Funding round
Olive Series B
Olive, which works in healthcare revenue cycle automation solutions in United States, raised $15M in a Series B round announced on 13 Apr 2015. 11 firms took part, 1 of them already investors. It is Olive's first venture round on record.
$15M
Amount raised
Not disclosed
Post-money valuation
11
Investors
no lead named
Valuation
What this round says about the price
Olive did not disclose a valuation in this round. It is Olive's first venture round on record, 3 years after it was founded in 2012. It is 1.8% of the $813M Olive has raised in the venture rounds on record. Olive raised again 12 months later: a Series C round of $15M in Apr 2016. Its next priced round, a Growth in Dec 2020, valued it at $1.50B.
Olive's funding rounds
Olive has 6 venture rounds on record. This one is highlighted.
- Series B this round 13 Apr 2015 $15M
- Series C 1 Apr 2016 $15M
- Growth 31 Mar 2020, led by General Catalyst $51M
- Series F 18 Sep 2020, led by General Catalyst and Drive Capital $106M
- Growth 1 Dec 2020, led by Tiger Global $226M$1.50B post-money
- Series H+ 1 Jul 2021, led by Vista Equity Partners and Base10 Partners $400M$4.00B post-money
Investors
Who put money in
11 firms took part; no lead investor was named.
Investors
- backs 35 venture-backed companies existing investor
- Khosla Ventures backs 396 venture-backed companies new investor
- backs 41 venture-backed companies
- backs 14 venture-backed companies
- B Capital backs 156 venture-backed companies
- backs 23 venture-backed companies
- backs 133 venture-backed companies
- backs 3 venture-backed companies
- Sequoia Capital backs 589 venture-backed companies
- Thrive Capital backs 130 venture-backed companies
- Y Combinator backs 1,295 venture-backed companies
Comparable rounds
How it compares
215 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was close to the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Gusto Tech Companies | 10 Apr 2015 | $60M | $560M | CapitalG |
| Tech Companies | 27 Apr 2015 | $30M | not disclosed | Glynn Capital |
| Tech Companies | 16 Apr 2015 | $18M | not disclosed | Valar Ventures |
| Tech Companies | 16 Apr 2015 | $15M | not disclosed | Wing Venture Capital |
| Tech Companies | 28 Apr 2015 | $13M | not disclosed | Kaiser Permanente Ventures |
| Tech Companies | 21 Apr 2015 | $9.3M | not disclosed | Upfront Ventures |
| Tech Companies | 1 Apr 2015 | $5.0M | not disclosed | Baidu |
| Tech Companies | 1 Apr 2015 | $3.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Olive raise in its Series B round?
Olive raised $15M in its Series B round, announced in Apr 2015.
Which investors took part in Olive's Series B round?
Drive Capital, Khosla Ventures, ACME Capital, Adverb Ventures, B Capital and Bolt and 5 more.
What was Olive's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
215 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was close to the median.
Did Olive raise again after this round?
Yes: a Series C round in Apr 2016 of $15M.