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
What is Elephas worth?
$281.0MPrivateMarketView mark · Oct 2026

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

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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Elephas funding history

4 rounds
DateRoundRaisedPost-money
Nov 2023Later Stage VC$51.2M▮
Aug 2022Early Stage VC$41.5M▮
Sep 2021Early Stage VC$20.0M▮
May 2021Seed Round$1.0M▮
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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).

How Elephas's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Elephas, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Elephas

What is Elephas worth?
Elephas is valued at $281.0M as of Oct 2026. Valued at $281.0M at its later-stage round, Nov 2025. Nothing has traded since.
How much has Elephas raised?
Elephas has raised $167.2M in total funding across 4 recorded rounds.
When did Elephas last raise?
Elephas last raised in Nov 2023 (Later Stage VC), raising $51.2M.