Funding round
Wellhub Series B
Wellhub, which works in wellness membership subscription services in New York, raised $14M in a Series B round announced on 30 Jun 2016, at a $91M post-money valuation. 3 firms took part. It is Wellhub's second venture round on record; the one before was a Series A in May 2015.
$14M
Amount raised
$91M
Post-money valuation
3
Investors
no lead named
3.1x
Step-up from the Series A
$29M in May 2015
16%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Wellhub at $91M after the new money, 3.1 times the $29M of its Series A (May 2015). The $14M bought investors about 16% of the company. It came 13 months after Wellhub's Series A. It is 3.0% of the $482M Wellhub has raised in the venture rounds on record. Wellhub raised again 15 months later: a Series C round of $54M in Sep 2017, at $278M post-money.
Wellhub's funding rounds
Wellhub has 6 venture rounds on record. This one is highlighted.
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- Atomico backs 123 venture-backed companies new investor
- backs 21 venture-backed companies new investor
- backs 74 venture-backed companies new investor
Comparable rounds
How it compares
271 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was close to the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Job&Talent Tech Companies | 14 Jun 2016 | $42M | not disclosed | Atomico |
| Tech Companies | 23 Jun 2016 | $23M | not disclosed | not named |
| Tech Companies | 27 Jun 2016 | $20M | not disclosed | GV |
| Tech Companies | 23 Jun 2016 | $20M | not disclosed | GV |
| Tech Companies | 8 Jun 2016 | $15M | not disclosed | Drive Capital |
| Tech Companies | 29 Jun 2016 | $8.5M | not disclosed | Aramex |
| Tech Companies | 23 Jun 2016 | $7.5M | not disclosed | ABS Capital |
| Tech Companies | 16 Jun 2016 | $5.0M | not disclosed | New Enterprise Associates and Blume Ventures |
Questions
Frequently asked
How much did Wellhub raise in its Series B round?
Wellhub raised $14M in its Series B round, announced in Jun 2016.
Which investors took part in Wellhub's Series B round?
Atomico, Redpoint eventures and Valor Capital Group.
What was Wellhub's valuation at the Series B round?
$91M post-money.
How does it compare with other Series B rounds in Tech Companies?
271 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was close to the median.
Did Wellhub raise again after this round?
Yes: a Series C round in Sep 2017 of $54M at $278M post-money.