Diligence memo · auto-generated · as of July 2, 2026
Spindrift Beverage Co., Inc.
Spindrift Beverage Co., Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Spindrift Beverage Co., Inc. operates in Food & Beverage, based in Newton.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Spindrift Beverage Co., Inc. has raised $79M in disclosed capital across 7 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $30M on 2020-02-19.
Most recent recorded round closed around 2020-12-16.
Valuation (modeled)modeled
Provath models Spindrift Beverage Co., Inc. at approximately $52M (range $8.8M–$185M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 10 months.
Last raise 5.5 yr ago; this sector typically re-raises about every 15 months.
Silent for over 3× the sector's normal cadence.
The last round was 8.4× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 98% of Food & Beverage peers (567 compared).
Modeled value ranks above 91% of those peers.
Closest niche peers: Athletic Brewing Co LLC, Nelson's Green Brier Distillery, LLC, Feast Kitchen Inc., Wp Beverages, Llc, Zen Beverage Investors, LLC.
Peoplefiled
8 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.