Diligence memo · auto-generated · as of July 2, 2026
Toast Spirits LLC
Toast Spirits LLC looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Toast Spirits LLC operates in Food & Beverage, based in Cleveland.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Toast Spirits LLC has raised $27M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $13M on 2016-07-08.
Most recent recorded round closed around 2019-07-01.
Valuation (modeled)modeled
Provath models Toast Spirits LLC at approximately $83M (range $7.5M–$451M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.24× the median modeled value of Series A Food & Beverage companies in 2019–2021 (14 peers) — value vs value, same stage and era. Within the normal band (124% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 17 months.
Last raise 7.0 yr ago; this sector typically re-raises about every 15 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 10.9× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 96% of Food & Beverage peers (567 compared).
Modeled value ranks above 94% of those peers.
Closest niche peers: Drop Kitchen, Inc., Bright Cellars Inc., Lagom Kitchen Co, Wildpack Beverage Alberta Inc., Black Frost Distilling, LLC.
Peoplefiled
19 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.