Funding round
Athelas Series B
Athelas, which works in AI-Driven healthcare technology solutions in Mountain View, raised $72M in a Series B round announced on 1 Aug 2021, led by General Catalyst, at a $1.50B post-money valuation. 1 firm took part. It is Athelas' fourth venture round on record; the one before was a Series A in Feb 2019.
$72M
Amount raised
$1.50B
Post-money valuation
1
Investors
1 lead
4.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Athelas at $1.50B after the new money. The $72M bought investors about 4.8% of the company. It came 30 months after Athelas' Series A. It is 17% of the $420M Athelas has raised in the venture rounds on record. Athelas raised again 5 months later: a Series C round of $59M in Jan 2022. Its next priced round, a Growth in May 2026, valued it at $7.00B.
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 this round 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
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 scaling operations.
- Scaling operations
Comparable rounds
How it compares
1,003 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 2.3 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Nuro Tech Companies | 16 Aug 2021 | $940M | not disclosed | not named |
| Tech Companies | 12 Aug 2021 | $130M | $1.33B | Institutional Venture Partners and Insight Partners |
| Tech Companies | 2 Aug 2021 | $100M | not disclosed | VNV Global |
| Cart.com Tech Companies | 11 Aug 2021 | $98M | not disclosed | Oak HC/FT |
| Tech Companies | 31 Aug 2021 | $90M | not disclosed | Elysian Park Ventures |
| Tech Companies | 26 Aug 2021 | $85M | not disclosed | Sageview Capital |
| Tech Companies | 17 Aug 2021 | $75M | not disclosed | Tiger Global and Meritech Capital |
| Tech Companies | 24 Aug 2021 | $73M | $450M | Globis Capital Partners and World Innovation Lab |
Questions
Frequently asked
How much did Athelas raise in its Series B round?
Athelas raised $72M in its Series B round, announced in Aug 2021.
Who led Athelas' Series B round?
General Catalyst led it.
What was Athelas' valuation at the Series B round?
$1.50B post-money.
How does it compare with other Series B rounds in Tech Companies?
1,003 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 2.3 times the median.
Did Athelas raise again after this round?
Yes: a Series C round in Jan 2022 of $59M.