Diligence memo · auto-generated · as of July 2, 2026
Saluna, Inc.
Saluna, Inc. looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Saluna, Inc. operates in Agriculture, based in St. Louis.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Saluna, Inc. has raised $2.7M 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: $1.9M on 2023-12-06.
Most recent recorded round closed around 2025-04-16.
Valuation (modeled)modeled
Provath models Saluna, Inc. at approximately $2.0M (range $641K–$4.3M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.40× the median modeled value of Seed Agriculture companies in 2025–2027 (21 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 15 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
The last round was 2.6× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 55% of Agriculture peers (1056 compared).
Modeled value ranks above 16% of those peers.
Closest niche peers: JTC Development, LLC, Shipshape Urban Farms, Inc., Sfvii, Llp, Grupo Papalotla, Llc, Wakefield Agricultural Carbon LLC.
Peoplefiled
6 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.