Funding round
Verily Growth
Reported as "Growth Equity"
Verily, which works in precision health AI platform development in Dallas, raised $700M in a Growth round announced on 17 Dec 2020. 4 firms took part, 4 of them already investors. It is Verily's second venture round on record; the one before was a Growth in Jan 2019.
$700M
Amount raised
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
Verily did not disclose a valuation in this round. It came 23 months after Verily's Growth. It is 23% of the $3.00B Verily has raised in the venture rounds on record. Verily raised again 21 months later: a Growth round of $1.00B in Sep 2022.
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- Alphabet existing investor
- Silver Lake backs 44 venture-backed companies existing investor
- Temasek backs 195 venture-backed companies existing investor
- Ontario Teachers’ Pension Plan backs 35 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
347 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was 14 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Olive Tech Companies | 1 Dec 2020 | $226M | $1.50B | Tiger Global |
| Tech Companies | 31 Dec 2020 | $100M | not disclosed | not named |
| Tech Companies | 16 Dec 2020 | $60M | not disclosed | Silversmith Capital Partners |
| Tech Companies | 10 Dec 2020 | $56M | not disclosed | not named |
| Tech Companies | 7 Dec 2020 | $50M | $575M | Lead Edge Capital |
| Tech Companies | 9 Dec 2020 | $37M | not disclosed | Zeev Ventures |
| Tech Companies | 8 Dec 2020 | $32M | not disclosed | Riverwood Capital |
| Tech Companies | 1 Dec 2020 | $30M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Verily raise in its Growth round?
Verily raised $700M in its Growth round, announced in Dec 2020.
Which investors took part in Verily's Growth round?
Alphabet, Silver Lake, Temasek and Ontario Teachers’ Pension Plan.
What was Verily's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
347 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was 14 times the median.
Did Verily raise again after this round?
Yes: a Growth round in Sep 2022 of $1.00B.