Companies · Other

Foldax, Inc.

SALT LAKE CITY · Other

Diligence memoA one-page analyst read on Foldax, Inc. — recommendation, valuation, rhythm, risks.
$38.7M
Total raised · real
8
Rounds
0.5×
Latest step-up
Top 10%
Sector rank · raised
Series A
Latest stage · inferred · Wed Oct 18 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Foldax, Inc. looks fair against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

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

Fair
  • Modeled value is 1.01× the median modeled value of Series A Other companies in 2022–2024 (1135 peers) — value vs value, same stage and era.
  • Within the normal band (101% of peer median) for its niche.
At-risk
  • Last raise 2.7 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Foldax, Inc. is one of 25008 Other companies tracked from SALT LAKE CITY. By capital raised it ranks among the largest (ahead of 91% of sector peers), and mid-pack 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
10
Investors (latest)
2023-10-18
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$50M$100M$150M$200MPre-Seed · 2014-03-26 Raised $150K (real) Modeled valuation $3.5M (est)Pre-Seed2014Pre-Seed · 2015-06-08 Raised $350K (real) Modeled valuation $8.1M (est)Pre-Seed2015Seed · 2015-08-28 Raised $2.5M (real) Modeled valuation $46M (est)Seed2015Seed · 2016-07-15 Raised $3.1M (real) Modeled valuation $57M (est)Seed2016Seed · 2017-04-03 Raised $300K (real) Modeled valuation $5.6M (est)Seed2017Series A · 2018-12-12 Raised $10M (real) Modeled valuation $156M (est)Series A2018Series A · 2022-01-13 Raised $15M (real) Modeled valuation $143M (est)Series A2022Series A · 2023-10-18 Raised $7.0M (real) Modeled valuation $39M (est)Series A2023+$350K+$2.5M+$3.1M+$300K+$10M+$15M+$7.0MCumulative $39M

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$150K · 2014
Pre-Seed extension$350K · 2015
Seed$2.5M · 2015
Seed extension$3.1M · 2016
Seed extension$300K · 2017
Series A$10.3M · 2018
Series A extension$15.0M · 2022
Series A extension$7.0M · 2023

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

Modeled valuation trajectory
$39.4M
Base estimate est.
$9.5M
Conservative case
$100.1M
Upside case
$31.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $3.5M · 2014-03-262014Pre-Seed · modeled $8.1M · 2015-06-08Seed · modeled $46.5M · 2015-08-28Seed · modeled $57.2M · 2016-07-15Seed · modeled $5.6M · 2017-04-03Series A · modeled $155.9M · 2018-12-12Series A · modeled $143.1M · 2022-01-13Series A · modeled $39.4M · 2023-10-182023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.35×/yr
Annual markup
1.70×/yr upside case
2.7 yr
Elapsed time used
2.7 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$4.0M/yr
Capital velocity
12.3 yr
On record since
2014
First round
8
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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) 19× above median
This company$38.7M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.2× above median
This company$7.0M
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 2.2× above median
This company$39.4M
Sector median$17.7M

Raised more than 91% of sector peers (real $). Modeled value above 68% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #560 of 1,135.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Ness Well, Inc. · Series A Raised $14.9M · modeled $142.4M (est)Quantori, Inc. · Series A Raised $15.0M · modeled $138.5M (est)Applause Network TV, Inc. · Series A Raised $15.0M · modeled $135.0M (est)Qquv Investments 5, Llc · Series A Raised $15.0M · modeled $135.0M (est)Trustworthy Co · Series A Raised $15.5M · modeled $134.2M (est)DigniFi Holding, Inc. · Series A Raised $24.3M · modeled $133.9M (est)Proventures Capital, Inc. · Series A Raised $14.7M · modeled $132.9M (est)Zenledger, Inc. · Series A Raised $21.6M · modeled $132.0M (est)Gridwise, Inc. · Series A Raised $20.4M · modeled $131.7M (est)Aztec Broadway Ltd Liability Co · Series A Raised $14.0M · modeled $127.6M (est)KABR Jamaica SPE LLC · Series A Raised $14.7M · modeled $126.8M (est)Harmony Musical LLC · Series A Raised $15.0M · modeled $126.2M (est)Foldax, Inc. (this company) Raised $38.7M · modeled $39.4M (est)Foldax, Inc.
CompanyStageRaised · realValue · estvs peer med.
Ness Well, Inc.Series A$14.9M$142.4M3.67×
Quantori, Inc.Series A$15.0M$138.5M3.57×
Applause Network TV, Inc.Series A$15.0M$135.0M3.48×
Qquv Investments 5, LlcSeries A$15.0M$135.0M3.48×
Trustworthy CoSeries A$15.5M$134.2M3.46×
DigniFi Holding, Inc.Series A$24.3M$133.9M3.45×
Proventures Capital, Inc.Series A$14.7M$132.9M3.42×
Zenledger, Inc.Series A$21.6M$132.0M3.40×
Gridwise, Inc.Series A$20.4M$131.7M3.39×
Aztec Broadway Ltd Liability CoSeries A$14.0M$127.6M3.29×
KABR Jamaica SPE LLCSeries A$14.7M$126.8M3.26×
Harmony Musical LLCSeries A$15.0M$126.2M3.25×
Foldax, Inc. this companySeries A$38.7M$39.4M1.01×
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$150K2014-03-26$833K$3.5M85%
Pre-Seed$350K2015-06-08$1.9M$8.1M85%
Seed$2.5M2015-08-28$12.5M$46.5M85%
Seed$3.1M2016-07-15$15.4M$57.2M85%
Seed$300K2017-04-03$1.5M$5.6M90%
Series A$10.3M2018-12-12$46.8M$155.9M90%
Series A$15.0M2022-01-13$68.2M$143.1M90%
Series A$7.0M2023-10-18$31.8M$39.4M90%
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$150K2014-03-26
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Pre-Seed$350K2015-06-08
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
    • 2 investors on this round.
  3. Seed$2.5M2015-08-28
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 7.1× larger than the prior — scaling up.
    • 1 investor on this round.
  4. Seed$3.1M2016-07-15
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 9 investors on this round.
  5. Seed$300K2017-04-03
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 10.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  6. Series A$10.3M2018-12-12
    • Raised again after 20 mo — slower than the ~11 mo sector norm.
    • Round 34.3× larger than the prior — scaling up.
    • 15 investors on this round.
  7. Series A$15.0M2022-01-13
    • Raised again after 37 mo — slower than the ~11 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
  8. Series A$7.0M2023-10-18
    • Raised again after 21 mo — slower than the ~11 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 10 investors on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~16mo cadence
$7.0M
Modeled next size est.range $7.0M$11.2M
0.5×
Last step-up
$4.0M/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
Brant Heise9 other2022-01
George Wallace7 other2014-03
Scott Huennekens6 other2022-01
Morteza Gharib4 other2015-06
Greg Casciaro3 other2023-10
James Demetriades3 other2017-04
Kenneth Charhut3 other2022-01
Ken Charhut2 other2014-03
Mory Gharib2 other2014-03
Renee Masi2 other2018-12
Demetriades James2016-07
Frank Maguire2014-03
Jim Demetriades2018-12
Scott Richland2023-10
Registry & provenance

Foldax, 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
1602708
SEC CIK
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
Avicena, LLCOtherSeries A$58.1M$54.0Mnetwork3 shared operators · same sector · same stage
Compellon IncOther TechnologySeries A$10.1M$9.7Mnetwork2 shared operators · same stage
Triumfant, Inc.OtherSeries A$34.9M$37.9Msame sector · same stage
ECPM Holdings, LLCOtherSeries B$56.9M$515.1Mnetwork1 shared operator · same sector
10000, Inc.OtherSeries A$29.6M$40.5Msame sector · same stage
Proximie LtdOtherSeries C$75.0M$896.1Mnetwork1 shared operator · same sector
Mobileoffer, Inc.OtherSeries A$27.5M$39.1Msame sector · same stage
Hall Structured Finance, Inc.OtherSeries A$27.2M$40.2Msame 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
Fold, Inc.Other TechnologySeries B$251.5M87%
Foldables LLCOtherPre-Seed$3.1M86%
Laneaxis, Inc.OtherPre-Seed$9.2M82%
Umax Group CorpOtherPre-Seed$8.7M82%
FoldiMate, Inc.Other TechnologyPre-Seed$6.3M81%
Complx, Inc.OtherSeed$10.3M81%
Twofold Inc.OtherSeed$2.0M81%
Tiiga Inc.OtherPre-Seed$3.3M81%
Frequently asked
How much funding has Foldax, Inc. raised?
Foldax, Inc. has raised approximately $38.7M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Foldax, Inc.'s estimated valuation?
Provath's modeled valuation for Foldax, Inc. is approximately $39.4M (modeled range $9.5M–$100.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Foldax, Inc. at?
Foldax, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Oct 18.
What does Foldax, Inc. do and where is it based?
Foldax, Inc. operates in the Other sector, based in SALT LAKE CITY.
Explore related

See where Foldax, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Foldax, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.