Funding round
Ro Seed
Ro, which works in telehealth services in New York, raised $3.0M in a Seed round announced on 3 Aug 2017. 24 firms took part. It is Ro's first venture round on record.
$3.0M
Amount raised
Not disclosed
Post-money valuation
24
Investors
no lead named
Valuation
What this round says about the price
Ro did not disclose a valuation in this round. It is Ro's first venture round on record, in the year it was founded (2017). It is under 1% of the $1.03B Ro has raised in the venture rounds on record. Ro raised again 13 months later: a Series A round of $88M in Sep 2018. Its next priced round, a Series B in Apr 2019, valued it at $500M.
Ro's funding rounds
Ro has 6 venture rounds on record. This one is highlighted.
- Seed this round 3 Aug 2017 $3.0M
- Series A 19 Sep 2018, led by FirstMark $88M
- Series B 16 Apr 2019, led by FirstMark $85M$500M post-money
- Series C 27 Jul 2020, led by General Catalyst $200M$1.50B post-money
- Series D 23 Mar 2021, led by General Catalyst, FirstMark and TQ Ventures $500M$5.00B post-money
- Growth 15 Feb 2022, led by ShawSpring Partners $150M$7.00B post-money
Investors
Who put money in
24 firms took part; no lead investor was named.
Investors
- backs 19 venture-backed companies new investor
- Altimeter Capital Management LLC new investor
- BoxGroup backs 175 venture-backed companies new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- FirstMark backs 128 venture-backed companies new investor
- FirstMark backs 128 venture-backed companies new investor
- FirstMark backs 128 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
- backs 115 venture-backed companies new investor
- backs 115 venture-backed companies new investor
- backs 20 venture-backed companies new investor
- Seven Seven Six backs 90 venture-backed companies new investor
- new investor
- backs 121 venture-backed companies new investor
- Sinai Ventures new investor
- backs 133 venture-backed companies new investor
- backs 3 venture-backed companies new investor
- The Chernin Group new investor
- The Radcliff Companies new investor
- backs 34 venture-backed companies new investor
- backs 34 venture-backed companies new investor
- Torch Venture Capital new investor
- backs 71 venture-backed companies new investor
- backs 38 venture-backed companies new investor
Comparable rounds
How it compares
10 Seed rounds in Health Care Services within a year either side disclosed an amount; the median was $3.6M, and this round was 82% of the median. The closest in time, other companies' Seed rounds in Health Care Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Health Care Services | 14 Jul 2017 | $1.3M | not disclosed | not named |
| Health Care Services | 13 Jun 2017 | $3.2M | not disclosed | not named |
| Health Care Services | 31 May 2017 | $6.5M | not disclosed | Moor Davidow Ventures |
| Health Care Services | 9 Jan 2017 | $15M | not disclosed | Stellaris Venture Partners |
| Health Care Services | 20 Mar 2018 | $4.0M | not disclosed | Greycroft |
| Health Care Services | 4 Mar 2018 | $1.0M | not disclosed | not named |
| Sword Health Health Care Services | 16 Apr 2018 | $4.6M | not disclosed | Green Innovations and Vesalius Biocapital |
| Health Care Services | 17 Nov 2016 | $3.3M | not disclosed | Mangrove Capital Partners |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Ro raise in its Seed round?
Ro raised $3.0M in its Seed round, announced in Aug 2017.
Which investors took part in Ro's Seed round?
3L Growth Equity, Altimeter Capital Management LLC, BoxGroup, Dragoneer Investment Group, FirstMark and FirstMark and 18 more.
What was Ro's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Health Care Services?
10 Seed rounds in Health Care Services within a year either side disclosed an amount; the median was $3.6M, and this round was 82% of the median.
Did Ro raise again after this round?
Yes: a Series A round in Sep 2018 of $88M.