Companies · Food & Beverage

Athletic Brewing Co LLC

STRATFORD · Food & Beverage · refined from filed group “Other

Diligence memoA one-page analyst read on Athletic Brewing Co LLC — recommendation, valuation, rhythm, risks.
$40.5M
Total raised · real
5
Rounds
4.5×
Latest step-up
Top 4%
Sector rank · raised
Series B
Latest stage · inferred · Mon Nov 02 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Athletic Brewing Co LLC looks over-valued 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.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.70× the median modeled value of Series B Food & Beverage companies in 2019–2021 (6 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.7 yr ago; this sector typically re-raises about every 15 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Athletic Brewing Co LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
8.8 yr record
Peak capital year was 2020 with $30.0M across 1 filings.
Market position
ahead of 97% of Food & Beverage peers
Capital scale is ahead of 97% of Food & Beverage peers; modeled value is above 98% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2020: $30.0M across 1 filings.
  • Largest single filing was $30.0M on 2020-11-02.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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 Food & Beverage

Athletic Brewing Co LLC is one of 567 Food & Beverage companies tracked from STRATFORD. By capital raised it ranks among the largest (ahead of 97% 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.

food-beverage

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
40
Investors (latest)
2017
Year incorporated
2020-11-02
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$125M$250M$375M$500MPre-Seed · 2017-08-31 Raised $250K (real) Modeled valuation $5.8M (est)$250K$5.8MPre-Seed2017Pre-Seed · 2018-09-21 Raised $500K (real) Modeled valuation $12M (est)$500K$12MPre-Seed2018Seed · 2019-04-26 Raised $3.1M (real) Modeled valuation $58M (est)$3.1M$58MSeed2019Series A · 2019-12-31 Raised $6.7M (real) Modeled valuation $101M (est)$6.7M$101MSeries A2019Series B · 2020-11-02 Raised $30M (real) Modeled valuation $459M (est)$30M$459MSeries B2020+$500K+$3.1M+$6.7M+$30MCumulative $41M

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$250K · 2017
Pre-Seed extension$500K · 2018
Seed$3.1M · 2019
Series A$6.7M · 2019
Series B$30.0M · 2020

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$458.5M
Base estimate est.
$75.0M
Conservative case
$1.7B
Upside case
$166.7M
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. Directional, not a quoted figure.

Pre-Seed · modeled $5.8M · 2017-08-312017Pre-Seed · modeled $11.6M · 2018-09-21Seed · modeled $58.0M · 2019-04-26Series A · modeled $100.8M · 2019-12-31Series B · modeled $458.5M · 2020-11-022020
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
5.7 yr
Elapsed time used
5.7 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$12.8M/yr
Capital velocity
8.8 yr
On record since
2017
First round
5
Rounds on file
How it compares to the market

Benchmarked against 567 companies in Food & Beverage. 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) 34× above median
This company$40.5M
Sector median$1.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.5× above median
This company$30.0M
Sector median$19.7M
Modeled value — vs sector median (estimate, all stages) 43× above median
This company$458.5M
Sector median$10.6M

Raised more than 97% of sector peers (real $). Modeled value above 98% 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 #1 of 6.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Nelson's Green Brier Distillery, LLC · Series B Raised $22.2M · modeled $332.4M (est)Feast Kitchen Inc. · Series B Raised $32.6M · modeled $198.5M (est)Wp Beverages, Llc · Series B Raised $31.5M · modeled $140.5M (est)Spindrift Beverage Co., Inc. · Series B Raised $78.7M · modeled $52.3M (est)Zen Beverage Investors, LLC · Series B Raised $21.0M · modeled $25.6M (est)Athletic Brewing Co LLC (this company) Raised $40.5M · modeled $458.5M (est)Athletic Brewing Co LLC
CompanyStageRaised · realValue · estvs peer med.
Athletic Brewing Co LLC this companySeries B$40.5M$458.5M2.70×
Nelson's Green Brier Distillery, LLCSeries B$22.2M$332.4M1.96×
Feast Kitchen Inc.Series B$32.6M$198.5M1.17×
Wp Beverages, LlcSeries B$31.5M$140.5M0.83×
Spindrift Beverage Co., Inc.Series B$78.7M$52.3M0.31×
Zen Beverage Investors, LLCSeries B$21.0M$25.6M0.15×
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$250K2017-08-31$1.4M$5.8M90%
Pre-Seed$500K2018-09-21$2.8M$11.6M90%
Seed$3.1M2019-04-26$15.6M$58.0M90%
Series A$6.7M2019-12-31$30.3M$100.8M90%
Series B$30.0M2020-11-02$166.7M$458.5M90%
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$250K2017-08-31
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Pre-Seed$500K2018-09-21
    • Raised 13 mo later, in step with the ~15 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 19 investors on this round.
  3. Seed$3.1M2019-04-26
    • Came back fast: 7 mo vs the ~15 mo sector norm.
    • Round 6.2× larger than the prior — scaling up.
    • 28 investors on this round.
  4. Series A$6.7M2019-12-31
    • Came back fast: 8 mo vs the ~15 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 4 investors on this round.
  5. Series B$30.0M2020-11-02
    • Raised 10 mo later, in step with the ~15 mo sector norm.
    • Round 4.5× larger than the prior — scaling up.
    • 40 investors on this round.
Intelligence
2021 ~Q3
Modeled next raise · ~10mo cadence
$90.0M
Modeled next size est.range $58.5M$144.0M
4.5×
Last step-up
$12.8M/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
William Shufelt1 other2017-08
Registry & provenance

Athletic Brewing Co LLC 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
1716855
SEC CIK
2017
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
Spirits Global Inc.Food & BeverageSeries B$40.7M$285.4Msame sector · same stage
Restaurant Private I, IncFood & BeverageSeries B$40.0M$664.6Msame sector · same stage
High Brew Coffee, Inc.Food & BeverageSeries B$47.2M$328.1Msame sector · same stage
CafeX Communications Inc.Food & BeverageSeries B$47.8M$268.2Msame sector · same stage
Heaven's Door Spirits, LLCFood & BeverageSeries B$33.8M$561.5Msame sector · same stage
Feast Kitchen Inc.Food & BeverageSeries B$32.6M$198.5Msame sector · same stage
Splash Beverage Group, Inc.Food & BeverageSeries B$50.8M$161.9Msame sector · same stage
Wp Beverages, LlcFood & BeverageSeries B$31.5M$140.5Msame 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
Athletic Brewing Holding Co LLCFood & BeverageSeries C$517.9M96%
Elevation Beer Company, LLCOtherPre-Seed$11.6M84%
Wisconsin Brewing Company, LLCFood & BeverageSeries A$6.2M84%
Community Brewing Ventures, LLCFood & BeverageSeed$30.0M84%
All About Beer, LLCOtherPre-Seed$2.9M84%
Spring Creek Brewing Co LLCFood & BeveragePre-Seed$23.1M83%
Brew ND, LLCFood & BeveragePre-Seed$907K83%
First State Brewing Company, LLCFood & BeveragePre-Seed$15.3M83%
Frequently asked
How much funding has Athletic Brewing Co LLC raised?
Athletic Brewing Co LLC has raised approximately $40.5M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Athletic Brewing Co LLC's estimated valuation?
Provath's modeled valuation for Athletic Brewing Co LLC is approximately $458.5M (modeled range $75.0M–$1.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Athletic Brewing Co LLC at?
Athletic Brewing Co LLC's latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Nov 02.
What does Athletic Brewing Co LLC do and where is it based?
Athletic Brewing Co LLC operates in the Food & Beverage sector, based in STRATFORD.
Explore related

See where Athletic Brewing Co LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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