Funding round
Monogram Health Series B
Monogram Health, which works in specialty chronic condition care delivery in Brentwood, raised $160M in a Series B round announced on 8 Jun 2021, led by TPG. 4 firms took part, 3 of them already investors. It is Monogram Health's second venture round on record; the one before was a Series A in May 2020.
$160M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Monogram Health did not disclose a valuation in this round. It came 13 months after Monogram Health's Series A. It is 30% of the $542M Monogram Health has raised in the venture rounds on record. Monogram Health raised again 19 months later: a Growth round of $375M in Jan 2023.
Investors
Who put money in
TPG led the round with 3 other firms. TPG, Frist Cressey Ventures and Norwest had backed Monogram Health before.
Lead investor
- TPG backs 114 venture-backed companies existing investor
Also in the round
- backs 24 venture-backed companies existing investor
- Norwest backs 215 venture-backed companies existing investor
- Humana Inc. new investor
Joined the board: Todd Sisitsky (TPG Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
8 Series B rounds in Home Health Care within a year either side disclosed an amount; the median was $19M, and this round was 8.4 times the median. The closest in time, other companies' Series B rounds in Home Health Care:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Home Health Care | 22 Jun 2021 | $14M | not disclosed | New Enterprise Associates |
| Home Health Care | 21 Apr 2021 | $20M | $120M | Valor Capital Group |
| Home Health Care | 13 Oct 2021 | $20M | not disclosed | Virgo VC and UCare |
| Home Health Care | 12 Jan 2022 | $13M | not disclosed | Trust Ventures |
| Home Health Care | 3 Feb 2022 | $105M | not disclosed | Wells Fargo Strategic Capital |
| Home Health Care | 22 Sep 2020 | $18M | not disclosed | Comcast Ventures |
| Home Health Care | 25 May 2022 | $32M | not disclosed | CREADEV |
| Home Health Care | 1 Jun 2022 | $5.3M | not disclosed | Mundi Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Monogram Health raise in its Series B round?
Monogram Health raised $160M in its Series B round, announced in Jun 2021.
Who led Monogram Health's Series B round?
TPG led it, with Frist Cressey Ventures, Norwest and Humana Inc..
What was Monogram Health's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Home Health Care?
8 Series B rounds in Home Health Care within a year either side disclosed an amount; the median was $19M, and this round was 8.4 times the median.
Did Monogram Health raise again after this round?
Yes: a Growth round in Jan 2023 of $375M.