Funding round
VillageMD Series B
VillageMD, which works in primary care services in United States, raised $100M in a Series B round announced on 4 Sep 2019, led by Kinnevik. 4 firms took part. It is VillageMD's third venture round on record; the one before was a Growth in Jan 2018.
$100M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
VillageMD did not disclose a valuation in this round. It came 20 months after VillageMD's Growth. It is 20% of the $491M VillageMD has raised in the venture rounds on record. VillageMD raised again 10 months later: a Growth round of $275M in Jul 2020.
VillageMD's funding rounds
VillageMD has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Kinnevik led the round with 3 other firms.
Lead investor
- Kinnevik backs 55 venture-backed companies new investor
Also in the round
- Oak HC/FT backs 106 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- Adams Street Partners backs 61 venture-backed companies new investor
Joined the board: Chris Bischoff (Kinnevik).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Clinics - Surgeons & Physicians, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Clinics - Surgeons & Physicians | 1 Jul 2019 | $26M | not disclosed | White Star Capital |
| Payment Processing & Point of Sale | 13 Sep 2019 | $67M | not disclosed | Lightspeed Venture Partners and Tiger Global |
| Tech Companies | 19 Sep 2019 | $60M | not disclosed | not named |
| Greenlight Payment Processing & Point of Sale | 16 Sep 2019 | $54M | not disclosed | Drive Capital |
| Tech Companies | 16 Sep 2019 | $45M | not disclosed | Thayer Ventures and Swisscanto Invest by Zürcher Kantonalbank |
| Chemicals | 5 Sep 2019 | $45M | not disclosed | Ospraie Ag Science and S2G Investments |
| Fivetran Tech Companies | 24 Sep 2019 | $44M | not disclosed | Andreessen Horowitz |
| Real Estate Rental | 25 Sep 2019 | $43M | not disclosed | GIC and Lennar |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did VillageMD raise in its Series B round?
VillageMD raised $100M in its Series B round, announced in Sep 2019.
Who led VillageMD's Series B round?
Kinnevik led it, with Oak HC/FT, Town Hall Ventures and Adams Street Partners.
What was VillageMD's valuation at the Series B round?
It was not disclosed.
Did VillageMD raise again after this round?
Yes: a Growth round in Jul 2020 of $275M.