Companies · Manufacturing

Fair State Brewing Cooperative

MINNEAPOLIS · Manufacturing

Diligence memoA one-page analyst read on Fair State Brewing Cooperative — recommendation, valuation, rhythm, risks.
$213K
Total raised · real
1
Rounds
Latest step-up
Top 91%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Aug 29 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

Fair State Brewing Cooperative 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. Valuation uses the manufacturing sector profile.

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

Fair
  • Modeled value is 0.70× the median modeled value of Pre-Seed Manufacturing companies in 2013–2015 (248 peers) — value vs value, same stage and era.
  • Within the normal band (70% of peer median) for its niche.
Dormant
  • Last raise 12.8 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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 Manufacturing

Fair State Brewing Cooperative is one of 3257 Manufacturing companies tracked from MINNEAPOLIS. By capital raised it ranks in the long tail (ahead of 10% of sector peers), and in the long tail 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
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2013-08-29 Raised $213K (real) Modeled valuation $3.2M (est)$213K$3.2MPre-Seed2013

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$213K · 2013

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

Modeled valuation trajectory
$3.2M
Base estimate est.
$145K
Conservative case
$36.8M
Upside case
$1.2M
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 scaled by the manufacturing sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
31%
Survival probability
12% low · 56% high
1.44×/yr
Annual markup
1.95×/yr upside case
6.0 yr
Elapsed time used
12.8 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
12.8 yr
On record since
2013
First round
1
Rounds on file
How it compares to the market

Benchmarked against 3257 companies in Manufacturing. 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) 0.1× of median
This company$213K
Sector median$2.0M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.6× of median
This company$213K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$3.2M
Sector median$12.0M

Raised more than 10% of sector peers (real $). Modeled value above 23% 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 #163 of 248.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)IRradiance Glass, Inc. · Pre-Seed Raised $1.0M · modeled $15.3M (est)On Track Enterprises, Inc. · Pre-Seed Raised $1.0M · modeled $15.3M (est)Perham Egg Ohio LLC · Pre-Seed Raised $2.5M · modeled $15.3M (est)OxCart Products LLC · Pre-Seed Raised $1.0M · modeled $15.3M (est)N P Design, Inc. · Pre-Seed Raised $1.0M · modeled $15.3M (est)Mojo Organics, Inc. · Pre-Seed Raised $2.6M · modeled $15.3M (est)Protective Sports Equipment International, Inc. · Pre-Seed Raised $1.0M · modeled $15.3M (est)K C HiLites, Inc. · Pre-Seed Raised $1.0M · modeled $15.3M (est)B. E. Peterson Inc. · Pre-Seed Raised $1.0M · modeled $15.3M (est)Selas Heat Technology Co LLC · Pre-Seed Raised $1.0M · modeled $15.3M (est)Plusfoam Compound Technologies LLC · Pre-Seed Raised $1.0M · modeled $15.3M (est)Ldb Beverage Co · Pre-Seed Raised $989K · modeled $15.1M (est)Fair State Brewing Cooperative (this company) Raised $213K · modeled $3.2M (est)Fair State Brewing Cooperative
CompanyStageRaised · realValue · estvs peer med.
IRradiance Glass, Inc.Pre-Seed$1.0M$15.3M3.30×
On Track Enterprises, Inc.Pre-Seed$1.0M$15.3M3.30×
Perham Egg Ohio LLCPre-Seed$2.5M$15.3M3.30×
OxCart Products LLCPre-Seed$1.0M$15.3M3.30×
N P Design, Inc.Pre-Seed$1.0M$15.3M3.30×
Mojo Organics, Inc.Pre-Seed$2.6M$15.3M3.30×
Protective Sports Equipment International, Inc.Pre-Seed$1.0M$15.3M3.30×
K C HiLites, Inc.Pre-Seed$1.0M$15.3M3.30×
B. E. Peterson Inc.Pre-Seed$1.0M$15.3M3.30×
Selas Heat Technology Co LLCPre-Seed$1.0M$15.3M3.30×
Plusfoam Compound Technologies LLCPre-Seed$1.0M$15.3M3.30×
Ldb Beverage CoPre-Seed$989K$15.1M3.27×
Fair State Brewing Cooperative this companyPre-Seed$213K$3.2M0.70×
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$213K2013-08-29$1.2M$3.2M90%
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$213K2013-08-29
    • First recorded raise — entered as Pre-Seed.
Intelligence
Modeled next raise
$340K
Modeled next size est.range $221K$545K
Last step-up
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
David Evan Sallee2013-08
Elliot Evan Ginsburg2013-08
Matthew Evan Hauck2013-08
Mike Evan Schacherer2013-08
Niko Evan Tonks2013-08
Registry & provenance

Fair State Brewing Cooperative 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
1585074
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
Little House Brewing LLCManufacturingPre-Seed$214K$3.3Msame sector · same stage
ErgoNurse, Inc.ManufacturingPre-Seed$211K$3.2Msame sector · same stage
Heroic Aleworks LLCManufacturingPre-Seed$207K$3.2Msame sector · same stage
CG Acquisition Inc.ManufacturingPre-Seed$220K$3.4Msame sector · same stage
Pelletco LLCManufacturingPre-Seed$205K$3.1Msame sector · same stage
Regenerative Community Development of Colorado, Inc.ManufacturingPre-Seed$205K$3.1Msame sector · same stage
True Lab LLCManufacturingPre-Seed$205K$3.1Msame sector · same stage
Urbio, Inc.ManufacturingPre-Seed$221K$3.4Msame sector · same stage
Frequently asked
How much funding has Fair State Brewing Cooperative raised?
Fair State Brewing Cooperative has raised approximately $213K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Fair State Brewing Cooperative's estimated valuation?
Provath's modeled valuation for Fair State Brewing Cooperative is approximately $3.2M (modeled range $145K–$36.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Fair State Brewing Cooperative at?
Fair State Brewing Cooperative's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Aug 29.
What does Fair State Brewing Cooperative do and where is it based?
Fair State Brewing Cooperative operates in the Manufacturing sector, based in MINNEAPOLIS.
Explore related

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

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