Companies · Agriculture

Springworks Farm Maine, Inc.

LISBON · Agriculture

Diligence memoA one-page analyst read on Springworks Farm Maine, Inc. — recommendation, valuation, rhythm, risks.
$21.2M
Total raised · real
4
Rounds
0.2×
Latest step-up
Top 13%
Sector rank · raised
Series B
Latest stage · inferred · Thu Jul 25 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Springworks Farm Maine, Inc. looks under-valued against its niche peers and is at-risk 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 0.37× the median modeled value of Series B Agriculture companies in 2022–2024 (11 peers) — value vs value, same stage and era.
At-risk
  • Last raise 23 mo ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Springworks Farm Maine, Inc. is one of 1056 Agriculture companies tracked from LISBON. By capital raised it ranks in the upper tier (ahead of 88% of sector peers), and mid-pack 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
14
Investors (latest)
2024-07-25
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$50M$100M$150M$200MPre-Seed · 2016-04-21 Raised $300K (real) Modeled valuation $4.0M (est)$300K$4.0MPre-Seed2016Pre-Seed · 2017-08-22 Raised $536K (real) Modeled valuation $7.1M (est)$536K$7.1MPre-Seed2017Series B · 2022-10-26 Raised $17M (real) Modeled valuation $112M (est)$17M$112MSeries B2022Series B · 2024-07-25 Raised $3.3M (real) Modeled valuation $16M (est)$3.3M$16MSeries B2024+$536K+$17M+$3.3MCumulative $21M

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
Pre-Seed$300K · 2016
Pre-Seed extension$536K · 2017
Series B$17.1M · 2022no Seed / Series A on file
Series B extension$3.3M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$16.2M
Base estimate est.
$7.8M
Conservative case
$28.6M
Upside case
$18.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the agriculture sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $4.0M · 2016-04-212016Pre-Seed · modeled $7.1M · 2017-08-22Series B · modeled $111.9M · 2022-10-26Series B · modeled $16.2M · 2024-07-252024
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 79% high
1.18×/yr
Annual markup
1.43×/yr upside case
1.9 yr
Elapsed time used
1.9 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
33 mo
Avg between rounds
$2.6M/yr
Capital velocity
10.2 yr
On record since
2016
First round
4
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) 9.5× above median
This company$21.2M
Sector median$2.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.2× of median
This company$3.3M
Sector median$17.4M
Modeled value — vs sector median (estimate, all stages) 1.4× above median
This company$16.2M
Sector median$11.9M

Raised more than 88% of sector peers (real $). Modeled value above 59% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #10 of 11.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Applied LifeSciences & Systems Poultry, Inc. · Series B Raised $40.4M · modeled $196.6M (est)CoverCress Inc. · Series B Raised $36.7M · modeled $184.9M (est)Alta Arbor Holdings, LLC · Series B Raised $21.5M · modeled $99.1M (est)Jushi Holdings Inc. · Series B Raised $51.8M · modeled $95.3M (est)AmplifiedAg, Inc. · Series B Raised $40.9M · modeled $70.2M (est)Lowell Farms Inc. · Series B Raised $36.4M · modeled $44.3M (est)S&W Seed Co · Series B Raised $62.3M · modeled $36.6M (est)Farming First Holdings LLC · Series B Raised $35.4M · modeled $24.5M (est)Cooks Venture, Inc. · Series B Raised $122.7M · modeled $20.0M (est)Agricultural Land Corp · Series B Raised $20.4M · modeled $7.5M (est)Springworks Farm Maine, Inc. (this company) Raised $21.2M · modeled $16.2M (est)Springworks Farm Maine, Inc.
CompanyStageRaised · realValue · estvs peer med.
Applied LifeSciences & Systems Poultry, Inc.Series B$40.4M$196.6M4.44×
CoverCress Inc.Series B$36.7M$184.9M4.17×
Alta Arbor Holdings, LLCSeries B$21.5M$99.1M2.24×
Jushi Holdings Inc.Series B$51.8M$95.3M2.15×
AmplifiedAg, Inc.Series B$40.9M$70.2M1.58×
Lowell Farms Inc.Series B$36.4M$44.3M1.00×
S&W Seed CoSeries B$62.3M$36.6M0.83×
Farming First Holdings LLCSeries B$35.4M$24.5M0.55×
Cooks Venture, Inc.Series B$122.7M$20.0M0.45×
Springworks Farm Maine, Inc. this companySeries B$21.2M$16.2M0.37×
Agricultural Land CorpSeries B$20.4M$7.5M0.17×
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.
Pre-Seed$300K2016-04-21$1.7M$4.0M85%
Pre-Seed$536K2017-08-22$3.0M$7.1M90%
Series B$17.1M2022-10-26$94.9M$111.9M90%
Series B$3.3M2024-07-25$18.3M$16.2M90%
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. Pre-Seed$300K2016-04-21
    • First recorded raise — entered as Pre-Seed.
    • 7 investors on this round.
  2. Pre-Seed$536K2017-08-22
    • Raised 16 mo later, in step with the ~11 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 04.3).
    • 6 investors on this round.
  3. Series B$17.1M2022-10-26
    • Raised again after 62 mo — slower than the ~11 mo sector norm.
    • Round 31.9× larger than the prior — scaling up.
    • 30 investors on this round.
  4. Series B$3.3M2024-07-25
    • Raised again after 21 mo — slower than the ~11 mo sector norm.
    • Round 5.2× smaller than the prior — bridge or down round.
    • 14 investors on this round.
Intelligence
2027 ~Q2
Modeled next raise · ~33mo cadence
$3.3M
Modeled next size est.range $3.3M$5.3M
0.2×
Last step-up
$2.6M/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
David Kenkel1 other2016-04
Brandie Ettinger2017-08
C.J. Davis2024-07
Elizabeth Kenkel2016-04
Henry O'Connor2022-10
Robert Porteous2016-04
Sierra Kenkel2022-10
Stephanie Kenkel2016-04
Trevor Kenkel2016-04
Registry & provenance

Springworks Farm Maine, Inc. 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
1673599
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
Agricultural Land CorpAgricultureSeries B$20.4M$7.5Msame sector · same stage
Phytelligence, Inc.AgricultureSeries B$20.2M$23.9Msame sector · same stage
Veritas Farms, Inc.AgricultureSeries B$22.6M$16.6Msame sector · same stage
Plant Path Inc.AgricultureSeries B$27.7M$13.9Msame sector · same stage
Delta Peanut, LlcAgricultureSeries B$33.9M$11.1Msame sector · same stage
Ceres, Inc.AgricultureSeries B$35.1M$20.1Msame sector · same stage
Farming First Holdings LLCAgricultureSeries B$35.4M$24.5Msame sector · same stage
FireFly Automatix, Inc.AgricultureSeed$18.8M$7.2Msame sector
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
Maine Extraction, Inc.AgriculturePre-Seed$3.3M81%
Lowell Farms Inc.AgricultureSeries B$44.3M81%
San Felasco Nurseries, Inc.AgricultureSeries A$5.2M80%
Tomato Jos, Inc.AgricultureSeries A$48.1M79%
Abbot's Butcher, Inc.AgriculturePre-Seed$6.3M79%
Rappahannock Vineyards, L.L.CAgriculturePre-Seed$3.7M79%
One Gro, Inc.AgricultureSeed$7.6M78%
Third Wave Farms, Inc.AgriculturePre-Seed$7.3M78%
Frequently asked
How much funding has Springworks Farm Maine, Inc. raised?
Springworks Farm Maine, Inc. has raised approximately $21.2M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Springworks Farm Maine, Inc.'s estimated valuation?
Provath's modeled valuation for Springworks Farm Maine, Inc. is approximately $16.2M (modeled range $7.8M–$28.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Springworks Farm Maine, Inc. at?
Springworks Farm Maine, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Jul 25.
What does Springworks Farm Maine, Inc. do and where is it based?
Springworks Farm Maine, Inc. operates in the Agriculture sector, based in LISBON.
Explore related

See where Springworks Farm Maine, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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