Funding round
Olive Series C
Olive, which works in healthcare revenue cycle automation solutions in United States, raised $15M in a Series C round announced on 1 Apr 2016. 1 firm took part. It is Olive's second venture round on record; the one before was a Series B in Apr 2015.
$15M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Olive did not disclose a valuation in this round. It came 12 months after Olive's Series B. It is 1.8% of the $813M Olive has raised in the venture rounds on record. Olive raised again 47 months later: a Growth round of $51M in Mar 2020. 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 13 Apr 2015 $15M
- Series C this round 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
1 firm took part; no lead investor was named.
Investors
- backs 6 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
116 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $26M, and this round was 58% of the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 21 Apr 2016 | $50M | $600M | Spark Capital |
| Tech Companies | 21 Apr 2016 | $36M | not disclosed | REV Venture Partners and Caffeinated |
| Forter Tech Companies | 21 Apr 2016 | $32M | not disclosed | Scale Venture Partners |
| Tech Companies | 21 Apr 2016 | $30M | not disclosed | Institutional Venture Partners |
| Tech Companies | 19 Apr 2016 | $25M | not disclosed | SAB Capital Management |
| Tech Companies | 19 May 2016 | $50M | not disclosed | Insight Partners |
| ThoughtSpot Tech Companies | 19 May 2016 | $50M | not disclosed | General Catalyst |
| EGYM Tech Companies | 21 Mar 2016 | $45M | not disclosed | HPE Growth |
Questions
Frequently asked
How much did Olive raise in its Series C round?
Olive raised $15M in its Series C round, announced in Apr 2016.
Which investors took part in Olive's Series C round?
NCT Ventures.
What was Olive's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
116 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $26M, and this round was 58% of the median.
Did Olive raise again after this round?
Yes: a Growth round in Mar 2020 of $51M.