Companies · Agriculture

Sound Agriculture Co

EMERYVILLE · Agriculture

Diligence memoA one-page analyst read on Sound Agriculture Co — recommendation, valuation, rhythm, risks.
$176.2M
Total raised · real
6
Rounds
0.3×
Latest step-up
Top 3%
Sector rank · raised
Series C
Latest stage · inferred · Tue Nov 26 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Sound Agriculture Co looks under-valued against its niche peers and is quiet 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.

Under-valued
  • Modeled value is 0.23× the median modeled value of Series C Agriculture companies in 2022–2024 (17 peers) — value vs value, same stage and era.
Quiet
  • Last raise 19 mo ago; this sector typically re-raises about every 11 months.
  • Slightly overdue versus sector cadence.
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

Sound Agriculture Co is one of 1056 Agriculture companies tracked from EMERYVILLE. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest 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
19
Investors (latest)
2024-11-26
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$250M$500M$750M$1.0BSeries A · 2017-11-20 Raised $12M (real) Modeled valuation $107M (est)$12M$107MSeries A2017Series A · 2019-12-12 Raised $13M (real) Modeled valuation $113M (est)$13M$113MSeries A2019Series A · 2020-04-28 Raised $9.1M (real) Modeled valuation $79M (est)$9.1M$79MSeries A2020Series C · 2021-07-09 Raised $45M (real) Modeled valuation $395M (est)$45M$395MSeries C2021Series C · 2022-12-07 Raised $73M (real) Modeled valuation $548M (est)$73M$548MSeries C2022Series C · 2024-11-26 Raised $23M (real) Modeled valuation $138M (est)$23M$138MSeries C2024+$13M+$9.1M+$45M+$73M+$23MCumulative $176M

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
Series A$12.3M · 2017
Series A extension$13.0M · 2019
Series A extension$9.1M · 2020
Series C$45.0M · 2021no Series B on file
Series C extension$73.5M · 2022
Series C extension$23.3M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$138.4M
Base estimate est.
$85.6M
Conservative case
$198.9M
Upside case
$155.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the agriculture sector profile. Directional, not a quoted figure.

Series A · modeled $106.9M · 2017-11-202017Series A · modeled $113.3M · 2019-12-12Series A · modeled $79.3M · 2020-04-28Series C · modeled $395.1M · 2021-07-09Series C · modeled $548.2M · 2022-12-07Series C · modeled $138.4M · 2024-11-262024
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
74%
Survival probability
55% low · 86% high
1.12×/yr
Annual markup
1.29×/yr upside case
1.6 yr
Elapsed time used
1.6 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$25.1M/yr
Capital velocity
8.6 yr
On record since
2017
First round
6
Rounds on file
How it compares to the market

Benchmarked against 1056 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) 79× above median
This company$176.2M
Sector median$2.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.5× of median
This company$23.3M
Sector median$45.2M
Modeled value — vs sector median (estimate, all stages) 12× above median
This company$138.4M
Sector median$11.9M

Raised more than 98% of sector peers (real $). Modeled value above 91% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #12 of 17.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)RTH Farms, LLP · Series C Raised $100.0M · modeled $778.1M (est)Open Blue Sea Farms, Inc. · Series C Raised $156.6M · modeled $742.1M (est)VISM Global Agro Invest Corp. · Series C Raised $100.0M · modeled $680.0M (est)Our Family Farm Llc · Series C Raised $100.0M · modeled $650.2M (est)Jingcaoyuan Holdings Inc · Series C Raised $100.0M · modeled $644.3M (est)Jialiang Holdings Ltd · Series C Raised $100.0M · modeled $638.8M (est)Jicaiba Holdings Ltd · Series C Raised $100.0M · modeled $631.3M (est)Enko Chem, Inc. · Series C Raised $127.2M · modeled $624.6M (est)Green Waste Management LLC · Series C Raised $100.0M · modeled $608.2M (est)SunOpta Inc. · Series C Raised $197.3M · modeled $379.6M (est)NewLeaf Symbiotics, Inc. · Series C Raised $136.6M · modeled $311.9M (est)Sound Agriculture Co (this company) Raised $176.2M · modeled $138.4M (est)Sound Agriculture Co
CompanyStageRaised · realValue · estvs peer med.
RTH Farms, LLPSeries C$100.0M$778.1M1.28×
Open Blue Sea Farms, Inc.Series C$156.6M$742.1M1.22×
VISM Global Agro Invest Corp.Series C$100.0M$680.0M1.12×
Our Family Farm LlcSeries C$100.0M$650.2M1.07×
Jingcaoyuan Holdings IncSeries C$100.0M$644.3M1.06×
Jialiang Holdings LtdSeries C$100.0M$638.8M1.05×
Jicaiba Holdings LtdSeries C$100.0M$631.3M1.04×
Enko Chem, Inc.Series C$127.2M$624.6M1.03×
Green Waste Management LLCSeries C$100.0M$608.2M1.00×
SunOpta Inc.Series C$197.3M$379.6M0.62×
NewLeaf Symbiotics, Inc.Series C$136.6M$311.9M0.51×
Sound Agriculture Co this companySeries C$176.2M$138.4M0.23×
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.
Series A$12.3M2017-11-20$55.7M$106.9M90%
Series A$13.0M2019-12-12$59.1M$113.3M90%
Series A$9.1M2020-04-28$41.4M$79.3M90%
Series C$45.0M2021-07-09$300.0M$395.1M90%
Series C$73.5M2022-12-07$490.0M$548.2M90%
Series C$23.3M2024-11-26$155.3M$138.4M90%
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. Series A$12.3M2017-11-20
    • First recorded raise — entered as Series A.
    • 16 investors on this round.
  2. Series A$13.0M2019-12-12
    • Raised again after 25 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 11 investors on this round.
  3. Series A$9.1M2020-04-28
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  4. Series C$45.0M2021-07-09
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 4.9× larger than the prior — scaling up.
    • 8 investors on this round.
  5. Series C$73.5M2022-12-07
    • Raised 17 mo later, in step with the ~11 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 9 investors on this round.
  6. Series C$23.3M2024-11-26
    • Raised again after 24 mo — slower than the ~11 mo sector norm.
    • Round 3.2× smaller than the prior — bridge or down round.
    • 19 investors on this round.
Intelligence
2026 ~Q2
Modeled next raise · ~17mo cadence
$23.3M
Modeled next size est.range $23.3M$37.3M
0.3×
Last step-up
$25.1M/yr
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
Sanjeev Krishnan10 other2019-12
Clay Mitchell4 other2017-11
David Pierson4 other2021-07
Derek Norman4 other2017-11
Ron Meeusen3 other2017-11
Marc Khouzami2 other2024-11
Ryan Teksten2 other2021-07
Adam Litle1 other2020-04
Cheryl Martin1 other2020-04
Colin Steen1 other2019-12
Paimun Amini1 other2024-11
Paul Beck1 other2024-11
Dave Vosburg2024-11
Eric Davidson2017-11
Michael Wilbur2017-11
Sanjeev Krishnam2024-11
Travis Bayer2017-11
Registry & provenance

Sound Agriculture Co 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
1723422
SEC CIK
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
GroundTruth Ag, Inc.Other TechnologySeries B$145.4M$181.3Mnetwork3 shared operators
NewLeaf Symbiotics, Inc.AgricultureSeries C$136.6M$311.9Mnetwork1 shared operator · same sector · same stage
SG Holdings, LLCAgricultureSeries C$280.8M$116.2Mnetwork1 shared operator · same sector · same stage
Terramera, Inc.AgricultureSeries C$46.9M$10.9Mnetwork1 shared operator · same sector · same stage
Terviva, Inc.AgricultureSeries C$170.8M$43.1Msame sector · same stage
Cool Planet Energy Systems, Inc.AgricultureSeries C$194.5M$200.5Msame sector · same stage
Vestaron CorpAgricultureSeries C$144.0M$65.2Msame sector · same stage
MycoTechnology, Inc.Other TechnologySeries C$186.0M$1.3Bnetwork1 shared operator · 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
Vital Farms, Inc.AgricultureSeries B$143.6M83%
Agricultural Gas CoAgriculturePre-Seed$5.3M82%
Organically Grown CoAgricultureSeed$28.6M81%
Living Greens Farm, Inc.AgricultureSeed$32.1M81%
Agricultural Land CorpAgricultureSeries B$7.5M81%
Monadnock Agricultural Center, LLCAgriculturePre-Seed$2.0M81%
Corral Holdings, Inc.AgriculturePre-Seed$2.4M81%
Dover Farm, LLCAgricultureSeed$13.4M80%
Frequently asked
How much funding has Sound Agriculture Co raised?
Sound Agriculture Co has raised approximately $176.2M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Sound Agriculture Co's estimated valuation?
Provath's modeled valuation for Sound Agriculture Co is approximately $138.4M (modeled range $85.6M–$198.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Sound Agriculture Co at?
Sound Agriculture Co's latest modeled financing stage is Series C. Its most recent recorded round closed around Tue Nov 26.
What does Sound Agriculture Co do and where is it based?
Sound Agriculture Co operates in the Agriculture sector, based in EMERYVILLE.
Explore related

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