Funding round
Blink Health Series B
Blink Health, which works in digital pharmacy platform services in New York, raised $90M in a Series B round announced on 12 Apr 2017, led by 8VC. 1 firm took part, 1 of them already investors. It is Blink Health's first venture round on record.
$90M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Blink Health did not disclose a valuation in this round. It is Blink Health's first venture round on record, 3 years after it was founded in 2014. It is 21% of the $435M Blink Health has raised in the venture rounds on record. Blink Health raised again 42 months later: a Series C round of $205M in Oct 2020, at $829M post-money.
Investors
Who put money in
8VC led the round. 8VC had backed Blink Health before.
Lead investor
- 8VC existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time: 1 in Drug Stores & Pharmacies, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| PharmEasy Drug Stores & Pharmacies | 3 Apr 2017 | $17M | not disclosed | Bessemer Venture Partners and Orios Venture Partners |
| Tech Companies | 12 Apr 2017 | $60M | not disclosed | Omnitracs |
| Home Health Care | 5 Apr 2017 | $21M | not disclosed | Mahindra Partners |
| Tech Companies | 5 Apr 2017 | $20M | not disclosed | Sapphire Ventures |
| Pipes, Tubes, Fittings & Valves | 13 Apr 2017 | $19M | not disclosed | not named |
| Data Solutions | 6 Apr 2017 | $18M | not disclosed | Mayfield |
| Electronical Components Manufacturing | 24 Apr 2017 | $18M | not disclosed | not named |
| Medical Supply Manufacturers | 19 Apr 2017 | $18M | not disclosed | Canaan |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Blink Health raise in its Series B round?
Blink Health raised $90M in its Series B round, announced in Apr 2017.
Who led Blink Health's Series B round?
8VC led it.
What was Blink Health's valuation at the Series B round?
It was not disclosed.
Did Blink Health raise again after this round?
Yes: a Series C round in Oct 2020 of $205M at $829M post-money.