Diligence memo · auto-generated · as of July 2, 2026
Black Frost Distilling, LLC
Black Frost Distilling, LLC looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Black Frost Distilling, LLC operates in Food & Beverage, based in NEW ULM.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Black Frost Distilling, LLC has raised $5.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.0M on 2019-07-01.
Most recent recorded round closed around 2019-07-01.
Valuation (modeled)modeled
Provath models Black Frost Distilling, LLC at approximately $76M (range $6.8M–$411M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.13× the median modeled value of Series A Food & Beverage companies in 2019–2021 (14 peers) — value vs value, same stage and era. Within the normal band (113% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 7.0 yr ago; this sector typically re-raises about every 15 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 85% of Food & Beverage peers (567 compared).
Modeled value ranks above 94% of those peers.
Closest niche peers: Drop Kitchen, Inc., Bright Cellars Inc., Lagom Kitchen Co, Wildpack Beverage Alberta Inc., Toast Spirits LLC.
Peoplefiled
2 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.