Companies · Food & Beverage

Spindrift Beverage Co., Inc.

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

Diligence memoA one-page analyst read on Spindrift Beverage Co., Inc. — recommendation, valuation, rhythm, risks.
$78.7M
Total raised · real
7
Rounds
0.1×
Latest step-up
Top 3%
Sector rank · raised
Series B
Latest stage · inferred · Wed Dec 16 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Spindrift Beverage Co., Inc. looks under-valued 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.

Under-valued
  • Modeled value is 0.31× the median modeled value of Series B Food & Beverage companies in 2019–2021 (6 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.5 yr ago; this sector typically re-raises about every 15 months.
  • Silent for over 3× the sector's normal cadence.
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

Spindrift Beverage Co., Inc. is one of 567 Food & Beverage companies tracked from Newton. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest 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
2
Investors (latest)
2020-12-16
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$125M$250M$375M$500MSeed · 2014-04-23 Raised $3.1M (real) Modeled valuation $58M (est)Seed2014Seed · 2014-04-23 Raised $2.0M (real) Modeled valuation $37M (est)Seed2014Seed · 2015-10-16 Raised $2.0M (real) Modeled valuation $37M (est)Seed2015Series A · 2015-12-17 Raised $7.2M (real) Modeled valuation $109M (est)Series A2015Series A · 2017-03-06 Raised $13M (real) Modeled valuation $199M (est)Series A2017Series A · 2017-03-06 Raised $10M (real) Modeled valuation $151M (est)Series A2017Series B · 2018-03-01 Raised $20M (real) Modeled valuation $332M (est)Series B2018Series B · 2020-02-19 Raised $30M (real) Modeled valuation $494M (est)Series B2020Series B · 2020-12-16 Raised $3.5M (real) Modeled valuation $52M (est)Series B2020+$2.0M+$2.0M+$7.2M+$13M+$10M+$20M+$30M+$3.5MCumulative $91M

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$3.1M · 2014
Seed extension$2.0M · 2014
Seed extension$2.0M · 2015
Series A$7.2M · 2015
Series A extension$13.1M · 2017
Series A extension$10.0M · 2017
Series B$20.0M · 2018
Series B extension$29.7M · 2020
Series B extension$3.5M · 2020

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: 75%.

Modeled valuation trajectory
$52.3M
Base estimate est.
$8.8M
Conservative case
$184.5M
Upside case
$19.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Seed · modeled $58.2M · 2014-04-232014Seed · modeled $37.1M · 2014-04-23Seed · modeled $37.2M · 2015-10-16Series A · modeled $109.0M · 2015-12-17Series A · modeled $198.6M · 2017-03-06Series A · modeled $151.3M · 2017-03-06Series B · modeled $332.3M · 2018-03-01Series B · modeled $494.2M · 2020-02-19Series B · modeled $52.3M · 2020-12-162020
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
5.5 yr
Elapsed time used
5.5 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$11.8M/yr
Capital velocity
12.2 yr
On record since
2014
First round
9
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) 66× above median
This company$78.7M
Sector median$1.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.2× of median
This company$3.5M
Sector median$19.7M
Modeled value — vs sector median (estimate, all stages) 4.9× above median
This company$52.3M
Sector median$10.6M

Raised more than 98% of sector peers (real $). Modeled value above 91% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #5 of 6.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Athletic Brewing Co LLC · Series B Raised $40.5M · modeled $458.5M (est)Nelson's Green Brier Distillery, LLC · Series B Raised $22.2M · modeled $332.4M (est)Feast Kitchen Inc. · Series B Raised $32.6M · modeled $198.5M (est)Wp Beverages, Llc · Series B Raised $31.5M · modeled $140.5M (est)Zen Beverage Investors, LLC · Series B Raised $21.0M · modeled $25.6M (est)Spindrift Beverage Co., Inc. (this company) Raised $78.7M · modeled $52.3M (est)Spindrift Beverage Co., Inc.
CompanyStageRaised · realValue · estvs peer med.
Athletic Brewing Co LLCSeries B$40.5M$458.5M2.70×
Nelson's Green Brier Distillery, LLCSeries B$22.2M$332.4M1.96×
Feast Kitchen Inc.Series B$32.6M$198.5M1.17×
Wp Beverages, LlcSeries B$31.5M$140.5M0.83×
Spindrift Beverage Co., Inc. this companySeries B$78.7M$52.3M0.31×
Zen Beverage Investors, LLCSeries B$21.0M$25.6M0.15×
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$3.1M2014-04-23$15.7M$58.2M85%
Seed$2.0M2014-04-23$10.0M$37.1M85%
Seed$2.0M2015-10-16$10.0M$37.2M85%
Series A$7.2M2015-12-17$32.7M$109.0M85%
Series A$13.1M2017-03-06$59.6M$198.6M90%
Series A$10.0M2017-03-06$45.5M$151.3M90%
Series B$20.0M2018-03-01$111.1M$332.3M90%
Series B$29.7M2020-02-19$165.2M$494.2M90%
Series B$3.5M2020-12-16$19.6M$52.3M90%
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. Seed$3.1M2014-04-23
    • First recorded raise — entered as Seed.
    • 18 investors on this round.
  2. Seed$2.0M2014-04-23
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  3. Seed$2.0M2015-10-16
    • Raised 18 mo later, in step with the ~15 mo sector norm.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
  4. Series A$7.2M2015-12-17
    • Came back fast: 2 mo vs the ~15 mo sector norm.
    • Round 3.6× larger than the prior — scaling up.
    • 3 investors on this round.
  5. Series A$13.1M2017-03-06
    • Raised 15 mo later, in step with the ~15 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 10 investors on this round.
  6. Series A$10.0M2017-03-06
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  7. Series B$20.0M2018-03-01
    • Raised 12 mo later, in step with the ~15 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 20 investors on this round.
  8. Series B$29.7M2020-02-19
    • Raised again after 24 mo — slower than the ~15 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 21 investors on this round.
  9. Series B$3.5M2020-12-16
    • Raised 10 mo later, in step with the ~15 mo sector norm.
    • Round 8.4× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2021 ~Q4
Modeled next raise · ~10mo cadence
$3.5M
Modeled next size est.range $3.5M$5.6M
0.1×
Last step-up
$11.8M/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
Gil Fronzaglia5 other2014-04
Ilya Nykin3 other2014-04
Joseph Lerner2 other2014-04
Michael Mauze1 other2017-03
Robin Tsai1 other2017-03
Bill Creelman2015-12
William Creelman2014-04
William Creelmena2017-03
Registry & provenance

Spindrift Beverage Co., 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
1607247
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
Green Light Beverage, Inc.Food & BeverageSeries B$54.8M$68.9Msame sector · same stage
CareDox Inc.Other TechnologySeries B$58.8M$147.8Mnetwork1 shared operator · same stage
Cleveland Kitchen Co.Food & BeverageSeries B$27.0M$14.6Msame sector · same stage
Zen Beverage Investors, LLCFood & BeverageSeries B$21.0M$25.6Msame sector · same stage
Mantra Health, Inc.HealthtechSeries B$29.1M$53.0Mnetwork1 shared operator · same stage
Nest Collective, Inc.OtherSeries B$22.0M$99.7Mnetwork1 shared operator · same stage
Tractor Beverages, Inc.Food & BeverageSeries C$116.2M$89.7Msame sector
ILY Holdings, LLCOtherSeries C$105.6M$48.7Mnetwork1 shared operator
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
Tost Beverages, Inc.Food & BeverageSeries A$3.4M83%
Tractor Beverages, Inc.Food & BeverageSeries C$89.7M81%
Social Beverage Company, LlcFood & BeverageSeed$74.4M80%
Expat Beverages, LLCFood & BeveragePre-Seed$12.9M80%
Agrify CorpAgtech / FoodtechSeries B$130.9M80%
Jab Beverage LlcFood & BeveragePre-Seed$5.6M80%
Smooth Beverages IncFood & BeveragePre-Seed$1.1M80%
Rowdy Beverage, Inc.Food & BeverageSeed$35.9M80%
Frequently asked
How much funding has Spindrift Beverage Co., Inc. raised?
Spindrift Beverage Co., Inc. has raised approximately $78.7M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Spindrift Beverage Co., Inc.'s estimated valuation?
Provath's modeled valuation for Spindrift Beverage Co., Inc. is approximately $52.3M (modeled range $8.8M–$184.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spindrift Beverage Co., Inc. at?
Spindrift Beverage Co., Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Dec 16.
What does Spindrift Beverage Co., Inc. do and where is it based?
Spindrift Beverage Co., Inc. operates in the Food & Beverage sector, based in Newton.
Explore related

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