Funding round
Maven Clinic Series E
Maven Clinic, which works in digital health platform development in New York, raised $90M in a Series E round announced on 1 Oct 2022, led by General Catalyst, at a $1.35B post-money valuation. 4 firms took part. It is Maven Clinic's sixth venture round on record; the one before was a Series D in Aug 2021.
$90M
Amount raised
$1.35B
Post-money valuation
4
Investors
1 lead
1.4x
Step-up from the Series D
$1.00B in Aug 2021
6.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Maven Clinic at $1.35B after the new money, 1.4 times the $1.00B of its Series D (Aug 2021). The $90M bought investors about 6.7% of the company. It came 14 months after Maven Clinic's Series D. It is 22% of the $410M Maven Clinic has raised in the venture rounds on record. Maven Clinic raised again 24 months later: a Series F round of $125M in Oct 2024, at $1.70B post-money.
Maven Clinic's funding rounds
Maven Clinic has 7 venture rounds on record. This one is highlighted.
- Seed 9 Apr 2015 $2.2M
- Series A 12 Jul 2017, led by Spring Mountain Capital $11M
- Series B 26 Sep 2018, led by Sequoia Capital and Oak HC/FT $27M
- Series C 19 Feb 2020, led by Icon Ventures $45M
- Series D 17 Aug 2021, led by Dragoneer Investment Group and Lux Capital $110M$1.00B post-money
- Series E this round 1 Oct 2022, led by General Catalyst $90M$1.35B post-money
- Series F 8 Oct 2024, led by StepStone Group $125M$1.70B post-money
Investors
Who put money in
General Catalyst led the round with 3 other firms.
Lead investor
- General Catalyst backs 574 venture-backed companies
Also in the round
- Lux Capital backs 194 venture-backed companies
- Oak HC/FT backs 106 venture-backed companies
- Sequoia Capital backs 589 venture-backed companies
Comparable rounds
How it compares
The closest in time: 1 in Health Care Services, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aledade Health Care Services | 6 Jun 2022 | $123M | $3.10B | OMERS Private Equity |
| Form Energy Batteries | 4 Oct 2022 | $450M | not disclosed | TPG |
| Inari Biotechnology | 4 Oct 2022 | $124M | $1.50B | Canada Pension Plan Investment Board and Flagship Pioneering |
| Airwallex Payment Processing & Point of Sale | 10 Oct 2022 | $100M | $5.50B | not named |
| Property Management | 19 Oct 2022 | $98M | not disclosed | 83North |
| Tech Companies | 22 Oct 2022 | $75M | $867M | not named |
| Alan Insurance - Agents, Carriers & Brokers | 12 Oct 2022 | undisclosed | not disclosed | not named |
| Business Consulting | 6 Sep 2022 | $318M | not disclosed | THE FUND |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Maven Clinic raise in its Series E round?
Maven Clinic raised $90M in its Series E round, announced in Oct 2022.
Who led Maven Clinic's Series E round?
General Catalyst led it, with Lux Capital, Oak HC/FT and Sequoia Capital.
What was Maven Clinic's valuation at the Series E round?
$1.35B post-money.
Did Maven Clinic raise again after this round?
Yes: a Series F round in Oct 2024 of $125M at $1.70B post-money.