Companies · Manufacturing

Old Line Spirits, LLC

BALTIMORE · Manufacturing

Diligence memoA one-page analyst read on Old Line Spirits, LLC — recommendation, valuation, rhythm, risks.
$2.8M
Total raised · real
4
Rounds
3.2×
Latest step-up
Top 45%
Sector rank · raised
Seed
Latest stage · inferred · Thu Apr 26 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Old Line Spirits, LLC 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 1.00× the median modeled value of Seed Manufacturing companies in 2016–2018 (141 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
Dormant
  • Last raise 8.2 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.

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

Issuer-vehicle patternmedium confidence

Old Line Spirits, 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
11.3 yr record
Peak capital year was 2015 with $2.6M across 2 filings.
Market position
ahead of 56% of Manufacturing peers
Capital scale is ahead of 56% of Manufacturing peers; modeled value is above 63% 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
Normal 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
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2015: $2.6M across 2 filings.
  • Largest single filing was $2.0M on 2015-07-01.
  • Filing rows sum to $6.4M, while canonical raised total is $2.8M; likely amendments/superseded rows are mixed into the detail view.
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.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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

Old Line Spirits, LLC is one of 3256 Manufacturing companies tracked from BALTIMORE. By capital raised it ranks mid-pack (ahead of 56% of sector peers), and mid-pack 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
1
Investors (latest)
2014
Year incorporated
2018-04-26
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$13M$25M$38M$50MPre-Seed · 2015-02-28 Raised $585K (real) Modeled valuation $8.9M (est)Pre-Seed2015Seed · 2015-07-01 Raised $2.0M (real) Modeled valuation $25M (est)Seed2015Seed · 2016-04-28 Raised $290K (real) Modeled valuation $3.6M (est)Seed2016Seed · 2016-07-01 Raised $600K (real) Modeled valuation $7.4M (est)Seed2016Seed · 2016-07-01 Raised $1.0M (real) Modeled valuation $12M (est)Seed2016Seed · 2016-11-01 Raised $467K (real) Modeled valuation $5.7M (est)Seed2016Seed · 2018-04-26 Raised $1.5M (real) Modeled valuation $18M (est)Seed2018+$2.0M+$290K+$600K+$1.0M+$467K+$1.5MCumulative $6.4M

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$585K · 2015
Seed$2.0M · 2015
Seed extension$290K · 2016
Seed extension$600K · 2016
Seed extension$1.0M · 2016
Seed extension$467K · 2016
Seed extension$1.5M · 2018

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

Modeled valuation trajectory
$18.4M
Base estimate est.
$1.4M
Conservative case
$144.4M
Upside case
$7.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the manufacturing sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $8.9M · 2015-02-282015Seed · modeled $24.5M · 2015-07-01Seed · modeled $3.6M · 2016-04-28Seed · modeled $7.4M · 2016-07-01Seed · modeled $12.3M · 2016-07-01Seed · modeled $5.7M · 2016-11-01Seed · modeled $18.4M · 2018-04-262018
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
41%
Survival probability
18% low · 63% high
1.35×/yr
Annual markup
1.77×/yr upside case
6.0 yr
Elapsed time used
8.2 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$900K/yr
Capital velocity
11.3 yr
On record since
2015
First round
7
Rounds on file
How it compares to the market

Benchmarked against 3256 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) 1.4× above median
This company$2.8M
Sector median$2.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.9× of median
This company$1.5M
Sector median$1.6M
Modeled value — vs sector median (estimate, all stages) 1.5× above median
This company$18.4M
Sector median$12.0M

Raised more than 56% of sector peers (real $). Modeled value above 63% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #70 of 141.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)ButterCup Bioplastic · Seed Raised $4.0M · modeled $49.1M (est)Edelta, Inc. · Seed Raised $4.0M · modeled $49.1M (est)Waterloo Sparkling Water Corp. · Seed Raised $7.2M · modeled $49.1M (est)ProSteel Investment Holdings, LLC · Seed Raised $4.0M · modeled $49.1M (est)OHI Orthotics, LLC · Seed Raised $4.0M · modeled $49.1M (est)Bouldin Corp · Seed Raised $7.9M · modeled $49.1M (est)Arsenal Ultimate Holdco, LLC · Seed Raised $3.9M · modeled $47.2M (est)Piadina Inc · Seed Raised $7.5M · modeled $45.5M (est)VitaHEAT Medical Holdings, LLC · Seed Raised $5.5M · modeled $45.3M (est)Fischer Block, Inc. · Seed Raised $3.8M · modeled $42.7M (est)Material Handling Holdings LLC · Seed Raised $3.5M · modeled $42.3M (est)OMB Holdings LLC · Seed Raised $3.3M · modeled $40.5M (est)Old Line Spirits, LLC (this company) Raised $2.8M · modeled $18.4M (est)Old Line Spirits, LLC
CompanyStageRaised · realValue · estvs peer med.
ButterCup BioplasticSeed$4.0M$49.1M2.67×
Edelta, Inc.Seed$4.0M$49.1M2.67×
Waterloo Sparkling Water Corp.Seed$7.2M$49.1M2.67×
ProSteel Investment Holdings, LLCSeed$4.0M$49.1M2.67×
OHI Orthotics, LLCSeed$4.0M$49.1M2.67×
Bouldin CorpSeed$7.9M$49.1M2.67×
Arsenal Ultimate Holdco, LLCSeed$3.9M$47.2M2.57×
Piadina IncSeed$7.5M$45.5M2.48×
VitaHEAT Medical Holdings, LLCSeed$5.5M$45.3M2.47×
Fischer Block, Inc.Seed$3.8M$42.7M2.32×
Material Handling Holdings LLCSeed$3.5M$42.3M2.31×
OMB Holdings LLCSeed$3.3M$40.5M2.21×
Old Line Spirits, LLC this companySeed$2.8M$18.4M1.00×
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$585K2015-02-28$3.3M$8.9M85%
Seed$2.0M2015-07-01$10.0M$24.5M85%
Seed$290K2016-04-28$1.4M$3.6M90%
Seed$600K2016-07-01$3.0M$7.4M85%
Seed$1.0M2016-07-01$5.0M$12.3M90%
Seed$467K2016-11-01$2.3M$5.7M90%
Seed$1.5M2018-04-26$7.5M$18.4M90%
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$585K2015-02-28
    • First recorded raise — entered as Pre-Seed.
    • 13 investors on this round.
  2. Seed$2.0M2015-07-01
    • Came back fast: 4 mo vs the ~12 mo sector norm.
    • Round 3.4× larger than the prior — scaling up.
  3. Seed$290K2016-04-28
    • Raised 10 mo later, in step with the ~12 mo sector norm.
    • Round 6.9× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  4. Seed$600K2016-07-01
    • Came back fast: 2 mo vs the ~12 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
  5. Seed$1.0M2016-07-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× larger than the prior — scaling up.
  6. Seed$467K2016-11-01
    • Came back fast: 4 mo vs the ~12 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 17 investors on this round.
  7. Seed$1.5M2018-04-26
    • Raised 18 mo later, in step with the ~12 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2018 ~Q4
Modeled next raise · ~6mo cadence
$4.5M
Modeled next size est.range $2.9M$7.2M
3.2×
Last step-up
$900K/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
Richard Wolf5 other2016-04
Mark McLaughlin4 other2015-02
Ben Pfinsgraff2 other2015-02
Scott Cousino2 other2016-04
Arch Watkins2015-02
Robert O'Sullivan2015-02
Registry & provenance

Old Line Spirits, 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
1634207
SEC CIK
2014
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
Project Gravitas LlcManufacturingSeed$2.9M$16.6Msame sector · same stage
VMC Acquisition Co LLCManufacturingSeed$2.9M$21.7Msame sector · same stage
Goose That Laid The Golden Egg FilmManufacturingSeed$2.8M$22.4Msame sector · same stage
KMS Holding Company, LLCManufacturingSeed$2.9M$15.1Msame sector · same stage
Vital Leaf IncManufacturingSeed$2.9M$21.5Msame sector · same stage
Birmingham Motorcycle Co LLCManufacturingSeed$2.9M$16.9Msame sector · same stage
Supreme Industries IncManufacturingSeed$2.9M$22.0Msame sector · same stage
ReTo Eco-Solutions, Inc.ManufacturingSeed$2.7M$23.1Msame 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
State Line Distillery, LlcManufacturingPre-Seed$9.3M89%
LSG Spirits LLCManufacturingSeries A$83.9M85%
Old Bridge Brewing Company, LLCManufacturingPre-Seed$3.1M85%
Bespoken Spirits Inc.ManufacturingSeries A$37.3M85%
Next Century Spirits LLCManufacturingSeries A$59.8M84%
Golden Rule Spirits Inc.ManufacturingPre-Seed$3.2M84%
High Five Spirits LLCManufacturingPre-Seed$2.0M83%
RancH2O Spirits, LLCManufacturingSeed$12.4M83%
Frequently asked
How much funding has Old Line Spirits, LLC raised?
Old Line Spirits, LLC has raised approximately $2.8M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Old Line Spirits, LLC's estimated valuation?
Provath's modeled valuation for Old Line Spirits, LLC is approximately $18.4M (modeled range $1.4M–$144.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Old Line Spirits, LLC at?
Old Line Spirits, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Apr 26.
What does Old Line Spirits, LLC do and where is it based?
Old Line Spirits, LLC operates in the Manufacturing sector, based in BALTIMORE.
Explore related

See where Old Line Spirits, LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Old Line Spirits, LLC, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.