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Eliaz Therapeutics

Raising nowOperating

Eliaz Therapeutics Inc.

Healthcare · Santa Rosa, CA · Founded 2015

Join the fight against sepsis with our life-saving medical device: XGal-3

Raising nowRaising now on DealMaker

This company has an open fundraising round.

$228K raised16 investors190 days left
View the live round
Post-money valuation ⓘ
$59.7M
As of Jun 2026 · from Reg CF Offering (2026) · pre-money + amount raised, not a traded price
Total raised
$6,170,179
Crowd $3.2M · Private $3.0M · 7 rounds since 2023
Latest share price
$5.56
Reg CF · Class B Common Stock · Jun 2026 offering price

Financials

FY2022–FY2025 · from SEC filings · hover any figure for its source
$0
$33K
2022
$0
−$548K
2023
$302K
−$955K
2024
$332K
−$1.7M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022 reviewed
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$0
$0
$302,481
$332,235
Cost of goods sold
$0
$0
$0
$0
Gross margin
—
—
100%
100%
Net income
$33,366
-$548,405
-$954,869
-$1,745,041
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$47,178
$4,886
$32,814
$1,799,510
Accounts receivable
$0
$0
$0
$0
Total assets
$1,052,853
$803,385
$738,015
$2,589,276
Short-term debt
$1,519,988
$1,566,203
$2,346,085
$1,796,731
Long-term debt
$3,255,587
$3,782,811
$3,888,186
$8,033,117
Total liabilities
$4,775,575
$5,349,014
$6,234,271
$9,829,848
Other
Headcount
—
1
5
2

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$48.5M
est. pre-money
$49.5M
Valuation cap
$59.4M
pre-money
$59.4M
pre-money
Rule 506(c) · Preferred · Apr 2026
Reg CF · SAFE · Nov 2024
Reg CF · Class B Common · Dec 2025
Reg CF · Class B Common · Jun 2026

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher. Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth, so don't compare them with the other bars.

Share price over rounds

$5.56$2.78$5.5596
Dec 2025Jun 2026
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines, and each class is drawn as its own line.

Cap table

Share counts as of Apr 29, 2026
Preferred Stock · 0.11%Class A Common Stock · 98.9%Class B Common Stock · 0.97%
ClassOutstandingVotes / shareShare of totalVotesLiquidationLast price
Preferred Stockpreferred9,900none0.11%0%1× · paid 1st$5.56Apr 2026
Class A Common Stock8,625,000198.9%100.0%——
Class B Common Stock84,363none0.97%0%—$5.56Jun 2026
Total8,719,263100%100%

Principal holders% as the filing states it, Dec 8, 2025

  • Isaac Eliaz8,000,000 Class A Common Stock81.5%of votes
  • Everyone else (not named in filings)18.5%

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $228.5K / $3MInvestors 16Post-money $59.7M
Raised $850KInvestors 4
Raised $470.1K / $2.5MInvestors 338Post-money $60.1M
Reg CF · SAFE · Nov 2024Closedvia WeFunder
Raised $2.5M / $3MValuation cap $49.5M
Raised $55KEst. pre-money $48.5M

Team

7 people
Dr. Isaac EliazFounder
CEO, Director, Founder

A Physician-researcher with 30+ years of pioneering work in Galectin-3 biology and therapeutics. Previously founded and exited ecoNugenics to a north of $30M PE firm. Holds 60+ patents and collaborates with leading research institutes such as Stanford and Mayo Clinic.

Anat Stern
COO & Head of Business Development

18+ years in healthcare and biotech with MBA, BSc, and MSc in Biochemistry. Led ecoNugenics through its successful acquisition over 7 years. Combines deep scientific expertise with business execution in complex healthcare markets.

Milton Goss
Chief Financial Officer

A finance executive with 20+ years across medical device, life science, and semiconductor industries. Specializes in strategy, business modeling, operations, and M&A for medical technology companies.

Dale Cumming, PhD
VP of Research & Development

A biotech expert with 25+ years of experience, including senior roles at Genetics Institute and GlycoDesign. He co-founded Translational Medicines and served as CSO of an international glycobiology therapeutics consortium, bringing deep expertise in drug discovery and development to advance innovative therapies.

Dr. Glenn Chertow
Director of Medical Affairs

Chief of the Nephrology Division and Clinical Research Professor at Stanford School of Medicine, Dr. Chertow is among the world’s foremost experts in acute kidney injury (AKI) and chronic kidney disease (CKD), bringing unparalleled clinical and research expertise to guide the company’s medical strategy.

Bryan Knipe
Investor relations

With an MBA and 20+ years of experience in financial management, business development, and M&A, Bryan has scaled ventures across healthcare and medtech. He specializes in securing capital, driving go-to-market strategies, and fostering strategic relationships to accelerate growth.

Dr. Susan Alpert
Senior Regulatory Strategist

A former FDA Director of Medical Device division who oversaw critical medical device approvals during her 13-year tenure. Previously Senior VP at Medtronic, leading global regulatory strategy for device approvals and market access.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 1 of 2 annual reports (FY2024–FY2025)

Missing: 2024

338 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-UJul 7, 20260001872856-26-000237
    EDGAR
  • Form CJun 10, 20260001872856-26-000220
    EDGAR
  • Form C-UMay 4, 20260002042609-26-000003
    EDGAR
  • Form C-ARApr 29, 20260001872856-26-000133
    EDGAR
  • Form C/AMar 3, 20260002042609-26-000002
    EDGAR
  • Form CDec 8, 20250002042609-25-000007
    EDGAR
  • Form C-UNov 28, 20250002042609-25-000005
    EDGAR
  • Form DOct 24, 20250001062993-25-016285
    EDGAR
Source: ManualCIK 0002042609DEShare price $5.56

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.