Companies · Hospitals and Physicians

Transformer TX Holdings, LLC

Pearland · Hospitals and Physicians · https://www.generaltransformer.com/about-us

Diligence memoA one-page analyst read on Transformer TX Holdings, LLC — recommendation, valuation, rhythm, risks.
$629.0M
Total raised · real
5
Rounds
0.5×
Latest step-up
Top 2%
Sector rank · raised
Growth/Late
Latest stage · inferred · Wed Oct 01 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Transformer TX Holdings, LLC has raised $629M over 5 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the health services sector profile.

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

Active
  • Last raise 9 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Transformer TX Holdings, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
4.2 yr record
Peak capital year was 2022 with $604.6M across 2 filings.
Market position
ahead of 99% of Hospitals and Physicians peers
Capital scale is ahead of 99% of Hospitals and Physicians peers; modeled value is above 67% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Some evidence
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • Capital program peaked in 2022: $604.6M across 2 filings.
  • Largest single filing was $591.0M on 2022-04-20.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
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 Hospitals and Physicians

Transformer TX Holdings, LLC is one of 599 Hospitals and Physicians companies tracked from Pearland. By capital raised it ranks among the largest (ahead of 99% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

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Find Transformer TX Holdings, LLC online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
51
Investors (latest)
2021
Year incorporated
2025-10-01
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$2.5B$5.0B$7.5B$10.0BGrowth/Late · 2022-04-20 Raised $591M (real) Modeled valuation $9.9B (est)$591M$9.9BGrowth/Late2022Growth/Late · 2022-08-02 Raised $14M (real) Modeled valuation $218M (est)$14M$218MGrowth/Late2022Growth/Late · 2023-10-09 Raised $11M (real) Modeled valuation $151M (est)$11M$151MGrowth/Late2023Growth/Late · 2024-10-01 Raised $8.9M (real) Modeled valuation $103M (est)$8.9M$103MGrowth/Late2024Growth/Late · 2025-10-01 Raised $4.2M (real) Modeled valuation $41M (est)$4.2M$41MGrowth/Late2025+$14M+$11M+$8.9M+$4.2MCumulative $629M

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
Growth/Late$591.0M · 2022
Growth/Late extension$13.6M · 2022
Growth/Late extension$11.3M · 2023
Growth/Late extension$8.9M · 2024
Growth/Late extension$4.2M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 14%.

Modeled valuation trajectory
$41.3M
Base estimate est.
$31.9M
Conservative case
$47.4M
Upside case
$41.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the health services sector profile. Directional, not a quoted figure.

Growth/Late · modeled $9.9B · 2022-04-202022Growth/Late · modeled $217.9M · 2022-08-02Growth/Late · modeled $150.8M · 2023-10-09Growth/Late · modeled $102.9M · 2024-10-01Growth/Late · modeled $41.3M · 2025-10-012025
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
88%
Survival probability
76% low · 95% high
1.17×/yr
Annual markup
1.27×/yr upside case
0.8 yr
Elapsed time used
0.8 yr actual, capped for stale marks
health services
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$182.3M/yr
Capital velocity
4.2 yr
On record since
2022
First round
5
Rounds on file
How it compares to the market

Benchmarked against 599 companies in Hospitals and Physicians. 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) 346× above median
This company$629.0M
Sector median$1.8M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 0.1× of median
This company$4.2M
Sector median$61.0M
Modeled value — vs sector median (estimate, all stages) 1.8× above median
This company$41.3M
Sector median$22.9M

Raised more than 99% of sector peers (real $). Modeled value above 67% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) 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.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
Kindly MD, Inc.Growth/Late$763.9M$531.9M1.86×
Transformer TX Holdings, LLC this companyGrowth/Late$629.0M$41.3M0.14×
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.
Growth/Late$591.0M2022-04-20$5.9B$9.9B90%
Growth/Late$13.6M2022-08-02$135.9M$217.9M90%
Growth/Late$11.3M2023-10-09$112.7M$150.8M90%
Growth/Late$8.9M2024-10-01$89.4M$102.9M90%
Growth/Late$4.2M2025-10-01$41.7M$41.3M90%
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. Growth/Late$591.0M2022-04-20
    • First recorded raise — entered as Growth/Late.
    • 286 investors on this round.
  2. Growth/Late$13.6M2022-08-02
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round 43.5× smaller than the prior — bridge or down round.
    • 106 investors on this round.
  3. Growth/Late$11.3M2023-10-09
    • Raised 14 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 97 investors on this round.
  4. Growth/Late$8.9M2024-10-01
    • Raised 12 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 74 investors on this round.
  5. Growth/Late$4.2M2025-10-01
    • Raised 12 mo later, in step with the ~12 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 51 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~10mo cadence
$4.2M
Modeled next size est.range $4.2M$6.7M
0.5×
Last step-up
$182.3M/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
Heather Anastasia Lang1 other2025-10
Selemon J. Asfaw1 other2022-04
Amar Ashok Desai2023-10
Azam Ashok Kundi2024-10
Azam J. Kundi2023-10
Azam J. Kundi, M.D.2022-04
Heather A Lang2022-04
Jagjit Dayle Khairah2025-10
John G. Liethen2022-04
Marilyn Dayle Hirsch2025-10
Nicholas Robert Shjerve2025-10
Peter Ashok Gill2023-10
Peter W. Gill2022-04
Puja Dayle Seghal2025-10
Selemon Ashok Asfaw2024-10
Selemon Engeda Asfaw2025-10
Summer Ashok Swallow2024-10
Summer Dayle Swallow2025-10
Swallow Ashok Summer2023-10
Tejash J. Patel2023-10
Tejash J. Patel, M.D.2022-04
Timothy J. Langdon2022-04
Tony Ashok Lin2024-10
Tony J. Lin2023-10
Registry & provenance

Transformer TX Holdings, LLC 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
1926580
SEC CIK
2021
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
Village Practice Management Company, LLCHospitals and PhysiciansGrowth/Late$1.1B$23.0Msame sector · same stage
Advantia Holdings LLCHospitals and PhysiciansSeries C$212.1M$33.6Msame sector
Sdg Holding Company, LlcHospitals and PhysiciansSeries D+$140.9M$30.5Msame sector
Rennova Health, Inc.Hospitals and PhysiciansSeries B$120.0M$19.1Msame sector
Whiteglove House Call Health IncHospitals and PhysiciansSeries B$65.3M$30.9Msame sector
Pioneer Health Systems LLCHospitals and PhysiciansSeries C$46.0M$19.3Msame sector
University General Health System, Inc.Hospitals and PhysiciansSeries A$37.6M$41.3Msame sector
International Spine & Orthopedic Institute LlcHospitals and PhysiciansSeries A$34.6M$61.6Msame sector
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
General Fabrication, Inc.Other TechnologyPre-Seed$14.5M71%
3Rc/Mpc, LlcManufacturingSeries A$2.0M71%
Ggtr LlcManufacturingPre-Seed$1.9M70%
Power Solutions Holdings, LLCManufacturingSeries A$17.1M70%
TruComp Pipe LLCManufacturingSeed$13.5M69%
GCR Holdings, Inc.Other TechnologySeries C$1.9B69%
GTR Holding Company, Inc.Other TechnologySeed$42.2M68%
MGPA Properties I, LLCManufacturingSeries A$68.3M68%
Frequently asked
How much funding has Transformer TX Holdings, LLC raised?
Transformer TX Holdings, LLC has raised approximately $629.0M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Transformer TX Holdings, LLC's estimated valuation?
Provath's modeled valuation for Transformer TX Holdings, LLC is approximately $41.3M (modeled range $31.9M–$47.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Transformer TX Holdings, LLC at?
Transformer TX Holdings, LLC's latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Wed Oct 01.
What does Transformer TX Holdings, LLC do and where is it based?
Transformer TX Holdings, LLC operates in the Hospitals and Physicians sector, based in Pearland. Why choose GTC as your power transformer manufacturer? Every custom transformer is made in America to match your application's specifications. Learn more today!
Explore related

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

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