Companies · Food & Beverage

Blackwater Distilling, Inc.

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

Diligence memoA one-page analyst read on Blackwater Distilling, Inc. — recommendation, valuation, rhythm, risks.
$600K
Total raised · real
3
Rounds
3.5×
Latest step-up
Top 45%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Mon Nov 04 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Blackwater Distilling, 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.

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

Fair
  • Modeled value is 1.08× the median modeled value of Pre-Seed Food & Beverage companies in 2019–2021 (57 peers) — value vs value, same stage and era.
  • Within the normal band (108% of peer median) for its niche.
Dormant
  • Last raise 6.7 yr ago; this sector typically re-raises about every 15 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 Food & Beverage

Blackwater Distilling, Inc. is one of 567 Food & Beverage companies tracked from STEVENSVILLE. By capital raised it ranks mid-pack (ahead of 56% of sector peers), and mid-pack 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
2
Investors (latest)
2019-11-04
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$2.5M$5.0M$7.5M$10MPre-Seed · 2013-10-02 Raised $150K (real) Modeled valuation $3.5M (est)$150K$3.5MPre-Seed2013Pre-Seed · 2019-03-19 Raised $100K (real) Modeled valuation $2.3M (est)$100K$2.3MPre-Seed2019Pre-Seed · 2019-11-04 Raised $350K (real) Modeled valuation $8.1M (est)$350K$8.1MPre-Seed2019+$100K+$350KCumulative $600K

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$150K · 2013
Pre-Seed extension$100K · 2019
Pre-Seed extension$350K · 2019

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

Modeled valuation trajectory
$8.1M
Base estimate est.
$233K
Conservative case
$91.7M
Upside case
$1.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $3.5M · 2013-10-022013Pre-Seed · modeled $2.3M · 2019-03-19Pre-Seed · modeled $8.1M · 2019-11-042019
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.55×/yr
Annual markup
2.10×/yr upside case
6.0 yr
Elapsed time used
6.7 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
37 mo
Avg between rounds
$99K/yr
Capital velocity
12.7 yr
On record since
2013
First round
3
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) 0.5× of median
This company$600K
Sector median$1.2M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.9× of median
This company$350K
Sector median$411K
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$8.1M
Sector median$10.6M

Raised more than 56% of sector peers (real $). Modeled value above 63% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #25 of 57.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Belbridge Brewing Company, Llc · Pre-Seed Raised $975K · modeled $22.5M (est)I & A Agave Spirits LLC · Pre-Seed Raised $910K · modeled $21.0M (est)J&L Eppig Brewing LLC · Pre-Seed Raised $741K · modeled $17.1M (est)DC Brau Brewing LLC · Pre-Seed Raised $1.1M · modeled $14.2M (est)Virago Spirits, LLC · Pre-Seed Raised $575K · modeled $13.3M (est)Expat Beverages, LLC · Pre-Seed Raised $750K · modeled $12.9M (est)Safe Haven Brewing Company, Inc. · Pre-Seed Raised $750K · modeled $12.5M (est)Bluehall Bakery, LLC · Pre-Seed Raised $1.0M · modeled $12.4M (est)Vosa Spirits, LLC · Pre-Seed Raised $700K · modeled $12.3M (est)Pizza Party Inc. · Pre-Seed Raised $524K · modeled $12.1M (est)Phase 2 Cellars, LLC · Pre-Seed Raised $506K · modeled $11.7M (est)Fluid Beverages, Inc. · Pre-Seed Raised $500K · modeled $11.6M (est)Blackwater Distilling, Inc. (this company) Raised $600K · modeled $8.1M (est)Blackwater Distilling, Inc.
CompanyStageRaised · realValue · estvs peer med.
Belbridge Brewing Company, LlcPre-Seed$975K$22.5M3.00×
I & A Agave Spirits LLCPre-Seed$910K$21.0M2.80×
J&L Eppig Brewing LLCPre-Seed$741K$17.1M2.28×
DC Brau Brewing LLCPre-Seed$1.1M$14.2M1.89×
Virago Spirits, LLCPre-Seed$575K$13.3M1.77×
Expat Beverages, LLCPre-Seed$750K$12.9M1.71×
Safe Haven Brewing Company, Inc.Pre-Seed$750K$12.5M1.66×
Bluehall Bakery, LLCPre-Seed$1.0M$12.4M1.65×
Vosa Spirits, LLCPre-Seed$700K$12.3M1.64×
Pizza Party Inc.Pre-Seed$524K$12.1M1.61×
Phase 2 Cellars, LLCPre-Seed$506K$11.7M1.56×
Fluid Beverages, Inc.Pre-Seed$500K$11.6M1.54×
Blackwater Distilling, Inc. this companyPre-Seed$600K$8.1M1.08×
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$150K2013-10-02$833K$3.5M85%
Pre-Seed$100K2019-03-19$556K$2.3M90%
Pre-Seed$350K2019-11-04$1.9M$8.1M90%
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$150K2013-10-02
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Pre-Seed$100K2019-03-19
    • Raised again after 66 mo — slower than the ~15 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Pre-Seed$350K2019-11-04
    • Came back fast: 8 mo vs the ~15 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
    • 2 investors on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~37mo cadence
$1.1M
Modeled next size est.range $683K$1.7M
3.5×
Last step-up
$99K/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
Christopher B. Cook2013-10
Christopher Burton Cook2019-03
Jonathan B. Cook2013-10
Jonathan Yates Cook2019-03
Mark B. Troxler2013-10
Mark Burton Troxler2019-03
Richard B. Cook2013-10
Richard Burton Cook2019-03
Registry & provenance

Blackwater Distilling, 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
1589171
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
Apollo Beverages, LLCFood & BeveragePre-Seed$600K$13.9Msame sector · same stage
Bella Ray Beverage LLCFood & BeveragePre-Seed$600K$2.6Msame sector · same stage
Locke Distilling Holdings, LLCFood & BeveragePre-Seed$600K$13.9Msame sector · same stage
Persimmon Hollow Brewing Company, LLCFood & BeveragePre-Seed$600K$9.6Msame sector · same stage
River Siren Brewing Co LLCFood & BeveragePre-Seed$600K$11.4Msame sector · same stage
Town Kitchen PbcFood & BeveragePre-Seed$600K$13.9Msame sector · same stage
Winglore Spirits Inc.Food & BeveragePre-Seed$605K$1.8Msame sector · same stage
Cartridge Brewing, LLCFood & BeveragePre-Seed$615K$14.2Msame 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
Black Frost Distilling, LLCFood & BeverageSeries A$75.7M90%
Motherwell Distilling Co, LLCFood & BeveragePre-Seed$1.5M86%
Western Grace Distilling, Inc.Food & BeveragePre-Seed$7.3M84%
Heritage Distilling Company, Inc.Food & BeveragePre-Seed$8.9M84%
New York Distilling Company, LLCFood & BeverageSeed$386K83%
Block Distilling Company, LlcFood & BeverageSeed$24.1M83%
Woodworks Distilling Company, LlcFood & BeveragePre-Seed$6.8M83%
Shelter Distilling, Inc.Food & BeverageSeed$986K83%
Frequently asked
How much funding has Blackwater Distilling, Inc. raised?
Blackwater Distilling, Inc. has raised approximately $600K in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Blackwater Distilling, Inc.'s estimated valuation?
Provath's modeled valuation for Blackwater Distilling, Inc. is approximately $8.1M (modeled range $233K–$91.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Blackwater Distilling, Inc. at?
Blackwater Distilling, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Mon Nov 04.
What does Blackwater Distilling, Inc. do and where is it based?
Blackwater Distilling, Inc. operates in the Food & Beverage sector, based in STEVENSVILLE.
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