Funding round
Edifecs Growth
Reported as "Growth Equity"
Edifecs, which works in healthcare data interchange solutions development in Bellevue, raised $1.40B in a Growth round announced on 28 Jul 2020. 2 firms took part.
$1.40B
Amount raised
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
Edifecs did not disclose a valuation in this round. It is Edifecs' first venture round on record, 24 years after it was founded in 1996. No later venture round is on record for Edifecs.
Edifecs' funding rounds
This is the only venture round on record for Edifecs.
- Growth this round 28 Jul 2020 $1.40B
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- backs 24 venture-backed companies new investor
- backs 20 venture-backed companies new investor
Joined the board: Ashutosh Agrawal (TA Associates), Ezra Perlman (Francisco Partners), Jennifer Mulloy (TA Associates) and Ali Evans (Francisco Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
290 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $49M, and this round was 29 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 23 Jul 2020 | $100M | not disclosed | Sumeru Equity Partners |
| Tech Companies | 15 Jul 2020 | $100M | not disclosed | Sumeru Equity Partners |
| Tech Companies | 14 Jul 2020 | $60M | not disclosed | not named |
| Tech Companies | 9 Jul 2020 | $60M | $400M | Ping An Global Voyager Fund |
| Tech Companies | 1 Jul 2020 | $42M | not disclosed | not named |
| Tech Companies | 14 Jul 2020 | $25M | not disclosed | not named |
| Tech Companies | 14 Jul 2020 | undisclosed | not disclosed | IMB Partners |
| Tech Companies | 28 Jul 2020 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Edifecs raise in its Growth round?
Edifecs raised $1.40B in its Growth round, announced in Jul 2020.
Which investors took part in Edifecs' Growth round?
TA Associates and Francisco Partners.
What was Edifecs' valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
290 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $49M, and this round was 29 times the median.