Funding round
Capsule Series C
Capsule, which works in pharmacy services platform development in New York, raised $200M in a Series C round announced on 30 Sep 2019, led by Technology Crossover Ventures. 3 firms took part. It is Capsule's second venture round on record; the one before was a Series B in Aug 2018.
$200M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Capsule did not disclose a valuation in this round. It came 13 months after Capsule's Series B. It is 36% of the $550M Capsule has raised in the venture rounds on record. Capsule raised again 19 months later: a Growth round of $300M in Apr 2021, at $1.00B post-money.
Capsule's funding rounds
Capsule has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Technology Crossover Ventures led the round with 2 other firms.
Lead investor
- Technology Crossover Ventures backs 86 venture-backed companies new investor
Also in the round
- 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 and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Drug Stores & Pharmacies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Drug Stores & Pharmacies | 28 Jan 2019 | $100M | $1.00B | Growth-stage investor |
| Alto Pharmacy Drug Stores & Pharmacies | 5 Dec 2018 | $50M | not disclosed | not named |
| Fuze Health Drug Stores & Pharmacies | 5 Dec 2018 | $50M | not disclosed | Zola Global and Greenoaks |
| PharmEasy Drug Stores & Pharmacies | 26 Sep 2018 | $50M | not disclosed | Eight Roads |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Capsule raise in its Series C round?
Capsule raised $200M in its Series C round, announced in Sep 2019.
Who led Capsule's Series C round?
Technology Crossover Ventures led it, with Thrive Capital and Glade Brook.
What was Capsule's valuation at the Series C round?
It was not disclosed.
Did Capsule raise again after this round?
Yes: a Growth round in Apr 2021 of $300M at $1.00B post-money.