Companies · Agriculture

SP Funding, LLC

BREVARD · Agriculture

Diligence memoA one-page analyst read on SP Funding, LLC — recommendation, valuation, rhythm, risks.
$5.1M
Total raised · real
2
Rounds
0.0×
Latest step-up
Top 32%
Sector rank · raised
Series A
Latest stage · inferred · Fri Oct 07 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

SP Funding, LLC looks under-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.

Under-valued
  • Modeled value is 0.02× the median modeled value of Series A Agriculture companies in 2016–2018 (39 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.7 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.

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

Issuer-vehicle patternmedium confidence

SP Funding, 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
12.0 yr record
Peak capital year was 2014 with $5.0M across 1 filings.
Market position
ahead of 69% of Agriculture peers
Capital scale is ahead of 69% of Agriculture peers; modeled value is above 5% 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 2014: $5.0M across 1 filings.
  • Largest single filing was $5.0M on 2014-07-01.
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

SP Funding, LLC is one of 1055 Agriculture companies tracked from BREVARD. By capital raised it ranks mid-pack (ahead of 69% of sector peers), and in the long tail 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
1
Investors (latest)
2014
Year incorporated
2016-10-07
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$13M$25M$38M$50MSeries A · 2014-07-01 Raised $5.0M (real) Modeled valuation $44M (est)$5.0M$44MSeries A2014Series A · 2016-10-07 Raised $100K (real) Modeled valuation $872K (est)$100K$872KSeries A2016+$100KCumulative $5.1M

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$5.0M · 2014
Series A extension$100K · 2016

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$872K
Base estimate est.
$130K
Conservative case
$4.7M
Upside case
$455K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the agriculture sector profile. Directional, not a quoted figure.

Series A · modeled $43.6M · 2014-07-012014Series A · modeled $872K · 2016-10-072016
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.24×/yr
Annual markup
1.56×/yr upside case
6.0 yr
Elapsed time used
9.7 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
27 mo
Avg between rounds
$2.2M/yr
Capital velocity
12.0 yr
On record since
2014
First round
2
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) 2.3× above median
This company$5.1M
Sector median$2.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.0× of median
This company$100K
Sector median$5.9M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$872K
Sector median$11.9M

Raised more than 69% of sector peers (real $). Modeled value above 5% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #39 of 39.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)MJardin Investment, LLC · Series A Raised $14.0M · modeled $122.0M (est)CG Investor Holding LLC · Series A Raised $12.0M · modeled $104.6M (est)Ihemp Alliance Medical, Llc · Series A Raised $12.0M · modeled $104.6M (est)Clearwater Organic Farms New York, LLC · Series A Raised $11.0M · modeled $95.9M (est)Agrible, Inc. · Series A Raised $12.6M · modeled $88.8M (est)Montana Craft Malt Co · Series A Raised $9.9M · modeled $86.7M (est)Locus Agriculture Holding, LLC · Series A Raised $9.1M · modeled $78.9M (est)Sunrise Capital Inc · Series A Raised $8.7M · modeled $75.8M (est)Sostena, Inc. · Series A Raised $8.1M · modeled $70.6M (est)California Green Tree Development Inc. · Series A Raised $8.0M · modeled $69.7M (est)Kampachi Worldwide Holdings, Lp · Series A Raised $7.3M · modeled $63.3M (est)Summit Pork II, LLP · Series A Raised $7.1M · modeled $61.8M (est)SP Funding, LLC (this company) Raised $5.1M · modeled $872K (est)SP Funding, LLC
CompanyStageRaised · realValue · estvs peer med.
MJardin Investment, LLCSeries A$14.0M$122.0M2.56×
CG Investor Holding LLCSeries A$12.0M$104.6M2.20×
Ihemp Alliance Medical, LlcSeries A$12.0M$104.6M2.20×
Clearwater Organic Farms New York, LLCSeries A$11.0M$95.9M2.01×
Agrible, Inc.Series A$12.6M$88.8M1.86×
Montana Craft Malt CoSeries A$9.9M$86.7M1.82×
Locus Agriculture Holding, LLCSeries A$9.1M$78.9M1.66×
Sunrise Capital IncSeries A$8.7M$75.8M1.59×
Sostena, Inc.Series A$8.1M$70.6M1.48×
California Green Tree Development Inc.Series A$8.0M$69.7M1.46×
Kampachi Worldwide Holdings, LpSeries A$7.3M$63.3M1.33×
Summit Pork II, LLPSeries A$7.1M$61.8M1.30×
SP Funding, LLC this companySeries A$5.1M$872K0.02×
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$5.0M2014-07-01$22.7M$43.6M85%
Series A$100K2016-10-07$455K$872K90%
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$5.0M2014-07-01
    • First recorded raise — entered as Series A.
  2. Series A$100K2016-10-07
    • Raised again after 27 mo — slower than the ~11 mo sector norm.
    • Round 50.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2019 ~Q1
Modeled next raise · ~27mo cadence
$100K
Modeled next size est.range $100K$160K
0.0×
Last step-up
$2.2M/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
Bruce V Roberts12 other2016-10
Bruce Roberts8 other2014-07
Registry & provenance

SP Funding, 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
1618594
SEC CIK
2014
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
Brasstown Beef & Cattle Co., LLCAgricultureSeed$5.9M$16.1Mnetwork2 shared operators · same sector
Chatel Funding, LLCAgricultureSeries A$7.0M$61.0Mnetwork1 shared operator · same sector · same stage
Brasstown Funding II LLCAgricultureSeries A$13.5M$24.0Mnetwork1 shared operator · same sector · same stage
G2 Developments of Michigan LLCAgricultureSeries A$5.2M$1.3Msame sector · same stage
Lone Star Industrial Materials LLCAgricultureSeries A$5.4M$5.4Msame sector · same stage
Rubicon Holdings, Inc.AgricultureSeries A$5.8M$872Ksame sector · same stage
C&G Engines Funding, LLCManufacturingSeries A$4.9M$46.9Mnetwork1 shared operator · same stage
Salish Coast Enterprises, Inc.AgricultureSeries A$7.1M$1.6Msame 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
Chatel Funding, LLCAgricultureSeries A$61.0M85%
Sustainable Asset Lending, LLCAgriculturePre-Seed$3.3M85%
FarmFundr1, LLCAgriculturePre-Seed$8.4M84%
SG Holdings, LLCAgricultureSeries C$116.2M82%
Spensa Technologies, Inc.AgricultureSeed$21.4M82%
CP Capital Holdings Group, LLCAgriculturePre-Seed$3.1M82%
Sfa LlcAgricultureSeed$30.6M82%
Agricultural Land CorpAgricultureSeries B$7.5M82%
Frequently asked
How much funding has SP Funding, LLC raised?
SP Funding, LLC has raised approximately $5.1M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is SP Funding, LLC's estimated valuation?
Provath's modeled valuation for SP Funding, LLC is approximately $872K (modeled range $130K–$4.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is SP Funding, LLC at?
SP Funding, LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Oct 07.
What does SP Funding, LLC do and where is it based?
SP Funding, LLC operates in the Agriculture sector, based in BREVARD.
Explore related

See where SP Funding, 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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