Funding round
Aledade Series D
Aledade, which works in value-based care solutions development in Bethesda, raised $100M in a Series D round announced on 19 Jan 2021, led by Meritech Capital, at a $2.10B post-money valuation. 4 firms took part, 2 of them already investors. It is Aledade's fourth venture round on record; the one before was a Series C in Apr 2020.
$100M
Amount raised
$2.10B
Post-money valuation
$2.00B pre-money
4
Investors
1 lead
125x
Step-up from the Series A
$17M in Jun 2014
4.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Aledade at $2.10B after the new money, 125.1 times the $17M of its Series A (Jun 2014). The $100M bought investors about 4.8% of the company. It came 9 months after Aledade's Series C. It is 17% of the $582M Aledade has raised in the venture rounds on record. Aledade raised again 17 months later: a Series E round of $123M in Jun 2022, at $3.10B 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 20 Apr 2020, led by OMERS Growth Equity $64M
- Series D this round 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
Meritech Capital led the round with 3 other firms. Meritech Capital and OMERS Private Equity had backed Aledade before.
Lead investor
- Meritech Capital backs 84 venture-backed companies existing investor
Also in the round
- Tiger Global backs 391 venture-backed companies new investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
- backs 12 venture-backed companies existing 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
8 Series D rounds in Health Care Services within a year either side disclosed an amount; the median was $105M, and this round was close to the median. The closest in time, other companies' Series D rounds in Health Care Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Ro Health Care Services | 23 Mar 2021 | $500M | $5.00B | General Catalyst and FirstMark |
| Health Care Services | 18 Nov 2020 | $42M | not disclosed | Valor |
| Health Care Services | 8 Jul 2020 | $75M | not disclosed | General Atlantic |
| Cityblock Health Health Care Services | 3 Aug 2021 | $400M | $5.70B | SoftBank |
| Maven Clinic Health Care Services | 17 Aug 2021 | $110M | $1.00B | Dragoneer Investment Group and Lux Capital |
| Health Care Services | 13 Oct 2021 | $100M | not disclosed | Deerfield |
| Sword Health Health Care Services | 22 Nov 2021 | $163M | $2.00B | Sapphire Ventures |
| Health Care Services | 5 Jan 2022 | $35M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Aledade raise in its Series D round?
Aledade raised $100M in its Series D round, announced in Jan 2021.
Who led Aledade's Series D round?
Meritech Capital led it, with Tiger Global, Institutional Venture Partners and OMERS Private Equity.
What was Aledade's valuation at the Series D round?
$2.10B post-money ($2.00B pre-money).
How does it compare with other Series D rounds in Health Care Services?
8 Series D rounds in Health Care Services within a year either side disclosed an amount; the median was $105M, and this round was close to the median.
Did Aledade raise again after this round?
Yes: a Series E round in Jun 2022 of $123M at $3.10B post-money.