Companies · Food & Beverage

Virago Spirits, LLC

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

Diligence memoA one-page analyst read on Virago Spirits, LLC — recommendation, valuation, rhythm, risks.
$575K
Total raised · real
1
Rounds
0.5×
Latest step-up
Top 46%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Mon Mar 04 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Virago Spirits, LLC looks over-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.

Over-valued
  • Modeled value is 1.77× the median modeled value of Pre-Seed Food & Beverage companies in 2019–2021 (57 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.3 yr ago; this sector typically re-raises about every 15 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Virago Spirits, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
7.3 yr record
Peak capital year was 2019 with $1.7M across 4 filings.
Market position
ahead of 55% of Food & Beverage peers
Capital scale is ahead of 55% of Food & Beverage peers; modeled value is above 73% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2019: $1.7M across 4 filings.
  • Largest single filing was $575K on 2019-03-04.
  • Filing rows sum to $1.7M, while canonical raised total is $575K; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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

Virago Spirits, LLC is one of 567 Food & Beverage companies tracked from RICHMOND. By capital raised it ranks mid-pack (ahead of 55% of sector peers), and in the upper tier 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
8
Investors (latest)
2016
Year incorporated
2019-03-04
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$5.0M$10M$15M$20MPre-Seed · 2019-03-04 Raised $540K (real) Modeled valuation $12M (est)$540K$12MPre-Seed2019Pre-Seed · 2019-03-04 Raised $575K (real) Modeled valuation $13M (est)$575K$13MPre-Seed2019Pre-Seed · 2019-03-04 Raised $380K (real) Modeled valuation $8.8M (est)$380K$8.8MPre-Seed2019Pre-Seed · 2019-03-04 Raised $180K (real) Modeled valuation $4.2M (est)$180K$4.2MPre-Seed2019+$575K+$380K+$180KCumulative $1.7M

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
Pre-Seed$540K · 2019
Pre-Seed extension$575K · 2019
Pre-Seed extension$380K · 2019
Pre-Seed extension$180K · 2019

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$13.3M
Base estimate est.
$383K
Conservative case
$150.7M
Upside case
$3.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $12.5M · 2019-03-042019Pre-Seed · modeled $13.3M · 2019-03-04Pre-Seed · modeled $8.8M · 2019-03-04Pre-Seed · modeled $4.2M · 2019-03-042019
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.55×/yr
Annual markup
2.10×/yr upside case
6.0 yr
Elapsed time used
7.3 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
7.3 yr
On record since
2019
First round
4
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) 0.5× of median
This company$575K
Sector median$1.2M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.4× of median
This company$180K
Sector median$411K
Modeled value — vs sector median (estimate, all stages) 1.3× above median
This company$13.3M
Sector median$10.6M

Raised more than 55% of sector peers (real $). Modeled value above 73% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 57.

This companyCohort peer
$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Belbridge Brewing Company, Llc · Pre-Seed Raised $975K · modeled $22.5M (est)I & A Agave Spirits LLC · Pre-Seed Raised $910K · modeled $21.0M (est)J&L Eppig Brewing LLC · Pre-Seed Raised $741K · modeled $17.1M (est)DC Brau Brewing LLC · Pre-Seed Raised $1.1M · modeled $14.2M (est)Expat Beverages, LLC · Pre-Seed Raised $750K · modeled $12.8M (est)Safe Haven Brewing Company, Inc. · Pre-Seed Raised $750K · modeled $12.5M (est)Bluehall Bakery, LLC · Pre-Seed Raised $1.0M · modeled $12.4M (est)Vosa Spirits, LLC · Pre-Seed Raised $700K · modeled $12.3M (est)Pizza Party Inc. · Pre-Seed Raised $524K · modeled $12.1M (est)Phase 2 Cellars, LLC · Pre-Seed Raised $506K · modeled $11.7M (est)Sailfish Brewing Company, Inc. · Pre-Seed Raised $500K · modeled $11.6M (est)Virago Spirits, LLC (this company) Raised $575K · modeled $13.3M (est)Virago Spirits, LLC
CompanyStageRaised · realValue · estvs peer med.
Belbridge Brewing Company, LlcPre-Seed$975K$22.5M3.00×
I & A Agave Spirits LLCPre-Seed$910K$21.0M2.80×
J&L Eppig Brewing LLCPre-Seed$741K$17.1M2.28×
DC Brau Brewing LLCPre-Seed$1.1M$14.2M1.89×
Virago Spirits, LLC this companyPre-Seed$575K$13.3M1.77×
Expat Beverages, LLCPre-Seed$750K$12.8M1.71×
Safe Haven Brewing Company, Inc.Pre-Seed$750K$12.5M1.66×
Bluehall Bakery, LLCPre-Seed$1.0M$12.4M1.65×
Vosa Spirits, LLCPre-Seed$700K$12.3M1.64×
Pizza Party Inc.Pre-Seed$524K$12.1M1.61×
Phase 2 Cellars, LLCPre-Seed$506K$11.7M1.56×
Sailfish Brewing Company, Inc.Pre-Seed$500K$11.6M1.54×
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.
Pre-Seed$540K2019-03-04$3.0M$12.5M90%
Pre-Seed$575K2019-03-04$3.2M$13.3M90%
Pre-Seed$380K2019-03-04$2.1M$8.8M90%
Pre-Seed$180K2019-03-04$1.0M$4.2M90%
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. Pre-Seed$540K2019-03-04
    • First recorded raise — entered as Pre-Seed.
    • 16 investors on this round.
  2. Pre-Seed$575K2019-03-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 19 investors on this round.
  3. Pre-Seed$380K2019-03-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 15 investors on this round.
  4. Pre-Seed$180K2019-03-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 8 investors on this round.
Intelligence
Modeled next raise
$180K
Modeled next size est.range $180K$288K
0.5×
Last step-up
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
Bradley A. Haneberg2019-03
Registry & provenance

Virago 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.

United States
Country of record
US
Jurisdiction
1765750
SEC CIK
2016
Incorporated
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
Creek Water Spirits, LLCFood & BeveragePre-Seed$576K$9.4Msame sector · same stage
True Spirit Beverage CoFood & BeveragePre-Seed$560K$5.7Msame sector · same stage
Apollo Beverages, LLCFood & BeveragePre-Seed$600K$13.9Msame sector · same stage
Bella Ray Beverage LLCFood & BeveragePre-Seed$600K$2.6Msame sector · same stage
Blackwater Distilling, Inc.Food & BeveragePre-Seed$600K$8.1Msame sector · same stage
Locke Distilling Holdings, LLCFood & BeveragePre-Seed$600K$13.9Msame sector · same stage
Persimmon Hollow Brewing Company, LLCFood & BeveragePre-Seed$600K$9.6Msame sector · same stage
River Siren Brewing Co LLCFood & BeveragePre-Seed$600K$11.4Msame sector · same stage
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
Vosa Spirits, LLCFood & BeveragePre-Seed$12.3M85%
Kleos Spirits, LLCFood & BeveragePre-Seed$7.7M84%
La Caza Spirits, LLCFood & BeveragePre-Seed$6.9M84%
Bellissima Spirits LLCFood & BeveragePre-Seed$1.2M83%
Jersey Shore Spirits IncFood & BeveragePre-Seed$1.4M83%
Heaven's Door Spirits, LLCFood & BeverageSeries B$561.5M83%
O'Shevlin Spirits LLCFood & BeveragePre-Seed$5.1M83%
Cardinal Spirits LLCFood & BeveragePre-Seed$2.9M83%
Frequently asked
How much funding has Virago Spirits, LLC raised?
Virago Spirits, LLC has raised approximately $575K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Virago Spirits, LLC's estimated valuation?
Provath's modeled valuation for Virago Spirits, LLC is approximately $13.3M (modeled range $383K–$150.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Virago Spirits, LLC at?
Virago Spirits, LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Mon Mar 04.
What does Virago Spirits, LLC do and where is it based?
Virago Spirits, LLC operates in the Food & Beverage sector, based in RICHMOND.
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