Funding round
OpenEvidence Series C
OpenEvidence, which works in medical information search engine development in Miami, raised $200M in a Series C round announced on 20 Oct 2025, led by GV, at a $6.00B post-money valuation. 8 firms took part. It is OpenEvidence's third venture round on record; the one before was a Series B in Jul 2025.
$200M
Amount raised
$6.00B
Post-money valuation
$5.80B pre-money
8
Investors
1 lead
1.7x
Step-up from the Series B
$3.50B in Jul 2025
3.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced OpenEvidence at $6.00B after the new money, 1.7 times the $3.50B of its Series B (Jul 2025). The $200M bought investors about 3.3% of the company. It came 3 months after OpenEvidence's Series B. It is 27% of the $735M OpenEvidence has raised in the venture rounds on record. OpenEvidence raised again 6 months later: a Series D round of $250M in Apr 2026, at $12.00B post-money.
OpenEvidence's funding rounds
OpenEvidence has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
GV led the round with 7 other firms.
Lead investor
- GV backs 428 venture-backed companies new investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies new investor
- Kleiner Perkins backs 285 venture-backed companies new investor
- Thrive Capital backs 130 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
- Blackstone backs 83 venture-backed companies new investor
- BOND backs 91 venture-backed companies new investor
- Craft Ventures backs 197 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
267 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 3.3 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Fireworks AI Tech Companies | 28 Oct 2025 | $250M | $4.00B | Lightspeed Venture Partners and Index Ventures |
| Tech Companies | 9 Oct 2025 | $180M | $2.50B | Accel |
| Tech Companies | 14 Oct 2025 | $165M | not disclosed | Eurazeo |
| Legora Tech Companies | 30 Oct 2025 | $150M | $1.80B | Bessemer Venture Partners |
| Tech Companies | 28 Oct 2025 | $150M | $926M | Georgian |
| Tech Companies | 22 Oct 2025 | $70M | $1.50B | Avenir |
| Tech Companies | 14 Oct 2025 | $58M | not disclosed | not named |
| Tech Companies | 20 Oct 2025 | $55M | $525M | Spark Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did OpenEvidence raise in its Series C round?
OpenEvidence raised $200M in its Series C round, announced in Oct 2025.
Who led OpenEvidence's Series C round?
GV led it, with Sequoia Capital, Kleiner Perkins, Thrive Capital, Coatue and Blackstone and 2 more.
What was OpenEvidence's valuation at the Series C round?
$6.00B post-money ($5.80B pre-money).
How does it compare with other Series C rounds in Tech Companies?
267 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 3.3 times the median.
Did OpenEvidence raise again after this round?
Yes: a Series D round in Apr 2026 of $250M at $12.00B post-money.