Funding round
Devoted Health Series F
Devoted Health, which works in medicare advantage plan design and management in Eagan, raised $48M in a Series F round announced on 1 Nov 2025, led by Centricus, at a $13.27B post-money valuation. 13 firms took part. It is Devoted Health's seventh venture round on record; the one before was a Series E in Dec 2023.
$48M
Amount raised
$13.27B
Post-money valuation
13
Investors
1 lead
1.0x
Step-up from the Series E
$12.87B in Dec 2023
under 1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Devoted Health at $13.27B after the new money, 1.0 times the $12.87B of its Series E (Dec 2023). The $48M bought investors about under 1% of the company. It came 23 months after Devoted Health's Series E. It is 2.2% of the $2.17B Devoted Health has raised in the venture rounds on record. No later venture round is on record for Devoted Health.
Devoted Health's funding rounds
Devoted Health has 7 venture rounds on record. This one is highlighted.
- Seed 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 this round 1 Nov 2025, led by Centricus $48M$13.27B post-money
Investors
Who put money in
Centricus led the round with 12 other firms.
Lead investor
- backs 3 venture-backed companies new investor
Also in the round
- GV backs 428 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- MIG Private Equity new investor
- Premji Invest backs 50 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- backs 91 venture-backed companies new investor
- Emerson Collective backs 76 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Stardust Equity new investor
- General Catalyst backs 574 venture-backed companies new investor
- backs 24 venture-backed companies new investor
- backs 2 venture-backed companies new investor
Comparable rounds
How it compares
The closest in time: 1 in Insurance - Agents, Carriers & Brokers, then Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Judi Health Insurance - Agents, Carriers & Brokers | 23 Sep 2025 | $400M | $3.25B | Wellington Management and General Catalyst |
| Tech Companies | 5 Nov 2025 | $100M | $700M | Goldman Sachs and A91 Partners |
| Perplexity Tech Companies | 1 Dec 2025 | $500M | $20.00B | not named |
| Uniphore Tech Companies | 22 Oct 2025 | $260M | $2.50B | NVIDIA and AMD |
| Whatnot Tech Companies | 28 Oct 2025 | $225M | $11.50B | DST Global and CapitalG |
| Harvey Tech Companies | 4 Dec 2025 | $160M | $8.00B | Andreessen Horowitz |
| Human Interest Retirement Planning | 31 Oct 2025 | $100M | $3.00B | not named |
| Octane Loans & Financing | 15 Dec 2025 | $100M | $1.30B | Valar Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Devoted Health raise in its Series F round?
Devoted Health raised $48M in its Series F round, announced in Nov 2025.
Who led Devoted Health's Series F round?
Centricus led it, with GV, VanEck, MIG Private Equity, Premji Invest and The Private Shares Fund and 7 more.
What was Devoted Health's valuation at the Series F round?
$13.27B post-money.