Funding round
DispatchHealth Growth
Reported as "Growth Equity"
DispatchHealth, which works in home-based medical care delivery in Denver, raised $31M in a Growth round announced on 23 Sep 2017, led by Alta Partners and Questa Capital. 3 firms took part, 3 of them already investors. It is DispatchHealth's second venture round on record; the one before was a Seed in Aug 2015.
$31M
Amount raised
Not disclosed
Post-money valuation
3
Investors
2 leads
Valuation
What this round says about the price
DispatchHealth did not disclose a valuation in this round. It came 25 months after DispatchHealth's Seed. It is 4.7% of the $662M DispatchHealth has raised in the venture rounds on record. DispatchHealth raised again 20 months later: a Growth round of $33M in May 2019. Its next priced round, a Series D in Mar 2021, valued it at $1.70B.
DispatchHealth's funding rounds
DispatchHealth has 6 venture rounds on record. This one is highlighted.
- Seed 12 Aug 2015 $3.6M
- Growth this round 23 Sep 2017, led by Alta Partners and Questa Capital $31M
- Growth 7 May 2019, led by Echo Health Ventures $33M
- Series C 23 Jun 2020, led by Optum Ventures $136M
- Series D 3 Mar 2021, led by Tiger Global $200M$1.70B post-money
- Growth 23 Nov 2022, led by Optum Ventures $259M
Investors
Who put money in
Alta Partners and Questa Capital led the round with 1 other firm. Alta Partners, Questa Capital and US Acute Care Solutions had backed DispatchHealth before.
Lead investors
- backs 18 venture-backed companies existing investor
- backs 20 venture-backed companies existing investor
Also in the round
- US Acute Care Solutions existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Home Health Care, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Home Health Care | 5 Sep 2016 | $28M | not disclosed | not named |
| Educational Consultants | 14 Sep 2017 | $200M | not disclosed | not named |
| Tech Companies | 20 Sep 2017 | $200M | not disclosed | K1 Investment Management |
| Tech Companies | 27 Sep 2017 | $75M | $160M | Sageview Capital and Leaders Fund |
| Batteries | 14 Sep 2017 | $60M | $500M | Daimler |
| Tech Companies | 6 Sep 2017 | $59M | not disclosed | Silversmith Capital Partners |
| HighRadius Tech Companies | 15 Sep 2017 | $50M | not disclosed | Susquehanna Growth Equity |
| Tech Companies | 13 Sep 2017 | $48M | not disclosed | Invus |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did DispatchHealth raise in its Growth round?
DispatchHealth raised $31M in its Growth round, announced in Sep 2017.
Who led DispatchHealth's Growth round?
Alta Partners and Questa Capital led it, with US Acute Care Solutions.
What was DispatchHealth's valuation at the Growth round?
It was not disclosed.
Did DispatchHealth raise again after this round?
Yes: a Growth round in May 2019 of $33M.