Funding round
Somatus Series E
Somatus, which works in value-based kidney care management in McLean, raised $325M in a Series E round announced on 23 Feb 2022, led by Wellington Management Company, at a $2.50B post-money valuation. 11 firms took part. It is Somatus' fourth venture round on record; the one before was a Series D in Jun 2021.
$325M
Amount raised
$2.50B
Post-money valuation
$2.17B pre-money
11
Investors
1 lead
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Somatus at $2.50B after the new money. The $325M bought investors about 13% of the company. It came 8 months after Somatus' Series D. It is 71% of the $460M Somatus has raised in the venture rounds on record. No later venture round is on record for Somatus.
Somatus' funding rounds
Somatus has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Wellington Management Company led the round with 10 other firms.
Lead investor
- Wellington Management Company new investor
Also in the round
- backs 109 venture-backed companies new investor
- GIC backs 98 venture-backed companies new investor
- Fidelity Management & Research Company new investor
- backs 10 venture-backed companies new investor
- backs 46 venture-backed companies new investor
- Inova Health System new investor
- backs 27 venture-backed companies new investor
- backs 24 venture-backed companies new investor
- backs 59 venture-backed companies new investor
- backs 48 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: 1 in Home Health Care, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Honor Home Health Care | 5 Oct 2021 | $70M | $1.25B | Baillie Gifford |
| Flexport Trucking and Logistics | 7 Feb 2022 | $935M | $8.00B | Andreessen Horowitz and BDT & MSD Partners |
| Weee! Groceries | 28 Feb 2022 | $425M | $4.10B | SoftBank Vision Fund |
| Uniphore Tech Companies | 16 Feb 2022 | $400M | $2.50B | New Enterprise Associates |
| ElasticRun Warehousing & Storage | 17 Feb 2022 | $330M | $1.50B | SoftBank Vision Fund and Goldman Sachs Asset Management |
| Synthego Pharmaceutical Products | 17 Feb 2022 | $200M | not disclosed | Perceptive Advisors |
| General Retail & Merchandise | 17 Feb 2022 | $45M | $1.70B | Abu Dhabi Investment Authority |
| Groceries Delivery | 17 Mar 2022 | $768M | $11.80B | Mubadala |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Somatus raise in its Series E round?
Somatus raised $325M in its Series E round, announced in Feb 2022.
Who led Somatus' Series E round?
Wellington Management Company led it, with RA Capital, GIC, Fidelity Management & Research Company, Anthem Venture Partners and Optum Ventures and 5 more.
What was Somatus' valuation at the Series E round?
$2.50B post-money ($2.17B pre-money).