Funding round
Collective Health Series B
Collective Health, which works in integrated health benefits solutions in San Francisco, raised $32M in a Series B round announced on 18 Mar 2015, led by New Enterprise Associates and Founders Fund. 4 firms took part, with 8 individual investors. It is Collective Health's second venture round on record; the one before was a Series A in Jan 2014.
$32M
Amount raised
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
Collective Health did not disclose a valuation in this round. It came 14 months after Collective Health's Series A. It is 5.3% of the $604M Collective Health has raised in the venture rounds on record. Collective Health raised again 7 months later: a Series C round of $81M in Oct 2015. Its next priced round, a Series F in May 2021, valued it at $1.50B.
Collective Health's funding rounds
Collective Health has 5 venture rounds on record. This one is highlighted.
- Series A 1 Jan 2014, led by Founders Fund $6.0M
- Series B this round 18 Mar 2015, led by New Enterprise Associates and Founders Fund $32M
- Series C 20 Oct 2015, led by GV $81M
- Series E 17 Jun 2019, led by SoftBank Vision Fund and SoftBank $205M
- Series F 4 May 2021, led by Health Care Service Corporation $280M$1.50B post-money
Investors
Who put money in
New Enterprise Associates and Founders Fund led the round with 2 other firms.
Lead investors
- New Enterprise Associates new investor
- Founders Fund backs 368 venture-backed companies new investor
Also in the round
- backs 104 venture-backed companies new investor
- Formation 8 new investor
Individual investors: marco demeireles, alex rodriguez, ben lin, bob young, jennifer lopez, michael stoppelman, peter hunn and scot wingo.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
8 Series B rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $12M, and this round was 2.6 times the median. The closest in time, other companies' Series B rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 9 Mar 2015 | $14M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 4 Mar 2015 | $8.0M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 21 Apr 2015 | $13M | not disclosed | Split Rock Partners |
| Insurance - Agents, Carriers & Brokers | 27 Apr 2015 | $12M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 12 Aug 2015 | $7.5M | not disclosed | Assurant Inc. |
| Insurance - Agents, Carriers & Brokers | 21 Oct 2015 | $31M | not disclosed | Oak HC/FT |
| Insurance - Agents, Carriers & Brokers | 14 Jan 2016 | $15M | not disclosed | Revolution |
| Insurance - Agents, Carriers & Brokers | 29 Apr 2014 | $8.9M | not disclosed | Amadeus Capital |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Collective Health raise in its Series B round?
Collective Health raised $32M in its Series B round, announced in Mar 2015.
Who led Collective Health's Series B round?
New Enterprise Associates and Founders Fund led it, with Great Oaks Venture Capital and Formation 8.
What was Collective Health's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Insurance - Agents, Carriers & Brokers?
8 Series B rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $12M, and this round was 2.6 times the median.
Did Collective Health raise again after this round?
Yes: a Series C round in Oct 2015 of $81M.