Funding round
OneStudyTeam Series D
OneStudyTeam, which works in clinical trial management software development in Boston, raised $220M in a Series D round announced on 21 Apr 2022, led by Altimeter and Coatue, at a $4.80B post-money valuation. 6 firms took part, 3 of them already investors. It is OneStudyTeam's fourth venture round on record; the one before was a Series C in Aug 2021.
$220M
Amount raised
$4.80B
Post-money valuation
6
Investors
2 leads
2.2x
Step-up from the Series C
$2.20B in Aug 2021
4.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced OneStudyTeam at $4.80B after the new money, 2.2 times the $2.20B of its Series C (Aug 2021). The $220M bought investors about 4.6% of the company. It came 8 months after OneStudyTeam's Series C. It is 46% of the $477M OneStudyTeam has raised in the venture rounds on record. No later venture round is on record for OneStudyTeam.
OneStudyTeam's funding rounds
OneStudyTeam has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Altimeter and Coatue led the round with 4 other firms. ICONIQ Growth, Adams Street Partners and Battery Ventures had backed OneStudyTeam before.
Lead investors
Also in the round
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- ICONIQ Growth existing investor
- Adams Street Partners backs 61 venture-backed companies 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 product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
203 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.2 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Biofourmis Tech Companies | 26 Apr 2022 | $300M | $1.30B | General Atlantic |
| Harness Tech Companies | 26 Apr 2022 | $175M | $3.70B | Norwest |
| Tech Companies | 5 Apr 2022 | $150M | $1.40B | SoftBank Vision Fund |
| Filevine Tech Companies | 14 Apr 2022 | $108M | not disclosed | StepStone Group |
| Tech Companies | 13 Apr 2022 | $100M | $2.60B | Goldman Sachs |
| Tech Companies | 7 Apr 2022 | $100M | $1.20B | Tiger Global and Insight Partners |
| Tech Companies | 28 Apr 2022 | $55M | $1.30B | Silver Lake Waterman |
| Tech Companies | 11 Apr 2022 | $16M | not disclosed | Legend Capital |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did OneStudyTeam raise in its Series D round?
OneStudyTeam raised $220M in its Series D round, announced in Apr 2022.
Who led OneStudyTeam's Series D round?
Altimeter and Coatue led it, with Dragoneer Investment Group, ICONIQ Growth, Adams Street Partners and Battery Ventures.
What was OneStudyTeam's valuation at the Series D round?
$4.80B post-money.
How does it compare with other Series D rounds in Tech Companies?
203 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.2 times the median.