Funding round
Athelas Growth
Reported as "Growth Equity"
Athelas, which works in AI-Driven healthcare technology solutions in Mountain View, raised $70M in a Growth round announced on 19 May 2026, led by General Catalyst, at a $7.00B post-money valuation. 4 firms took part. It is Athelas' seventh venture round on record; the one before was a Growth in Jun 2025.
$70M
Amount raised
$7.00B
Post-money valuation
$6.93B pre-money
4
Investors
1 lead
4.7x
Step-up from the Series B
$1.50B in Aug 2021
1.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Athelas at $7.00B after the new money, 4.7 times the $1.50B of its Series B (Aug 2021). The $70M bought investors about 1.0% of the company. It came 11 months after Athelas' Growth. It is 17% of the $420M Athelas has raised in the venture rounds on record. No later venture round is on record for Athelas.
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 19 Jun 2025, led by General Catalyst $200M
- Growth this round 19 May 2026, led by General Catalyst $70M$7.00B post-money
Investors
Who put money in
General Catalyst led the round with 3 other firms.
Lead investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies new investor
- Morgan Stanley backs 120 venture-backed companies new investor
- Kirkland & Ellis 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
304 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 1.2 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cognition Tech Companies | 27 May 2026 | $1.00B | $26.00B | Lux Capital and General Catalyst |
| Solace Tech Companies | 5 May 2026 | $790M | not disclosed | not named |
| Rightsline Tech Companies | 27 May 2026 | $500M | not disclosed | Hg |
| Decart Tech Companies | 18 May 2026 | $300M | $4.00B | Radical Ventures |
| Tech Companies | 19 May 2026 | $145M | $1.60B | not named |
| Tech Companies | 6 May 2026 | $136M | not disclosed | not named |
| Tech Companies | 28 May 2026 | $40M | not disclosed | CVS Health Ventures |
| Tech Companies | 13 May 2026 | $34M | not disclosed | National Wealth Fund |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Athelas raise in its Growth round?
Athelas raised $70M in its Growth round, announced in May 2026.
Who led Athelas' Growth round?
General Catalyst led it, with Sequoia Capital, Morgan Stanley and Kirkland & Ellis.
What was Athelas' valuation at the Growth round?
$7.00B post-money ($6.93B pre-money).
How does it compare with other Growth rounds in Tech Companies?
304 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 1.2 times the median.