Companies · Food & Beverage

Salute Spirits, Inc.

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

Diligence memoA one-page analyst read on Salute Spirits, Inc. — recommendation, valuation, rhythm, risks.
$335K
Total raised · real
1
Rounds
Latest step-up
Top 56%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Tue Oct 23 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Salute Spirits, Inc. 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 0.95× the median modeled value of Pre-Seed Food & Beverage companies in 2016–2018 (72 peers) — value vs value, same stage and era.
  • Within the normal band (95% of peer median) for its niche.
Dormant
  • Last raise 7.7 yr ago; this sector typically re-raises about every 15 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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

Salute Spirits, Inc. is one of 567 Food & Beverage companies tracked from RENO. By capital raised it ranks mid-pack (ahead of 45% 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
$0–$1M
Issuer revenue
Rule 506(b)
Reg D exemption
44
Investors (latest)
2018
Year incorporated
2018-10-23
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$2.5M$5.0M$7.5M$10MPre-Seed · 2018-10-23 Raised $335K (real) Modeled valuation $7.7M (est)$335K$7.7MPre-Seed2018

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$335K · 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
$7.7M
Base estimate est.
$223K
Conservative case
$87.8M
Upside case
$1.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.55×/yr
Annual markup
2.10×/yr upside case
6.0 yr
Elapsed time used
7.7 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
7.7 yr
On record since
2018
First round
1
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) 0.3× of median
This company$335K
Sector median$1.2M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.8× of median
This company$335K
Sector median$411K
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$7.7M
Sector median$10.6M

Raised more than 45% of sector peers (real $). Modeled value above 62% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #39 of 72.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Single Hill Brewing Co · Pre-Seed Raised $1.0M · modeled $23.1M (est)Full Circle Brewing, Co. Ltd. LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)Door County Brewing Co., LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)Joyland Brewing Company, LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)Smith Story Wine Cellars, LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)Spring Creek Brewing Co LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)TRU Chocolate Inc. · Pre-Seed Raised $900K · modeled $20.8M (est)Dr. In The Kitchen, LLC · Pre-Seed Raised $800K · modeled $18.5M (est)PAB Neighborhood Kitchen #1, LLC · Pre-Seed Raised $1.4M · modeled $16.7M (est)3 Sons Brewing Co., LLC · Pre-Seed Raised $710K · modeled $16.4M (est)JOE CHOCOLATES Co · Pre-Seed Raised $705K · modeled $16.3M (est)Brown Water Spirits LLC · Pre-Seed Raised $700K · modeled $16.2M (est)Salute Spirits, Inc. (this company) Raised $335K · modeled $7.7M (est)Salute Spirits, Inc.
CompanyStageRaised · realValue · estvs peer med.
Single Hill Brewing CoPre-Seed$1.0M$23.1M2.83×
Full Circle Brewing, Co. Ltd. LLCPre-Seed$1.0M$23.1M2.83×
Door County Brewing Co., LLCPre-Seed$1.0M$23.1M2.83×
Joyland Brewing Company, LLCPre-Seed$1.0M$23.1M2.83×
Smith Story Wine Cellars, LLCPre-Seed$1.0M$23.1M2.83×
Spring Creek Brewing Co LLCPre-Seed$1.0M$23.1M2.83×
TRU Chocolate Inc.Pre-Seed$900K$20.8M2.54×
Dr. In The Kitchen, LLCPre-Seed$800K$18.5M2.26×
PAB Neighborhood Kitchen #1, LLCPre-Seed$1.4M$16.7M2.04×
3 Sons Brewing Co., LLCPre-Seed$710K$16.4M2.01×
JOE CHOCOLATES CoPre-Seed$705K$16.3M1.99×
Brown Water Spirits LLCPre-Seed$700K$16.2M1.98×
Salute Spirits, Inc. this companyPre-Seed$335K$7.7M0.95×
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$335K2018-10-23$1.9M$7.7M90%
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$335K2018-10-23
    • First recorded raise — entered as Pre-Seed.
    • 44 investors on this round.
Intelligence
Modeled next raise
$536K
Modeled next size est.range $348K$858K
Last step-up
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
Joseph III A. Cannella2018-10
Joseph Jr. A Canella2018-10
Registry & provenance

Salute 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
1758595
SEC CIK
2018
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
Over Ice Beverages, LLCFood & BeveragePre-Seed$340K$2.1Msame sector · same stage
BearWaters Brewing CoFood & BeveragePre-Seed$325K$7.5Msame sector · same stage
Emergent Beverages, LLCFood & BeveragePre-Seed$350K$1.2Msame sector · same stage
Jk Williams Distilling, LlcFood & BeveragePre-Seed$350K$8.1Msame sector · same stage
Mellow Mink Brewing, Inc.Food & BeveragePre-Seed$350K$8.1Msame sector · same stage
Twin Barns Brewing Co LLCFood & BeveragePre-Seed$350K$8.1Msame sector · same stage
Camp Colvos Brewing, LLCFood & BeveragePre-Seed$320K$2.3Msame sector · same stage
Western Grace Distilling, Inc.Food & BeveragePre-Seed$316K$7.3Msame 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
Smile Spirits, Inc.Food & BeveragePre-Seed$523K88%
Hell & Heaven Spirits, Inc.Food & BeveragePre-Seed$315K85%
Confluence Spirits, Inc.Food & BeverageSeed$12.2M85%
Wholesome Spirits Inc.Food & BeverageSeries A$6.9M84%
Heaven's Door Spirits, LLCFood & BeverageSeries B$561.5M83%
Stacked Spirits, Inc.Food & BeverageSeed$8.6M83%
Toast Spirits LLCFood & BeverageSeries A$82.9M83%
Tahoe Spirits, Inc.Food & BeverageSeries A$5.7M83%
Frequently asked
How much funding has Salute Spirits, Inc. raised?
Salute Spirits, Inc. has raised approximately $335K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Salute Spirits, Inc.'s estimated valuation?
Provath's modeled valuation for Salute Spirits, Inc. is approximately $7.7M (modeled range $223K–$87.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Salute Spirits, Inc. at?
Salute Spirits, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Tue Oct 23.
What does Salute Spirits, Inc. do and where is it based?
Salute Spirits, Inc. operates in the Food & Beverage sector, based in RENO.
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