Funding round
Innovaccer Series D
Innovaccer, which works in healthcare data integration and activation in San Francisco, raised $105M in a Series D round announced on 24 Feb 2021, led by Tiger Global Management, at a $1.30B post-money valuation. 13 firms took part. It is Innovaccer's sixth venture round on record; the one before was a Series C in Feb 2020.
$105M
Amount raised
$1.30B
Post-money valuation
13
Investors
1 lead
8.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Innovaccer at $1.30B after the new money. The $105M bought investors about 8.1% of the company. It came 12 months after Innovaccer's Series C. It is 16% of the $644M Innovaccer has raised in the venture rounds on record. Innovaccer raised again 10 months later: a Series E round of $150M in Dec 2021, at $3.20B post-money.
Innovaccer's funding rounds
Innovaccer has 8 venture rounds on record. This one is highlighted.
- Seed 1 Jan 2015 amount not disclosed
- Seed 13 May 2015 $3.0M
- Series A 10 Aug 2016, led by Westbridge Capital Partners $16M
- Series B 10 May 2018, led by WestBridge Capital $25M
- Series C 14 Feb 2020, led by Tiger Global and Steadview Capital $70M
- Series D this round 24 Feb 2021, led by Tiger Global Management $105M$1.30B post-money
- Series E 15 Dec 2021, led by Mubadala Capital $150M$3.20B post-money
- Series F 9 Jan 2025, led by B Capital $275M$3.45B post-money
Investors
Who put money in
Tiger Global Management led the round with 12 other firms.
Lead investor
- Tiger Global Management new investor
Also in the round
- backs 29 venture-backed companies new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- B Capital backs 156 venture-backed companies new investor
- Mubadala Capital backs 61 venture-backed companies new investor
- OMERS Growth Equity new investor
- M12 backs 141 venture-backed companies new investor
- Generation Investment Management new investor
- backs 12 venture-backed companies new investor
- Danaher Ventures LLC new investor
- Banner Health new investor
- Schonfeld new investor
- Whale Rock Capital Management new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
212 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was close to the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 8 Feb 2021 | $180M | $1.10B | Permira |
| Tech Companies | 8 Feb 2021 | $100M | $1.40B | Tiger Global |
| Tech Companies | 16 Feb 2021 | $100M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 25 Feb 2021 | $100M | $1.00B | Franklin Templeton and Technology Crossover Ventures |
| Tech Companies | 3 Feb 2021 | $95M | $945M | Composite Capital and Moore Strategic Ventures |
| Tech Companies | 26 Feb 2021 | $75M | not disclosed | General Catalyst |
| Tech Companies | 21 Feb 2021 | $75M | $1.00B | Insight Partners |
| Tech Companies | 18 Feb 2021 | $60M | $1.00B | Accel |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Innovaccer raise in its Series D round?
Innovaccer raised $105M in its Series D round, announced in Feb 2021.
Who led Innovaccer's Series D round?
Tiger Global Management led it, with Steadview Capital, Dragoneer Investment Group, B Capital, Mubadala Capital and OMERS Growth Equity and 7 more.
What was Innovaccer's valuation at the Series D round?
$1.30B post-money.
How does it compare with other Series D rounds in Tech Companies?
212 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was close to the median.
Did Innovaccer raise again after this round?
Yes: a Series E round in Dec 2021 of $150M at $3.20B post-money.