Funding round
ImageFIRST Growth
Reported as "Growth Equity"
ImageFIRST, which works in healthcare linen and uniform rental in King of Prussia, raised $750M in a Growth round announced on 28 Jun 2023, led by Calera Capital. 5 firms took part, 5 of them already investors.
$750M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
ImageFIRST did not disclose a valuation in this round. It is ImageFIRST's first venture round on record, 56 years after it was founded in 1967. No later venture round is on record for ImageFIRST.
ImageFIRST's funding rounds
This is the only venture round on record for ImageFIRST.
- Buyout not a venture round 30 Oct 2018, led by Calera Capital amount not disclosed
- Growth this round 28 Jun 2023, led by Calera Capital $750M
Investors
Who put money in
Calera Capital led the round with 4 other firms. Calera Capital, Goldman Sachs Asset Management, Blackstone and TPG and 1 more had backed ImageFIRST before.
Lead investor
- backs 2 venture-backed companies existing investor
Also in the round
- Goldman Sachs Asset Management existing investor
- Blackstone backs 83 venture-backed companies existing investor
- TPG backs 114 venture-backed companies existing investor
- Portfolio Advisors existing 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: 1 in Dry Cleaners, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dry Cleaners | 24 Nov 2022 | $12M | not disclosed | Circularity Capital |
| Invenergy Renewable energy companies | 28 Jun 2023 | $1.00B | not disclosed | not named |
| Batteries | 14 Jun 2023 | $944M | not disclosed | not named |
| Authentic Clothing Stores | 29 Jun 2023 | $500M | $20.00B | not named |
| Digital & Marketing Agencies | 6 Jun 2023 | $400M | not disclosed | TowerBrook and FL Entertainment |
| Tech Companies | 13 Jun 2023 | $300M | $1.00B | Goldman Sachs Asset Management |
| Teylor Loans & Financing | 12 Jun 2023 | $296M | not disclosed | not named |
| Solar Energy Company | 12 Jun 2023 | $250M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did ImageFIRST raise in its Growth round?
ImageFIRST raised $750M in its Growth round, announced in Jun 2023.
Who led ImageFIRST's Growth round?
Calera Capital led it, with Goldman Sachs Asset Management, Blackstone, TPG and Portfolio Advisors.
What was ImageFIRST's valuation at the Growth round?
It was not disclosed.