Companies · Food & Beverage

Zen Beverage, LLC

Long Beach · Food & Beverage · refined from filed group “Other

Diligence memoA one-page analyst read on Zen Beverage, LLC — recommendation, valuation, rhythm, risks.
$88.5M
Total raised · real
3
Rounds
0.1×
Latest step-up
Top 2%
Sector rank · raised
Series B
Latest stage · inferred · Wed May 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Zen Beverage, LLC has raised $89M over 3 rounds; too few niche peers to rank its valuation yet.

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.

At-risk
  • Last raise 3.1 yr ago; this sector typically re-raises about every 15 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.

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

Issuer-vehicle patternmedium confidence

Zen Beverage, 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
6.2 yr record
Peak capital year was 2020 with $73.2M across 3 filings.
Market position
ahead of 99% of Food & Beverage peers
Capital scale is ahead of 99% of Food & Beverage peers; modeled value is above 96% 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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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 2020: $73.2M across 3 filings.
  • Largest single filing was $32.9M on 2021-09-01.
  • Filing rows sum to $133.8M, while canonical raised total is $88.5M; 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

Zen Beverage, LLC is one of 567 Food & Beverage companies tracked from Long Beach. By capital raised it ranks among the largest (ahead of 99% 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.

US
Jurisdiction
Rule 506(b)
Reg D exemption
3
Investors (latest)
2019
Year incorporated
2023-05-31
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$250M$500M$750M$1.0BSeries B · 2020-04-09 Raised $23M (real) Modeled valuation $374M (est)Series B2020Series B · 2020-04-09 Raised $19M (real) Modeled valuation $319M (est)Series B2020Series B · 2020-04-09 Raised $31M (real) Modeled valuation $523M (est)Series B2020Seed · 2021-09-01 Raised $2.0M (real) Modeled valuation $24M (est)Seed2021Series B · 2021-09-01 Raised $33M (real) Modeled valuation $410M (est)Series B2021Series B · 2023-05-31 Raised $24M (real) Modeled valuation $195M (est)Series B2023Seed · 2023-05-31 Raised $1.5M (real) Modeled valuation $9.4M (est)Seed2023+$19M+$31M+$2.0M+$33M+$24M+$1.5MCumulative $134M

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 B$22.5M · 2020
Series B extension$19.2M · 2020
Series B extension$31.5M · 2020
Bridge · Series B-stage$2.0M · 2021smaller follow-on
Series B extension$32.9M · 2021
Series B extension$24.2M · 2023
Bridge · Series B-stage$1.5M · 2023smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$195.4M
Base estimate est.
$60.4M
Conservative case
$430.5M
Upside case
$134.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series B · modeled $374.2M · 2020-04-092020Series B · modeled $318.9M · 2020-04-09Series B · modeled $523.1M · 2020-04-09Seed · modeled $24.1M · 2021-09-01Series B · modeled $409.7M · 2021-09-01Series B · modeled $195.4M · 2023-05-31Seed · modeled $9.4M · 2023-05-312023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
3.1 yr
Elapsed time used
3.1 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$28.2M/yr
Capital velocity
6.2 yr
On record since
2020
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) 74× above median
This company$88.5M
Sector median$1.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$1.5M
Sector median$19.7M
Modeled value — vs sector median (estimate, all stages) 18× above median
This company$195.4M
Sector median$10.6M

Raised more than 99% of sector peers (real $). Modeled value above 96% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Spirits Global Inc. · Series B Raised $40.7M · modeled $285.2M (est)MM Pizza Upper Holdings, LLC · Series B Raised $21.0M · modeled $235.4M (est)Elite Beverage International, Inc. · Series B Raised $20.0M · modeled $198.5M (est)Zen Beverage, LLC (this company) Raised $88.5M · modeled $195.4M (est)Zen Beverage, LLC
CompanyStageRaised · realValue · estvs peer med.
Spirits Global Inc.Series B$40.7M$285.2M1.31×
MM Pizza Upper Holdings, LLCSeries B$21.0M$235.4M1.09×
Elite Beverage International, Inc.Series B$20.0M$198.5M0.91×
Zen Beverage, LLC this companySeries B$88.5M$195.4M0.90×
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 B$22.5M2020-04-09$125.1M$374.2M90%
Series B$19.2M2020-04-09$106.6M$318.9M90%
Series B$31.5M2020-04-09$174.9M$523.1M90%
Seed$2.0M2021-09-01$10.0M$24.1M90%
Series B$32.9M2021-09-01$182.9M$409.7M90%
Series B$24.2M2023-05-31$134.2M$195.4M90%
Seed$1.5M2023-05-31$7.5M$9.4M90%
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 B$22.5M2020-04-09
    • First recorded raise — entered as Series B.
    • 4 investors on this round.
  2. Series B$19.2M2020-04-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  3. Series B$31.5M2020-04-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× larger than the prior — scaling up.
    • 136 investors on this round.
  4. Seed$2.0M2021-09-01
    • Raised 17 mo later, in step with the ~15 mo sector norm.
    • Round 15.7× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  5. Series B$32.9M2021-09-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 16.5× larger than the prior — scaling up.
    • 73 investors on this round.
  6. Series B$24.2M2023-05-31
    • Raised 21 mo later, in step with the ~15 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 64 investors on this round.
  7. Seed$1.5M2023-05-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 16.1× smaller than the prior — bridge or down round.
    • 3 investors on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~6mo cadence
$1.5M
Modeled next size est.range $1.5M$2.4M
0.1×
Last step-up
$28.2M/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
Lance Collins11 other2020-04
Jason Sutherland5 other2020-04
Bryan Crowley4 other2020-04
Linda Collins4 other2020-04
Paul Nadel4 other2023-05
Greg Gilbert2 other2020-04
Jon Ballas1 other2020-04
Jon Crecy1 other2020-04
John Crecy2020-04
Registry & provenance

Zen Beverage, 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
1822851
SEC CIK
2019
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
Casa Azul Spirits, LLCFood & BeverageSeries C$58.1M$819.2Mnetwork5 shared operators · same sector
Zen Beverage Investors, LLCFood & BeverageSeries B$21.0M$25.6Mnetwork3 shared operators · same sector · same stage
Muse Organic, LLCAgtech / FoodtechSeries B$24.4M$6.5Mnetwork4 shared operators · same stage
Core Nutrition, LLCAgtech / FoodtechSeries B$65.5M$416.9Mnetwork3 shared operators · same stage
Beyond Plastic, LLCOtherSeries A$4.2M$49.6Mnetwork4 shared operators
ASHOC Beverage, LLCRetailingSeries B$42.4M$63.8Mnetwork2 shared operators · same stage
Muse Nutrition, LlcAgtech / FoodtechSeries A$7.1M$69.5Mnetwork3 shared operators
Spindrift Beverage Co., Inc.Food & BeverageSeries B$78.7M$52.3Msame 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
Zen Beverage Investors, LLCFood & BeverageSeries B$25.6M95%
Zen Blend Farms LLCAgtech / FoodtechPre-Seed$4.5M91%
Wet Beverages LLCFood & BeverageSeed$6.3M86%
Hello Beverages, LLCFood & BeverageSeed$2.8M86%
Mountain Beverage LlcFood & BeveragePre-Seed$2.1M85%
Ohio River Beverages, LLCFood & BeverageSeries A$39.7M85%
Emergent Beverages, LLCFood & BeveragePre-Seed$1.2M85%
Wp Beverages, LlcFood & BeverageSeries B$140.5M84%
Frequently asked
How much funding has Zen Beverage, LLC raised?
Zen Beverage, LLC has raised approximately $88.5M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Zen Beverage, LLC's estimated valuation?
Provath's modeled valuation for Zen Beverage, LLC is approximately $195.4M (modeled range $60.4M–$430.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Zen Beverage, LLC at?
Zen Beverage, LLC's latest modeled financing stage is Series B. Its most recent recorded round closed around Wed May 31.
What does Zen Beverage, LLC do and where is it based?
Zen Beverage, LLC operates in the Food & Beverage sector, based in Long Beach.
Explore related

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