Companies · Food & Beverage

Proof Artisan Distillers, LLC

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

Diligence memoA one-page analyst read on Proof Artisan Distillers, LLC — recommendation, valuation, rhythm, risks.
$2.7M
Total raised · real
3
Rounds
4.0×
Latest step-up
Top 24%
Sector rank · raised
Seed
Latest stage · inferred · Mon Nov 15 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Proof Artisan Distillers, 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.

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

Fair
  • Modeled value is 0.88× the median modeled value of Seed Food & Beverage companies in 2019–2021 (43 peers) — value vs value, same stage and era.
  • Within the normal band (88% of peer median) for its niche.
Dormant
  • Last raise 4.6 yr ago; this sector typically re-raises about every 15 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

Proof Artisan Distillers, 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
11.5 yr record
Peak capital year was 2021 with $2.0M across 1 filings.
Market position
ahead of 77% of Food & Beverage peers
Capital scale is ahead of 77% of Food & Beverage peers; modeled value is above 80% 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
Consistent
Canonical totals and visible filing detail are broadly aligned.
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 2021: $2.0M across 1 filings.
  • Largest single filing was $2.0M on 2021-11-15.
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.
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

Proof Artisan Distillers, LLC is one of 567 Food & Beverage companies tracked from FARGO. By capital raised it ranks in the upper tier (ahead of 77% 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
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 · 2014-12-16 Raised $190K (real) Modeled valuation $4.4M (est)$190K$4.4MPre-Seed2014Pre-Seed · 2016-07-01 Raised $500K (real) Modeled valuation $12M (est)$500K$12MPre-Seed2016Seed · 2021-11-15 Raised $2.0M (real) Modeled valuation $22M (est)$2.0M$22MSeed2021+$500K+$2.0MCumulative $2.7M

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$190K · 2014
Pre-Seed extension$500K · 2016
Seed$2.0M · 2021

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

Modeled valuation trajectory
$22.3M
Base estimate est.
$1.8M
Conservative case
$120.8M
Upside case
$10.0M
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. Directional, not a quoted figure.

Pre-Seed · modeled $4.4M · 2014-12-162014Pre-Seed · modeled $11.6M · 2016-07-01Seed · modeled $22.3M · 2021-11-152021
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
40%
Survival probability
18% low · 62% high
1.45×/yr
Annual markup
1.90×/yr upside case
4.6 yr
Elapsed time used
4.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
41 mo
Avg between rounds
$389K/yr
Capital velocity
11.5 yr
On record since
2014
First round
3
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) 2.2× above median
This company$2.7M
Sector median$1.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.3× above median
This company$2.0M
Sector median$1.5M
Modeled value — vs sector median (estimate, all stages) 2.1× above median
This company$22.3M
Sector median$10.6M

Raised more than 77% of sector peers (real $). Modeled value above 80% 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 #28 of 43.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)Social Beverage Company, Llc · Seed Raised $7.9M · modeled $74.4M (est)Koinz · Seed Raised $4.8M · modeled $69.0M (est)Barrell Craft Spirits, LLC · Seed Raised $5.0M · modeled $61.4M (est)Haven's Kitchen, Inc. · Seed Raised $4.0M · modeled $59.2M (est)Simple Skiff Beverages, Inc. · Seed Raised $3.8M · modeled $51.7M (est)XED Beverage Company, Inc. · Seed Raised $4.6M · modeled $51.3M (est)Weed Cellars, Inc. · Seed Raised $2.6M · modeled $48.4M (est)Narragansett Brewing Co · Seed Raised $4.3M · modeled $45.3M (est)Shaka Beverages LLC · Seed Raised $7.4M · modeled $44.9M (est)Broken Shed Distilleries, Inc. · Seed Raised $3.6M · modeled $41.8M (est)Summit Spirits & Wine, INC · Seed Raised $3.3M · modeled $39.3M (est)Affinity Beverages LLC · Seed Raised $7.1M · modeled $37.2M (est)Proof Artisan Distillers, LLC (this company) Raised $2.7M · modeled $22.3M (est)Proof Artisan Distillers, LLC
CompanyStageRaised · realValue · estvs peer med.
Social Beverage Company, LlcSeed$7.9M$74.4M2.94×
KoinzSeed$4.8M$69.0M2.73×
Barrell Craft Spirits, LLCSeed$5.0M$61.4M2.43×
Haven's Kitchen, Inc.Seed$4.0M$59.2M2.34×
Simple Skiff Beverages, Inc.Seed$3.8M$51.7M2.04×
XED Beverage Company, Inc.Seed$4.6M$51.3M2.03×
Weed Cellars, Inc.Seed$2.6M$48.4M1.91×
Narragansett Brewing CoSeed$4.3M$45.3M1.79×
Shaka Beverages LLCSeed$7.4M$44.9M1.77×
Broken Shed Distilleries, Inc.Seed$3.6M$41.8M1.65×
Summit Spirits & Wine, INCSeed$3.3M$39.3M1.55×
Affinity Beverages LLCSeed$7.1M$37.2M1.47×
Proof Artisan Distillers, LLC this companySeed$2.7M$22.3M0.88×
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$190K2014-12-16$1.1M$4.4M85%
Pre-Seed$500K2016-07-01$2.8M$11.6M85%
Seed$2.0M2021-11-15$10.0M$22.3M90%
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$190K2014-12-16
    • First recorded raise — entered as Pre-Seed.
    • 20 investors on this round.
  2. Pre-Seed$500K2016-07-01
    • Raised 18 mo later, in step with the ~15 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
  3. Seed$2.0M2021-11-15
    • Raised again after 64 mo — slower than the ~15 mo sector norm.
    • Round 4.0× larger than the prior — scaling up.
Intelligence
2025 ~Q2
Modeled next raise · ~41mo cadence
$6.0M
Modeled next size est.range $3.9M$9.6M
4.0×
Last step-up
$389K/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
John Cook3 other2014-12
Francis Leier2014-12
Joel Kath2014-12
Registry & provenance

Proof Artisan Distillers, 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
1629523
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
Eyland Spirits, Inc.Food & BeverageSeed$2.8M$29.7Msame sector · same stage
Civilization Spirits, LLCFood & BeverageSeed$2.6M$1.2Msame sector · same stage
Siempre Spirits LtdFood & BeverageSeed$2.8M$2.0Msame sector · same stage
Spirits Capital CorpFood & BeverageSeed$2.8M$4.3Msame sector · same stage
Hardywood Park Craft Brewery, LLCFood & BeverageSeed$2.5M$14.2Msame sector · same stage
Oscar Wilde Spirits, Inc.Food & BeverageSeed$2.5M$1.2Msame sector · same stage
Kitchen Stadium Inc.Food & BeverageSeed$2.5M$6.0Msame sector · same stage
Kros Strain Brewing Company, LLCFood & BeverageSeed$3.0M$27.9Msame 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
Bootleg Distillation, LLCOtherPre-Seed$13.9M81%
Block Distilling Company, LlcFood & BeverageSeed$24.1M80%
New York Distilling Company, LLCFood & BeverageSeed$386K80%
Patriarch Distillers LLCFood & BeveragePre-Seed$19.6M79%
Woodworks Distilling Company, LlcFood & BeveragePre-Seed$6.8M79%
Oak & Grist Distilling Co LLCFood & BeveragePre-Seed$4.2M79%
Hard Truth Distilling Company, LLCFood & BeveragePre-Seed$5.8M79%
Hamilton Distillers Group, Inc.Food & BeverageSeries A$1.4M79%
Frequently asked
How much funding has Proof Artisan Distillers, LLC raised?
Proof Artisan Distillers, LLC has raised approximately $2.7M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Proof Artisan Distillers, LLC's estimated valuation?
Provath's modeled valuation for Proof Artisan Distillers, LLC is approximately $22.3M (modeled range $1.8M–$120.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Proof Artisan Distillers, LLC at?
Proof Artisan Distillers, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Nov 15.
What does Proof Artisan Distillers, LLC do and where is it based?
Proof Artisan Distillers, LLC operates in the Food & Beverage sector, based in FARGO.
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