Companies · Food & Beverage

Wisconsin Brewing Company, LLC

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

Diligence memoA one-page analyst read on Wisconsin Brewing Company, LLC — recommendation, valuation, rhythm, risks.
$16.8M
Total raised · real
5
Rounds
1.8×
Latest step-up
Top 8%
Sector rank · raised
Series A
Latest stage · inferred · Wed Sep 10 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Wisconsin Brewing Company, LLC looks under-valued against its niche peers and is active 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.

Under-valued
  • Modeled value is 0.42× the median modeled value of Series A Food & Beverage companies in 2025–2027 (11 peers) — value vs value, same stage and era.
Active
  • Last raise 10 mo ago; this sector typically re-raises about every 15 months.
  • Raising on or ahead of the sector's normal rhythm.

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

Issuer-vehicle patternmedium confidence

Wisconsin Brewing Company, 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
14.0 yr record
Peak capital year was 2012 with $16.0M across 2 filings.
Market position
ahead of 93% of Food & Beverage peers
Capital scale is ahead of 93% of Food & Beverage peers; modeled value is above 58% 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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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 2012: $16.0M across 2 filings.
  • Largest single filing was $8.0M on 2012-07-01.
  • Filing rows sum to $26.8M, while canonical raised total is $16.8M; 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

Wisconsin Brewing Company, LLC is one of 567 Food & Beverage companies tracked from VERONA. By capital raised it ranks among the largest (ahead of 93% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

food-beverage

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
19
Investors (latest)
2025-09-10
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$50M$100M$150M$200MSeries A · 2012-07-01 Raised $8.0M (real) Modeled valuation $121M (est)Series A2012Series A · 2012-10-05 Raised $8.0M (real) Modeled valuation $121M (est)Series A2012Seed · 2015-02-01 Raised $2.0M (real) Modeled valuation $37M (est)Seed2015Series A · 2015-02-01 Raised $2.0M (real) Modeled valuation $30M (est)Series A2015Series A · 2022-03-30 Raised $3.8M (real) Modeled valuation $34M (est)Series A2022Series A · 2023-02-06 Raised $1.1M (real) Modeled valuation $7.4M (est)Series A2023Series A · 2025-09-10 Raised $1.9M (real) Modeled valuation $6.2M (est)Series A2025+$8.0M+$2.0M+$2.0M+$3.8M+$1.1M+$1.9MCumulative $27M

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
Series A$8.0M · 2012
Series A extension$8.0M · 2012
Bridge · Series A-stage$2.0M · 2015smaller follow-on
Series A extension$2.0M · 2015
Series A extension$3.8M · 2022
Series A extension$1.1M · 2023
Series A extension$1.9M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$6.2M
Base estimate est.
$2.7M
Conservative case
$10.2M
Upside case
$8.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series A · modeled $121.1M · 2012-07-012012Series A · modeled $121.1M · 2012-10-05Seed · modeled $37.2M · 2015-02-01Series A · modeled $30.3M · 2015-02-01Series A · modeled $33.9M · 2022-03-30Series A · modeled $7.4M · 2023-02-06Series A · modeled $6.2M · 2025-09-102025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.35×/yr
Annual markup
1.70×/yr upside case
0.8 yr
Elapsed time used
0.8 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
26 mo
Avg between rounds
$1.3M/yr
Capital velocity
14.0 yr
On record since
2012
First round
7
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) 14× above median
This company$16.8M
Sector median$1.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.4× of median
This company$1.9M
Sector median$5.0M
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$6.2M
Sector median$10.6M

Raised more than 93% of sector peers (real $). Modeled value above 58% of peers (estimate).

Niche peers — same stage & era

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 #8 of 11.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Cambio Roasters, LLC · Series A Raised $16.2M · modeled $30.2M (est)Revelton Distilling Company, Inc. · Series A Raised $8.0M · modeled $23.9M (est)Next Century Spirits, Inc · Series A Raised $6.0M · modeled $17.0M (est)Best Day Brewing, Inc. · Series A Raised $33.0M · modeled $16.4M (est)Pilot Project Brewing Co · Series A Raised $7.0M · modeled $15.8M (est)Michael Waltrip Brewing Co · Series A Raised $5.9M · modeled $14.7M (est)Sprinter Spirits, Inc. · Series A Raised $16.8M · modeled $12.6M (est)Sustainable Beverage Technologies Inc. · Series A Raised $25.1M · modeled $3.5M (est)Tost Beverages, Inc. · Series A Raised $7.9M · modeled $3.4M (est)Hamilton Distillers Group, Inc. · Series A Raised $7.1M · modeled $1.4M (est)Wisconsin Brewing Company, LLC (this company) Raised $16.8M · modeled $6.2M (est)Wisconsin Brewing Company, LLC
CompanyStageRaised · realValue · estvs peer med.
Cambio Roasters, LLCSeries A$16.2M$30.2M2.06×
Revelton Distilling Company, Inc.Series A$8.0M$23.9M1.63×
Next Century Spirits, IncSeries A$6.0M$17.0M1.16×
Best Day Brewing, Inc.Series A$33.0M$16.4M1.12×
Pilot Project Brewing CoSeries A$7.0M$15.8M1.08×
Michael Waltrip Brewing CoSeries A$5.9M$14.7M1.00×
Sprinter Spirits, Inc.Series A$16.8M$12.6M0.86×
Wisconsin Brewing Company, LLC this companySeries A$16.8M$6.2M0.42×
Sustainable Beverage Technologies Inc.Series A$25.1M$3.5M0.24×
Tost Beverages, Inc.Series A$7.9M$3.4M0.23×
Hamilton Distillers Group, Inc.Series A$7.1M$1.4M0.09×
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.
Series A$8.0M2012-07-01$36.4M$121.1M85%
Series A$8.0M2012-10-05$36.4M$121.1M85%
Seed$2.0M2015-02-01$10.0M$37.2M85%
Series A$2.0M2015-02-01$9.1M$30.3M85%
Series A$3.8M2022-03-30$17.2M$33.9M90%
Series A$1.1M2023-02-06$4.9M$7.4M90%
Series A$1.9M2025-09-10$8.9M$6.2M90%
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. Series A$8.0M2012-07-01
    • First recorded raise — entered as Series A.
  2. Series A$8.0M2012-10-05
    • Came back fast: 3 mo vs the ~15 mo sector norm.
    • Round roughly the size of the prior one.
    • 61 investors on this round.
  3. Seed$2.0M2015-02-01
    • Raised again after 28 mo — slower than the ~15 mo sector norm.
    • Round 4.0× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 38 investors on this round.
  4. Series A$2.0M2015-02-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 38 investors on this round.
  5. Series A$3.8M2022-03-30
    • Raised again after 86 mo — slower than the ~15 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 11 investors on this round.
  6. Series A$1.1M2023-02-06
    • Raised 10 mo later, in step with the ~15 mo sector norm.
    • Round 3.5× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  7. Series A$1.9M2025-09-10
    • Raised again after 31 mo — slower than the ~15 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 19 investors on this round.
Intelligence
2027 ~Q4
Modeled next raise · ~26mo cadence
$3.6M
Modeled next size est.range $2.3M$5.7M
1.8×
Last step-up
$1.3M/yr
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
Travis Nelson2 other2015-02
CARL C NOLEN2023-02
Carl J. Nolen2012-07
Carl Nolen2015-02
CARL T. NOLEN2025-09
Chris Rebholz2015-02
CHRISTOPHER REBHOLZ2022-03
CHRISTOPHER T. REBHOLZ2025-09
JAMES C ROWE2023-02
JAMES T. ROWE2025-09
JEFF C HEMBROCK2023-02
JEFF T. HEMBROCK2025-09
KEVIN T. ZERMAN2025-09
Mark J. Nolen2012-07
Mark Nolen2015-02
Michael Merriman2015-02
PAUL VERDU2023-02
Registry & provenance

Wisconsin Brewing Company, 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
1541546
SEC CIK
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
Pure Madness Brewery Group, LLCFood & BeverageSeries A$16.0M$11.0Msame sector · same stage
Tahoe Spirits, Inc.Food & BeverageSeries A$18.2M$5.7Msame sector · same stage
Drake's Organic Spirits, Inc.Food & BeverageSeries A$24.6M$8.1Msame sector · same stage
Belle Isle Craft Spirits, Inc.Food & BeverageSeries A$11.4M$5.4Msame sector · same stage
Sustainable Beverage Technologies Inc.Food & BeverageSeries A$25.1M$3.5Msame sector · same stage
Wholesome Spirits Inc.Food & BeverageSeries A$8.8M$6.9Msame sector · same stage
Tost Beverages, Inc.Food & BeverageSeries A$7.9M$3.4Msame sector · same stage
Hamilton Distillers Group, Inc.Food & BeverageSeries A$7.1M$1.4Msame 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
First State Brewing Company, LLCFood & BeveragePre-Seed$15.3M90%
Logboat Brewing Company, LLCFood & BeveragePre-Seed$525K88%
Brew ND, LLCFood & BeveragePre-Seed$907K87%
Hoboken Brewing LLCFood & BeveragePre-Seed$6.4M87%
Two Brews, LLCFood & BeveragePre-Seed$2.8M87%
Community Brewing Ventures, LLCFood & BeverageSeed$30.0M87%
Wild Barrel Brewing Company, LLCFood & BeveragePre-Seed$10.7M87%
All About Beer, LLCOtherPre-Seed$2.9M87%
Frequently asked
How much funding has Wisconsin Brewing Company, LLC raised?
Wisconsin Brewing Company, LLC has raised approximately $16.8M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Wisconsin Brewing Company, LLC's estimated valuation?
Provath's modeled valuation for Wisconsin Brewing Company, LLC is approximately $6.2M (modeled range $2.7M–$10.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Wisconsin Brewing Company, LLC at?
Wisconsin Brewing Company, LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Sep 10.
What does Wisconsin Brewing Company, LLC do and where is it based?
Wisconsin Brewing Company, LLC operates in the Food & Beverage sector, based in VERONA.
Explore related

See where Wisconsin Brewing Company, 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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