Funding round
Imperative Care Series D
Imperative Care, which works in medical technology manufacturing in Campbell, raised $260M in a Series D round announced on 15 Jul 2021, led by D1 Capital Partners. 9 firms took part. It is Imperative Care's second venture round on record; the one before was a Series C in Dec 2019.
$260M
Amount raised
Not disclosed
Post-money valuation
9
Investors
1 lead
Valuation
What this round says about the price
Imperative Care did not disclose a valuation in this round. It came 19 months after Imperative Care's Series C. It is 53% of the $495M Imperative Care has raised in the venture rounds on record. Imperative Care raised again 36 months later: a Series E round of $150M in Jul 2024.
Imperative Care's funding rounds
Imperative Care has 3 venture rounds on record and 1 other deal. This one is highlighted.
- Series C 10 Dec 2019, led by Ally Bridge Group and Bain Capital Life Sciences $85M
- Series D this round 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
D1 Capital Partners led the round with 8 other firms.
Lead investor
- D1 Capital Partners new investor
Also in the round
- HealthCor Investments LLC new investor
- backs 8 venture-backed companies new investor
- backs 37 venture-backed companies new investor
- Bain Capital Life Sciences new investor
- backs 83 venture-backed companies new investor
- backs 16 venture-backed companies new investor
- backs 20 venture-backed companies new investor
- backs 12 venture-backed companies new investor
Joined the board: James Rogers (D1 Capital Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
19 Series D rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $37M, and this round was 7.0 times the median. The closest in time, other companies' Series D rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| CMR Surgical Medical Supply Manufacturers | 28 Jun 2021 | $600M | $3.00B | SoftBank Vision Fund and Ally Bridge Group |
| Medical Supply Manufacturers | 23 Jun 2021 | $245M | not disclosed | Glenview Capital and Novo Holdings |
| Medical Supply Manufacturers | 8 Jun 2021 | $150M | $1.00B | Casdin Capital |
| Medical Supply Manufacturers | 25 Aug 2021 | $28M | not disclosed | Bioventus Inc. |
| Medical Supply Manufacturers | 25 May 2021 | $55M | not disclosed | Matrix Capital Management and Undisclosed Strategic Investor |
| Medical Supply Manufacturers | 26 May 2021 | $16M | not disclosed | Qiming Venture Partners |
| Medical Supply Manufacturers | 12 Apr 2021 | $96M | not disclosed | Peregrine and Ceros |
| Medical Supply Manufacturers | 22 Apr 2021 | $46M | not disclosed | 清池资本 |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Imperative Care raise in its Series D round?
Imperative Care raised $260M in its Series D round, announced in Jul 2021.
Who led Imperative Care's Series D round?
D1 Capital Partners led it, with HealthCor Investments LLC, Innovatus Capital Partners, Ally Bridge Group, Bain Capital Life Sciences and Ascension and 3 more.
What was Imperative Care's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Medical Supply Manufacturers?
19 Series D rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $37M, and this round was 7.0 times the median.
Did Imperative Care raise again after this round?
Yes: a Series E round in Jul 2024 of $150M.