Companies · Agtech / Foodtech

Tortuga Agricultural Technologies, Inc.

DENVER · Agtech / Foodtech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Tortuga Agricultural Technologies, Inc. — recommendation, valuation, rhythm, risks.
$27.6M
Total raised · real
3
Rounds
0.6×
Latest step-up
Top 10%
Sector rank · raised
Series B
Latest stage · inferred · Mon Feb 01 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Tortuga Agricultural Technologies, Inc. looks fair 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.

Fair
  • Modeled value is 0.99× the median modeled value of Series B Agtech / Foodtech companies in 2019–2021 (16 peers) — value vs value, same stage and era.
  • Within the normal band (99% of peer median) for its niche.
Dormant
  • Last raise 5.4 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal 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 Agtech / Foodtech

Tortuga Agricultural Technologies, Inc. is one of 481 Agtech / Foodtech companies tracked from DENVER. By capital raised it ranks among the largest (ahead of 91% 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
8
Investors (latest)
2016
Year incorporated
2021-02-01
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$200MSeed · 2017-08-24 Raised $2.6M (real) Modeled valuation $31M (est)$2.6M$31MSeed2017Series A · 2019-05-03 Raised $5.0M (real) Modeled valuation $49M (est)$5.0M$49MSeries A2019Series B · 2021-02-01 Raised $20M (real) Modeled valuation $193M (est)$20M$193MSeries B2021Series A · 2021-02-01 Raised $13M (real) Modeled valuation $109M (est)$13M$109MSeries A2021+$5.0M+$20M+$13MCumulative $40M

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
Seed$2.6M · 2017
Series A$5.0M · 2019
Series B$20.0M · 2021
Bridge · Series B-stage$12.8M · 2021smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$193.4M
Base estimate est.
$47.0M
Conservative case
$665.0M
Upside case
$111.1M
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.

Seed · modeled $30.9M · 2017-08-242017Series A · modeled $49.1M · 2019-05-03Series B · modeled $193.4M · 2021-02-01Series A · modeled $109.0M · 2021-02-012021
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.20×/yr
Annual markup
1.46×/yr upside case
5.4 yr
Elapsed time used
5.4 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$8.0M/yr
Capital velocity
8.9 yr
On record since
2017
First round
4
Rounds on file
How it compares to the market

Benchmarked against 481 companies in Agtech / Foodtech. 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) 8.2× above median
This company$27.6M
Sector median$3.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.7× of median
This company$12.8M
Sector median$19.4M
Modeled value — vs sector median (estimate, all stages) 16× above median
This company$193.4M
Sector median$12.2M

Raised more than 91% of sector peers (real $). Modeled value above 94% 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 16.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Green Grass Foods Inc · Series B Raised $36.8M · modeled $362.2M (est)Real Good Food Co LLC · Series B Raised $35.0M · modeled $322.4M (est)Bellwether Coffee Co. · Series B Raised $85.8M · modeled $270.9M (est)Sprout Foods, Inc · Series B Raised $32.2M · modeled $269.4M (est)Gathered Foods Corp · Series B Raised $74.1M · modeled $259.0M (est)Plantible Foods Inc. · Series B Raised $27.3M · modeled $235.3M (est)HBS Research Farms, LLC · Series B Raised $21.3M · modeled $198.3M (est)Emerald Organic Products, Inc. · Series B Raised $20.0M · modeled $195.0M (est)Navarro Farms MO, LLC · Series B Raised $23.6M · modeled $194.2M (est)Konscious Foods Inc. · Series B Raised $21.0M · modeled $188.2M (est)New Wave Foods, Inc. · Series B Raised $17.9M · modeled $180.4M (est)Tortuga Agricultural Technologies, Inc. (this company) Raised $27.6M · modeled $193.4M (est)Tortuga Agricultural Technologies, Inc.
CompanyStageRaised · realValue · estvs peer med.
Green Grass Foods IncSeries B$36.8M$362.2M1.86×
Real Good Food Co LLCSeries B$35.0M$322.4M1.66×
Bellwether Coffee Co.Series B$85.8M$270.9M1.39×
Sprout Foods, IncSeries B$32.2M$269.4M1.38×
Gathered Foods CorpSeries B$74.1M$259.0M1.33×
Plantible Foods Inc.Series B$27.3M$235.3M1.21×
HBS Research Farms, LLCSeries B$21.3M$198.3M1.02×
Emerald Organic Products, Inc.Series B$20.0M$195.0M1.00×
Navarro Farms MO, LLCSeries B$23.6M$194.2M1.00×
Tortuga Agricultural Technologies, Inc. this companySeries B$27.6M$193.4M0.99×
Konscious Foods Inc.Series B$21.0M$188.2M0.97×
New Wave Foods, Inc.Series B$17.9M$180.4M0.93×
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.
Seed$2.6M2017-08-24$12.8M$30.9M90%
Series A$5.0M2019-05-03$22.7M$49.1M90%
Series B$20.0M2021-02-01$111.1M$193.4M90%
Series A$12.8M2021-02-01$58.1M$109.0M90%
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. Seed$2.6M2017-08-24
    • First recorded raise — entered as Seed.
    • 23 investors on this round.
  2. Series A$5.0M2019-05-03
    • Raised 20 mo later, in step with the ~14 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 9 investors on this round.
  3. Series B$20.0M2021-02-01
    • Raised again after 21 mo — slower than the ~14 mo sector norm.
    • Round 4.0× larger than the prior — scaling up.
    • 15 investors on this round.
  4. Series A$12.8M2021-02-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 8 investors on this round.
Intelligence
2022 ~Q1
Modeled next raise · ~14mo cadence
$12.8M
Modeled next size est.range $12.8M$20.4M
0.6×
Last step-up
$8.0M/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
Larry Page9 other2021-02
Marc Tarpenning3 other2021-02
Eric Adamson1 other2017-08
Rob Veres1 other2019-05
Tim Brackbill2017-08
Timothy Brackbill2019-05
Registry & provenance

Tortuga Agricultural Technologies, 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
1691618
SEC CIK
2016
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
AgroSpheres, Inc.Agtech / FoodtechSeries B$34.9M$45.9Mnetwork1 shared operator · same sector · same stage
New Frontier Foods Inc.Agtech / FoodtechSeries B$27.7M$153.6Msame sector · same stage
Plantible Foods Inc.Agtech / FoodtechSeries B$27.3M$235.3Msame sector · same stage
MUSH Foods Inc.Agtech / FoodtechSeries B$27.2M$166.5Msame sector · same stage
Partake Foods, Inc.Agtech / FoodtechSeries B$28.3M$161.9Msame sector · same stage
Spyce Food Co.Agtech / FoodtechSeries B$24.9M$226.7Msame sector · same stage
Muse Organic, LLCAgtech / FoodtechSeries B$24.4M$6.5Msame sector · same stage
Red Monkey Foods, Inc.Agtech / FoodtechSeries B$23.8M$256.5Msame 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
Tc Farm IncAgtech / FoodtechSeed$7.8M86%
AgriData, Inc.Agtech / FoodtechPre-Seed$3.7M86%
Agrisync, Inc.Agtech / FoodtechPre-Seed$7.3M85%
Farm Brigge, LLCAgtech / FoodtechPre-Seed$1.4M85%
Agrivida IncAgtech / FoodtechSeries B$42.2M85%
Ando Food, Inc.Agtech / FoodtechSeries A$102.4M84%
Farm One, Inc.Agtech / FoodtechSeed$24.1M84%
Agrippa Technology Inc.Agtech / FoodtechPre-Seed$848K84%
Frequently asked
How much funding has Tortuga Agricultural Technologies, Inc. raised?
Tortuga Agricultural Technologies, Inc. has raised approximately $27.6M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Tortuga Agricultural Technologies, Inc.'s estimated valuation?
Provath's modeled valuation for Tortuga Agricultural Technologies, Inc. is approximately $193.4M (modeled range $47.0M–$665.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tortuga Agricultural Technologies, Inc. at?
Tortuga Agricultural Technologies, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Feb 01.
What does Tortuga Agricultural Technologies, Inc. do and where is it based?
Tortuga Agricultural Technologies, Inc. operates in the Agtech / Foodtech sector, based in DENVER.
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