Funding round
DispatchHealth Seed
DispatchHealth, which works in home-based medical care delivery in Denver, raised $3.6M in a Seed round announced on 12 Aug 2015. 1 firm took part, with 2 individual investors. It is DispatchHealth's first venture round on record.
$3.6M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
DispatchHealth did not disclose a valuation in this round. It is DispatchHealth's first venture round on record, 2 years after it was founded in 2013. It is under 1% of the $662M DispatchHealth has raised in the venture rounds on record. DispatchHealth raised again 25 months later: a Growth round of $31M in Sep 2017. 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 this round 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 23 Nov 2022, led by Optum Ventures $259M
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- EMP Holdings, LLC new investor
Individual investors: Dr. Peter Hudson and Pete Hudson.
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: 1 in Home Health Care, then Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Home Health Care | 1 Nov 2015 | $1.2M | not disclosed | not named |
| Tech Companies | 19 Aug 2015 | $5.3M | not disclosed | Boston Seed |
| Clothing Stores | 1 Aug 2015 | $4.0M | not disclosed | General Catalyst |
| Laboratory Equipment & Supplies | 18 Aug 2015 | $4.0M | not disclosed | not named |
| Movers & Heavy Transportation | 26 Aug 2015 | $3.8M | not disclosed | A.Capital |
| Tech Companies | 31 Aug 2015 | $3.8M | not disclosed | not named |
| Software Development Services | 1 Aug 2015 | $3.0M | not disclosed | not named |
| Gyms, Fitness & Health Centers | 20 Aug 2015 | $3.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did DispatchHealth raise in its Seed round?
DispatchHealth raised $3.6M in its Seed round, announced in Aug 2015.
Which investors took part in DispatchHealth's Seed round?
EMP Holdings, LLC.
What was DispatchHealth's valuation at the Seed round?
It was not disclosed.
Did DispatchHealth raise again after this round?
Yes: a Growth round in Sep 2017 of $31M.