Diligence memo · auto-generated · as of July 2, 2026
Cardia, Inc.
Cardia, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Cardia, Inc. operates in Other Health Care, based in Eagan.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Cardia, Inc. has raised $6.2M in disclosed capital across 8 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.1M on 2011-07-25.
Most recent recorded round closed around 2019-11-13.
Valuation (modeled)modeled
Provath models Cardia, Inc. at approximately $9.0M (range $308K–$71M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.25× the median modeled value of Seed Other Health Care companies in 2019–2021 (211 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 12 months.
Last raise 6.6 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 68% of Other Health Care peers (5377 compared).
Modeled value ranks above 32% of those peers.
Closest niche peers: Crossroads at Delta Memory, Noninvasix, Inc., CPIV Haven Holdings, LLC, Cane Ip Key Holdings, Llc, Hospi Corp.
Peoplefiled
3 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.