Funding round
Honor Series D
Honor, which works in home care services in Omaha, raised $140M in a Series D round announced on 27 Oct 2020, led by Baillie Gifford and T. Rowe Price Associates, Inc.. 8 firms took part, 4 of them already investors. It is Honor's fourth venture round on record; the one before was a Series C in May 2018.
$140M
Amount raised
Not disclosed
Post-money valuation
8
Investors
2 leads
Valuation
What this round says about the price
Honor did not disclose a valuation in this round; its last disclosed one was $55M at the Series A (Apr 2015). It came 29 months after Honor's Series C. It is 43% of the $322M Honor has raised in the venture rounds on record. Honor raised again 12 months later: a Series E round of $70M in Oct 2021, at $1.25B post-money.
Honor's funding rounds
Honor has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 2 Apr 2015 $20M$55M post-money
- Series B 8 Aug 2016, led by Thrive Capital $42M
- Series C 22 May 2018, led by Prosus $50M
- Series D this round 27 Oct 2020, led by Baillie Gifford and T. Rowe Price Associates, Inc. $140M
- Debt not a venture round 5 Oct 2021, led by Perceptive Advisors $300M
- Series E 5 Oct 2021, led by Baillie Gifford $70M$1.25B post-money
Investors
Who put money in
Baillie Gifford and T. Rowe Price Associates, Inc. led the round with 6 other firms. Prosus Ventures, Andreessen Horowitz, Thrive Capital and 8VC had backed Honor before.
Lead investors
- Baillie Gifford new investor
- T. Rowe Price Associates, Inc. new investor
Also in the round
- backs 20 venture-backed companies new investor
- Prosus Ventures existing investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- Thrive Capital backs 130 venture-backed companies existing investor
- 8VC existing investor
- Rocks Springs
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: 2 in Home Health Care, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| DispatchHealth Home Health Care | 3 Mar 2021 | $200M | $1.70B | Tiger Global |
| Somatus Home Health Care | 16 Jun 2021 | $60M | not disclosed | not named |
| Tech Companies | 27 Oct 2020 | $125M | $1.00B | General Catalyst |
| Razorpay Payment Processing & Point of Sale | 11 Oct 2020 | $100M | $1.00B | Sequoia India and GIC |
| Electronical Components Manufacturing | 7 Oct 2020 | $94M | not disclosed | Bpifrance |
| Tech Companies | 19 Oct 2020 | $80M | not disclosed | Tiger Global |
| Employment Agencies & HR Consulting | 20 Oct 2020 | $80M | not disclosed | GGV Capital |
| Rokt Tech Companies | 22 Oct 2020 | $80M | $450M | TDM Growth Partners |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Honor raise in its Series D round?
Honor raised $140M in its Series D round, announced in Oct 2020.
Who led Honor's Series D round?
Baillie Gifford and T. Rowe Price Associates, Inc. led it, with Rock Springs Capital, Prosus Ventures, Andreessen Horowitz, Thrive Capital and 8VC and 1 more.
What was Honor's valuation at the Series D round?
It was not disclosed; its last disclosed one was $55M at the Series A (Apr 2015).
Did Honor raise again after this round?
Yes: a Series E round in Oct 2021 of $70M at $1.25B post-money.