Funding round
Fuze Health Series C
Fuze Health, which works in digital pharmacy solutions development in Fairfield, raised $50M in a Series C round announced on 5 Dec 2018, led by Zola Global and Greenoaks. 15 firms took part. It is Fuze Health's first venture round on record.
$50M
Amount raised
Not disclosed
Post-money valuation
15
Investors
2 leads
Valuation
What this round says about the price
Fuze Health did not disclose a valuation in this round. It is 10% of the $500M Fuze Health has raised in the venture rounds on record. Fuze Health raised again 24 months later: a Series D round of $250M in Dec 2020, at $1.00B post-money.
Investors
Who put money in
Zola Global and Greenoaks led the round with 13 other firms.
Lead investors
- Zola Global new investor
- Greenoaks backs 77 venture-backed companies new investor
Also in the round
- backs 29 venture-backed companies new investor
- backs 35 venture-backed companies new investor
- Flint Capital new investor
- backs 36 venture-backed companies new investor
- backs 80 venture-backed companies new investor
- backs 46 venture-backed companies new investor
- MHS Capital new investor
- backs 133 venture-backed companies new investor
- Norwest backs 215 venture-backed companies new investor
- backs 100 venture-backed companies new investor
- Turtle Ventures new investor
- backs 22 venture-backed companies new investor
- Prescott Watson new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Drug Stores & Pharmacies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Alto Pharmacy Drug Stores & Pharmacies | 5 Dec 2018 | $50M | not disclosed | not named |
| Drug Stores & Pharmacies | 28 Jan 2019 | $100M | $1.00B | Growth-stage investor |
| PharmEasy Drug Stores & Pharmacies | 26 Sep 2018 | $50M | not disclosed | Eight Roads |
| Capsule Drug Stores & Pharmacies | 30 Sep 2019 | $200M | not disclosed | Technology Crossover Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Fuze Health raise in its Series C round?
Fuze Health raised $50M in its Series C round, announced in Dec 2018.
Who led Fuze Health's Series C round?
Zola Global and Greenoaks led it, with Jackson Square Ventures, Olive Tree Capital, Flint Capital, Glilot Capital and Hack VC and 8 more.
What was Fuze Health's valuation at the Series C round?
It was not disclosed.
Did Fuze Health raise again after this round?
Yes: a Series D round in Dec 2020 of $250M at $1.00B post-money.