Funding round
Strive Health Series B
Strive Health, which works in value-based kidney care solutions in Denver, raised $140M in a Series B round announced on 16 Mar 2021, led by CapitalG. 6 firms took part. It is Strive Health's first venture round on record.
$140M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Strive Health did not disclose a valuation in this round. It is Strive Health's first venture round on record, 3 years after it was founded in 2018. It is 16% of the $856M Strive Health has raised in the venture rounds on record. Strive Health raised again 26 months later: a Series C round of $166M in May 2023. Its next priced round, a Series D in Sep 2025, valued it at $1.80B.
Strive Health's funding rounds
Strive Health has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
CapitalG led the round with 5 other firms.
Lead investor
- CapitalG backs 70 venture-backed companies new investor
Also in the round
- Redpoint Ventures backs 194 venture-backed companies new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- backs 83 venture-backed companies 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 geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
30 Series B rounds in Health Care Services within a year either side disclosed an amount; the median was $26M, and this round was 5.4 times the median. The closest in time, other companies' Series B rounds in Health Care Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Health Care Services | 30 Mar 2021 | $25M | not disclosed | Lux Capital |
| Health Care Services | 2 Feb 2021 | $50M | not disclosed | Transformation Capital |
| Health Care Services | 26 Apr 2021 | $46M | not disclosed | not named |
| Health Care Services | 2 Feb 2021 | $40M | not disclosed | InvAscent |
| Sword Health Health Care Services | 1 Feb 2021 | $25M | not disclosed | Transformation Capital |
| Health Care Services | 22 Apr 2021 | $21M | not disclosed | Sator Grove |
| Health Care Services | 7 Jan 2021 | $23M | not disclosed | Bessemer Venture Partners |
| Transcarent Health Care Services | 10 Jun 2021 | $58M | $500M | General Catalyst and 7wire Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Strive Health raise in its Series B round?
Strive Health raised $140M in its Series B round, announced in Mar 2021.
Who led Strive Health's Series B round?
CapitalG led it, with Redpoint Ventures, New Enterprise Associates, Town Hall Ventures, Ascension and Echo Health Ventures.
What was Strive Health's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Health Care Services?
30 Series B rounds in Health Care Services within a year either side disclosed an amount; the median was $26M, and this round was 5.4 times the median.
Did Strive Health raise again after this round?
Yes: a Series C round in May 2023 of $166M.