Diligence memo · auto-generated · as of July 2, 2026
Update Beverages Inc.
Update Beverages Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
Update Beverages Inc. operates in Food & Beverage, based in NEW YORK.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Update Beverages Inc. has raised $8.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $8.0M on 2024-08-29.
Most recent recorded round closed around 2024-08-29.
Valuation (modeled)modeled
Provath models Update Beverages Inc. at approximately $35M (range $11M–$72M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.03× the median modeled value of Series A Food & Beverage companies in 2022–2024 (19 peers) — value vs value, same stage and era. Within the normal band (103% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 22 mo ago; this sector typically re-raises about every 15 months.
Slightly overdue versus sector cadence.
Comparablesmixed
Capital scale ranks ahead of 90% of Food & Beverage peers (567 compared).
Modeled value ranks above 87% of those peers.
Closest niche peers: VNGR Beverage, LLC, Old Bourbon County Distillery LLC, Arrow&Branch Winery, Llc, Roar Beverages, Inc., Theo Chocolate, Inc..
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.