Funding round
OneStudyTeam Series B
OneStudyTeam, which works in clinical trial management software development in Boston, raised $30M in a Series B round announced on 12 Aug 2020, led by Battery Ventures. 3 firms took part. It is OneStudyTeam's second venture round on record; the one before was a Series A in Dec 2018.
$30M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
OneStudyTeam did not disclose a valuation in this round; its last disclosed one was $28M at the Series A (Dec 2018). It came 20 months after OneStudyTeam's Series A. It is 6.3% of the $477M OneStudyTeam has raised in the venture rounds on record. OneStudyTeam raised again 12 months later: a Series C round of $220M in Aug 2021, at $2.20B post-money.
OneStudyTeam's funding rounds
OneStudyTeam has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Battery Ventures led the round with 2 other firms.
Lead investor
- Battery Ventures backs 215 venture-backed companies new investor
Also in the round
- Sierra Ventures new investor
- backs 17 venture-backed companies new investor
Joined the board: Neeraj Agrawal (Battery Ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing and scaling operations.
- Product development
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
682 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $27M, 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 |
|---|---|---|---|---|
| Rippling Tech Companies | 4 Aug 2020 | $145M | $1.35B | Founders Fund |
| Tech Companies | 14 Aug 2020 | $120M | $3.00B | Vulcan Capital |
| Tech Companies | 25 Aug 2020 | $118M | not disclosed | Insight Partners |
| Grafana Labs Tech Companies | 17 Aug 2020 | $50M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 11 Aug 2020 | $40M | $160M | Insight Partners |
| Dutchie Tech Companies | 18 Aug 2020 | $35M | not disclosed | Thrive Capital |
| Tech Companies | 4 Aug 2020 | $30M | not disclosed | Aspect Ventures |
| Tech Companies | 19 Aug 2020 | $29M | not disclosed | Highland Europe |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did OneStudyTeam raise in its Series B round?
OneStudyTeam raised $30M in its Series B round, announced in Aug 2020.
Who led OneStudyTeam's Series B round?
Battery Ventures led it, with Sierra Ventures and Asset Management Ventures.
What was OneStudyTeam's valuation at the Series B round?
It was not disclosed; its last disclosed one was $28M at the Series A (Dec 2018).
How does it compare with other Series B rounds in Tech Companies?
682 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $27M, and this round was close to the median.
Did OneStudyTeam raise again after this round?
Yes: a Series C round in Aug 2021 of $220M at $2.20B post-money.