Funding round
Aledade Series F
Aledade, which works in value-based care solutions development in Bethesda, raised $260M in a Series F round announced on 20 Jun 2023, led by Lightspeed Venture Partners, at a $3.50B post-money valuation. 5 firms took part, 4 of them already investors. It is Aledade's sixth venture round on record; the one before was a Series E in Jun 2022.
$260M
Amount raised
$3.50B
Post-money valuation
$3.24B pre-money
5
Investors
1 lead
1.1x
Step-up from the Series E
$3.10B in Jun 2022
7.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Aledade at $3.50B after the new money, 1.1 times the $3.10B of its Series E (Jun 2022). The $260M bought investors about 7.4% of the company. It came 12 months after Aledade's Series E. It is 45% of the $582M Aledade has raised in the venture rounds on record. No later venture round is on record for Aledade.
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 6 Jun 2022, led by OMERS Private Equity $123M$3.10B post-money
- Series F this round 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
Lightspeed Venture Partners led the round with 4 other firms. Venrock, Avidity Partners, OMERS Private Equity and Fidelity Management & Research Company had backed Aledade before.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
Also in the round
- Venrock backs 93 venture-backed companies existing investor
- Avidity Partners existing investor
- backs 12 venture-backed companies existing investor
- Fidelity Management & Research Company existing investor
Joined the board: David Blumenthal (Commonwealth Fund) and Paul Hennessy (Shutterstock).
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, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Jun 2023 | $100M | not disclosed | not named |
| GetYourGuide Travel Agencies | 1 Jun 2023 | $85M | not disclosed | Blue Pool Capital |
| Alto Pharmacy Drug Stores & Pharmacies | 26 Jun 2023 | undisclosed | $531M | not named |
| EGYM Tech Companies | 5 Jul 2023 | $225M | $653M | Affinity Partners |
| Medical Supply Manufacturers | 18 Jul 2023 | $30M | not disclosed | Revelation Partners |
| Zipline Airline Companies | 10 Apr 2023 | $330M | $4.20B | Baillie Gifford and Temasek |
| Tonal Fitness Equipment | 10 Apr 2023 | $130M | $1.90B | L Catterton and Cobalt Capital |
| Wellhub Tech Companies | 23 Aug 2023 | $85M | $2.40B | EQT |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Aledade raise in its Series F round?
Aledade raised $260M in its Series F round, announced in Jun 2023.
Who led Aledade's Series F round?
Lightspeed Venture Partners led it, with Venrock, Avidity Partners, OMERS Private Equity and Fidelity Management & Research Company.
What was Aledade's valuation at the Series F round?
$3.50B post-money ($3.24B pre-money).