Funding round
DispatchHealth Growth
Reported as "Growth Equity"
DispatchHealth, which works in home-based medical care delivery in Denver, raised $33M in a Growth round announced on 7 May 2019, led by Echo Health Ventures. 3 firms took part. It is DispatchHealth's third venture round on record; the one before was a Growth in Sep 2017.
$33M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
DispatchHealth did not disclose a valuation in this round. It came 20 months after DispatchHealth's Growth. It is 5.0% of the $662M DispatchHealth has raised in the venture rounds on record. DispatchHealth raised again 13 months later: a Series C round of $136M in Jun 2020. 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 23 Sep 2017, led by Alta Partners and Questa Capital $31M
- Growth this round 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
Echo Health Ventures led the round with 2 other firms.
Lead investor
- backs 25 venture-backed companies new investor
Also in the round
- backs 18 venture-backed companies new investor
- backs 20 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Home Health Care:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Home Health Care | 22 Jan 2019 | undisclosed | not disclosed | HealthQuest Capital |
| Home Health Care | 30 Jan 2020 | undisclosed | not disclosed | not named |
| Home Health Care | 7 May 2020 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did DispatchHealth raise in its Growth round?
DispatchHealth raised $33M in its Growth round, announced in May 2019.
Who led DispatchHealth's Growth round?
Echo Health Ventures led it, with Alta Partners and Questa Capital.
What was DispatchHealth's valuation at the Growth round?
It was not disclosed.
Did DispatchHealth raise again after this round?
Yes: a Series C round in Jun 2020 of $136M.