Funding round
Collective Health Series E
Collective Health, which works in integrated health benefits solutions in San Francisco, raised $205M in a Series E round announced on 17 Jun 2019, led by SoftBank Vision Fund and SoftBank. 11 firms took part. It is Collective Health's fourth venture round on record; the one before was a Series C in Oct 2015.
$205M
Amount raised
Not disclosed
Post-money valuation
11
Investors
2 leads
Valuation
What this round says about the price
Collective Health did not disclose a valuation in this round. It came 44 months after Collective Health's Series C. It is 34% of the $604M Collective Health has raised in the venture rounds on record. Collective Health raised again 23 months later: a Series F round of $280M in May 2021, at $1.50B post-money.
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 20 Oct 2015, led by GV $81M
- Series E this round 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
SoftBank Vision Fund and SoftBank led the round with 9 other firms.
Lead investors
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- SoftBank
Also in the round
- backs 12 venture-backed companies new investor
- DFJ Growth backs 51 venture-backed companies new investor
- G Squared backs 40 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- GV backs 428 venture-backed companies new investor
- Maverick Ventures new investor
- Mubadala Capital backs 61 venture-backed companies new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
- Sun Life new 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: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Carbon Industrial Machinery & Supplies | 25 Jun 2019 | $260M | $2.40B | Madrone Capital Partners and Baillie Gifford |
| Tech Companies | 12 Jun 2019 | $165M | $1.40B | Standard Chartered and MUFG Innovation Partners |
| Tech Companies | 10 Jun 2019 | $100M | not disclosed | Technology Crossover Ventures |
| Payment Processing & Point of Sale | 30 Jun 2019 | $76M | not disclosed | GV and Salesforce Ventures |
| Digital & Marketing Agencies | 12 Jun 2019 | $29M | not disclosed | Union Square Ventures |
| GetYourGuide Travel Agencies | 16 May 2019 | $484M | not disclosed | SoftBank Vision Fund |
| Carta Tech Companies | 6 May 2019 | $300M | $1.70B | Andreessen Horowitz |
| Impossible Foods Food Production | 14 May 2019 | $300M | not disclosed | Temasek and Horizons Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Collective Health raise in its Series E round?
Collective Health raised $205M in its Series E round, announced in Jun 2019.
Who led Collective Health's Series E round?
SoftBank Vision Fund and SoftBank led it, with PSP Investments, DFJ Growth, G Squared, Founders Fund and GV and 4 more.
What was Collective Health's valuation at the Series E round?
It was not disclosed.
Did Collective Health raise again after this round?
Yes: a Series F round in May 2021 of $280M at $1.50B post-money.