Funding round
Aledade Series E
Aledade, which works in value-based care solutions development in Bethesda, raised $123M in a Series E round announced on 6 Jun 2022, led by OMERS Private Equity, at a $3.10B post-money valuation. 2 firms took part, 2 of them already investors. It is Aledade's fifth venture round on record; the one before was a Series D in Jan 2021.
$123M
Amount raised
$3.10B
Post-money valuation
$2.98B pre-money
2
Investors
1 lead
1.5x
Step-up from the Series D
$2.10B in Jan 2021
4.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Aledade at $3.10B after the new money, 1.5 times the $2.10B of its Series D (Jan 2021). The $123M bought investors about 4.0% of the company. It came 17 months after Aledade's Series D. It is 21% of the $582M Aledade has raised in the venture rounds on record. Aledade raised again 12 months later: a Series F round of $260M in Jun 2023, at $3.50B 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 19 Jan 2021, led by Meritech Capital $100M$2.10B post-money
- Series E this round 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 Private Equity led the round with 1 other firm. OMERS Private Equity and Fidelity Management & Research Company had backed Aledade before.
Lead investor
- backs 12 venture-backed companies existing investor
Also in the round
- Fidelity Management & Research Company 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
The closest in time: 1 in Health Care Services, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Maven Clinic Health Care Services | 1 Oct 2022 | $90M | $1.35B | General Catalyst |
| Electronical Components Manufacturing | 10 Jun 2022 | $108M | $1.00B | Koch Disruptive Technologies |
| Tech Companies | 8 Jun 2022 | $100M | $1.00B | NightDragon |
| Decorators & Interior Designers | 22 Jun 2022 | $90M | not disclosed | NewQuest Capital Partners and Prosus |
| Omio Travel Agencies | 20 Jun 2022 | $80M | not disclosed | not named |
| Tech Companies | 1 Jun 2022 | $77M | not disclosed | Goldman Sachs Asset Management and B Capital |
| Purplle Cosmetics Stores | 10 Jun 2022 | $33M | $1.10B | Paramark Ventures |
| Medical Research | 4 Jul 2022 | $150M | not disclosed | Legend Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Aledade raise in its Series E round?
Aledade raised $123M in its Series E round, announced in Jun 2022.
Who led Aledade's Series E round?
OMERS Private Equity led it, with Fidelity Management & Research Company.
What was Aledade's valuation at the Series E round?
$3.10B post-money ($2.98B pre-money).
Did Aledade raise again after this round?
Yes: a Series F round in Jun 2023 of $260M at $3.50B post-money.