Funding round
Wellhub Series C
Wellhub, which works in wellness membership subscription services in New York, raised $54M in a Series C round announced on 30 Sep 2017, at a $278M post-money valuation. 3 firms took part. It is Wellhub's third venture round on record; the one before was a Series B in Jun 2016.
$54M
Amount raised
$278M
Post-money valuation
3
Investors
no lead named
3.1x
Step-up from the Series B
$91M in Jun 2016
20%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Wellhub at $278M after the new money, 3.1 times the $91M of its Series B (Jun 2016). The $54M bought investors about 20% of the company. It came 15 months after Wellhub's Series B. It is 11% of the $482M Wellhub has raised in the venture rounds on record. Wellhub raised again 21 months later: a Series D round of $100M in Jun 2019, at $1.11B 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
- General Atlantic backs 134 venture-backed companies new investor
- backs 74 venture-backed companies new investor
Comparable rounds
How it compares
160 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 1.8 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Sep 2017 | $101M | not disclosed | Osram |
| Patreon Tech Companies | 14 Sep 2017 | $60M | $450M | Thrive Capital |
| Tech Companies | 1 Sep 2017 | $52M | $250M | not named |
| Tech Companies | 20 Sep 2017 | $35M | not disclosed | Harmony Partners |
| Tech Companies | 27 Sep 2017 | $35M | $250M | Viola Group |
| Tech Companies | 27 Sep 2017 | $30M | not disclosed | Crane Venture Partners |
| Tech Companies | 29 Sep 2017 | $14M | not disclosed | IFC and Bamboo Capital Partners |
| Mapbox Tech Companies | 10 Oct 2017 | $164M | not disclosed | SoftBank Vision Fund and SoftBank |
Questions
Frequently asked
How much did Wellhub raise in its Series C round?
Wellhub raised $54M in its Series C round, announced in Sep 2017.
Which investors took part in Wellhub's Series C round?
Atomico, General Atlantic and Valor Capital Group.
What was Wellhub's valuation at the Series C round?
$278M post-money.
How does it compare with other Series C rounds in Tech Companies?
160 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 1.8 times the median.
Did Wellhub raise again after this round?
Yes: a Series D round in Jun 2019 of $100M at $1.11B post-money.