Funding round
Aledade Series C
Aledade, which works in value-based care solutions development in Bethesda, raised $64M in a Series C round announced on 20 Apr 2020, led by OMERS Growth Equity. 6 firms took part. It is Aledade's third venture round on record; the one before was a Series B in Jun 2015.
$64M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Aledade did not disclose a valuation in this round; its last disclosed one was $17M at the Series A (Jun 2014). It came 58 months after Aledade's Series B. It is 11% of the $582M Aledade has raised in the venture rounds on record. Aledade raised again 9 months later: a Series D round of $100M in Jan 2021, at $2.10B post-money.
Aledade's funding rounds
Aledade has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 18 Jun 2014, led by Venrock $5.0M$17M post-money
- Series B 15 Jun 2015, led by ARCH Venture Partners $30M
- Series C this round 20 Apr 2020, led by OMERS Growth Equity $64M
- Series D 19 Jan 2021, led by Meritech Capital $100M$2.10B post-money
- Series E 6 Jun 2022, led by OMERS Private Equity $123M$3.10B post-money
- Series F 20 Jun 2023, led by Lightspeed Venture Partners $260M$3.50B post-money
- Debt not a venture round 1 Dec 2025, led by Ares Commercial Finance and Ares Credit funds $500M
Investors
Who put money in
OMERS Growth Equity led the round with 5 other firms.
Lead investor
- OMERS Growth Equity new investor
Also in the round
- California Medical Association new investor
- Meritech Capital backs 84 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- GV backs 428 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
15 Series C rounds in Health Care Services within a year either side disclosed an amount; the median was $55M, and this round was 1.2 times the median. The closest in time, other companies' Series C rounds in Health Care Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Health Care Services | 27 Mar 2020 | $18M | not disclosed | Deerfield Management Company |
| Health Care Services | 28 Feb 2020 | $48M | not disclosed | 14W and Mangrove Capital Partners |
| Maven Clinic Health Care Services | 19 Feb 2020 | $45M | not disclosed | Icon Ventures |
| Ro Health Care Services | 27 Jul 2020 | $200M | $1.50B | General Catalyst |
| Health Care Services | 7 Jan 2020 | $156M | not disclosed | Ontario Teachers’ Pension Plan |
| Health Care Services | 8 Oct 2020 | $55M | not disclosed | King River |
| Carbon Health Health Care Services | 10 Nov 2020 | $100M | not disclosed | Dragoneer Investment Group |
| Health Care Services | 1 Sep 2019 | $98M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Aledade raise in its Series C round?
Aledade raised $64M in its Series C round, announced in Apr 2020.
Who led Aledade's Series C round?
OMERS Growth Equity led it, with California Medical Association, Meritech Capital, Echo Health Ventures, CVF Capital Partners and GV.
What was Aledade's valuation at the Series C round?
It was not disclosed; its last disclosed one was $17M at the Series A (Jun 2014).
How does it compare with other Series C rounds in Health Care Services?
15 Series C rounds in Health Care Services within a year either side disclosed an amount; the median was $55M, and this round was 1.2 times the median.
Did Aledade raise again after this round?
Yes: a Series D round in Jan 2021 of $100M at $2.10B post-money.