Diligence memo · auto-generated · as of July 2, 2026
Indiana Whiskey Co
Indiana Whiskey Co looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Indiana Whiskey Co operates in Manufacturing, based in SOUTH BEND.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Indiana Whiskey Co has raised $350K 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: $250K on 2014-06-18.
Most recent recorded round closed around 2015-08-06.
Valuation (modeled)modeled
Provath models Indiana Whiskey Co at approximately $1.5M (range $68K–$17M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.33× the median modeled value of Pre-Seed Manufacturing companies in 2013–2015 (248 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 14 months.
Last raise 10.9 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 2.5× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 17% of Manufacturing peers (3257 compared).
Modeled value ranks above 10% of those peers.
Closest niche peers: IRradiance Glass, Inc., On Track Enterprises, Inc., Perham Egg Ohio LLC, OxCart Products LLC, N P Design, Inc..
Peoplefiled
1 named person 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.