Diligence memo · auto-generated · as of July 2, 2026
Long Island Iced Tea Corp.
Long Island Iced Tea Corp. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Long Island Iced Tea Corp. operates in Retailing, based in HICKSVILLE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Long Island Iced Tea Corp. has raised $788K 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: $553K on 2015-09-17.
Most recent recorded round closed around 2016-03-29.
Valuation (modeled)modeled
Provath models Long Island Iced Tea Corp. at approximately $1.8M (range $141K–$21M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.78× the median modeled value of Pre-Seed Retailing companies in 2016–2018 (187 peers) — value vs value, same stage and era. Within the normal band (78% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 6 months.
Last raise 10.3 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round was 2.4× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 35% of Retailing peers (2347 compared).
Modeled value ranks above 25% of those peers.
Closest niche peers: Proof Smart Food, Inc., Pixielane, Inc., Yai's Thai, LLC, Makeup America! Inc., Barefoot Beach Bums, Inc..
Peoplefiled
14 named people 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.