Companies · Other Health Care

Firefly Neuroscience, Inc.

Kenmore · Other Health Care

Diligence memoA one-page analyst read on Firefly Neuroscience, Inc. — recommendation, valuation, rhythm, risks.
$2.8M
Total raised · real
3
Rounds
6.0×
Latest step-up
Top 48%
Sector rank · raised
Seed
Latest stage · inferred · Sun Mar 08 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Firefly Neuroscience, Inc. looks fair against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the health care sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.14× the median modeled value of Seed Other Health Care companies in 2025–2027 (105 peers) — value vs value, same stage and era.
  • Within the normal band (114% of peer median) for its niche.
Active
  • Last raise 4 mo ago; this sector typically re-raises about every 14 months.
  • Raising on or ahead of the sector's normal rhythm.
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 Other Health Care

Firefly Neuroscience, Inc. is one of 5377 Other Health Care companies tracked from Kenmore. By capital raised it ranks mid-pack (ahead of 53% 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
Rule 506(b)
Reg D exemption
6
Investors (latest)
2022
Year incorporated
2026-03-08
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2023-02-21 Raised $133K (real) Modeled valuation $1.1M (est)$133K$1.1MPre-Seed2023Pre-Seed · 2023-03-10 Raised $375K (real) Modeled valuation $3.0M (est)$375K$3.0MPre-Seed2023Seed · 2026-03-08 Raised $2.3M (real) Modeled valuation $4.8M (est)$2.3M$4.8MSeed2026+$375K+$2.3MCumulative $2.8M

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
Pre-Seed$133K · 2023
Pre-Seed extension$375K · 2023
Seed$2.3M · 2026

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

Modeled valuation trajectory
$4.8M
Base estimate est.
$1.9M
Conservative case
$8.2M
Upside case
$11.3M
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 health care sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $1.1M · 2023-02-212023Pre-Seed · modeled $3.0M · 2023-03-10Seed · modeled $4.8M · 2026-03-082026
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.54×/yr
Annual markup
2.01×/yr upside case
0.3 yr
Elapsed time used
0.3 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
18 mo
Avg between rounds
$907K/yr
Capital velocity
3.4 yr
On record since
2023
First round
3
Rounds on file
How it compares to the market

Benchmarked against 5377 companies in Other Health Care. 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) 1.1× above median
This company$2.8M
Sector median$2.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.3× above median
This company$2.3M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$4.8M
Sector median$22.1M

Raised more than 53% of sector peers (real $). Modeled value above 21% 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 #47 of 105.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Xymogen, Inc. · Seed Raised $62.4M · modeled $12.3M (est)Willow Life Sciences, Inc. · Seed Raised $4.0M · modeled $12.0M (est)ManyClicks, Inc. · Seed Raised $4.0M · modeled $11.7M (est)Sterile State, Inc. · Seed Raised $3.2M · modeled $11.5M (est)Limber Prosthetics, Inc. · Seed Raised $3.8M · modeled $11.1M (est)Othership Inc. · Seed Raised $3.7M · modeled $11.1M (est)Ps-Fertility, Inc. · Seed Raised $3.5M · modeled $11.0M (est)Eagle Onsite, Llc · Seed Raised $3.5M · modeled $10.6M (est)ForCast Orthopedics, Inc. · Seed Raised $3.8M · modeled $10.6M (est)1888 Equity LLC · Seed Raised $3.0M · modeled $10.5M (est)Arrellio, Inc. · Seed Raised $3.5M · modeled $10.0M (est)Kindbridge Corp · Seed Raised $5.4M · modeled $9.9M (est)Firefly Neuroscience, Inc. (this company) Raised $2.8M · modeled $4.8M (est)Firefly Neuroscience, Inc.
CompanyStageRaised · realValue · estvs peer med.
Xymogen, Inc.Seed$62.4M$12.3M2.89×
Willow Life Sciences, Inc.Seed$4.0M$12.0M2.84×
ManyClicks, Inc.Seed$4.0M$11.7M2.75×
Sterile State, Inc.Seed$3.2M$11.5M2.70×
Limber Prosthetics, Inc.Seed$3.8M$11.1M2.63×
Othership Inc.Seed$3.7M$11.1M2.61×
Ps-Fertility, Inc.Seed$3.5M$11.0M2.59×
Eagle Onsite, LlcSeed$3.5M$10.6M2.51×
ForCast Orthopedics, Inc.Seed$3.8M$10.6M2.50×
1888 Equity LLCSeed$3.0M$10.5M2.48×
Arrellio, Inc.Seed$3.5M$10.0M2.35×
Kindbridge CorpSeed$5.4M$9.9M2.33×
Firefly Neuroscience, Inc. this companySeed$2.8M$4.8M1.14×
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.
Pre-Seed$133K2023-02-21$741K$1.1M90%
Pre-Seed$375K2023-03-10$2.1M$3.0M90%
Seed$2.3M2026-03-08$11.3M$4.8M90%
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. Pre-Seed$133K2023-02-21
    • First recorded raise — entered as Pre-Seed.
    • 19 investors on this round.
  2. Pre-Seed$375K2023-03-10
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • 6 investors on this round.
  3. Seed$2.3M2026-03-08
    • Raised again after 36 mo — slower than the ~14 mo sector norm.
    • Round 6.0× larger than the prior — scaling up.
    • 6 investors on this round.
Intelligence
2027 ~Q3
Modeled next raise · ~18mo cadence
$6.8M
Modeled next size est.range $4.4M$10.8M
6.0×
Last step-up
$907K/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
Fred Cohen11 other2023-02
Stella Vnook4 other2026-03
Arun Menawat2 other2023-02
Brian Posner2 other2026-03
David DeCaprio2 other2026-03
Gil Issachar1 other2026-03
Paul Krzywicki1 other2026-03
Greg Lipshitz2023-02
Jon Olsen2023-02
Stephen Purcell2023-02
Registry & provenance

Firefly Neuroscience, 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
1972403
SEC CIK
2022
Incorporated
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
Wavedancer, Inc.Other TechnologySeries A$31.6M$4.5Mnetwork6 shared operators
Pathways Assisted Living & Memory Care, LLCOther Health CareSeed$2.8M$5.3Msame sector · same stage
Stem Cell Development Fund, LLCOther Health CareSeed$2.8M$5.3Msame sector · same stage
Orga Pharma CorpOther Health CareSeed$2.6M$3.8Msame sector · same stage
SL Pathology Leasing of Texas, LLCOther Health CareSeed$2.6M$4.0Msame sector · same stage
Altus Infusion, L.P.Other Health CareSeed$3.0M$5.6Msame sector · same stage
Atirix Medical Systems, Inc.Other Health CareSeed$3.0M$5.6Msame sector · same stage
Baroma, Inc.Other Health CareSeed$3.0M$5.6Msame 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
Firefly Health, Inc.Hospitals and PhysiciansSeries A$191.4M90%
Neuronetics, Inc.Other Health CareSeries B$332.3M85%
Amygdala Neurosciences IncOther Health CareSeries A$112.9M85%
NeuroPace IncOther Health CareSeries C$1.5B83%
Apollo Neuroscience, Inc.Other Health CareSeries A$2.6M83%
Dragonfly Endoscopy Inc.Other Health CareSeries A$142.0M82%
InnerSpace Neuro Solutions, Inc.Other Health CareSeries A$15.6M82%
Neuro42, Inc.Other Health CareSeries B$96.3M82%
Frequently asked
How much funding has Firefly Neuroscience, Inc. raised?
Firefly Neuroscience, Inc. has raised approximately $2.8M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Firefly Neuroscience, Inc.'s estimated valuation?
Provath's modeled valuation for Firefly Neuroscience, Inc. is approximately $4.8M (modeled range $1.9M–$8.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Firefly Neuroscience, Inc. at?
Firefly Neuroscience, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Sun Mar 08.
What does Firefly Neuroscience, Inc. do and where is it based?
Firefly Neuroscience, Inc. operates in the Other Health Care sector, based in Kenmore.
Explore related

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