Diligence memo · auto-generated · as of July 2, 2026
Carna Inc.
Carna Inc. looks over-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Carna Inc. operates in Biotechnology, based in BOSTON.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Carna Inc. has raised $3.4M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.4M on 2025-01-03.
Most recent recorded round closed around 2025-01-03.
Valuation (modeled)modeled
Provath models Carna Inc. at approximately $12M (range $2.4M–$29M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.72× the median modeled value of Seed Biotechnology companies in 2025–2027 (99 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 18 mo ago; this sector typically re-raises about every 14 months.
Slightly overdue versus sector cadence.
Comparablesmixed
Capital scale ranks ahead of 36% of Biotechnology peers (4293 compared).
Modeled value ranks above 21% of those peers.
Closest niche peers: NRX Pharmaceuticals, Inc., Vicora, Inc., MH3D, Inc., Oral Genome Corp., Synlico Inc..
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.