Companies · Manufacturing

Salt Lake City Distillery, Llc

SOUTH SALT LAKE · Manufacturing

Diligence memoA one-page analyst read on Salt Lake City Distillery, Llc — recommendation, valuation, rhythm, risks.
$43.3M
Total raised · real
5
Rounds
1.0×
Latest step-up
Top 9%
Sector rank · raised
Series A
Latest stage · inferred · Fri Nov 28 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Salt Lake City Distillery, Llc looks over-valued against its niche peers and is active 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.

Over-valued
  • Modeled value is 2.34× the median modeled value of Series A Manufacturing companies in 2025–2027 (62 peers) — value vs value, same stage and era.
Active
  • Last raise 7 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.

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

Issuer-vehicle patternmedium confidence

Salt Lake City Distillery, 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
4.2 yr record
Peak capital year was 2025 with $26.0M across 2 filings.
Market position
ahead of 92% of Manufacturing peers
Capital scale is ahead of 92% of Manufacturing peers; modeled value is above 75% 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 2025: $26.0M across 2 filings.
  • Largest single filing was $13.0M on 2025-02-05.
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.
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

Salt Lake City Distillery, Llc is one of 3257 Manufacturing companies tracked from SOUTH SALT LAKE. By capital raised it ranks among the largest (ahead of 92% 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.

food-beverage

As reported in public records reported — not modeled.

US
Jurisdiction
$1M–$5M
Issuer revenue
Rule 506(c)
Reg D exemption
104
Investors (latest)
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$50MSeed · 2022-04-18 Raised $4.0M (real) Modeled valuation $29M (est)$4.0M$29MSeed2022Series A · 2022-09-06 Raised $6.7M (real) Modeled valuation $41M (est)$6.7M$41MSeries A2022Series A · 2023-11-17 Raised $6.7M (real) Modeled valuation $31M (est)$6.7M$31MSeries A2023Series A · 2025-02-05 Raised $13M (real) Modeled valuation $46M (est)$13M$46MSeries A2025Series A · 2025-11-28 Raised $13M (real) Modeled valuation $38M (est)$13M$38MSeries A2025+$6.7M+$6.7M+$13M+$13MCumulative $43M

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
Seed$4.0M · 2022
Series A$6.7M · 2022
Series A extension$6.7M · 2023
Series A extension$13.0M · 2025
Series A extension$13.0M · 2025

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
$37.9M
Base estimate est.
$18.1M
Conservative case
$59.3M
Upside case
$59.1M
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 scaled by the manufacturing sector profile. Directional, not a quoted figure.

Seed · modeled $28.7M · 2022-04-182022Series A · modeled $40.6M · 2022-09-06Series A · modeled $30.9M · 2023-11-17Series A · modeled $45.6M · 2025-02-05Series A · modeled $37.9M · 2025-11-282025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
56%
Survival probability
31% low · 77% high
1.26×/yr
Annual markup
1.58×/yr upside case
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$12.0M/yr
Capital velocity
4.2 yr
On record since
2022
First round
5
Rounds on file
How it compares to the market

Benchmarked against 3257 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) 21× above median
This company$43.3M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.5× above median
This company$13.0M
Sector median$5.3M
Modeled value — vs sector median (estimate, all stages) 3.2× above median
This company$37.9M
Sector median$12.0M

Raised more than 92% of sector peers (real $). Modeled value above 75% 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 #2 of 62.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Island Hedley Parent LLC · Series A Raised $13.8M · modeled $41.4M (est)Bespoken Spirits Inc. · Series A Raised $18.5M · modeled $37.4M (est)AiTA Bio Inc. · Series A Raised $10.0M · modeled $35.6M (est)C-Motive Technologies, Inc. · Series A Raised $26.1M · modeled $35.1M (est)Hheli. Llc · Series A Raised $11.4M · modeled $32.6M (est)Brother Justus Whiskey Co. · Series A Raised $22.8M · modeled $31.4M (est)Pallet SPC · Series A Raised $34.4M · modeled $31.4M (est)Foundry Lab, Inc. · Series A Raised $17.7M · modeled $31.0M (est)JWC Gburg LLC · Series A Raised $9.2M · modeled $30.4M (est)NALA Membranes, Inc. · Series A Raised $14.2M · modeled $30.3M (est)WarpForge Pty Ltd · Series A Raised $10.2M · modeled $29.2M (est)Salt Lake City Distillery, Llc (this company) Raised $43.3M · modeled $37.9M (est)Salt Lake City Distillery, Llc
CompanyStageRaised · realValue · estvs peer med.
Island Hedley Parent LLCSeries A$13.8M$41.4M2.55×
Salt Lake City Distillery, Llc this companySeries A$43.3M$37.9M2.34×
Bespoken Spirits Inc.Series A$18.5M$37.4M2.30×
AiTA Bio Inc.Series A$10.0M$35.6M2.19×
C-Motive Technologies, Inc.Series A$26.1M$35.1M2.16×
Hheli. LlcSeries A$11.4M$32.6M2.01×
Brother Justus Whiskey Co.Series A$22.8M$31.4M1.94×
Pallet SPCSeries A$34.4M$31.4M1.93×
Foundry Lab, Inc.Series A$17.7M$31.0M1.91×
JWC Gburg LLCSeries A$9.2M$30.4M1.87×
NALA Membranes, Inc.Series A$14.2M$30.3M1.86×
WarpForge Pty LtdSeries A$10.2M$29.2M1.80×
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.
Seed$4.0M2022-04-18$20.0M$28.7M90%
Series A$6.7M2022-09-06$30.3M$40.6M90%
Series A$6.7M2023-11-17$30.3M$30.9M90%
Series A$13.0M2025-02-05$59.1M$45.6M90%
Series A$13.0M2025-11-28$59.1M$37.9M90%
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. Seed$4.0M2022-04-18
    • First recorded raise — entered as Seed.
    • 97 investors on this round.
  2. Series A$6.7M2022-09-06
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 97 investors on this round.
  3. Series A$6.7M2023-11-17
    • Raised 14 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(c) (was Rule 504).
    • 102 investors on this round.
  4. Series A$13.0M2025-02-05
    • Raised 15 mo later, in step with the ~12 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 506(c)).
  5. Series A$13.0M2025-11-28
    • Raised 10 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 104 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~11mo cadence
$13.0M
Modeled next size est.range $13.0M$20.8M
1.0×
Last step-up
$12.0M/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
Marc Christensen2025-11
Marc Edward Christensen2022-04
Registry & provenance

Salt Lake City Distillery, 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
1629933
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
OrthoAccel Technologies, Inc.ManufacturingSeries A$48.2M$49.9Msame sector · same stage
Clarke Industrial Engineering Inc.ManufacturingSeries A$35.9M$31.5Msame sector · same stage
SHO Holding I CorpManufacturingSeries A$35.2M$25.7Msame sector · same stage
Pallet SPCManufacturingSeries A$34.4M$31.4Msame sector · same stage
Sparkling Cocktail Corp.ManufacturingSeries A$28.7M$27.8Msame sector · same stage
RxFunction, Inc.ManufacturingSeries A$28.4M$29.5Msame sector · same stage
C-Motive Technologies, Inc.ManufacturingSeries A$26.1M$35.1Msame sector · same stage
Illinois Avenue Partners LLCManufacturingSeries A$24.9M$49.9Msame 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
State Line Distillery, LlcManufacturingPre-Seed$9.3M88%
Jackson Temple Distillery LLCManufacturingSeries A$42.6M87%
District Distilling Company, Inc.ManufacturingPre-Seed$2.3M85%
Chapel Dome Distillery LLCManufacturingSeries B$144.6M85%
Kozuba & Sons Distillery, Inc.ManufacturingSeed$18.4M85%
JW Rutledge Distillery, LLCManufacturingSeries B$276.3M84%
21st Amendment Distillery LLCManufacturingSeed$14.6M84%
Hidden Ships Distillery, LLCManufacturingPre-Seed$1.3M84%
Frequently asked
How much funding has Salt Lake City Distillery, Llc raised?
Salt Lake City Distillery, Llc has raised approximately $43.3M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Salt Lake City Distillery, Llc's estimated valuation?
Provath's modeled valuation for Salt Lake City Distillery, Llc is approximately $37.9M (modeled range $18.1M–$59.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Salt Lake City Distillery, Llc at?
Salt Lake City Distillery, Llc's latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Nov 28.
What does Salt Lake City Distillery, Llc do and where is it based?
Salt Lake City Distillery, Llc operates in the Manufacturing sector, based in SOUTH SALT LAKE.
Explore related

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