Diligence memo · auto-generated · as of July 2, 2026
TRC 2004, Inc.
TRC 2004, Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
TRC 2004, Inc. operates in Other Health Care, based in San Diego.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
TRC 2004, Inc. has raised $90M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $90M on 2024-08-06.
Most recent recorded round closed around 2024-08-06.
Valuation (modeled)modeled
Provath models TRC 2004, Inc. at approximately $718M (range $327M–$1.1B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.09× the median modeled value of Series C Other Health Care companies in 2022–2024 (47 peers) — value vs value, same stage and era. Within the normal band (109% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 23 mo ago; this sector typically re-raises about every 14 months.
Slightly overdue versus sector cadence.
Comparablesmixed
Capital scale ranks ahead of 95% of Other Health Care peers (5377 compared).
Modeled value ranks above 95% of those peers.
Closest niche peers: Gravie, Inc., EmpowerMe Holdings, LLC, Color Holdings, L.P., RSR Senior Residences, LLC, Gynesonics, Inc.
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.