Funding round
Somatus Series D
Somatus, which works in value-based kidney care management in McLean, raised $60M in a Series D round announced on 16 Jun 2021. 1 firm took part. It is Somatus' third venture round on record; the one before was a Series C in Jun 2020.
$60M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Somatus did not disclose a valuation in this round. It came 12 months after Somatus' Series C. It is 13% of the $460M Somatus has raised in the venture rounds on record. Somatus raised again 8 months later: a Series E round of $325M in Feb 2022, at $2.50B post-money.
Somatus' funding rounds
Somatus has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- backs 10 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Home Health Care:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| DispatchHealth Home Health Care | 3 Mar 2021 | $200M | $1.70B | Tiger Global |
| Home Health Care | 4 Nov 2021 | $150M | $1.40B | SoftBank Vision Fund |
| Honor Home Health Care | 27 Oct 2020 | $140M | not disclosed | Baillie Gifford and T. Rowe Price Associates, Inc. |
Questions
Frequently asked
How much did Somatus raise in its Series D round?
Somatus raised $60M in its Series D round, announced in Jun 2021.
Which investors took part in Somatus' Series D round?
Anthem Venture Partners.
What was Somatus' valuation at the Series D round?
It was not disclosed.
Did Somatus raise again after this round?
Yes: a Series E round in Feb 2022 of $325M at $2.50B post-money.