Funding round
Athelas Series A
Athelas, which works in AI-Driven healthcare technology solutions in Mountain View, raised $15M in a Series A round announced on 1 Feb 2019. 1 firm took part. It is Athelas' third venture round on record; the one before was a Seed in Aug 2017.
$15M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Athelas did not disclose a valuation in this round. It came 18 months after Athelas' Seed. It is 3.6% of the $420M Athelas has raised in the venture rounds on record. Athelas raised again 30 months later: a Series B round of $72M in Aug 2021, at $1.50B 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 this round 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
1 firm took part; no lead investor was named.
Investors
- 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 and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
903 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 1.9 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| DriveNets Tech Companies | 14 Feb 2019 | $110M | not disclosed | Bessemer Venture Partners and Pitango |
| Tech Companies | 28 Feb 2019 | $50M | not disclosed | Pantera |
| Tech Companies | 12 Feb 2019 | $30M | not disclosed | Stripes |
| Tech Companies | 26 Feb 2019 | $25M | $81M | Forgepoint Capital |
| Aurora Solar Tech Companies | 4 Feb 2019 | $20M | not disclosed | Energize Capital |
| Tech Companies | 4 Feb 2019 | $20M | not disclosed | HSBC and Goldman Sachs |
| Tech Companies | 25 Feb 2019 | $16M | not disclosed | Energize Capital and Lux Capital |
| Tech Companies | 19 Feb 2019 | $15M | not disclosed | Viola Ventures and M12 |
Questions
Frequently asked
How much did Athelas raise in its Series A round?
Athelas raised $15M in its Series A round, announced in Feb 2019.
Which investors took part in Athelas' Series A round?
General Catalyst.
What was Athelas' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
903 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 1.9 times the median.
Did Athelas raise again after this round?
Yes: a Series B round in Aug 2021 of $72M at $1.50B post-money.