Funding round
Wellhub Series F
Wellhub, which works in wellness membership subscription services in New York, raised $85M in a Series F round announced on 23 Aug 2023, led by EQT, at a $2.40B post-money valuation. 5 firms took part. It is Wellhub's sixth venture round on record; the one before was a Series E in Jun 2021.
$85M
Amount raised
$2.40B
Post-money valuation
$2.31B pre-money
5
Investors
1 lead
1.1x
Step-up from the Series E
$2.20B in Jun 2021
3.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Wellhub at $2.40B after the new money, 1.1 times the $2.20B of its Series E (Jun 2021). The $85M bought investors about 3.5% of the company. It came 26 months after Wellhub's Series E. It is 18% of the $482M Wellhub has raised in the venture rounds on record. No later venture round is on record for Wellhub.
Wellhub's funding rounds
Wellhub has 6 venture rounds on record. This one is highlighted.
Investors
Who put money in
EQT led the round with 4 other firms.
Lead investor
- EQT backs 99 venture-backed companies new investor
Also in the round
- General Atlantic backs 134 venture-backed companies new investor
- Moore Strategic Ventures new investor
- Neuberger Berman new investor
- Atomico backs 123 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 and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
13 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 57% of the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| EGYM Tech Companies | 5 Jul 2023 | $225M | $653M | Affinity Partners |
| Tech Companies | 7 Jun 2023 | $100M | not disclosed | not named |
| Tech Companies | 19 Oct 2023 | $40M | not disclosed | New Enterprise Associates and G Squared |
| Tech Companies | 29 Mar 2024 | $55M | not disclosed | General Catalyst |
| Dataiku Tech Companies | 13 Dec 2022 | $200M | $3.70B | Wellington Management |
| Rippling Tech Companies | 22 Apr 2024 | $200M | $13.50B | not named |
| Cohesity Tech Companies | 11 Apr 2024 | $150M | $7.00B | not named |
| Tech Companies | 10 Apr 2024 | $130M | $900M | KKR |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Wellhub raise in its Series F round?
Wellhub raised $85M in its Series F round, announced in Aug 2023.
Who led Wellhub's Series F round?
EQT led it, with General Atlantic, Moore Strategic Ventures, Neuberger Berman and Atomico.
What was Wellhub's valuation at the Series F round?
$2.40B post-money ($2.31B pre-money).
How does it compare with other Series F rounds in Tech Companies?
13 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 57% of the median.