PROKARNA
Private investor briefing
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Why we exist
Return the Margin
to the Country
Supply, on demand — the coordination layer between rancher and processor.
The right cattle, at the right plant, at the right time. Value and choice returned to the people closest to the land.
We put the cooler in the beef, not the beef in the cooler...
with Harvestasis™ — vascular cold-flush perfusion.
The Problem
It's Not a Capacity
Problem. It's a
Supply Problem.
Established, small-processor capacity sits idle next to orders it can't fill — because regulation makes it nearly impossible for small plants to fill orders efficiently.
$5.3B
Lost business from supply logistics
Capacity is built and idle. The orders are waiting. The two can't meet.
The market we coordinate
TAM29.1M head · ≈$8.3BAll U.S. commercial harvest
SAM4.4M head · ≈$1.2BSmall & very-small USDA plants we serve
SOM65K head · $18.5MOur funded 3-year plan (Year-3 run-rate)
The system was built for thousand-head feedlots — 80% of America's ranches don't fit.
What Prokarna Is
The Coordination
Layer
Between cattle supply and processor demand.
The right cattle, at the right plant, at the right time.
The right cattle
Harvested at peak finish — the ideal window, not fattened past it.
The right plant
USDA-inspected small plant that can cut more than they can cool.
The right time
Just-in-time, cold, hide-on carcass delivered when the order lands.
We own the coordination — not the cattle. No animals bought, no plants owned. We orchestrate.
Own coordination.
Not cattle.
How it's possible — Harvestasis™
The Cow Is
the Cooler
Harvestasis™ cools using the animal's vascular system
That makes our layer physically possible...
We put the cooler
in the beef,
not the beef
in the cooler.
Live-animal transport · Holding pens · Cold chain
What the layer runs on:
Fill the idle plants
15 → 28 Head/Day
Same Plant
Supply-on-demand fills existing plants with no new slaughter infrastructure. Prokarna's CAPEX is 1/15th of a plant expansion.
Breakeven → $13.8M
3 days/week → 5 days/week
Annual gross margin per partner plant
10%51%
Combined rancher + small-processor margin
Share of the retail beef dollar
Combined margin $608 → $3,222 per head  ·  5.3×
Sell the beef — not the calf
Source: Prokarna Margin Comparison (data room, modified 2026‑06‑11). Processor margin $1,966/head on Prokarna premium packaged beef. Baseline ≈2,300 head/yr (15 head/day × 3 days/wk) at ~breakeven; full throughput 7,000 head/yr (28 head/day × 5 days/wk). $13.8M reflects full premium throughput — a ceiling that ramps with product mix, not a base-case forecast.
The 3-Year Model
EBITDA-Positive
by Year 2
91–94% gross margins. Six revenue streams, all driven by the same vascular access. Capital-light: equipment CAPEX is lease-financed.
Revenue by streamYear 1Year 2Year 33-Yr Total
Volume — head / Prokarna $ per head
Cows cooled 1,500 / $3509,000 / $35025,000 / $35035,500
Cows bled 8,000 / $4030,000 / $7065,000 / $92.50103,000
Revenue — USD
Cooling service $525,000$3,150,000$8,750,000$12,425,000
Blood / serum $320,000$2,100,000$6,012,500$8,432,500
Equipment + consumables $300,000$900,000$1,600,000$2,800,000
Service management $60,000$450,000$1,100,000$1,610,000
Licensing $0$425,000$950,000$1,375,000
Grant consulting $160,000$96,000$48,000$304,000
Total revenue $1,365,000$7,121,000$18,460,500$26,946,500
ProfitabilityYear 1Year 2Year 33-Yr Total
EBITDA –$182,500$3,378,500$11,573,000$14,769,000
Gross margin 91.2%93.0%94.0%93.6%
The floor — this model captures only ~11% of the $2,614/head we create. At a third capture: ~$870–$1,500/head, 3–5× the model on the same network. Upside, not in the plan.
Source: Prokarna 3-Year Model v2.7 (2026-06). Head rows show head count / Prokarna revenue per head. Cooling $350/head; blood/serum net to Prokarna $40 / $70 / $92.50 per head collected (Y1/Y2/Y3) on a 50/50 processor split, pharma-grade qualification ramping to 35% by Year 3. Excludes taxes, working capital, grant award lag, and equipment-CAPEX timing. Management estimates: forward-looking, not guaranteed.
How investors get liquidity
Built to Return
Capital — Not Just
to Exit
91–94% gross margins and lease-financed CAPEX make the platform cash-generative early — so liquidity doesn't hinge on a single exit event.
Dividends
EBITDA-positive by Year 2 ($3.4M → $11.6M), CAPEX off-balance-sheet via leasing. The platform can return capital to shareholders early — most startups never reach dividend capacity.
Strategic acquisition
The most common real-world outcome: a regional or national processor, ag-infrastructure, or food-logistics buyer acquiring the coordination layer at network scale.
Secondaries
At later priced rounds, early investors can sell partial stakes to incoming investors for liquidity.
IPO
At full network scale — domestic franchise plus international licensing — a public listing for complete liquidity.
Illustrative trajectory (gated, not a forecast): at a $7.5M entry, the Year-3 model — $18.46M revenue, $11.6M EBITDA — supports meaningful enterprise-value appreciation at conservative sector multiples.
Blue sky — everything above is the floor. At a third or more of the value we create per head, revenue is 3–5× the model on the same network: ~$870–$1,500/head. Value capture compounds the case, not just volume.
Illustrative only — not a forecast, a projection of investor returns, or a guarantee. Forward-looking and subject to risk. This material is informational only and is not an offer to sell securities.
Why It's Real
Validation Underway
Regulation Mapped
How We Operate & Govern
Run Lean.
Governed for Scale.
A food-infrastructure company that uses AI for operating leverage — a lean team coordinating the layer, with Prokarna Lens™ as the efficiency engine — built to institutionalize, not to stay founder-run.
A 7-person team that runs like 30 — capital efficiency, not headcount. 3-month deploy vs. a 7-year conventional plant build.
CEO · Co-inventor
James Hansen
Capital‑markets veteran, E.F. Hutton and EVEREN alum · FAA-regulated airline operator · architect of a $1B urban TIF bond. Three decades of regulatory navigation and capital formation.
Chief Science Officer · Co-inventor
Dr. Lyn Yaffe
DoD trauma / suspended-animation research · Johns Hopkins · Navy Medical R&D · 50+ publications · 13 patents.
Sr. Director, Regulatory & Field Integration
Chris Fuller
Built & operated USDA small plants · HACCP expert · MPPEP lead · scores of small-processor relationships.
Board of Directors — majority-independent by September 2026
Founders in the minority by design. Board Advisors: David Cary (HighGround Ranch Developers) and Richard Lackey (World Food Bank Group). A standing Board Nomination Committee is filling three independent seats — building to a 7-seat, majority-independent board.
Scientific Advisory Board — forming
James Clement (Earth Optics · soil & regenerative data) · Dr. Jerrad Legako (Texas A&M meat science — in process) · Jeff Geider (Former Director TCU Ranch Management Institute).
Planned CEO succession — founding CEO → scaling CEO, with the scaling operating team in active recruitment. Studio-backed by HighGround Ranch Developers.
Counsel
Perkins Coie — outside corporate counsel.
The Ask
$250K. Now.
$7.5M cap.
The current tranche. In before Late July — when the bovine validation, grant award and grant consulting success reprice the round.
Use of funds
Equipment — pumps, piping, tanks, sensors$55K
Engineering & prototype finalization$60K
IP, legal & grants$70K
SG&A$65K
$250K
YC SAFE · $7.5M valuation cap
Return the margin to the rural economy. Own the coordination — not the cattle.
james@prokarna.com
503.307.3164
Post-Money SAFE · $7.5M valuation cap · YC standard form. Full term sheet and data room available to qualified investors on request. This presentation is for informational purposes only and does not constitute an offer to sell securities.