Funding round
Abridge Series D
Abridge, which works in generative AI solutions development in Philadelphia, raised $250M in a Series D round announced on 17 Feb 2025, led by Elad Gil and Institutional Venture Partners, at a $2.75B post-money valuation. 12 firms took part. It is Abridge's fifth venture round on record; the one before was a Series C in Feb 2024.
$250M
Amount raised
$2.75B
Post-money valuation
$2.50B pre-money
12
Investors
2 leads
3.2x
Step-up from the Series C
$850M in Feb 2024
9.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Abridge at $2.75B after the new money, 3.2 times the $850M of its Series C (Feb 2024). The $250M bought investors about 9.1% of the company. It came 12 months after Abridge's Series C. It is 33% of the $764M Abridge has raised in the venture rounds on record. Abridge raised again 14 months later: a Series E round of $316M in Apr 2026, at $5.30B post-money.
Abridge's funding rounds
Abridge has 6 venture rounds on record. This one is highlighted.
- Seed 31 Jan 2019 $5.0M
- Series A 11 Aug 2022, led by Wittington Ventures $13M
- Series B 26 Oct 2023, led by Spark Capital $30M
- Series C 23 Feb 2024, led by Lightspeed Venture Partners and Redpoint Ventures $150M$850M post-money
- Series D this round 17 Feb 2025, led by Elad Gil and Institutional Venture Partners $250M$2.75B post-money
- Series E 1 Apr 2026, led by Andreessen Horowitz $316M$5.30B post-money
Investors
Who put money in
Elad Gil and Institutional Venture Partners led the round with 10 other firms.
Lead investors
- Elad Gil new investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
Also in the round
- Bessemer Venture Partners backs 412 venture-backed companies new investor
- California Health Care Foundation new investor
- CapitalG backs 70 venture-backed companies new investor
- CVS Health Ventures new investor
- backs 3 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- NVentures new investor
- Redpoint Ventures backs 194 venture-backed companies new investor
- Spark Capital backs 234 venture-backed companies new investor
- SV Angel backs 293 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
104 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.5 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Lambda Tech Companies | 19 Feb 2025 | $480M | $2.50B | Andra Capital and SGW |
| Harvey Tech Companies | 12 Feb 2025 | $300M | $3.00B | Sequoia Capital |
| Tech Companies | 6 Feb 2025 | $45M | not disclosed | Updata Partners |
| Fleetio Tech Companies | 25 Mar 2025 | $450M | $1.50B | Elephant and Goldman Sachs Alternatives |
| Synthesia Tech Companies | 14 Jan 2025 | $180M | $2.10B | New Enterprise Associates |
| Tech Companies | 17 Jan 2025 | $100M | $1.24B | Qatar Investment Authority |
| Tech Companies | 16 Jan 2025 | $90M | not disclosed | Point72 Ventures and Point72 |
| Tech Companies | 1 Mar 2025 | $70M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Abridge raise in its Series D round?
Abridge raised $250M in its Series D round, announced in Feb 2025.
Who led Abridge's Series D round?
Elad Gil and Institutional Venture Partners led it, with Bessemer Venture Partners, California Health Care Foundation, CapitalG, CVS Health Ventures and K. Ventures and 5 more.
What was Abridge's valuation at the Series D round?
$2.75B post-money ($2.50B pre-money).
How does it compare with other Series D rounds in Tech Companies?
104 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.5 times the median.
Did Abridge raise again after this round?
Yes: a Series E round in Apr 2026 of $316M at $5.30B post-money.