Color Health was founded in 2015 by Elad Gil, Nish Bhat, Othman Laraki, and Taylor Sittler. While the company has not spoken publicly about an IPO, a successful round of funding in 2021 pushed the company to a post-money valuation of $4.6 billion, securing unicorn status by a wide margin. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Color Health offers a wide variety of gene testing services, as well as large-scale COVID-19 testing solutions. In light of the global health situation, the company has scaled up its public health programs. According to a press release, Color "is currently running the largest COVID-19 testing program for K-12 schools in the nation." The latest round of funding brought in $100 million, bringing the total funding to $378 million from investors including Kindred Ventures, T. Rowe Price Associates, General Catalyst, Viking Global Investors, and Emerson Collective.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/09/2021 | Series E | $100MM | $xx.xx | $4.6B | Emerson Collective, General Catalyst, Kindred Ventures, T. Rowe Price, Viking Global Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,000,310
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Emerson Collective, General Catalyst, Kindred Ventures, T. Rowe Price, Viking Global Investors
|
||||||
01/04/2021 | Series D-1 | $67.22MM | $xx.xx | $1.52B | General Catalyst, T. Rowe Price, Viking Global Investors | |
Price per Share
$xx.xx
Shares Outstanding
3,151,592
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
General Catalyst, T. Rowe Price, Viking Global Investors
|
||||||
01/04/2021 | Series D | $89.52MM | $xx.xx | $1.52B | General Catalyst, T. Rowe Price, Viking Global Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,377,530
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
General Catalyst, T. Rowe Price, Viking Global Investors
|
||||||
01/14/2020 | Series C-1 | $20MM | $xx.xx | $418.93MM | Caffeinated Capital, Comcast Ventures, Foresite Capital Management, Pegasus Tech Ventures, T. Rowe Price, Viking Global Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,147,285
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Caffeinated Capital, Comcast Ventures, Foresite Capital Management, Pegasus Tech Ventures, T. Rowe Price, Viking Global Investors
|
||||||
01/14/2020 | Series C | $69.44MM | $xx.xx | $418.93MM | Caffeinated Capital, Comcast Ventures, Foresite Capital Management, Pegasus Tech Ventures, T. Rowe Price, Viking Global Investors | |
Price per Share
$xx.xx
Shares Outstanding
5,482,252
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Caffeinated Capital, Comcast Ventures, Foresite Capital Management, Pegasus Tech Ventures, T. Rowe Price, Viking Global Investors
|
||||||
09/27/2016 | Series B | $47.4MM | $xx.xx | $162.39MM | 8vc, Emerson Collective, Formation 8, General Catalyst, Khosla Ventures, Kindred Ventures, Shasta Ventures | |
Price per Share
$xx.xx
Shares Outstanding
7,359,259
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Emerson Collective, Formation 8, General Catalyst, Khosla Ventures, Kindred Ventures, Shasta Ventures
|
||||||
05/15/2015 | Series A | $22.49MM | $xx.xx | $64.25MM | Ame Cloud Ventures, Formation 8, Initialized Capital Management, Innovation Endeavors, Khosla Ventures, Nima Capital, Nimble Ventures, Resolute Ventures | |
Price per Share
$xx.xx
Shares Outstanding
6,507,991
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ame Cloud Ventures, Formation 8, Initialized Capital Management, Innovation Endeavors, Khosla Ventures, Nima Capital, Nimble Ventures, Resolute Ventures
|