Funding round
Duly Health and Care Growth
Reported as "Growth Equity"
Duly Health and Care, which works in primary care services in Downers Grove, raised $1.45B in a Growth round announced on 15 Aug 2017, led by Ares Management. 2 firms took part.
$1.45B
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Duly Health and Care did not disclose a valuation in this round. It is Duly Health and Care's first venture round on record, 54 years after it was founded in 1963. No later venture round is on record for Duly Health and Care.
Duly Health and Care's funding rounds
This is the only venture round on record for Duly Health and Care.
- Growth this round 15 Aug 2017, led by Ares Management $1.45B
Investors
Who put money in
Ares Management led the round with 1 other firm.
Lead investor
- backs 2 venture-backed companies new investor
Also in the round
- Ares Management
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations, acquisitions and working capital.
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Clinics - Surgeons & Physicians:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Clinics - Surgeons & Physicians | 29 Nov 2017 | $83M | not disclosed | not named |
| Clinics - Surgeons & Physicians | 18 Dec 2017 | undisclosed | not disclosed | TA Associates |
| VillageMD Clinics - Surgeons & Physicians | 4 Jan 2018 | $80M | not disclosed | Athyrium Capital Management |
| Clinics - Surgeons & Physicians | 14 May 2018 | undisclosed | not disclosed | Spindletop Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Duly Health and Care raise in its Growth round?
Duly Health and Care raised $1.45B in its Growth round, announced in Aug 2017.
Who led Duly Health and Care's Growth round?
Ares Management led it, with Ares Management.
What was Duly Health and Care's valuation at the Growth round?
It was not disclosed.