Funding round
Devoted Health Seed
Devoted Health, which works in medicare advantage plan design and management in Eagan, raised $7.0M in a Seed round announced on 22 Aug 2017, led by Venrock. 1 firm took part. It is Devoted Health's first venture round on record.
$7.0M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Devoted Health did not disclose a valuation in this round. It is Devoted Health's first venture round on record, in the year it was founded (2017). It is under 1% of the $2.17B Devoted Health has raised in the venture rounds on record. Devoted Health raised again 2 months later: a Series A round of $62M in Oct 2017. Its next priced round, a Series D in Oct 2021, valued it at $12.70B.
Devoted Health's funding rounds
Devoted Health has 7 venture rounds on record. This one is highlighted.
- Seed this round 22 Aug 2017, led by Venrock $7.0M
- Series A 6 Oct 2017, led by Andreessen Horowitz $62M
- Series B 16 Oct 2018, led by Andreessen Horowitz $300M
- Series C 1 Jul 2020, led by Uprising $380M
- Series D 8 Oct 2021 $1.20B$12.70B post-money
- Series E 29 Dec 2023, led by The Space Between (TSB), Highbury Group and GIC $175M$12.87B post-money
- Series F 1 Nov 2025, led by Centricus $48M$13.27B post-money
Investors
Who put money in
Venrock led the round.
Lead investor
- Venrock backs 93 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
31 Seed rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $2.6M, and this round was 2.7 times the median. The closest in time, other companies' Seed rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 30 Aug 2017 | $10M | not disclosed | Valar Ventures |
| Kin Insurance Insurance - Agents, Carriers & Brokers | 1 Aug 2017 | $4.0M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 23 Aug 2017 | $2.6M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 26 Sep 2017 | $4.2M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 27 Jul 2017 | $3.5M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 26 Sep 2017 | $3.0M | not disclosed | Norwest |
| Insurance - Agents, Carriers & Brokers | 21 Jul 2017 | $1.6M | not disclosed | LocalGlobe |
| Insurance - Agents, Carriers & Brokers | 6 Sep 2017 | $492K | not disclosed | KK Fund |
Questions
Frequently asked
How much did Devoted Health raise in its Seed round?
Devoted Health raised $7.0M in its Seed round, announced in Aug 2017.
Who led Devoted Health's Seed round?
Venrock led it.
What was Devoted Health's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Insurance - Agents, Carriers & Brokers?
31 Seed rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $2.6M, and this round was 2.7 times the median.
Did Devoted Health raise again after this round?
Yes: a Series A round in Oct 2017 of $62M.