Funding round
Athelas Seed
Athelas, which works in AI-Driven healthcare technology solutions in Mountain View, raised $3.7M in a Seed round announced on 1 Aug 2017, led by Sequoia Capital. 2 firms took part. It is Athelas' second venture round on record; the one before was a Pre-seed in Jun 2016.
$3.7M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Athelas did not disclose a valuation in this round. It came 14 months after Athelas' Pre-seed. It is under 1% of the $420M Athelas has raised in the venture rounds on record. Athelas raised again 18 months later: a Series A round of $15M in Feb 2019. 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 1 Jun 2016 amount not disclosed
- Seed this round 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
Investors
Who put money in
Sequoia Capital led the round with 1 other firm.
Lead investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- Y Combinator backs 1,295 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring and product development.
- Hiring
- Product development
Comparable rounds
How it compares
603 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.9M, and this round was 1.9 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 29 Aug 2017 | $5.7M | not disclosed | Reinventure |
| Tech Companies | 31 Aug 2017 | $3.4M | not disclosed | Azure Capital Partners |
| Tech Companies | 10 Aug 2017 | $3.0M | not disclosed | not named |
| Tech Companies | 29 Aug 2017 | $2.5M | not disclosed | New Enterprise Associates |
| Tech Companies | 31 Aug 2017 | $2.5M | not disclosed | not named |
| Tech Companies | 15 Aug 2017 | $2.5M | not disclosed | Newark Venture Partners |
| Tech Companies | 21 Aug 2017 | $2.0M | not disclosed | Birchmere Ventures and Expa |
| Tech Companies | 1 Aug 2017 | $1.5M | not disclosed | not named |
Questions
Frequently asked
How much did Athelas raise in its Seed round?
Athelas raised $3.7M in its Seed round, announced in Aug 2017.
Who led Athelas' Seed round?
Sequoia Capital led it, with Y Combinator.
What was Athelas' valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
603 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.9M, and this round was 1.9 times the median.
Did Athelas raise again after this round?
Yes: a Series A round in Feb 2019 of $15M.