Diligence memo · auto-generated · as of July 2, 2026
Axion Health, Inc.
Axion Health, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Axion Health, Inc. operates in Other Health Care, based in DENVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Axion Health, Inc. has raised $12M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $4.8M on 2011-12-31.
Most recent recorded round closed around 2013-04-25.
Valuation (modeled)modeled
Provath models Axion Health, Inc. at approximately $61M (range $3.8M–$329M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.50× the median modeled value of Series A Other Health Care companies in 2013–2015 (187 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 9 months.
Last raise 13.2 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.6× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 78% of Other Health Care peers (5377 compared).
Modeled value ranks above 70% of those peers.
Closest niche peers: Imagine Health, Inc., Spruce Health, Inc., Inova Labs, Inc., Cephea Valve Technologies, Inc., ClarVista Medical, Inc..
Peoplefiled
11 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.