Diligence memo · auto-generated · as of July 2, 2026
Boundary Waters Brands, LLC
Boundary Waters Brands, LLC looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Boundary Waters Brands, LLC operates in Manufacturing, based in ST. LOUIS PARK.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Boundary Waters Brands, LLC has raised $1.3M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $800K on 2016-09-30.
Most recent recorded round closed around 2016-09-30.
Valuation (modeled)modeled
Provath models Boundary Waters Brands, LLC at approximately $12M (range $544K–$138M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.29× the median modeled value of Pre-Seed Manufacturing companies in 2016–2018 (231 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 7 months.
Last raise 9.8 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.6× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 41% of Manufacturing peers (3257 compared).
Modeled value ranks above 51% of those peers.
Closest niche peers: Thorp Lane, Inc., NANOPHASE TECHNOLOGIES Corp, WholeMe, LLC, Shock Mitigation Technologies, Inc, Southwood Holding Company, Inc..
Peoplefiled
9 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.