Diligence memo · auto-generated · as of July 2, 2026
Phraxis Inc.
Phraxis Inc. looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Phraxis Inc. operates in Other Health Care, based in Minneapolis.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Phraxis Inc. has raised $19M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $6.7M on 2023-12-01.
Most recent recorded round closed around 2023-12-01.
Valuation (modeled)modeled
Provath models Phraxis Inc. at approximately $40M (range $8.6M–$98M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.08× 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 (108% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 31 months.
Last raise 2.6 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.
The last round stepped up 1.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 83% of Other Health Care peers (5377 compared).
Modeled value ranks above 63% of those peers.
Closest niche peers: CareHarmony, Inc., Dragonfly Endoscopy Inc., NuvoAir Holdings, Inc., Post Acute Recovery, Inc., Micro Interventional Devices, Inc..
Peoplefiled
22 named people 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.