Funding round
Somatus Series B
Somatus, which works in value-based kidney care management in McLean, raised $11M in a Series B round announced on 11 Apr 2018, led by Flare Capital Partners. 4 firms took part. It is Somatus' first venture round on record.
$11M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Somatus did not disclose a valuation in this round. It is Somatus' first venture round on record, 2 years after it was founded in 2016. It is 2.4% of the $460M Somatus has raised in the venture rounds on record. Somatus raised again 26 months later: a Series C round of $64M in Jun 2020. Its next priced round, a Series E in Feb 2022, valued it at $2.50B.
Somatus' funding rounds
Somatus has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Flare Capital Partners led the round with 3 other firms.
Lead investor
- backs 48 venture-backed companies new investor
Also in the round
- backs 27 venture-backed companies new investor
- Inova Health System new investor
- backs 25 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
The closest in time, other companies' Series B rounds in Home Health Care:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Home Health Care | 4 Jul 2018 | $15M | not disclosed | Longitude Capital and Ulysses Diversified Holdings |
| Home Health Care | 17 Sep 2018 | $4.0M | not disclosed | not named |
| Home Health Care | 5 Apr 2017 | $21M | not disclosed | Mahindra Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Somatus raise in its Series B round?
Somatus raised $11M in its Series B round, announced in Apr 2018.
Who led Somatus' Series B round?
Flare Capital Partners led it, with Blue Venture Fund, Inova Health System and Town Hall Ventures.
What was Somatus' valuation at the Series B round?
It was not disclosed.
Did Somatus raise again after this round?
Yes: a Series C round in Jun 2020 of $64M.