Companies · Food & Beverage
Cleveland · Food & Beverage · refined from filed group “Other”
Diligence memoA one-page analyst read on Toast Spirits LLC — recommendation, valuation, rhythm, risks.→Toast Spirits LLC 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.
Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.
Toast Spirits LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.
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.
Toast Spirits LLC is one of 567 Food & Beverage companies tracked from Cleveland. By capital raised it ranks among the largest (ahead of 96% 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.
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.
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.
Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.
Round size and date are reported; the stage label is inferred from round size (latest is Series A — a $4.0M–$15M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.
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.
Raised more than 96% of sector peers (real $). Modeled value above 94% of peers (estimate).
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 #5 of 14.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Drop Kitchen, Inc. | Series A | $19.8M | $189.6M | 2.83× |
| Bright Cellars Inc. | Series A | $13.8M | $132.6M | 1.98× |
| Lagom Kitchen Co | Series A | $9.9M | $113.1M | 1.69× |
| Wildpack Beverage Alberta Inc. | Series A | $8.6M | $103.8M | 1.55× |
| Toast Spirits LLC this company | Series A | $27.2M | $82.9M | 1.24× |
| Black Frost Distilling, LLC | Series A | $5.0M | $75.7M | 1.13× |
| Durham Distillery, LLC | Series A | $4.5M | $68.1M | 1.02× |
| Epic Kitchens, Inc. | Series A | $5.9M | $65.9M | 0.98× |
| Blue Run Spirits, LLC | Series A | $5.0M | $52.6M | 0.79× |
| Kitchen Hub Inc. | Series A | $4.0M | $41.1M | 0.61× |
| Core Brewing & Distilling Company, LLC | Series A | $9.2M | $33.4M | 0.50× |
| Kuleana Spirits, Inc. | Series A | $6.9M | $28.8M | 0.43× |
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.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Seed | $1.6M | 2010-10-11 | $7.8M | $28.8M | 85% |
| Series A | $4.1M | 2011-07-01 | $18.6M | $61.9M | 85% |
| Series A | $2.5M | 2012-11-01 | $11.4M | $37.8M | 85% |
| Pre-Seed | $399K | 2016-07-08 | $2.2M | $9.2M | 85% |
| Series A | $13.1M | 2016-07-08 | $59.6M | $198.5M | 90% |
| Series A | $501K | 2018-08-28 | $2.3M | $7.6M | 90% |
| Series A | $5.5M | 2019-07-01 | $24.9M | $82.9M | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
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.
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.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| Terrence P. Fergus | — | 1 other | 2010-10 |
| Thomas J. Wilson | — | 1 other | 2010-10 |
| Brandis M. Deitelbaum | — | — | 2019-07 |
| Brandis T. Deitelbaum | — | — | 2010-10 |
| David A. Moorhead | — | — | 2012-11 |
| David M. Lawrence | — | — | 2019-07 |
| Fredric T. Pratt | — | — | 2010-10 |
| Isaiah A. Orlen | — | — | 2016-07 |
| Jim M. Hughes | — | — | 2019-07 |
| Jim T. Hughes | — | — | 2010-10 |
| John E. Lawrence | — | — | 2016-07 |
| Jon A. Perry | — | — | 2016-07 |
| Jon Deitelbaum | — | — | 2010-10 |
| Mitch E. Grossbach | — | — | 2019-07 |
| Patrick M. Ghilani | — | — | 2019-07 |
| Richard M. Weinberg | — | — | 2010-10 |
| Scott E. Freeman | — | — | 2019-07 |
| William M. Goodman | — | — | 2019-07 |
| William T. Goodman | — | — | 2012-11 |
Toast Spirits 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.
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.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Avitae Holdings LLC | Other | Series A | $13.2M | $46.9M | network2 shared operators · same stage |
| VNGR Beverage, LLC | Food & Beverage | Series A | $27.4M | $104.9M | same sector · same stage |
| Sustainable Beverage Technologies Inc. | Food & Beverage | Series A | $25.1M | $3.5M | same sector · same stage |
| Drake's Organic Spirits, Inc. | Food & Beverage | Series A | $24.6M | $8.1M | same sector · same stage |
| Best Day Brewing, Inc. | Food & Beverage | Series A | $33.0M | $16.4M | same sector · same stage |
| Roar Beverages, Inc. | Food & Beverage | Series A | $35.1M | $49.1M | same sector · same stage |
| Que Onda Beverage, Inc. | Food & Beverage | Series A | $20.3M | $29.4M | same sector · same stage |
| Tahoe Spirits, Inc. | Food & Beverage | Series A | $18.2M | $5.7M | same sector · same stage |
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.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| Toast Distillers, Inc. | Food & Beverage | Pre-Seed | $2.3M | 92% |
| Toast Holdings, Inc. | Other | Series A | $64.4M | 85% |
| Toast Empire, Inc. | Other | Seed | $13.7M | 85% |
| Cardinal Spirits LLC | Food & Beverage | Pre-Seed | $2.9M | 85% |
| Better Spirits, LLC | Food & Beverage | Pre-Seed | $2.8M | 84% |
| B&M Craft Spirits, Llc | Food & Beverage | Seed | $2.4M | 84% |
| Smile Spirits, Inc. | Food & Beverage | Pre-Seed | $524K | 84% |
| Salute Spirits, Inc. | Food & Beverage | Pre-Seed | $7.7M | 83% |
See where Toast Spirits LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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