Companies · Pharmaceuticals

Cardax, Inc.

HONOLULU · Pharmaceuticals

Diligence memoA one-page analyst read on Cardax, Inc. — recommendation, valuation, rhythm, risks.
$7.3M
Total raised · real
4
Rounds
0.1×
Latest step-up
Top 53%
Sector rank · raised
Seed
Latest stage · inferred · Thu Sep 16 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Cardax, Inc. looks under-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. Valuation uses the pharma sector profile.

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 0.07× the median modeled value of Seed Pharmaceuticals companies in 2019–2021 (49 peers) — value vs value, same stage and era.
  • Issuer reports $0–$1M revenue while modeled below niche peers.
Dormant
  • Last raise 4.8 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
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 Pharmaceuticals

Cardax, Inc. is one of 1610 Pharmaceuticals companies tracked from HONOLULU. By capital raised it ranks mid-pack (ahead of 48% of sector peers), and in the long tail 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
$0–$1M
Issuer revenue
Rule 506(b)
Reg D exemption
5
Investors (latest)
2021-09-16
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$200MSeed · 2014-02-07 Raised $3.9M (real) Modeled valuation $149M (est)Seed2014Seed · 2015-03-03 Raised $1.1M (real) Modeled valuation $43M (est)Seed2015Seed · 2015-03-03 Raised $1.6M (real) Modeled valuation $61M (est)Seed2015Pre-Seed · 2015-03-03 Raised $290K (real) Modeled valuation $14M (est)Pre-Seed2015Pre-Seed · 2016-05-11 Raised $503K (real) Modeled valuation $24M (est)Pre-Seed2016Seed · 2016-05-11 Raised $1.5M (real) Modeled valuation $59M (est)Seed2016Seed · 2021-09-16 Raised $200K (real) Modeled valuation $4.1M (est)Seed2021+$1.1M+$1.6M+$290K+$503K+$1.5M+$200KCumulative $9.2M

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
Seed$3.9M · 2014
Seed extension$1.1M · 2015
Seed extension$1.6M · 2015
Bridge · Seed-stage$290K · 2015smaller follow-on
Bridge · Seed-stage$503K · 2016smaller follow-on
Seed extension$1.5M · 2016
Seed extension$200K · 2021

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

Modeled valuation trajectory
$4.1M
Base estimate est.
$151K
Conservative case
$22.9M
Upside case
$1.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Seed · modeled $149.2M · 2014-02-072014Seed · modeled $42.8M · 2015-03-03Seed · modeled $60.5M · 2015-03-03Pre-Seed · modeled $13.7M · 2015-03-03Pre-Seed · modeled $23.8M · 2016-05-11Seed · modeled $58.6M · 2016-05-11Seed · modeled $4.1M · 2021-09-162021
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
34%
Survival probability
15% low · 52% high
1.68×/yr
Annual markup
2.20×/yr upside case
4.8 yr
Elapsed time used
4.8 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$954K/yr
Capital velocity
12.4 yr
On record since
2014
First round
7
Rounds on file
How it compares to the market

Benchmarked against 1610 companies in Pharmaceuticals. 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) 0.9× of median
This company$7.3M
Sector median$8.1M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$200K
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$4.1M
Sector median$76.1M

Raised more than 48% of sector peers (real $). Modeled value above 7% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #48 of 49.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Wiesman Capital & Co., LLC · Seed Raised $4.0M · modeled $152.2M (est)Curzion Pharmaceuticals, Inc. · Seed Raised $3.5M · modeled $133.1M (est)Providence Therapeutics Inc. · Seed Raised $8.1M · modeled $132.2M (est)EnBiotix, Inc. · Seed Raised $6.6M · modeled $131.8M (est)Metuchen Pharmaceuticals, LLC · Seed Raised $3.1M · modeled $119.2M (est)VasoRx, Inc. · Seed Raised $4.7M · modeled $117.9M (est)Amplicore Inc. · Seed Raised $2.8M · modeled $107.1M (est)Lamassu Pharma, LLC · Seed Raised $2.7M · modeled $101.5M (est)Apertor Pharmaceuticals, Inc. · Seed Raised $3.0M · modeled $95.2M (est)Elgia Therapeutics, Inc. · Seed Raised $2.3M · modeled $88.6M (est)Pharmapotheca A, LLC · Seed Raised $3.1M · modeled $87.1M (est)ImmunoRx Pharma, Inc. · Seed Raised $2.7M · modeled $82.1M (est)Cardax, Inc. (this company) Raised $7.3M · modeled $4.1M (est)Cardax, Inc.
CompanyStageRaised · realValue · estvs peer med.
Wiesman Capital & Co., LLCSeed$4.0M$152.2M2.67×
Curzion Pharmaceuticals, Inc.Seed$3.5M$133.1M2.33×
Providence Therapeutics Inc.Seed$8.1M$132.2M2.32×
EnBiotix, Inc.Seed$6.6M$131.8M2.31×
Metuchen Pharmaceuticals, LLCSeed$3.1M$119.2M2.09×
VasoRx, Inc.Seed$4.7M$117.9M2.07×
Amplicore Inc.Seed$2.8M$107.1M1.88×
Lamassu Pharma, LLCSeed$2.7M$101.5M1.78×
Apertor Pharmaceuticals, Inc.Seed$3.0M$95.2M1.67×
Elgia Therapeutics, Inc.Seed$2.3M$88.6M1.55×
Pharmapotheca A, LLCSeed$3.1M$87.1M1.53×
ImmunoRx Pharma, Inc.Seed$2.7M$82.1M1.44×
Cardax, Inc. this companySeed$7.3M$4.1M0.07×
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.
Seed$3.9M2014-02-07$19.6M$149.2M85%
Seed$1.1M2015-03-03$5.6M$42.8M85%
Seed$1.6M2015-03-03$8.0M$60.5M85%
Pre-Seed$290K2015-03-03$1.6M$13.7M85%
Pre-Seed$503K2016-05-11$2.8M$23.8M85%
Seed$1.5M2016-05-11$7.7M$58.6M90%
Seed$200K2021-09-16$1.0M$4.1M90%
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. Seed$3.9M2014-02-07
    • First recorded raise — entered as Seed.
    • 62 investors on this round.
  2. Seed$1.1M2015-03-03
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 3.5× smaller than the prior — bridge or down round.
    • 21 investors on this round.
  3. Seed$1.6M2015-03-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 29 investors on this round.
  4. Pre-Seed$290K2015-03-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.5× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  5. Pre-Seed$503K2016-05-11
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 10 investors on this round.
  6. Seed$1.5M2016-05-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.1× larger than the prior — scaling up.
    • 50 investors on this round.
  7. Seed$200K2021-09-16
    • Raised again after 64 mo — slower than the ~13 mo sector norm.
    • Round 7.7× smaller than the prior — bridge or down round.
    • 5 investors on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~15mo cadence
$200K
Modeled next size est.range $200K$320K
0.1×
Last step-up
$954K/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
David G. Watumull3 other2014-02
Frank C. Herringer2 other2015-03
Tamar D. Howson2 other2015-03
Nicholas G. Mitsakos1 other2014-02
David M. Watumull2014-02
Frank G. Herringer2014-02
George W. Bickerstaff III2015-03
John B. Russell2015-03
John M. Russell2014-02
Michele G. Galen2016-05
Terence A. Kelly2015-03
Registry & provenance

Cardax, Inc. 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
1544238
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
Cardax Pharma, Inc.PharmaceuticalsSeed$2.9M$79.0Mnetwork3 shared operators · same sector · same stage
FibroBiologics, Inc.PharmaceuticalsSeed$7.2M$3.8Msame sector · same stage
Urigen Pharmaceuticals, Inc.PharmaceuticalsSeed$7.1M$6.3Msame sector · same stage
Amytrx Therapeutics, Inc.PharmaceuticalsSeed$7.0M$4.6Msame sector · same stage
Aponia Laboratories IncPharmaceuticalsSeed$7.7M$2.7Msame sector · same stage
BTB Therapeutics, Inc.PharmaceuticalsSeed$6.7M$7.9Msame sector · same stage
ResBiotic Nutrition, Inc.PharmaceuticalsSeed$6.6M$8.5Msame sector · same stage
NanoPharmaceuticals LLCPharmaceuticalsSeed$6.6M$2.2Msame 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
Solaxa Inc.PharmaceuticalsPre-Seed$1.3M85%
Tenax Therapeutics, Inc.PharmaceuticalsSeries C$840.7M82%
Fidelis Animal Health Inc.PharmaceuticalsSeries A$6.1M81%
Sermonix Pharmaceuticals, Inc.PharmaceuticalsSeries C$877.9M81%
CardioNXT, Inc.Other Health CareSeed$74.4M81%
Stemtrix Corp.PharmaceuticalsSeries B$242.1M80%
Virpax Pharmaceuticals, Inc.PharmaceuticalsSeed$11.8M80%
Designmedix IncPharmaceuticalsSeed$24.8M80%
Frequently asked
How much funding has Cardax, Inc. raised?
Cardax, Inc. has raised approximately $7.3M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Cardax, Inc.'s estimated valuation?
Provath's modeled valuation for Cardax, Inc. is approximately $4.1M (modeled range $151K–$22.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Cardax, Inc. at?
Cardax, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Sep 16.
What does Cardax, Inc. do and where is it based?
Cardax, Inc. operates in the Pharmaceuticals sector, based in HONOLULU.
Explore related

See where Cardax, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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