Diligence memo · auto-generated · as of July 2, 2026
Fonar, Llc
Fonar, Llc looks fair against its niche peers and is active on financing cadence.
Businessfiled
Fonar, Llc operates in Other Health Care, based in MELVILLE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Fonar, Llc has raised $51M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $41M on 2025-12-23.
Most recent recorded round closed around 2025-12-23.
Valuation (modeled)modeled
Provath models Fonar, Llc at approximately $229M (range $149M–$284M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.01× the median modeled value of Series C Other Health Care companies in 2025–2027 (20 peers) — value vs value, same stage and era. Within the normal band (101% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 6 mo ago; this sector typically re-raises about every 14 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 4.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 92% of Other Health Care peers (5377 compared).
Modeled value ranks above 89% of those peers.
Closest niche peers: RESTOR3D, Inc., ByHeart, Inc., SpyGlassPharma, Inc., VantAI Holdings, Inc., BioIntelliSense, Inc..
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.