Funding round
Transcarent Series A
Transcarent, which works in health and care platform development in Denver, raised $40M in a Series A round announced on 22 Oct 2020, led by General Catalyst. 3 firms took part. It is Transcarent's first venture round on record.
$40M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Transcarent did not disclose a valuation in this round. It is Transcarent's first venture round on record, in the year it was founded (2020). It is 9.4% of the $424M Transcarent has raised in the venture rounds on record. Transcarent raised again 8 months later: a Series B round of $58M in Jun 2021, at $500M post-money.
Transcarent's funding rounds
Transcarent has 4 venture rounds on record. This one is highlighted.
- Series A this round 22 Oct 2020, led by General Catalyst $40M
- Series B 10 Jun 2021, led by General Catalyst and 7wire Ventures $58M$500M post-money
- Series C 11 Jan 2022, led by Kinnevik and Human Capital $200M$1.62B post-money
- Series D 2 May 2024, led by General Catalyst and 7wire Ventures $126M$2.20B post-money
Investors
Who put money in
General Catalyst led the round with 2 other firms.
Lead investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- backs 27 venture-backed companies new investor
- backs 18 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to acquisitions.
- Acquisitions
Comparable rounds
How it compares
29 Series A rounds in Health Care Services within a year either side disclosed an amount; the median was $8.0M, and this round was 5.0 times the median. The closest in time, other companies' Series A rounds in Health Care Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Health Care Services | 30 Sep 2020 | $4.3M | not disclosed | Cogito Capital |
| Health Care Services | 1 Nov 2020 | $2.5M | not disclosed | not named |
| Health Care Services | 1 Dec 2020 | $48M | not disclosed | not named |
| Health Care Services | 7 Jan 2021 | $40M | not disclosed | Tiger Global |
| Health Care Services | 20 Jan 2021 | $17M | not disclosed | KittyHawk Ventures |
| Health Care Services | 16 Jul 2020 | $15M | not disclosed | Creandum and Highland Europe |
| Health Care Services | 1 Feb 2021 | $25M | not disclosed | Bessemer Venture Partners |
| Health Care Services | 2 Feb 2021 | $14M | not disclosed | Craft Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Transcarent raise in its Series A round?
Transcarent raised $40M in its Series A round, announced in Oct 2020.
Who led Transcarent's Series A round?
General Catalyst led it, with 7wire Ventures and Alta Partners.
What was Transcarent's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Health Care Services?
29 Series A rounds in Health Care Services within a year either side disclosed an amount; the median was $8.0M, and this round was 5.0 times the median.
Did Transcarent raise again after this round?
Yes: a Series B round in Jun 2021 of $58M at $500M post-money.