Funding round
OneStudyTeam Series C
OneStudyTeam, which works in clinical trial management software development in Boston, raised $220M in a Series C round announced on 11 Aug 2021, led by Coatue, at a $2.20B post-money valuation. 5 firms took part, 2 of them already investors. It is OneStudyTeam's third venture round on record; the one before was a Series B in Aug 2020.
$220M
Amount raised
$2.20B
Post-money valuation
5
Investors
1 lead
80x
Step-up from the Series A
$28M in Dec 2018
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced OneStudyTeam at $2.20B after the new money, 79.7 times the $28M of its Series A (Dec 2018). The $220M bought investors about 10% of the company. It came 12 months after OneStudyTeam's Series B. It is 46% of the $477M OneStudyTeam has raised in the venture rounds on record. OneStudyTeam raised again 8 months later: a Series D round of $220M in Apr 2022, at $4.80B post-money.
OneStudyTeam's funding rounds
OneStudyTeam has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Coatue led the round with 4 other firms. Sierra Ventures and Battery Ventures had backed OneStudyTeam before.
Lead investor
- Coatue backs 229 venture-backed companies new investor
Also in the round
- ICONIQ Capital new investor
- Adams Street Partners backs 61 venture-backed companies new investor
- Sierra Ventures existing investor
- Battery Ventures backs 215 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
494 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $62M, and this round was 3.5 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Ramp Tech Companies | 24 Aug 2021 | $300M | $3.90B | Founders Fund |
| Grafana Labs Tech Companies | 24 Aug 2021 | $220M | $3.00B | Sequoia Capital and Coatue |
| Cribl Tech Companies | 25 Aug 2021 | $200M | $1.50B | Greylock Partners and Redpoint Ventures |
| Tech Companies | 26 Aug 2021 | $100M | $1.00B | Headline |
| Tech Companies | 25 Aug 2021 | $100M | not disclosed | Honor Ventures |
| Tech Companies | 24 Aug 2021 | $100M | not disclosed | Highland Europe and Brookfield Technology Partners |
| Tech Companies | 10 Aug 2021 | $100M | $1.00B | Insight Partners |
| Tech Companies | 31 Aug 2021 | $75M | not disclosed | SoftBank Vision Fund |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did OneStudyTeam raise in its Series C round?
OneStudyTeam raised $220M in its Series C round, announced in Aug 2021.
Who led OneStudyTeam's Series C round?
Coatue led it, with ICONIQ Capital, Adams Street Partners, Sierra Ventures and Battery Ventures.
What was OneStudyTeam's valuation at the Series C round?
$2.20B post-money.
How does it compare with other Series C rounds in Tech Companies?
494 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $62M, and this round was 3.5 times the median.
Did OneStudyTeam raise again after this round?
Yes: a Series D round in Apr 2022 of $220M at $4.80B post-money.