Funding round
Wellhub Series E
Wellhub, which works in wellness membership subscription services in New York, raised $220M in a Series E round announced on 29 Jun 2021, at a $2.20B post-money valuation. 5 firms took part. It is Wellhub's fifth venture round on record; the one before was a Series D in Jun 2019.
$220M
Amount raised
$2.20B
Post-money valuation
5
Investors
no lead named
2.0x
Step-up from the Series D
$1.11B in Jun 2019
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Wellhub at $2.20B after the new money, 2.0 times the $1.11B of its Series D (Jun 2019). The $220M bought investors about 10% of the company. It came 24 months after Wellhub's Series D. It is 46% of the $482M Wellhub has raised in the venture rounds on record. Wellhub raised again 26 months later: a Series F round of $85M in Aug 2023, at $2.40B post-money.
Wellhub's funding rounds
Wellhub has 6 venture rounds on record. This one is highlighted.
Investors
Who put money in
5 firms took part; no lead investor was named.
Investors
- General Atlantic backs 134 venture-backed companies new investor
- Kaszek backs 85 venture-backed companies new investor
- Moore Strategic Ventures new investor
- SoftBank new investor
- backs 74 venture-backed companies new investor
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, working capital, hiring and acquisitions.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
- Hiring
- Acquisitions
Comparable rounds
How it compares
119 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $130M, and this round was 1.7 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Gong Tech Companies | 3 Jun 2021 | $250M | $7.25B | Franklin Templeton |
| Tech Companies | 10 Jun 2021 | $220M | $2.10B | SoftBank Vision Fund |
| project44 Tech Companies | 1 Jun 2021 | $202M | $1.20B | Goldman Sachs Asset Management and Emergence Capital |
| Tech Companies | 15 Jun 2021 | $200M | $2.00B | Silver Lake |
| Tech Companies | 29 Jun 2021 | $125M | $1.00B | Goldman Sachs Asset Management |
| Tech Companies | 16 Jun 2021 | $100M | $1.00B | Insight Partners |
| Chainalysis Tech Companies | 24 Jun 2021 | $100M | $4.20B | Coatue |
| Tech Companies | 24 Jun 2021 | $100M | not disclosed | LLR Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Wellhub raise in its Series E round?
Wellhub raised $220M in its Series E round, announced in Jun 2021.
Which investors took part in Wellhub's Series E round?
General Atlantic, Kaszek, Moore Strategic Ventures, SoftBank and Valor Capital Group.
What was Wellhub's valuation at the Series E round?
$2.20B post-money.
How does it compare with other Series E rounds in Tech Companies?
119 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $130M, and this round was 1.7 times the median.
Did Wellhub raise again after this round?
Yes: a Series F round in Aug 2023 of $85M at $2.40B post-money.