Companies · Other

BSB-Brown Sugar Bourbon LLC

Dallas · Other

Diligence memoA one-page analyst read on BSB-Brown Sugar Bourbon LLC — recommendation, valuation, rhythm, risks.
$29.9M
Total raised · real
3
Rounds
3.2×
Latest step-up
Top 12%
Sector rank · raised
Series B
Latest stage · inferred · Fri Jan 19 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

BSB-Brown Sugar Bourbon LLC looks under-valued against its niche peers and is at-risk 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.

Under-valued
  • Modeled value is 0.36× the median modeled value of Series B Other companies in 2022–2024 (465 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.5 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.

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

Issuer-vehicle patternmedium confidence

BSB-Brown Sugar Bourbon 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
7.0 yr record
Peak capital year was 2019 with $19.0M across 1 filings.
Market position
ahead of 89% of Other peers
Capital scale is ahead of 89% of Other peers; modeled value is above 74% 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
Lower 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.
  • Sector is still broad/Other, so operating comparables are weak.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2019: $19.0M across 1 filings.
  • Largest single filing was $19.0M on 2019-07-01.
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 Other

BSB-Brown Sugar Bourbon LLC is one of 25015 Other companies tracked from Dallas. By capital raised it ranks in the upper tier (ahead of 89% of sector peers), and in the upper tier 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
59
Investors (latest)
2019
Year incorporated
2024-01-19
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$500MSeries B · 2019-07-01 Raised $19M (real) Modeled valuation $316M (est)$19M$316MSeries B2019Series B · 2021-01-22 Raised $2.6M (real) Modeled valuation $38M (est)$2.6M$38MSeries B2021Series B · 2024-01-19 Raised $8.3M (real) Modeled valuation $58M (est)$8.3M$58MSeries B2024+$2.6M+$8.3MCumulative $30M

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
Series B$19.0M · 2019
Series B extension$2.6M · 2021
Series B extension$8.3M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$57.6M
Base estimate est.
$20.8M
Conservative case
$112.4M
Upside case
$46.3M
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.

Series B · modeled $315.7M · 2019-07-012019Series B · modeled $37.6M · 2021-01-22Series B · modeled $57.6M · 2024-01-192024
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
2.5 yr
Elapsed time used
2.5 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
27 mo
Avg between rounds
$6.6M/yr
Capital velocity
7.0 yr
On record since
2019
First round
3
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. 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) 15× above median
This company$29.9M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.4× of median
This company$8.3M
Sector median$19.6M
Modeled value — vs sector median (estimate, all stages) 3.3× above median
This company$57.6M
Sector median$17.7M

Raised more than 89% of sector peers (real $). Modeled value above 74% 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 #385 of 465.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Ever/Body, Inc. · Series B Raised $64.2M · modeled $430.5M (est)Financeware Holdings LLC · Series B Raised $59.7M · modeled $413.3M (est)American Cricket Enterprises Inc. · Series B Raised $39.0M · modeled $409.5M (est)Xlerate Ultimate Holdings, Lp · Series B Raised $62.2M · modeled $406.2M (est)MDME Ultimate Holdings, LP · Series B Raised $39.9M · modeled $395.7M (est)aXiomatic, LLC · Series B Raised $138.8M · modeled $389.6M (est)Moov Financial, Inc. · Series B Raised $69.2M · modeled $378.6M (est)NovaVision Holdings, LLC · Series B Raised $38.4M · modeled $374.2M (est)Ttxa Ii 2022, Lp · Series B Raised $35.0M · modeled $369.6M (est)Encamp, Inc. · Series B Raised $54.0M · modeled $363.4M (est)JAF Communications Holdings, LLC · Series B Raised $36.8M · modeled $358.9M (est)Enboarder Inc. · Series B Raised $39.7M · modeled $357.3M (est)BSB-Brown Sugar Bourbon LLC (this company) Raised $29.9M · modeled $57.6M (est)BSB-Brown Sugar Bourbon LLC
CompanyStageRaised · realValue · estvs peer med.
Ever/Body, Inc.Series B$64.2M$430.5M2.73×
Financeware Holdings LLCSeries B$59.7M$413.3M2.62×
American Cricket Enterprises Inc.Series B$39.0M$409.5M2.59×
Xlerate Ultimate Holdings, LpSeries B$62.2M$406.2M2.57×
MDME Ultimate Holdings, LPSeries B$39.9M$395.7M2.51×
aXiomatic, LLCSeries B$138.8M$389.6M2.47×
Moov Financial, Inc.Series B$69.2M$378.6M2.40×
NovaVision Holdings, LLCSeries B$38.4M$374.2M2.37×
Ttxa Ii 2022, LpSeries B$35.0M$369.6M2.34×
Encamp, Inc.Series B$54.0M$363.4M2.30×
JAF Communications Holdings, LLCSeries B$36.8M$358.9M2.27×
Enboarder Inc.Series B$39.7M$357.3M2.26×
BSB-Brown Sugar Bourbon LLC this companySeries B$29.9M$57.6M0.36×
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.
Series B$19.0M2019-07-01$105.6M$315.7M90%
Series B$2.6M2021-01-22$14.4M$37.6M90%
Series B$8.3M2024-01-19$46.3M$57.6M90%
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. Series B$19.0M2019-07-01
    • First recorded raise — entered as Series B.
  2. Series B$2.6M2021-01-22
    • Raised again after 19 mo — slower than the ~11 mo sector norm.
    • Round 7.3× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  3. Series B$8.3M2024-01-19
    • Raised again after 36 mo — slower than the ~11 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
    • 59 investors on this round.
Intelligence
2026 ~Q2
Modeled next raise · ~27mo cadence
$25.0M
Modeled next size est.range $16.2M$40.0M
3.2×
Last step-up
$6.6M/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
Justin Stiefel2 other2019-07
David Edwab1 other2019-07
Jennifer Stiefel1 other2019-07
LAURA BAUMANN1 other2019-07
Marshall Watson1 other2019-07
Chester Brandes2021-01
Kyle Stein2021-01
Rudolph Costello2021-01
Sean Penn2021-01
Shawn Thurman2024-01
Registry & provenance

BSB-Brown Sugar Bourbon 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
1782255
SEC CIK
2019
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
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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
Brown Water Bourbon Xchange, LLCOtherPre-Seed$6.0M84%
Hand Barrel Bourbon, LlcOtherPre-Seed$13.4M84%
Brown Water Spirits LLCFood & BeveragePre-Seed$16.2M82%
Puncher's Chance Bourbon, LLCOtherSeed$19.4M81%
Blue Run Spirits, LLCFood & BeverageSeries A$52.6M80%
Beach Whiskey LLCOtherSeed$65.6M80%
Barrell Craft Spirits, LLCFood & BeverageSeed$61.4M79%
Buji Brown Butter. LLCOtherPre-Seed$547K79%
Frequently asked
How much funding has BSB-Brown Sugar Bourbon LLC raised?
BSB-Brown Sugar Bourbon LLC has raised approximately $29.9M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is BSB-Brown Sugar Bourbon LLC's estimated valuation?
Provath's modeled valuation for BSB-Brown Sugar Bourbon LLC is approximately $57.6M (modeled range $20.8M–$112.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is BSB-Brown Sugar Bourbon LLC at?
BSB-Brown Sugar Bourbon LLC's latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Jan 19.
What does BSB-Brown Sugar Bourbon LLC do and where is it based?
BSB-Brown Sugar Bourbon LLC operates in the Other sector, based in Dallas.
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