Funding round
Capsule Series B
Capsule, which works in pharmacy services platform development in New York, raised $50M in a Series B round announced on 14 Aug 2018, led by Thrive Capital and Glade Brook. 2 firms took part. It is Capsule's first venture round on record.
$50M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Capsule did not disclose a valuation in this round. It is Capsule's first venture round on record, 3 years after it was founded in 2015. It is 9.1% of the $550M Capsule has raised in the venture rounds on record. Capsule raised again 13 months later: a Series C round of $200M in Sep 2019. Its next priced round, a Growth in Apr 2021, valued it at $1.00B.
Capsule's funding rounds
Capsule has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Thrive Capital and Glade Brook led the round.
Lead investors
- Thrive Capital backs 130 venture-backed companies new investor
- Glade Brook backs 30 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations, working capital and sales and marketing.
- Geographic expansion
- Scaling operations
- Working capital
- Sales and marketing
Comparable rounds
How it compares
The closest in time: 2 in Drug Stores & Pharmacies, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Drug Stores & Pharmacies | 4 Sep 2018 | $130M | not disclosed | GTJA Investment Group |
| Drug Stores & Pharmacies | 12 Jun 2018 | $24M | not disclosed | Alliance Consumer Growth |
| Pharmaceutical Products | 10 Aug 2018 | $84M | not disclosed | Andera Partners and LSP (Life Sciences Partners) |
| Tech Companies | 22 Aug 2018 | $70M | not disclosed | Brookfield |
| Groceries | 16 Aug 2018 | $51M | not disclosed | SBI Holdings |
| Inari Biotechnology | 9 Aug 2018 | $40M | not disclosed | Flagship Pioneering |
| Aerospace and Defence | 6 Aug 2018 | $36M | not disclosed | not named |
| Trucking and Logistics | 15 Aug 2018 | $35M | not disclosed | Warburg Pincus |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Capsule raise in its Series B round?
Capsule raised $50M in its Series B round, announced in Aug 2018.
Who led Capsule's Series B round?
Thrive Capital and Glade Brook led it.
What was Capsule's valuation at the Series B round?
It was not disclosed.
Did Capsule raise again after this round?
Yes: a Series C round in Sep 2019 of $200M.