Funding round
DispatchHealth Growth
Reported as "Growth Equity"
DispatchHealth, which works in home-based medical care delivery in Denver, raised $259M in a Growth round announced on 23 Nov 2022, led by Optum Ventures. 7 firms took part, 4 of them already investors. It is DispatchHealth's sixth venture round on record; the one before was a Series D in Mar 2021.
$259M
Amount raised
of which $75M debt
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
DispatchHealth did not disclose a valuation in this round; its last disclosed one was $1.70B at the Series D (Mar 2021). It came 20 months after DispatchHealth's Series D. It is 39% of the $662M DispatchHealth has raised in the venture rounds on record. No later venture round is on record for DispatchHealth.
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 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 this round 23 Nov 2022, led by Optum Ventures $259M
Investors
Who put money in
Optum Ventures led the round with 6 other firms. Humana, Echo Health Ventures, Questa Capital and Oak HC/FT had backed DispatchHealth before.
Lead investor
- backs 46 venture-backed companies new investor
Also in the round
- Adams Street Partners backs 61 venture-backed companies new investor
- Blue Shield of California new investor
- Humana existing investor
- backs 25 venture-backed companies existing investor
- backs 20 venture-backed companies existing investor
- Oak HC/FT backs 106 venture-backed companies 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
5 Growth rounds in Home Health Care within a year either side disclosed an amount; the median was $140M, and this round was 1.9 times the median. The closest in time, other companies' Growth rounds in Home Health Care:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Home Health Care | 6 Oct 2022 | undisclosed | not disclosed | Pacific Lake |
| Monogram Health Home Health Care | 9 Jan 2023 | $375M | not disclosed | TPG |
| Home Health Care | 4 Aug 2022 | $320M | not disclosed | Kairos HQ |
| Home Health Care | 14 Feb 2023 | undisclosed | not disclosed | not named |
| Home Health Care | 12 Jul 2022 | undisclosed | not disclosed | not named |
| Home Health Care | 8 Jun 2022 | $140M | $1.00B | Oak HC/FT |
| Home Health Care | 10 Jan 2022 | $110M | $3.50B | Baxter International and Global Medical Response |
| Home Health Care | 31 Jan 2022 | $30M | not disclosed | Questa Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did DispatchHealth raise in its Growth round?
DispatchHealth raised $259M in its Growth round, announced in Nov 2022.
Who led DispatchHealth's Growth round?
Optum Ventures led it, with Adams Street Partners, Blue Shield of California, Humana, Echo Health Ventures and Questa Capital and 1 more.
What was DispatchHealth's valuation at the Growth round?
It was not disclosed; its last disclosed one was $1.70B at the Series D (Mar 2021).
How does it compare with other Growth rounds in Home Health Care?
5 Growth rounds in Home Health Care within a year either side disclosed an amount; the median was $140M, and this round was 1.9 times the median.