Companies · Agriculture

Vital Farms, Inc.

AUSTIN · Agriculture

Diligence memoA one-page analyst read on Vital Farms, Inc. — recommendation, valuation, rhythm, risks.
$47.7M
Total raised · real
7
Rounds
1.4×
Latest step-up
Top 7%
Sector rank · raised
Series B
Latest stage · inferred · Tue Mar 05 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Vital Farms, 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 0.79× the median modeled value of Series B Agriculture companies in 2019–2021 (18 peers) — value vs value, same stage and era.
  • Within the normal band (79% of peer median) for its niche.
Dormant
  • Last raise 7.3 yr ago; this sector typically re-raises about every 11 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 Agriculture

Vital Farms, Inc. is one of 1056 Agriculture companies tracked from AUSTIN. By capital raised it ranks among the largest (ahead of 94% 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
1
Investors (latest)
2019-03-05
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 · 2013-06-11 Raised $2.4M (real) Modeled valuation $25M (est)Seed2013Series A · 2013-07-02 Raised $4.5M (real) Modeled valuation $39M (est)Series A2013Series A · 2014-09-19 Raised $2.3M (real) Modeled valuation $20M (est)Series A2014Seed · 2014-09-19 Raised $2.3M (real) Modeled valuation $24M (est)Seed2014Series A · 2015-01-05 Raised $4.5M (real) Modeled valuation $39M (est)Series A2015Series A · 2015-12-03 Raised $8.0M (real) Modeled valuation $70M (est)Series A2015Series A · 2017-04-05 Raised $11M (real) Modeled valuation $97M (est)Series A2017Series B · 2019-03-05 Raised $15M (real) Modeled valuation $144M (est)Series B2019+$4.5M+$2.3M+$2.3M+$4.5M+$8.0M+$11M+$15MCumulative $50M

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$2.4M · 2013
Series A$4.5M · 2013
Series A extension$2.3M · 2014
Bridge · Series A-stage$2.3M · 2014smaller follow-on
Series A extension$4.5M · 2015
Series A extension$8.0M · 2015
Series A extension$11.1M · 2017
Series B$15.0M · 2019

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
$143.6M
Base estimate est.
$35.6M
Conservative case
$552.5M
Upside case
$83.3M
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.

Seed · modeled $25.2M · 2013-06-112013Series A · modeled $39.2M · 2013-07-02Series A · modeled $19.6M · 2014-09-19Seed · modeled $24.1M · 2014-09-19Series A · modeled $39.2M · 2015-01-05Series A · modeled $69.7M · 2015-12-03Series A · modeled $96.8M · 2017-04-05Series B · modeled $143.6M · 2019-03-052019
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
6.0 yr
Elapsed time used
7.3 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$8.3M/yr
Capital velocity
13.1 yr
On record since
2013
First round
8
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) 21× above median
This company$47.7M
Sector median$2.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.9× of median
This company$15.0M
Sector median$17.4M
Modeled value — vs sector median (estimate, all stages) 12× above median
This company$143.6M
Sector median$11.9M

Raised more than 94% of sector peers (real $). Modeled value above 91% 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 #13 of 18.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)FIG MariCap White Buffalo, LLC · Series B Raised $35.0M · modeled $335.0M (est)MariCap White Buffalo AI, LLC · Series B Raised $35.0M · modeled $335.0M (est)Bluhen Botanicals LLC · Series B Raised $34.6M · modeled $287.7M (est)MariCap White Buffalo QP, LLC · Series B Raised $30.0M · modeled $287.1M (est)Chemlock Holdings LLC · Series B Raised $33.3M · modeled $272.4M (est)Integrated CBD LLC · Series B Raised $38.2M · modeled $237.7M (est)Anchor Ingredients Co., LLC · Series B Raised $30.8M · modeled $231.2M (est)NAF Investors, LLC · Series B Raised $20.8M · modeled $199.3M (est)Advanced Green Holdings, Inc. · Series B Raised $20.1M · modeled $191.4M (est)Patton Farms, Inc · Series B Raised $18.1M · modeled $173.5M (est)Scotts Miracle-Gro Co · Series B Raised $56.9M · modeled $161.1M (est)NW Straw Pulp LLC · Series B Raised $30.1M · modeled $150.6M (est)Vital Farms, Inc. (this company) Raised $47.7M · modeled $143.6M (est)Vital Farms, Inc.
CompanyStageRaised · realValue · estvs peer med.
FIG MariCap White Buffalo, LLCSeries B$35.0M$335.0M1.84×
MariCap White Buffalo AI, LLCSeries B$35.0M$335.0M1.84×
Bluhen Botanicals LLCSeries B$34.6M$287.7M1.58×
MariCap White Buffalo QP, LLCSeries B$30.0M$287.1M1.57×
Chemlock Holdings LLCSeries B$33.3M$272.4M1.49×
Integrated CBD LLCSeries B$38.2M$237.7M1.30×
Anchor Ingredients Co., LLCSeries B$30.8M$231.2M1.27×
NAF Investors, LLCSeries B$20.8M$199.3M1.09×
Advanced Green Holdings, Inc.Series B$20.1M$191.4M1.05×
Patton Farms, IncSeries B$18.1M$173.5M0.95×
Scotts Miracle-Gro CoSeries B$56.9M$161.1M0.88×
NW Straw Pulp LLCSeries B$30.1M$150.6M0.83×
Vital Farms, Inc. this companySeries B$47.7M$143.6M0.79×
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$2.4M2013-06-11$11.8M$25.2M85%
Series A$4.5M2013-07-02$20.5M$39.2M85%
Series A$2.3M2014-09-19$10.2M$19.6M85%
Seed$2.3M2014-09-19$11.3M$24.1M85%
Series A$4.5M2015-01-05$20.5M$39.2M85%
Series A$8.0M2015-12-03$36.4M$69.7M85%
Series A$11.1M2017-04-05$50.5M$96.8M90%
Series B$15.0M2019-03-05$83.3M$143.6M90%
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$2.4M2013-06-11
    • First recorded raise — entered as Seed.
    • 2 investors on this round.
  2. Series A$4.5M2013-07-02
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 5 investors on this round.
  3. Series A$2.3M2014-09-19
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Seed$2.3M2014-09-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  5. Series A$4.5M2015-01-05
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 11 investors on this round.
  6. Series A$8.0M2015-12-03
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 2 investors on this round.
  7. Series A$11.1M2017-04-05
    • Raised 16 mo later, in step with the ~11 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 2 investors on this round.
  8. Series B$15.0M2019-03-05
    • Raised again after 23 mo — slower than the ~11 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2019 ~Q4
Modeled next raise · ~10mo cadence
$20.3M
Modeled next size est.range $15.0M$32.4M
1.4×
Last step-up
$8.3M/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
Alan Kelley6 other2014-09
Stephen Hughes5 other2017-04
ANDREW HEINTZMAN4 other2014-09
Karl Khoury4 other2015-12
Betsy Foster3 other2017-04
Jason Jones2 other2014-09
Steve Young2 other2019-03
Alan Kelly1 other2017-04
Jason Dale1 other2017-04
Matthew O'Hayer1 other2013-06
Andrew Heintyman2014-09
Matt O'Hayer2013-07
Russell Diez-Canseco2017-04
Tony Davis2017-04
Registry & provenance

Vital Farms, 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
1579733
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
Cooks Venture, Inc.AgricultureSeries B$122.7M$20.0Mnetwork1 shared operator · same sector · same stage
Maple Hill Creamery LLCManufacturingSeries B$15.5M$170.0Mnetwork2 shared operators · same stage
Advanced Animal Diagnostics IncAgricultureSeries B$44.0M$28.2Msame sector · same stage
Jushi Holdings Inc.AgricultureSeries B$51.8M$95.3Msame sector · same stage
San Simon Estate Land Company, LLCAgricultureSeries B$52.1M$229.7Msame sector · same stage
AmplifiedAg, Inc.AgricultureSeries B$40.9M$70.2Msame sector · same stage
Applied LifeSciences & Systems Poultry, Inc.AgricultureSeries B$40.4M$196.6Msame sector · same stage
Local Bounti Corporation/DEAgricultureSeries B$40.3M$110.1Msame 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
Flourish Farm, Inc.AgriculturePre-Seed$6.0M87%
Apex Farms Corp.AgriculturePre-Seed$13.3M85%
Organic Growth Holdings, IncAgricultureSeed$6.1M85%
Zero Acre Farms Inc.AgriculturePre-Seed$2.0M85%
Living Greens Farm, Inc.AgricultureSeed$32.1M84%
Kind Farms LLCAgricultureSeed$1.0M84%
MediSun Farms, LLCAgriculturePre-Seed$1.3M84%
Edible Garden AG IncAgricultureSeed$23.0M84%
Frequently asked
How much funding has Vital Farms, Inc. raised?
Vital Farms, Inc. has raised approximately $47.7M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Vital Farms, Inc.'s estimated valuation?
Provath's modeled valuation for Vital Farms, Inc. is approximately $143.6M (modeled range $35.6M–$552.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Vital Farms, Inc. at?
Vital Farms, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Mar 05.
What does Vital Farms, Inc. do and where is it based?
Vital Farms, Inc. operates in the Agriculture sector, based in AUSTIN.
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