Diligence memo · auto-generated · as of July 2, 2026
SP Funding, LLC
SP Funding, LLC looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
SP Funding, LLC operates in Agriculture, based in BREVARD.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
SP Funding, LLC has raised $5.1M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.0M on 2014-07-01.
Most recent recorded round closed around 2016-10-07.
Valuation (modeled)modeled
Provath models SP Funding, LLC at approximately $872K (range $130K–$4.7M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.02× the median modeled value of Series A Agriculture companies in 2016–2018 (39 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 27 months.
Last raise 9.7 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 50.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 69% of Agriculture peers (1056 compared).
Modeled value ranks above 5% of those peers.
Closest niche peers: MJardin Investment, LLC, CG Investor Holding LLC, Ihemp Alliance Medical, Llc, Clearwater Organic Farms New York, LLC, Agrible, Inc..
Peoplefiled
2 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.