Diligence memo · auto-generated · as of July 2, 2026
Elves
Elves looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Elves operates in AI / ML, based in Africa. Egyptian AI startup Elves raises $2m seed round.
Sub-sector tags: ai/ml.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Elves has raised $2.0M 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: $2.0M on 2017-12-08.
Most recent recorded round closed around 2017-12-08.
Valuation (modeled)modeled
Provath models Elves at approximately $89M (range $1.8M–$696M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.00× the median modeled value of Seed AI / ML companies in 2016–2018 (18 peers) — value vs value, same stage and era. Within the normal band (100% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 8.6 yr ago; this sector typically re-raises about every 11 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 75% of AI / ML peers (2067 compared).
Modeled value ranks above 89% of those peers.
Closest niche peers: Bellrock Intelligence, Inc., Laer AI, Inc., Pulse Labs AI, Inc., CounterFlow AI, Inc., PAX Holdings, LLC.
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.