Diligence memo · auto-generated · as of July 2, 2026

Healionics CORP

Healionics CORP looks under-valued against its niche peers and is active on financing cadence.

SourceModeled below same-niche peers while still financing on rhythm — a potential mispricing worth a closer look.

Businessfiled

Healionics CORP operates in Other, based in SEATTLE.

Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

Healionics CORP has raised $18M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).

Largest single filing: $6.6M on 2020-12-04.

Most recent recorded round closed around 2025-12-16.

Valuation (modeled)modeled

Provath models Healionics CORP at approximately $5.8M (range $2.7M–$8.9M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Under-valued. Modeled value is 0.30× the median modeled value of Series A Other companies in 2025–2027 (487 peers) — value vs value, same stage and era.

Financing rhythm & timingmixed

Historic cadence: a new round about every 22 months.

Last raise 7 mo ago; this sector typically re-raises about every 11 months.

Raising on or ahead of the sector's normal rhythm.

The last round was 1.4× smaller than the prior — a bridge or down round.

Comparablesmixed

Capital scale ranks ahead of 84% of Other peers (25015 compared).

Modeled value ranks above 28% of those peers.

Closest niche peers: Sea Court GP, LLC, Kastle Biopartners II LP, Econic Investment LLC, DCFC Holdings, LLC, HeadVantage Corp.

Peoplefiled

9 named people on file across officers, directors and signatories.

Risks & flagsmixed

Broad sector classification weakens peer comparison.

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.