Diligence memo · auto-generated · as of July 2, 2026
Spyce Food Co.
Spyce Food Co. has raised $25M over 3 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Spyce Food Co. operates in Agtech / Foodtech, based in SOMERVILLE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Spyce Food Co. has raised $25M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $21M on 2018-08-24.
Most recent recorded round closed around 2018-08-24.
Valuation (modeled)modeled
Provath models Spyce Food Co. at approximately $227M (range $49M–$872M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 13 months.
Last raise 7.9 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 16.8× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 91% of Agtech / Foodtech peers (481 compared).
Modeled value ranks above 95% of those peers.
Closest niche peers: Core Nutrition, LLC, Red Monkey Foods, Inc., Agrisight Inc..
Peoplefiled
5 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.