Funding round
VillageMD Growth
Reported as "Growth Equity"
VillageMD, which works in primary care services in United States, raised $275M in a Growth round announced on 8 Jul 2020, led by Walgreens Boots Alliance. 2 firms took part, 2 of them already investors, with 1 individual investor. It is VillageMD's fourth venture round on record; the one before was a Series B in Sep 2019.
$275M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
VillageMD did not disclose a valuation in this round. It came 10 months after VillageMD's Series B. It is 56% of the $491M VillageMD has raised in the venture rounds on record. No later venture round is on record for VillageMD.
VillageMD's funding rounds
VillageMD has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Walgreens Boots Alliance led the round with 1 other firm. Walgreens Boots Alliance and Kinnevik had backed VillageMD before.
Lead investor
- Walgreens Boots Alliance existing investor
Also in the round
- Kinnevik backs 55 venture-backed companies existing investor
Individual investors: georgi ganev.
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Clinics - Surgeons & Physicians:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Clinics - Surgeons & Physicians | 8 Apr 2020 | $80M | not disclosed | Webster Equity Partners |
| Clinics - Surgeons & Physicians | 10 Mar 2021 | $16M | not disclosed | not named |
| Clinics - Surgeons & Physicians | 7 Oct 2019 | $40M | not disclosed | BUILD Capital Partners |
| Clinics - Surgeons & Physicians | 12 May 2021 | undisclosed | not disclosed | Bain Capital Double Impact |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did VillageMD raise in its Growth round?
VillageMD raised $275M in its Growth round, announced in Jul 2020.
Who led VillageMD's Growth round?
Walgreens Boots Alliance led it, with Kinnevik.
What was VillageMD's valuation at the Growth round?
It was not disclosed.