generated · as of July 2, 2026
Rhode Island Grows Llc
Rhode Island Grows Llc looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Rhode Island Grows Llc operates in Agriculture, based in EXETER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Rhode Island Grows Llc has raised $10M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $10M on 2023-01-13.
Most recent recorded round closed around 2023-01-13.
Valuation (modeled)modeled
Provath models Rhode Island Grows Llc at approximately $50M (range $13M–$153M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.62× the median modeled value of Series A Agriculture companies in 2022–2024 (43 peers) — value vs value, same stage and era. Issuer reports no revenue, yet is modeled well above niche peers.
Financing rhythm & timingmixed
Last raise 3.5 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.
Comparablesmixed
Capital scale ranks ahead of 79% of Agriculture peers (1056 compared).
Modeled value ranks above 82% of those peers.
Closest niche peers: IFC PNW Tree Fruit Holdings Manson LLC, C5 Farming LLC, LoMac Wolf Point Investors, LP, White River Creston LLC, IFC Southern Fruit Holdings LLC.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.