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

Photon Effect, LLC

Photon Effect, LLC looks fair against its niche peers and is at-risk on financing cadence.

WatchOverdue for a raise versus sector cadence — could be a bridge, a down round, or distress. Watch for the next filing.

Businessfiled

Photon Effect, LLC operates in Other Health Care, based in ARDMORE.

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

Capital & rounds (filed)filed

Photon Effect, LLC has raised $4.3M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).

Largest single filing: $4.3M on 2023-10-26.

Most recent recorded round closed around 2023-10-26.

Valuation (modeled)modeled

Provath models Photon Effect, LLC at approximately $26M (range $5.5M–$67M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Fair. Modeled value is 0.72× the median modeled value of Series A Other Health Care companies in 2022–2024 (196 peers) — value vs value, same stage and era. Within the normal band (72% of peer median) for its niche.

Financing rhythm & timingmixed

Last raise 2.7 yr ago; this sector typically re-raises about every 14 months.

Past due for a raise versus sector cadence — watch for distress or a bridge.

Comparablesmixed

Capital scale ranks ahead of 62% of Other Health Care peers (5376 compared).

Modeled value ranks above 54% of those peers.

Closest niche peers: CareHarmony, Inc., Dragonfly Endoscopy Inc., NuvoAir Holdings, Inc., Post Acute Recovery, Inc., Micro Interventional Devices, Inc..

Peoplefiled

1 named person on file across officers, directors and signatories.

Risks & flagsmixed

Overdue for a raise versus sector norm — distress or bridge risk.

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