Companies · Food & Beverage

Shelter Distilling, Inc.

MAMMOTH LAKES · Food & Beverage · refined from filed group “Other

Diligence memoA one-page analyst read on Shelter Distilling, Inc. — recommendation, valuation, rhythm, risks.
$5.4M
Total raised · real
5
Rounds
0.3×
Latest step-up
Top 16%
Sector rank · raised
Seed
Latest stage · inferred · Fri Nov 14 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Shelter Distilling, Inc. looks under-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.

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

Under-valued
  • Modeled value is 0.30× the median modeled value of Seed Food & Beverage companies in 2025–2027 (12 peers) — value vs value, same stage and era.
Active
  • Last raise 8 mo ago; this sector typically re-raises about every 15 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Shelter Distilling, Inc. is one of 567 Food & Beverage companies tracked from MAMMOTH LAKES. By capital raised it ranks in the upper tier (ahead of 85% of sector peers), and in the long tail 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
8
Investors (latest)
2025-11-14
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 · 2016-09-27 Raised $915K (real) Modeled valuation $21M (est)$915K$21MPre-Seed2016Pre-Seed · 2017-06-05 Raised $353K (real) Modeled valuation $8.2M (est)$353K$8.2MPre-Seed2017Seed · 2021-04-30 Raised $2.2M (real) Modeled valuation $30M (est)$2.2M$30MSeed2021Seed · 2021-07-19 Raised $1.4M (real) Modeled valuation $17M (est)$1.4M$17MSeed2021Seed · 2021-07-19 Raised $1.5M (real) Modeled valuation $19M (est)$1.5M$19MSeed2021Seed · 2025-11-14 Raised $390K (real) Modeled valuation $986K (est)$390K$986KSeed2025+$353K+$2.2M+$1.4M+$1.5M+$390KCumulative $6.7M

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$915K · 2016
Pre-Seed extension$353K · 2017
Seed$2.2M · 2021
Seed extension$1.4M · 2021
Seed extension$1.5M · 2021
Seed extension$390K · 2025

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

Modeled valuation trajectory
$986K
Base estimate est.
$351K
Conservative case
$1.8M
Upside case
$1.9M
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 $21.1M · 2016-09-272016Pre-Seed · modeled $8.2M · 2017-06-05Seed · modeled $29.8M · 2021-04-30Seed · modeled $17.1M · 2021-07-19Seed · modeled $19.3M · 2021-07-19Seed · modeled $986K · 2025-11-142025
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
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
22 mo
Avg between rounds
$588K/yr
Capital velocity
9.8 yr
On record since
2016
First round
6
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) 4.5× above median
This company$5.4M
Sector median$1.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.3× of median
This company$390K
Sector median$1.5M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$986K
Sector median$10.6M

Raised more than 85% of sector peers (real $). Modeled value above 37% 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 #10 of 12.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Old Terrell Distillery Co LLC · Seed Raised $4.0M · modeled $13.6M (est)Ethel's Bakery, LLC · Seed Raised $6.1M · modeled $9.7M (est)Pocket Cafe, Inc. · Seed Raised $3.5M · modeled $9.0M (est)Kitchen Stadium Inc. · Seed Raised $2.5M · modeled $6.0M (est)Spirits Capital Corp · Seed Raised $2.8M · modeled $4.3M (est)Sobelini Pizza Crunch Company, LLC · Seed Raised $1.2M · modeled $3.7M (est)Blind Spirits LLC · Seed Raised $1.2M · modeled $2.8M (est)Hello Beverages, LLC · Seed Raised $4.9M · modeled $2.8M (est)Oscar Wilde Spirits, Inc. · Seed Raised $2.5M · modeled $1.2M (est)Walker Brothers Beverage Co. · Seed Raised $4.0M · modeled $899K (est)Gagnon-Kennedy Vineyards, LLC · Seed Raised $3.2M · modeled $857K (est)Shelter Distilling, Inc. (this company) Raised $5.4M · modeled $986K (est)Shelter Distilling, Inc.
CompanyStageRaised · realValue · estvs peer med.
Old Terrell Distillery Co LLCSeed$4.0M$13.6M4.17×
Ethel's Bakery, LLCSeed$6.1M$9.7M2.97×
Pocket Cafe, Inc.Seed$3.5M$9.0M2.78×
Kitchen Stadium Inc.Seed$2.5M$6.0M1.83×
Spirits Capital CorpSeed$2.8M$4.3M1.33×
Sobelini Pizza Crunch Company, LLCSeed$1.2M$3.7M1.13×
Blind Spirits LLCSeed$1.2M$2.8M0.87×
Hello Beverages, LLCSeed$4.9M$2.8M0.85×
Oscar Wilde Spirits, Inc.Seed$2.5M$1.2M0.36×
Shelter Distilling, Inc. this companySeed$5.4M$986K0.30×
Walker Brothers Beverage Co.Seed$4.0M$899K0.28×
Gagnon-Kennedy Vineyards, LLCSeed$3.2M$857K0.26×
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$915K2016-09-27$5.1M$21.1M90%
Pre-Seed$353K2017-06-05$2.0M$8.2M90%
Seed$2.2M2021-04-30$10.9M$29.8M90%
Seed$1.4M2021-07-19$6.8M$17.1M90%
Seed$1.5M2021-07-19$7.7M$19.3M90%
Seed$390K2025-11-14$1.9M$986K90%
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$915K2016-09-27
    • First recorded raise — entered as Pre-Seed.
    • 12 investors on this round.
  2. Pre-Seed$353K2017-06-05
    • Came back fast: 8 mo vs the ~15 mo sector norm.
    • Round 2.6× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  3. Seed$2.2M2021-04-30
    • Raised again after 47 mo — slower than the ~15 mo sector norm.
    • Round 6.2× larger than the prior — scaling up.
    • 16 investors on this round.
  4. Seed$1.4M2021-07-19
    • Came back fast: 3 mo vs the ~15 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 12 investors on this round.
  5. Seed$1.5M2021-07-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 15 investors on this round.
  6. Seed$390K2025-11-14
    • Raised again after 52 mo — slower than the ~15 mo sector norm.
    • Round 3.9× smaller than the prior — bridge or down round.
    • 8 investors on this round.
Intelligence
2027 ~Q3
Modeled next raise · ~22mo cadence
$390K
Modeled next size est.range $390K$624K
0.3×
Last step-up
$588K/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
Patricia Swenson1 other2021-07
Peter Derbonne1 other2025-11
Chad Neel2025-11
Jason Semon2016-09
Jason Senior2017-06
Karl Anderson2016-09
Mathew Hammer2025-11
Matthew Hammer2016-09
Patty Swenson2016-09
Ryan Radcliff2025-11
Registry & provenance

Shelter Distilling, 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
1684283
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
Explorer Cold Brew, Inc.Food & BeverageSeed$5.1M$3.8Msame sector · same stage
Hello Beverages, LLCFood & BeverageSeed$4.9M$2.8Msame sector · same stage
Ethel's Bakery, LLCFood & BeverageSeed$6.1M$9.7Msame sector · same stage
Wet Beverages LLCFood & BeverageSeed$4.5M$6.3Msame sector · same stage
Brandywine Branch Distillers LLCFood & BeverageSeed$6.4M$4.4Msame sector · same stage
Pura Vida Spirits Company, LLCFood & BeverageSeed$4.3M$5.6Msame sector · same stage
Holla Spirits, LLCFood & BeverageSeed$4.1M$10.5Msame sector · same stage
NOCA Beverages Inc.Food & BeverageSeed$4.0M$3.9Msame 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
Shelter Products IncOtherSeed$18.6M88%
Block Distilling Company, LlcFood & BeverageSeed$24.1M87%
New York Distilling Company, LLCFood & BeverageSeed$386K85%
Heritage Distilling Company, Inc.Food & BeveragePre-Seed$8.9M85%
Broken Shed Distilleries, Inc.Food & BeverageSeed$41.8M85%
Oak & Grist Distilling Co LLCFood & BeveragePre-Seed$4.2M84%
Shelter DP, LLCOtherSeed$3.5M84%
Woodworks Distilling Company, LlcFood & BeveragePre-Seed$6.8M84%
Frequently asked
How much funding has Shelter Distilling, Inc. raised?
Shelter Distilling, Inc. has raised approximately $5.4M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Shelter Distilling, Inc.'s estimated valuation?
Provath's modeled valuation for Shelter Distilling, Inc. is approximately $986K (modeled range $351K–$1.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Shelter Distilling, Inc. at?
Shelter Distilling, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Nov 14.
What does Shelter Distilling, Inc. do and where is it based?
Shelter Distilling, Inc. operates in the Food & Beverage sector, based in MAMMOTH LAKES.
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