Funding round
Athelas Pre-seed
Athelas, which works in AI-Driven healthcare technology solutions in Mountain View, raised an undisclosed amount in a Pre-seed round announced on 1 Jun 2016. It is Athelas' first venture round on record.
Undisclosed
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Athelas did not disclose a valuation in this round. It is Athelas' first venture round on record, 12 years after it was founded in 2004. Athelas raised again 14 months later: a Seed round of $3.7M in Aug 2017. Its next priced round, a Series B in Aug 2021, valued it at $1.50B.
Athelas' funding rounds
Athelas has 7 venture rounds on record. This one is highlighted.
- Pre-seed this round 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 19 May 2026, led by General Catalyst $70M$7.00B post-money
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
16 Pre-seed rounds in Tech Companies within a year either side disclosed an amount; the median was $675K. The closest in time, other companies' Pre-seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Apr 2016 | $2.7M | not disclosed | not named |
| Tech Companies | 10 Aug 2016 | undisclosed | not disclosed | Govin Capital |
| Tech Companies | 7 Sep 2016 | $5.0M | not disclosed | WI Harper Group |
| Tech Companies | 28 Mar 2016 | $500K | $135M | not named |
| Tech Companies | 1 Oct 2016 | $254K | not disclosed | not named |
| Tech Companies | 1 Jan 2016 | $750K | not disclosed | not named |
| Tech Companies | 1 Jan 2016 | $575K | not disclosed | not named |
| Giraffe360 Tech Companies | 29 Nov 2016 | $531K | not disclosed | Koha Capital |
Questions
Frequently asked
How much did Athelas raise in its Pre-seed round?
Athelas did not disclose the amount of its Pre-seed round, announced in Jun 2016.
What was Athelas' valuation at the Pre-seed round?
It was not disclosed.
Did Athelas raise again after this round?
Yes: a Seed round in Aug 2017 of $3.7M.