Diligence memo · auto-generated · as of July 3, 2026
Enalare Therapeutics Inc.
Enalare Therapeutics Inc. looks over-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Enalare Therapeutics Inc. operates in Pharmaceuticals, based in PRINCETON.
Sub-sector tags: pharma.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Enalare Therapeutics Inc. has raised $24M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $13M on 2022-08-08.
Most recent recorded round closed around 2022-08-08.
Valuation (modeled)modeled
Provath models Enalare Therapeutics Inc. at approximately $151M (range $14M–$505M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 4.62× the median modeled value of Series A Pharmaceuticals companies in 2022–2024 (64 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 7 months.
Last raise 3.9 yr ago; this sector typically re-raises about every 13 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round stepped up 12.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 69% of Pharmaceuticals peers (1613 compared).
Modeled value ranks above 63% of those peers.
Closest niche peers: Hallux, Inc., Silver Creek Pharmaceuticals, Inc., NQ PE Project Stingray Parent, L.P., Acta Pharmaceuticals, Inc., Groff North America, LLC.
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.