Startup Trends: The 5 top funded startups of Q3 2024
Five firms from various industries — Groq, Arsenal Bio, Magic, Crible, and Devoted Health — ranked among the highest in fundraising in the third quarter of 2024.
devoted.comHealthcare / Healthcare providers & servicesFounded: 2017Funding to Date: $2.27B
Devoted Health is a healthcare company geared toward the member. The company focuses on providing high-quality healthcare services to seniors in the United States through a combination of Medicare Advantage plans and personalized healthcare guidance. Devoted Health was founded by Ed Park, Tabreez Verjee, Todd Park, and Dr. William Frist in 2017 and is headquartered in Eagan, Minnesota.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/02/2024 | Series E | $287MM | $xx.xx | $13.03B | The Space Between, Highbury Holdings, GIC, Stardust Equity, Maverick Ventures, Fearless Ventures, Socium Ventures, Emerson Collective, Andreessen Horowitz, The Private Shares Fund, F-Prime Capital Partners, General Catalyst, GreatPoint Ventures, Cox Enterprises, White Road Capital | |
Price per Share
$xx.xx
Shares Outstanding
5,102,195
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
N/A
Key Investors
The Space Between, Highbury Holdings, GIC, Stardust Equity, Maverick Ventures, Fearless Ventures, Socium Ventures, Emerson Collective, Andreessen Horowitz, The Private Shares Fund, F-Prime Capital Partners, General Catalyst, GreatPoint Ventures, Cox Enterprises, White Road Capital
|
||||||
10/08/2021 | Series D | $1.23B | $xx.xx | $12.71B | Uprising, Softbank, GIC, Andreessen Horowitz, Premji Invest, Maverick, Frist Cressey Ventures, NextView Ventures, ICONIQ Growth, General Catalyst, Base10 Partners, Emerson Collective | |
Price per Share
$xx.xx
Shares Outstanding
21,929,101
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Uprising, Softbank, GIC, Andreessen Horowitz, Premji Invest, Maverick, Frist Cressey Ventures, NextView Ventures, ICONIQ Growth, General Catalyst, Base10 Partners, Emerson Collective
|
||||||
06/01/2020 | Series C | $380.13MM | $xx.xx | $3.59B | For Good Ventures, Green Sands Equity | |
Price per Share
$xx.xx
Shares Outstanding
21,463,630
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
For Good Ventures, Green Sands Equity
|
||||||
10/16/2018 | Series B | $300MM | $xx.xx | $1.8B | Andreessen Horowitz, Premji Invest, Uprising | |
Price per Share
$xx.xx
Shares Outstanding
29,260,299
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz, Premji Invest, Uprising
|
||||||
10/06/2017 | Series A | $61.95MM | $xx.xx | $380MM | Venrock, Obvious Ventures, Maverick Ventures, NextView Ventures, F-Prime Capital | |
Price per Share
$xx.xx
Shares Outstanding
28,001,273
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Venrock, Obvious Ventures, Maverick Ventures, NextView Ventures, F-Prime Capital
|
||||||
05/12/2017 | Series Seed | $5.46MM | $xx.xx | $40MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
23,748,586
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
Five firms from various industries — Groq, Arsenal Bio, Magic, Crible, and Devoted Health — ranked among the highest in fundraising in the third quarter of 2024.