Funding round
Imperative Care Series C
Imperative Care, which works in medical technology manufacturing in Campbell, raised $85M in a Series C round announced on 10 Dec 2019, led by Ally Bridge Group and Bain Capital Life Sciences. 7 firms took part, 5 of them already investors. It is Imperative Care's first venture round on record.
$85M
Amount raised
Not disclosed
Post-money valuation
7
Investors
2 leads
Valuation
What this round says about the price
Imperative Care did not disclose a valuation in this round. It is Imperative Care's first venture round on record, 4 years after it was founded in 2015. It is 17% of the $495M Imperative Care has raised in the venture rounds on record. Imperative Care raised again 19 months later: a Series D round of $260M in Jul 2021.
Imperative Care's funding rounds
Imperative Care has 3 venture rounds on record and 1 other deal. This one is highlighted.
- Series C this round 10 Dec 2019, led by Ally Bridge Group and Bain Capital Life Sciences $85M
- Series D 15 Jul 2021, led by D1 Capital Partners $260M
- Series E 25 Jul 2024, led by Ally Bridge Group $150M
- Debt not a venture round 17 Mar 2026, led by Elevage Medical Technologies and Perceptive Advisors $100M
Investors
Who put money in
Ally Bridge Group and Bain Capital Life Sciences led the round with 5 other firms. Ascension, Delos Capital, Rock Springs Capital and Sanzheng Health Investment and 1 more had backed Imperative Care before.
Lead investors
- backs 37 venture-backed companies new investor
- Bain Capital Life Sciences new investor
Also in the round
- backs 83 venture-backed companies existing investor
- backs 16 venture-backed companies existing investor
- backs 20 venture-backed companies existing investor
- backs 8 venture-backed companies existing investor
- Incept LLC existing investor
Joined the board: Frank Yu (Ally Bridge Group) and Andrew Hack, M.D., Ph.D. (Bain Capital Life Sciences).
Use of proceeds
What the money is for
According to the announcement, the money goes to sales and marketing.
- Sales and marketing
Comparable rounds
How it compares
31 Series C rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $20M, and this round was 4.3 times the median. The closest in time, other companies' Series C rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| CMR Surgical Medical Supply Manufacturers | 2 Dec 2019 | $252M | not disclosed | not named |
| Medical Supply Manufacturers | 3 Dec 2019 | $27M | not disclosed | Ally Bridge Group |
| Medical Supply Manufacturers | 15 Jan 2020 | $23M | not disclosed | not named |
| Medical Supply Manufacturers | 3 Mar 2020 | $146M | not disclosed | Deerfield and Qiming US |
| Medical Supply Manufacturers | 5 Sep 2019 | $44M | not disclosed | EQT and Gimv |
| Medical Supply Manufacturers | 25 Sep 2019 | $20M | not disclosed | not named |
| Medical Supply Manufacturers | 29 Apr 2020 | $43M | not disclosed | MicroPort Scientific Corporation |
| Medical Supply Manufacturers | 29 Jul 2019 | $48M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Imperative Care raise in its Series C round?
Imperative Care raised $85M in its Series C round, announced in Dec 2019.
Who led Imperative Care's Series C round?
Ally Bridge Group and Bain Capital Life Sciences led it, with Ascension, Delos Capital, Rock Springs Capital, Sanzheng Health Investment and Incept LLC.
What was Imperative Care's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Medical Supply Manufacturers?
31 Series C rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $20M, and this round was 4.3 times the median.
Did Imperative Care raise again after this round?
Yes: a Series D round in Jul 2021 of $260M.