Funding round
DispatchHealth Series C
DispatchHealth, which works in home-based medical care delivery in Denver, raised $136M in a Series C round announced on 23 Jun 2020, led by Optum Ventures. 6 firms took part, 3 of them already investors. It is DispatchHealth's fourth venture round on record; the one before was a Growth in May 2019.
$136M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
DispatchHealth did not disclose a valuation in this round. It came 13 months after DispatchHealth's Growth. It is 21% of the $662M DispatchHealth has raised in the venture rounds on record. DispatchHealth raised again 9 months later: a Series D round of $200M in Mar 2021, at $1.70B post-money.
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 this round 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
Optum Ventures led the round with 5 other firms. Alta Partners, Questa Capital and Echo Health Ventures had backed DispatchHealth before.
Lead investor
- backs 46 venture-backed companies new investor
Also in the round
- backs 18 venture-backed companies existing investor
- backs 20 venture-backed companies existing investor
- backs 25 venture-backed companies existing investor
- Oak HC/FT backs 106 venture-backed companies new investor
- Humana Inc. new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Home Health Care:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Somatus Home Health Care | 23 Jun 2020 | $64M | not disclosed | Longitude Capital and Optum Ventures |
| Home Health Care | 10 Feb 2020 | $30M | not disclosed | not named |
| Home Health Care | 13 Apr 2021 | $60M | not disclosed | Tiger Global Management |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did DispatchHealth raise in its Series C round?
DispatchHealth raised $136M in its Series C round, announced in Jun 2020.
Who led DispatchHealth's Series C round?
Optum Ventures led it, with Alta Partners, Questa Capital, Echo Health Ventures, Oak HC/FT and Humana Inc..
What was DispatchHealth's valuation at the Series C round?
It was not disclosed.
Did DispatchHealth raise again after this round?
Yes: a Series D round in Mar 2021 of $200M at $1.70B post-money.