Funding round
Collective Health Series C
Collective Health, which works in integrated health benefits solutions in San Francisco, raised $81M in a Series C round announced on 20 Oct 2015, led by GV. 6 firms took part, 5 of them already investors. It is Collective Health's third venture round on record; the one before was a Series B in Mar 2015.
$81M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Collective Health did not disclose a valuation in this round. It came 7 months after Collective Health's Series B. It is 13% of the $604M Collective Health has raised in the venture rounds on record. Collective Health raised again 44 months later: a Series E round of $205M in Jun 2019. 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 18 Mar 2015, led by New Enterprise Associates and Founders Fund $32M
- Series C this round 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
GV led the round with 5 other firms. Founders Fund, New Enterprise Associates, Maverick Capital and Redpoint Ventures and 1 more had backed Collective Health before.
Lead investor
- GV backs 428 venture-backed companies new investor
Also in the round
- Founders Fund backs 368 venture-backed companies existing investor
- New Enterprise Associates backs 286 venture-backed companies existing investor
- Maverick Capital existing investor
- Redpoint Ventures backs 194 venture-backed companies existing investor
- RRE Ventures existing investor
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
The closest in time: 1 in Insurance - Agents, Carriers & Brokers, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 22 Sep 2015 | $33M | $103M | ACE Group |
| Pharmaceutical Products | 13 Oct 2015 | $65M | not disclosed | Sofinnova and Redmile Group |
| Tech Companies | 13 Oct 2015 | $59M | not disclosed | SoftBank Corp. |
| Tech Companies | 13 Oct 2015 | $58M | not disclosed | Index Ventures |
| Tech Companies | 22 Oct 2015 | $38M | not disclosed | Tenaya Capital |
| Tech Companies | 29 Oct 2015 | $33M | not disclosed | Partech |
| Catering & Delivery | 6 Oct 2015 | $28M | not disclosed | Insight Partners |
| Tech Companies | 15 Oct 2015 | $25M | not disclosed | Andreessen Horowitz |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Collective Health raise in its Series C round?
Collective Health raised $81M in its Series C round, announced in Oct 2015.
Who led Collective Health's Series C round?
GV led it, with Founders Fund, New Enterprise Associates, Maverick Capital, Redpoint Ventures and RRE Ventures.
What was Collective Health's valuation at the Series C round?
It was not disclosed.
Did Collective Health raise again after this round?
Yes: a Series E round in Jun 2019 of $205M.