Funding round
Collective Health Series F
Collective Health, which works in integrated health benefits solutions in San Francisco, raised $280M in a Series F round announced on 4 May 2021, led by Health Care Service Corporation, at a $1.50B post-money valuation. 9 firms took part, 5 of them already investors. It is Collective Health's fifth venture round on record; the one before was a Series E in Jun 2019.
$280M
Amount raised
$1.50B
Post-money valuation
9
Investors
1 lead
19%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Collective Health at $1.50B after the new money. The $280M bought investors about 19% of the company. It came 23 months after Collective Health's Series E. It is 46% of the $604M Collective Health has raised in the venture rounds on record. No later venture round is on record for Collective Health.
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 17 Jun 2019, led by SoftBank Vision Fund and SoftBank $205M
- Series F this round 4 May 2021, led by Health Care Service Corporation $280M$1.50B post-money
Investors
Who put money in
Health Care Service Corporation led the round with 8 other firms. Health Care Service Corporation, SoftBank Vision Fund, New Enterprise Associates and PFM Health Sciences and 1 more had backed Collective Health before.
Lead investor
- Health Care Service Corporation existing investor
Also in the round
- SoftBank Vision Fund backs 234 venture-backed companies existing investor
- DFJ Growth backs 51 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- G Squared backs 40 venture-backed companies new investor
- Maverick Ventures new investor
- New Enterprise Associates backs 286 venture-backed companies existing investor
- PFM Health Sciences existing investor
- Sun Life existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Noom Nutritionists & Weight Loss Specialists | 25 May 2021 | $540M | not disclosed | Silver Lake |
| Vinted Salvage Merchandise & Thrift Stores | 12 May 2021 | $303M | $5.20B | EQT |
| Forter Tech Companies | 25 May 2021 | $300M | $3.00B | Tiger Global Management |
| MasterClass Learning, Tutoring & Courses | 13 May 2021 | $225M | $2.75B | Fidelity Management & Research Company |
| Tech Companies | 11 May 2021 | $100M | $1.70B | Greenspring Associates |
| Glovo Food delivery | 1 Apr 2021 | $530M | not disclosed | Lugard Road Capital and Luxor Capital Group |
| Neo4j Tech Companies | 17 Jun 2021 | $325M | $2.00B | Eurazeo |
| Faire General Retail & Merchandise | 10 Jun 2021 | $260M | $7.00B | Sequoia Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Collective Health raise in its Series F round?
Collective Health raised $280M in its Series F round, announced in May 2021.
Who led Collective Health's Series F round?
Health Care Service Corporation led it, with SoftBank Vision Fund, DFJ Growth, Founders Fund, G Squared and Maverick Ventures and 3 more.
What was Collective Health's valuation at the Series F round?
$1.50B post-money.