Funding round
Innovaccer Series F
Innovaccer, which works in healthcare data integration and activation in San Francisco, raised $275M in a Series F round announced on 9 Jan 2025, led by B Capital, at a $3.45B post-money valuation. 14 firms took part. It is Innovaccer's eighth venture round on record; the one before was a Series E in Dec 2021.
$275M
Amount raised
$3.45B
Post-money valuation
$3.17B pre-money
14
Investors
1 lead
1.1x
Step-up from the Series E
$3.20B in Dec 2021
8.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Innovaccer at $3.45B after the new money, 1.1 times the $3.20B of its Series E (Dec 2021). The $275M bought investors about 8.0% of the company. It came 37 months after Innovaccer's Series E. It is 43% of the $644M Innovaccer has raised in the venture rounds on record. No later venture round is on record for Innovaccer.
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 15 Dec 2021, led by Mubadala Capital $150M$3.20B post-money
- Series F this round 9 Jan 2025, led by B Capital $275M$3.45B post-money
Investors
Who put money in
B Capital led the round with 13 other firms.
Lead investor
- B Capital backs 156 venture-backed companies new investor
Also in the round
- M12 backs 141 venture-backed companies new investor
- Tiger Global backs 391 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
- Mubadala backs 42 venture-backed companies new investor
- OMERS new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- backs 29 venture-backed companies new investor
- Avidity Partners new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
24 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 1.8 times the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 19 Feb 2025 | $75M | $1.00B | Lightrock |
| Tech Companies | 5 Feb 2025 | $65M | not disclosed | McVaney Investment Partnership |
| Quantexa Tech Companies | 5 Mar 2025 | $175M | $2.60B | Ontario Teachers’ Pension Plan |
| Tech Companies | 1 Nov 2024 | $25M | not disclosed | not named |
| Job&Talent Tech Companies | 10 Apr 2025 | $103M | $1.50B | not named |
| Tech Companies | 10 Oct 2024 | $100M | not disclosed | Georgian |
| Tech Companies | 27 Sep 2024 | $90M | $1.46B | not named |
| Applied Intuition Tech Companies | 17 Jun 2025 | $600M | $15.00B | BlackRock and Kleiner Perkins |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Innovaccer raise in its Series F round?
Innovaccer raised $275M in its Series F round, announced in Jan 2025.
Who led Innovaccer's Series F round?
B Capital led it, with M12, Tiger Global, Generation Investment Management, Kaiser Permanente Ventures and Danaher Ventures LLC and 8 more.
What was Innovaccer's valuation at the Series F round?
$3.45B post-money ($3.17B pre-money).
How does it compare with other Series F rounds in Tech Companies?
24 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 1.8 times the median.