Companies · Other Health Care

RxLightning, Inc.

New Albany · Other Health Care

Diligence memoA one-page analyst read on RxLightning, Inc. — recommendation, valuation, rhythm, risks.
$25.8M
Total raised · real
3
Rounds
3.3×
Latest step-up
Top 14%
Sector rank · raised
Series B
Latest stage · inferred · Thu May 25 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

RxLightning, 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. Valuation uses the health care sector profile.

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

Fair
  • Modeled value is 1.05× the median modeled value of Series B Other Health Care companies in 2022–2024 (91 peers) — value vs value, same stage and era.
  • Within the normal band (105% of peer median) for its niche.
At-risk
  • Last raise 3.1 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.
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 Health Care

RxLightning, Inc. is one of 5376 Other Health Care companies tracked from New Albany. By capital raised it ranks in the upper tier (ahead of 87% of sector peers), and in the upper tier 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
12
Investors (latest)
2020
Year incorporated
2023-05-25
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$200MSeed · 2021-04-14 Raised $2.0M (real) Modeled valuation $35M (est)$2.0M$35MSeed2021Seed · 2021-04-14 Raised $3.0M (real) Modeled valuation $53M (est)$3.0M$53MSeed2021Series A · 2022-04-01 Raised $5.3M (real) Modeled valuation $58M (est)$5.3M$58MSeries A2022Series B · 2023-05-25 Raised $17M (real) Modeled valuation $160M (est)$17M$160MSeries B2023+$3.0M+$5.3M+$17MCumulative $28M

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
Seed$2.0M · 2021
Seed extension$3.0M · 2021
Series A$5.3M · 2022
Series B$17.5M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$160.1M
Base estimate est.
$41.1M
Conservative case
$353.9M
Upside case
$97.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Seed · modeled $35.3M · 2021-04-142021Seed · modeled $53.0M · 2021-04-14Series A · modeled $57.6M · 2022-04-01Series B · modeled $160.1M · 2023-05-252023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.36×/yr
Annual markup
1.64×/yr upside case
3.1 yr
Elapsed time used
3.1 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$12.2M/yr
Capital velocity
5.2 yr
On record since
2021
First round
4
Rounds on file
How it compares to the market

Benchmarked against 5376 companies in Other Health Care. 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) 11× above median
This company$25.8M
Sector median$2.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.0× of median
This company$17.5M
Sector median$17.8M
Modeled value — vs sector median (estimate, all stages) 7.2× above median
This company$160.1M
Sector median$22.1M

Raised more than 87% of sector peers (real $). Modeled value above 85% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #43 of 91.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Code Biotherapeutics, Inc. · Series B Raised $47.5M · modeled $465.5M (est)Candesant Biomedical, Inc. · Series B Raised $44.5M · modeled $455.0M (est)Artis Holdings, LLC · Series B Raised $40.0M · modeled $383.2M (est)GIO Blood Ltd · Series B Raised $27.3M · modeled $375.2M (est)Clarapath, Inc. · Series B Raised $40.2M · modeled $348.1M (est)Diality Inc · Series B Raised $42.9M · modeled $337.4M (est)VA Pro 7 SNF Operations Holdings LLC · Series B Raised $32.0M · modeled $333.0M (est)VivoSense, Inc. · Series B Raised $27.0M · modeled $332.3M (est)Tidal Wave GPO, LLC · Series B Raised $34.8M · modeled $324.3M (est)Peachy Corp. · Series B Raised $25.1M · modeled $309.6M (est)Smile Source Holdings, L.P. · Series B Raised $32.2M · modeled $308.7M (est)ASC San Rafael LLC · Series B Raised $28.3M · modeled $294.9M (est)RxLightning, Inc. (this company) Raised $25.8M · modeled $160.1M (est)RxLightning, Inc.
CompanyStageRaised · realValue · estvs peer med.
Code Biotherapeutics, Inc.Series B$47.5M$465.5M3.06×
Candesant Biomedical, Inc.Series B$44.5M$455.0M2.99×
Artis Holdings, LLCSeries B$40.0M$383.2M2.52×
GIO Blood LtdSeries B$27.3M$375.2M2.47×
Clarapath, Inc.Series B$40.2M$348.1M2.29×
Diality IncSeries B$42.9M$337.4M2.22×
VA Pro 7 SNF Operations Holdings LLCSeries B$32.0M$333.0M2.19×
VivoSense, Inc.Series B$27.0M$332.3M2.19×
Tidal Wave GPO, LLCSeries B$34.8M$324.3M2.13×
Peachy Corp.Series B$25.1M$309.6M2.04×
Smile Source Holdings, L.P.Series B$32.2M$308.7M2.03×
ASC San Rafael LLCSeries B$28.3M$294.9M1.94×
RxLightning, Inc. this companySeries B$25.8M$160.1M1.05×
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.
Seed$2.0M2021-04-14$10.0M$35.3M90%
Seed$3.0M2021-04-14$15.0M$53.0M90%
Series A$5.3M2022-04-01$24.3M$57.6M90%
Series B$17.5M2023-05-25$97.2M$160.1M90%
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. Seed$2.0M2021-04-14
    • First recorded raise — entered as Seed.
    • 14 investors on this round.
  2. Seed$3.0M2021-04-14
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× larger than the prior — scaling up.
    • 14 investors on this round.
  3. Series A$5.3M2022-04-01
    • Raised 12 mo later, in step with the ~14 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 7 investors on this round.
  4. Series B$17.5M2023-05-25
    • Raised 14 mo later, in step with the ~14 mo sector norm.
    • Round 3.3× larger than the prior — scaling up.
    • 12 investors on this round.
Intelligence
2024 ~Q1
Modeled next raise · ~8mo cadence
$52.5M
Modeled next size est.range $34.1M$84.0M
3.3×
Last step-up
$12.2M/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
Mark Bakken23 other2023-05
Brad Allen2 other2021-04
Taha Jangda2 other2021-04
Josh Flum1 other2023-05
Bradley Fluegel2023-05
Carrie Williams2023-05
Jared Klingeisen2023-05
Julia Regan2021-04
Kathleen Bresette2023-05
Richard Cohan2021-04
Registry & provenance

RxLightning, 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
1856495
SEC CIK
2020
Incorporated
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
Ensodata, Inc.Other Health CareSeries B$50.7M$97.4Mnetwork1 shared operator · same sector · same stage
KeyCare, Inc.Other Health CareSeries B$54.4M$142.6Mnetwork1 shared operator · same sector · same stage
Contractual Holdco Management, LLCOther Health CareSeries B$25.4M$206.9Msame sector · same stage
Cerebral Inc.Other Health CareSeries B$25.0M$117.3Msame sector · same stage
Spirair, Inc.Other Health CareSeries B$24.7M$116.4Msame sector · same stage
Spine Wave, IncOther Health CareSeries B$27.4M$117.4Msame sector · same stage
CODAN US CorpOther Health CareSeries B$27.7M$144.1Msame sector · same stage
CODAN US Holding CorpOther Health CareSeries B$27.8M$144.5Msame 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
RxSight, Inc.Other Health CareSeries C$1.1B92%
RxWare, Inc.Other Health CareSeries A$20.0M91%
RxRevu, Inc.Other Health CareSeries A$49.5M90%
Deep Rx Inc.Other Health CarePre-Seed$2.6M88%
Gatc Rx CorpOther Health CarePre-Seed$15.4M88%
Trainer Rx, Inc.Other Health CareSeries B$405.1M88%
RxAnte, Inc.Other Health CareSeries A$199.5M88%
RxAdvance CorpOther Health CareSeries C$1.1B88%
Frequently asked
How much funding has RxLightning, Inc. raised?
RxLightning, Inc. has raised approximately $25.8M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is RxLightning, Inc.'s estimated valuation?
Provath's modeled valuation for RxLightning, Inc. is approximately $160.1M (modeled range $41.1M–$353.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is RxLightning, Inc. at?
RxLightning, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu May 25.
What does RxLightning, Inc. do and where is it based?
RxLightning, Inc. operates in the Other Health Care sector, based in New Albany.
Explore related

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

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