Diligence memo · auto-generated · as of July 2, 2026
RxLightning, Inc.
RxLightning, Inc. looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
RxLightning, Inc. operates in Other Health Care, based in New Albany.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
RxLightning, Inc. has raised $26M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $17M on 2023-05-25.
Most recent recorded round closed around 2023-05-25.
Valuation (modeled)modeled
Provath models RxLightning, Inc. at approximately $160M (range $41M–$354M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 8 months.
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.
The last round stepped up 3.3× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 87% of Other Health Care peers (5377 compared).
Modeled value ranks above 85% of those peers.
Closest niche peers: Code Biotherapeutics, Inc., Candesant Biomedical, Inc., Artis Holdings, LLC, GIO Blood Ltd, Clarapath, Inc..
Peoplefiled
10 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.