Funding round
Truveta Series A
Truveta, which works in electronic health record data distribution in Bellevue, raised $95M in a Series A round announced on 13 Jul 2021. 17 firms took part, 17 of them already investors. It is Truveta's first venture round on record.
$95M
Amount raised
Not disclosed
Post-money valuation
17
Investors
no lead named
Valuation
What this round says about the price
Truveta did not disclose a valuation in this round. It is Truveta's first venture round on record, 1 year after it was founded in 2020. It is 23% of the $415M Truveta has raised in the venture rounds on record. Truveta raised again 42 months later: a Series C round of $320M in Jan 2025, at $1.00B post-money.
Truveta's funding rounds
Truveta has 2 venture rounds on record. This one is highlighted.
- Series A this round 13 Jul 2021 $95M
- Series C 13 Jan 2025 $320M$1.00B post-money
Investors
Who put money in
17 firms took part; no lead investor was named.
Investors
- Baylor Scott & White Health existing investor
- MedStar Health existing investor
- Texas Health Resources existing investor
- backs 10 venture-backed companies existing investor
- Advocate Aurora Health existing investor
- backs 24 venture-backed companies existing investor
- Tenet Healthcare existing investor
- Northwell Health existing investor
- Advent International backs 36 venture-backed companies existing investor
- Baptist Health of Northeast Florida existing investor
- Bon Secours Mercy Health existing investor
- CommonSpirit Health existing investor
- Hawaii Pacific Health existing investor
- Henry Ford Health System existing investor
- Memorial Hermann Health System existing investor
- Novant Health existing investor
- Sentara Healthcare existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,805 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 7.9 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Articulate Tech Companies | 1 Jul 2021 | $1.50B | $3.75B | General Atlantic |
| Entrata Tech Companies | 7 Jul 2021 | $507M | not disclosed | Silver Lake |
| bolttech Tech Companies | 1 Jul 2021 | $180M | $1.00B | Activant |
| Tech Companies | 27 Jul 2021 | $165M | not disclosed | Sequoia Capital |
| Tech Companies | 7 Jul 2021 | $100M | not disclosed | FTV Management Company |
| Tech Companies | 5 Jul 2021 | $40M | not disclosed | RMBV |
| Tech Companies | 21 Jul 2021 | $35M | not disclosed | Translink Capital |
| Tech Companies | 21 Jul 2021 | $30M | not disclosed | Insight Partners |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Truveta raise in its Series A round?
Truveta raised $95M in its Series A round, announced in Jul 2021.
Which investors took part in Truveta's Series A round?
Baylor Scott & White Health, MedStar Health, Texas Health Resources, Providence Equity, Advocate Aurora Health and Trinity Capital and 11 more.
What was Truveta's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,805 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 7.9 times the median.
Did Truveta raise again after this round?
Yes: a Series C round in Jan 2025 of $320M at $1.00B post-money.