Funding round
Capsule Growth
Reported as "Growth Equity"
Capsule, which works in pharmacy services platform development in New York, raised $300M in a Growth round announced on 29 Apr 2021, led by Durable Capital Partners, at a $1.00B post-money valuation. 3 firms took part. It is Capsule's third venture round on record; the one before was a Series C in Sep 2019.
$300M
Amount raised
$1.00B
Post-money valuation
$700M pre-money
3
Investors
1 lead
30%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Capsule at $1.00B after the new money. The $300M bought investors about 30% of the company. It came 19 months after Capsule's Series C. It is 55% of the $550M Capsule has raised in the venture rounds on record. No later venture round is on record for Capsule.
Capsule's funding rounds
Capsule has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Durable Capital Partners led the round with 2 other firms.
Lead investor
- Durable Capital Partners backs 39 venture-backed companies new investor
Also in the round
- Baillie Gifford new investor
- T. Rowe Price new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Video Games - Development & Publishing | 13 Apr 2021 | $1.00B | $28.70B | not named |
| G42 Tech Companies | 14 Apr 2021 | $800M | not disclosed | Silver Lake |
| ShareChat Tech Companies | 8 Apr 2021 | $502M | $2.10B | not named |
| Mavenir Tech Companies | 21 Apr 2021 | $500M | not disclosed | Koch Strategic Platforms |
| Yuan Qi Forest Beverages & Refreshments | 9 Apr 2021 | $500M | $6.00B | HSG |
| CleanCapital Solar Energy Company | 20 Apr 2021 | $300M | not disclosed | Manulife Investment Management |
| Mortgage Brokers | 23 Apr 2021 | $280M | not disclosed | not named |
| Property Management | 8 Apr 2021 | $275M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Capsule raise in its Growth round?
Capsule raised $300M in its Growth round, announced in Apr 2021.
Who led Capsule's Growth round?
Durable Capital Partners led it, with Baillie Gifford and T. Rowe Price.
What was Capsule's valuation at the Growth round?
$1.00B post-money ($700M pre-money).