Funding round
Innovaccer Series E
Innovaccer, which works in healthcare data integration and activation in San Francisco, raised $150M in a Series E round announced on 15 Dec 2021, led by Mubadala Capital, at a $3.20B post-money valuation. 10 firms took part. It is Innovaccer's seventh venture round on record; the one before was a Series D in Feb 2021.
$150M
Amount raised
$3.20B
Post-money valuation
$3.05B pre-money
10
Investors
1 lead
2.5x
Step-up from the Series D
$1.30B in Feb 2021
4.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Innovaccer at $3.20B after the new money, 2.5 times the $1.30B of its Series D (Feb 2021). The $150M bought investors about 4.7% of the company. It came 10 months after Innovaccer's Series D. It is 23% of the $644M Innovaccer has raised in the venture rounds on record. Innovaccer raised again 37 months later: a Series F round of $275M in Jan 2025, at $3.45B 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 24 Feb 2021, led by Tiger Global Management $105M$1.30B post-money
- Series E this round 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
Mubadala Capital led the round with 9 other firms.
Lead investor
- Mubadala Capital backs 61 venture-backed companies new investor
Also in the round
- B Capital backs 156 venture-backed companies new investor
- M12 backs 141 venture-backed companies new investor
- backs 12 venture-backed companies new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- backs 29 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies new investor
- Whale Rock Capital Management new investor
- Avidity Partners new investor
- Schonfeld Strategic Advisors new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
108 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was close to the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Job&Talent Tech Companies | 1 Dec 2021 | $500M | $2.35B | Kinnevik |
| Claroty Tech Companies | 8 Dec 2021 | $400M | not disclosed | SoftBank Vision Fund and Bessemer Venture Partners |
| Rokt Tech Companies | 16 Dec 2021 | $325M | $1.95B | Tiger Global |
| Tech Companies | 15 Dec 2021 | $186M | $1.50B | Wellington Management |
| Tech Companies | 22 Dec 2021 | $100M | not disclosed | Global Founders Capital and Tiger Global |
| Tech Companies | 24 Dec 2021 | $26M | not disclosed | not named |
| Socure Tech Companies | 9 Nov 2021 | $450M | $4.50B | Accel and T. Rowe Price |
| PayFit Tech Companies | 6 Jan 2022 | $287M | $2.10B | General Atlantic |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Innovaccer raise in its Series E round?
Innovaccer raised $150M in its Series E round, announced in Dec 2021.
Who led Innovaccer's Series E round?
Mubadala Capital led it, with B Capital, M12, OMERS Private Equity, Dragoneer Investment Group and Steadview Capital and 4 more.
What was Innovaccer's valuation at the Series E round?
$3.20B post-money ($3.05B pre-money).
How does it compare with other Series E rounds in Tech Companies?
108 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was close to the median.
Did Innovaccer raise again after this round?
Yes: a Series F round in Jan 2025 of $275M at $3.45B post-money.