Elephas

Madison, WI · Founded 2020 · Privately Held (backing)

Operator of a live tumor imaging diagnostics company intended to determine the cancer therapy for each patient. Elephas is based in Madison, WI and was founded in 2020. It was valued at $281 million at its later-stage round in Nov 2025, the last priced event on record. It has raised $167 million across 4 recorded rounds; the latest was a $51.2 million later-stage round in Nov 2023.

PMV mark · valuation
$281.0M
Oct 2026
Priced at
its later-stage round
Nov 2025
Total raised
$167.2M
Last round
Later Stage VC
Nov 2023

Elephas key facts

as of Oct 2026
  • Operator of a live tumor imaging diagnostics company intended to determine the cancer therapy for each patient.
  • Elephas is valued at approximately $281.0M as of Oct 2026, set at its later-stage round, Nov 2025; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $167.2M across 4 recorded rounds; the latest was Later Stage VC ($51.2M) in Nov 2023.
  • Notable investors include ARCH Venture Partners, Moore Strategic Ventures, Sands Capital, Tao Capital Partners, WARF Ventures — 9 tracked in total.
  • Elephas has filed 4 Form Ds with the SEC since 2021, most recently Jan 2024 ($51.2M sold to 10 investors).
  • Status: Privately Held (backing).
PrivateMarketView mark
MEDIUM confidence
$281.0M

Valued at $281.0M at its later-stage round, Nov 2025. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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Elephas funding rounds

4 rounds
Nov 2023Later Stage VC$51.2MSEC filing▮
Aug 2022Early Stage VC$41.5MSEC filing▮
Sep 2021Early Stage VC$20.0MSEC filing▮
May 2021Seed Round$1.0MSEC filing▮

Elephas leadership

Elephas valuation

Elephas was valued at $281 million at its later-stage round in Nov 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Elephas raised?

Elephas has raised $167 million across 4 recorded rounds since 2021. The largest was a $51.2 million later-stage round in Nov 2023.

Elephas has filed 4 Form Ds with the SEC since 2021, most recently in Jan 2024 ($51.2 million sold to 10 investors).

Elephas investors

9 investors are on record for Elephas, including ARCH Venture Partners, Moore Strategic Ventures, Sands Capital and Tao Capital Partners. By type, the record holds 4 venture capital firms, 1 hedge fund and 1 growth equity firm. The later-stage round in Nov 2023 drew 10 investors.

Who runs Elephas

11 people are listed on the Elephas team: 5 executives and 6 board members, including Terry Brady (Chief Financial Officer) and Carolyn Morgan (Executive). 11 of them have a verified direct contact on file.

About Elephas

Operator of a live tumor imaging diagnostics company intended to determine the cancer therapy for each patient. The company's platform harnesses the latest advances in cancer biology, multimodal microscopy, engineering, and artificial intelligence, and focuses on human live tumor fragments, enabling clinicians to treat cancer patients and accelerate drug development.

Sector
Healthcare
HQ
Madison, WI, United States
Founded
2020
Employees
100
Ownership
Privately Held (backing)

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