Funding round
Athelas Series C
Athelas, which works in AI-Driven healthcare technology solutions in Mountain View, raised $59M in a Series C round announced on 1 Jan 2022, led by Tribe Capital. 2 firms took part. It is Athelas' fifth venture round on record; the one before was a Series B in Aug 2021.
$59M
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; its last disclosed one was $1.50B at the Series B (Aug 2021). It came 5 months after Athelas' Series B. It is 14% of the $420M Athelas has raised in the venture rounds on record. Athelas raised again 41 months later: a Growth round of $200M in Jun 2025. 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 1 Aug 2021, led by General Catalyst $72M$1.50B post-money
- Series C this round 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
Tribe Capital led the round with 1 other firm.
Lead investor
- Tribe Capital new investor
Also in the round
- 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
488 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was close to the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| 1Password Tech Companies | 19 Jan 2022 | $620M | $6.80B | ICONIQ Growth |
| Tech Companies | 5 Jan 2022 | $400M | $17.50B | ICONIQ Growth |
| OpenSea Tech Companies | 4 Jan 2022 | $300M | $13.30B | Paradigm and Coatue |
| Dream Games Tech Companies | 18 Jan 2022 | $255M | $2.75B | Index Ventures |
| Tech Companies | 11 Jan 2022 | $150M | $1.00B | K1 Investment Management |
| Tech Companies | 20 Jan 2022 | $150M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 19 Jan 2022 | $150M | not disclosed | Lightspeed Venture Partners and Tiger Global |
| Tech Companies | 18 Jan 2022 | $114M | $1.00B | Tiger Global |
Questions
Frequently asked
How much did Athelas raise in its Series C round?
Athelas raised $59M in its Series C round, announced in Jan 2022.
Who led Athelas' Series C round?
Tribe Capital led it, with General Catalyst.
What was Athelas' valuation at the Series C round?
It was not disclosed; its last disclosed one was $1.50B at the Series B (Aug 2021).
How does it compare with other Series C rounds in Tech Companies?
488 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was close to the median.
Did Athelas raise again after this round?
Yes: a Growth round in Jun 2025 of $200M.