Funding round
Imperative Care Series E
Imperative Care, which works in medical technology manufacturing in Campbell, raised $150M in a Series E round announced on 25 Jul 2024, led by Ally Bridge Group. 11 firms took part, 7 of them already investors. It is Imperative Care's third venture round on record; the one before was a Series D in Jul 2021.
$150M
Amount raised
Not disclosed
Post-money valuation
11
Investors
1 lead
Valuation
What this round says about the price
Imperative Care did not disclose a valuation in this round. It came 36 months after Imperative Care's Series D. It is 30% of the $495M Imperative Care has raised in the venture rounds on record. No later venture round is on record for Imperative Care.
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 15 Jul 2021, led by D1 Capital Partners $260M
- Series E this round 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 led the round with 10 other firms. Ally Bridge Group, D1 Capital Partners, Amed Ventures and Bain Capital Life Sciences and 3 more had backed Imperative Care before.
Lead investor
- backs 37 venture-backed companies existing investor
Also in the round
- D1 Capital Partners existing investor
- backs 12 venture-backed companies existing investor
- Bain Capital Life Sciences existing investor
- backs 20 venture-backed companies existing investor
- backs 8 venture-backed companies existing investor
- backs 8 venture-backed companies existing investor
- backs 57 venture-backed companies new investor
- HealthCor Family Office new investor
- backs 5 venture-backed companies new investor
- INTAI Technology Corp. new investor
Joined the board: Shacey Petrovic.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
9 Series E rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $69M, and this round was 2.2 times the median. The closest in time, other companies' Series E rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 8 Nov 2024 | $78M | not disclosed | Qingdao Baheal Medical Inc. |
| Medical Supply Manufacturers | 18 Nov 2024 | $60M | not disclosed | Novo Holdings and Glenview Capital |
| Medical Supply Manufacturers | 5 Feb 2024 | $58M | not disclosed | Fannin Partners |
| Medical Supply Manufacturers | 20 Dec 2024 | $28M | $390M | not named |
| Medical Supply Manufacturers | 31 Dec 2023 | $85M | not disclosed | Novo Holdings |
| Medical Supply Manufacturers | 1 Feb 2025 | $69M | not disclosed | Social Security Fund Zhongguancun Independent Innovation Fund |
| Medical Supply Manufacturers | 26 Mar 2025 | $120M | not disclosed | Novo Holdings and Qatar Investment Authority |
| Medical Supply Manufacturers | 20 Mar 2025 | $53M | not disclosed | Ally Bridge Group |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Imperative Care raise in its Series E round?
Imperative Care raised $150M in its Series E round, announced in Jul 2024.
Who led Imperative Care's Series E round?
Ally Bridge Group led it, with D1 Capital Partners, Amed Ventures, Bain Capital Life Sciences, Rock Springs Capital and Innovatus Capital Partners and 5 more.
What was Imperative Care's valuation at the Series E round?
It was not disclosed.
How does it compare with other Series E rounds in Medical Supply Manufacturers?
9 Series E rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $69M, and this round was 2.2 times the median.