Funding round
Medable Series D
Medable, which works in decentralized clinical trial platform development in Palo Alto, raised $304M in a Series D round announced on 27 Oct 2021, led by Blackstone and Tiger Global, at a $2.10B post-money valuation. 5 firms took part. It is Medable's fifth venture round on record; the one before was a Growth in Apr 2021.
$304M
Amount raised
$2.10B
Post-money valuation
5
Investors
2 leads
14%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Medable at $2.10B after the new money. The $304M bought investors about 14% of the company. It came 6 months after Medable's Growth. It is 61% of the $498M Medable has raised in the venture rounds on record. No later venture round is on record for Medable.
Medable's funding rounds
Medable has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Blackstone and Tiger Global led the round with 3 other firms.
Lead investors
- Blackstone backs 83 venture-backed companies
- Tiger Global
Also in the round
- GSR Ventures
- Sapphire Ventures backs 148 venture-backed companies
- backs 83 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
237 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 3.0 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dutchie Tech Companies | 14 Oct 2021 | $350M | $3.75B | D1 Capital Partners |
| Tekion Tech Companies | 5 Oct 2021 | $250M | $3.50B | Alkeon and Durable Capital Partners |
| Tech Companies | 28 Oct 2021 | $200M | $1.70B | Koch Disruptive Technologies and BlackRock |
| Tech Companies | 15 Oct 2021 | $200M | not disclosed | Lead Edge Capital |
| Tech Companies | 11 Oct 2021 | $200M | $1.00B | SoftBank Group |
| Tech Companies | 26 Oct 2021 | $115M | $500M | Sofina and Lightrock |
| Tech Companies | 1 Oct 2021 | $100M | not disclosed | not named |
| Tech Companies | 27 Oct 2021 | $45M | not disclosed | Healthworx and Panoramic Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Medable raise in its Series D round?
Medable raised $304M in its Series D round, announced in Oct 2021.
Who led Medable's Series D round?
Blackstone and Tiger Global led it, with GSR Ventures, Sapphire Ventures and Western Technology Investment.
What was Medable's valuation at the Series D round?
$2.10B post-money.
How does it compare with other Series D rounds in Tech Companies?
237 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 3.0 times the median.