Funding round
Athelas Growth
Reported as "Growth Equity"
Athelas, which works in AI-Driven healthcare technology solutions in Mountain View, raised $200M in a Growth round announced on 19 Jun 2025, led by General Catalyst. 1 firm took part. It is Athelas' sixth venture round on record; the one before was a Series C in Jan 2022.
$200M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Athelas did not disclose a valuation in this round; its last disclosed one was $1.50B at the Series B (Aug 2021). It came 41 months after Athelas' Series C. It is 48% of the $420M Athelas has raised in the venture rounds on record. Athelas raised again 11 months later: a Growth round of $70M in May 2026, at $7.00B post-money.
Athelas' funding rounds
Athelas has 7 venture rounds on record. This one is highlighted.
- Pre-seed 1 Jun 2016 amount not disclosed
- Seed 1 Aug 2017, led by Sequoia Capital $3.7M
- Series A 1 Feb 2019 $15M
- Series B 1 Aug 2021, led by General Catalyst $72M$1.50B post-money
- Series C 1 Jan 2022, led by Tribe Capital $59M
- Growth this round 19 Jun 2025, led by General Catalyst $200M
- Growth 19 May 2026, led by General Catalyst $70M$7.00B post-money
Investors
Who put money in
General Catalyst led the round.
Lead investor
- General Catalyst backs 574 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
417 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 4.0 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Databricks Tech Companies | 30 Jun 2025 | $10.00B | $55.00B | T. Rowe Price |
| Datasite Tech Companies | 4 Jun 2025 | $500M | not disclosed | CapVest |
| Commure Tech Companies | 19 Jun 2025 | $200M | not disclosed | General Catalyst |
| Tech Companies | 10 Jun 2025 | $200M | not disclosed | Sixth Street |
| Motive Tech Companies | 1 Jun 2025 | $150M | not disclosed | Kleiner Perkins |
| Fever Tech Companies | 4 Jun 2025 | $100M | not disclosed | L Catterton and Point72 Ventures |
| Tech Companies | 18 Jun 2025 | $100M | $1.20B | Danu Venture Group and AMD Ventures |
| Tech Companies | 26 Jun 2025 | $75M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Athelas raise in its Growth round?
Athelas raised $200M in its Growth round, announced in Jun 2025.
Who led Athelas' Growth round?
General Catalyst led it.
What was Athelas' valuation at the Growth round?
It was not disclosed; its last disclosed one was $1.50B at the Series B (Aug 2021).
How does it compare with other Growth rounds in Tech Companies?
417 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 4.0 times the median.
Did Athelas raise again after this round?
Yes: a Growth round in May 2026 of $70M at $7.00B post-money.