Companies · Food & Beverage

Kuleana Spirits, Inc.

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

Diligence memoA one-page analyst read on Kuleana Spirits, Inc. — recommendation, valuation, rhythm, risks.
$6.9M
Total raised · real
3
Rounds
3.5×
Latest step-up
Top 13%
Sector rank · raised
Series A
Latest stage · inferred · Mon Dec 09 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Kuleana Spirits, Inc. looks under-valued 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.

Under-valued
  • Modeled value is 0.43× the median modeled value of Series A Food & Beverage companies in 2019–2021 (14 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.6 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

Kuleana Spirits, Inc. is one of 567 Food & Beverage companies tracked from KAMUELA. By capital raised it ranks in the upper tier (ahead of 88% 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
27
Investors (latest)
2017
Year incorporated
2019-12-09
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$25M$50M$75M$100MSeries A · 2017-10-13 Raised $4.5M (real) Modeled valuation $68M (est)$4.5M$68MSeries A2017Seed · 2017-10-13 Raised $3.5M (real) Modeled valuation $65M (est)$3.5M$65MSeed2017Series A · 2019-08-06 Raised $536K (real) Modeled valuation $8.1M (est)$536K$8.1MSeries A2019Series A · 2019-12-09 Raised $1.9M (real) Modeled valuation $29M (est)$1.9M$29MSeries A2019+$3.5M+$536K+$1.9MCumulative $10M

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 A$4.5M · 2017
Bridge · Series A-stage$3.5M · 2017smaller follow-on
Series A extension$536K · 2019
Series A extension$1.9M · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$28.8M
Base estimate est.
$2.6M
Conservative case
$156.3M
Upside case
$8.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series A · modeled $68.1M · 2017-10-132017Seed · modeled $64.8M · 2017-10-13Series A · modeled $8.1M · 2019-08-06Series A · modeled $28.8M · 2019-12-092019
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.35×/yr
Annual markup
1.70×/yr upside case
6.0 yr
Elapsed time used
6.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$3.2M/yr
Capital velocity
8.7 yr
On record since
2017
First round
4
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) 5.8× above median
This company$6.9M
Sector median$1.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.4× of median
This company$1.9M
Sector median$5.0M
Modeled value — vs sector median (estimate, all stages) 2.7× above median
This company$28.8M
Sector median$10.6M

Raised more than 88% of sector peers (real $). Modeled value above 84% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #12 of 14.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Drop Kitchen, Inc. · Series A Raised $19.8M · modeled $189.6M (est)Bright Cellars Inc. · Series A Raised $13.8M · modeled $132.6M (est)Lagom Kitchen Co · Series A Raised $9.9M · modeled $113.1M (est)Wildpack Beverage Alberta Inc. · Series A Raised $8.6M · modeled $103.8M (est)Toast Spirits LLC · Series A Raised $27.2M · modeled $82.9M (est)Black Frost Distilling, LLC · Series A Raised $5.0M · modeled $75.7M (est)Durham Distillery, LLC · Series A Raised $4.5M · modeled $68.1M (est)Epic Kitchens, Inc. · Series A Raised $5.9M · modeled $65.9M (est)Blue Run Spirits, LLC · Series A Raised $5.0M · modeled $52.6M (est)Kitchen Hub Inc. · Series A Raised $4.0M · modeled $41.1M (est)Core Brewing & Distilling Company, LLC · Series A Raised $9.2M · modeled $33.4M (est)Kuleana Spirits, Inc. (this company) Raised $6.9M · modeled $28.8M (est)Kuleana Spirits, Inc.
CompanyStageRaised · realValue · estvs peer med.
Drop Kitchen, Inc.Series A$19.8M$189.6M2.83×
Bright Cellars Inc.Series A$13.8M$132.6M1.98×
Lagom Kitchen CoSeries A$9.9M$113.1M1.69×
Wildpack Beverage Alberta Inc.Series A$8.6M$103.8M1.55×
Toast Spirits LLCSeries A$27.2M$82.9M1.24×
Black Frost Distilling, LLCSeries A$5.0M$75.7M1.13×
Durham Distillery, LLCSeries A$4.5M$68.1M1.02×
Epic Kitchens, Inc.Series A$5.9M$65.9M0.98×
Blue Run Spirits, LLCSeries A$5.0M$52.6M0.79×
Kitchen Hub Inc.Series A$4.0M$41.1M0.61×
Core Brewing & Distilling Company, LLCSeries A$9.2M$33.4M0.50×
Kuleana Spirits, Inc. this companySeries A$6.9M$28.8M0.43×
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 A$4.5M2017-10-13$20.4M$68.1M90%
Seed$3.5M2017-10-13$17.4M$64.8M90%
Series A$536K2019-08-06$2.4M$8.1M90%
Series A$1.9M2019-12-09$8.6M$28.8M90%
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 A$4.5M2017-10-13
    • First recorded raise — entered as Series A.
    • 51 investors on this round.
  2. Seed$3.5M2017-10-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 38 investors on this round.
  3. Series A$536K2019-08-06
    • Raised 22 mo later, in step with the ~15 mo sector norm.
    • Round 6.5× smaller than the prior — bridge or down round.
    • 19 investors on this round.
  4. Series A$1.9M2019-12-09
    • Came back fast: 4 mo vs the ~15 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
    • 27 investors on this round.
Intelligence
2020 ~Q3
Modeled next raise · ~9mo cadence
$5.7M
Modeled next size est.range $3.7M$9.1M
3.5×
Last step-up
$3.2M/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
Charles Sander2 other2017-10
David Perkins1 other2017-10
Chris Schlarb2017-10
Dave Lewis2017-10
Dave Perkins2019-08
Steve Jefferson2017-10
Registry & provenance

Kuleana Spirits, 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
1720264
SEC CIK
2017
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
Nosotros Life & Spirits, Inc.Food & BeverageSeries A$7.0M$42.2Msame sector · same stage
Pilot Project Brewing CoFood & BeverageSeries A$7.0M$15.8Msame sector · same stage
Hamilton Distillers Group, Inc.Food & BeverageSeries A$7.1M$1.4Msame sector · same stage
Ohio River Beverages, LLCFood & BeverageSeries A$6.4M$39.8Msame sector · same stage
Chocolate Holdings, Inc.Food & BeverageSeries A$7.7M$31.6Msame sector · same stage
Arrow&Branch Winery, LlcFood & BeverageSeries A$7.8M$49.6Msame sector · same stage
Tost Beverages, Inc.Food & BeverageSeries A$7.9M$3.4Msame sector · same stage
Update Beverages Inc.Food & BeverageSeries A$8.0M$34.6Msame 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
Kuula, Inc.OtherPre-Seed$3.5M85%
Kleos Spirits, LLCFood & BeveragePre-Seed$7.7M84%
Kuli Kuli, Inc.OtherSeries A$65.9M83%
Kua Ventures LtdOtherPre-Seed$1.8M82%
Kuzana IncOtherPre-Seed$1.0M82%
Kuhmute, IncOtherPre-Seed$873K82%
Far North Spirits, Inc.Food & BeveragePre-Seed$2.3M82%
Smile Spirits, Inc.Food & BeveragePre-Seed$524K82%
Frequently asked
How much funding has Kuleana Spirits, Inc. raised?
Kuleana Spirits, Inc. has raised approximately $6.9M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Kuleana Spirits, Inc.'s estimated valuation?
Provath's modeled valuation for Kuleana Spirits, Inc. is approximately $28.8M (modeled range $2.6M–$156.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Kuleana Spirits, Inc. at?
Kuleana Spirits, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Dec 09.
What does Kuleana Spirits, Inc. do and where is it based?
Kuleana Spirits, Inc. operates in the Food & Beverage sector, based in KAMUELA.
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