Wheel was founded in 2018 by Michelle Davey and Griffin Mulcahey. The company has not publicly endorsed plans to participate in an IPO.
Wheel is a digital healthcare platform that seeks to deliver care across all parts of a patient's life cycle. The company has raised more than $215 million in venture capital funding from investors including Lightspeed Venture Partners, Tiger Global, Coatue, Salesforce Ventures, CRV, Tusk Venture Partners, and Silverton Partners. Wheel did not disclose valuation figures following a $150 million Series C funding round in 2022.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
01/19/2022 | Series C | $125MM | $xx.xx | $984.27MM | Coatue Management, Crv, Lightspeed Venture Partners, Salesforce Ventures, Silverton Partners, Tiger Global Management, Tusk Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
3,333,951
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Coatue Management, Crv, Lightspeed Venture Partners, Salesforce Ventures, Silverton Partners, Tiger Global Management, Tusk Venture Partners
|
||||||
05/19/2021 | Series B | $35MM | $xx.xx | $231.48MM | Crv, Future Shape, J.P. Morgan, Lightspeed Venture Partners, Silverton Partners, Tusk Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
3,199,268
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Crv, Future Shape, J.P. Morgan, Lightspeed Venture Partners, Silverton Partners, Tusk Venture Partners
|
||||||
01/28/2020 | Series A 2 | $1.88MM | $xx.xx | $52.48MM | Crv, Silverton Partners, Tusk Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
1,130,162
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Crv, Silverton Partners, Tusk Venture Partners
|
||||||
01/28/2020 | Series A 1 | $12.77MM | $xx.xx | $52.48MM | Crv, Silverton Partners, Tusk Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
3,990,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Crv, Silverton Partners, Tusk Venture Partners
|
||||||
11/19/2018 | Series Seed 2 | $181,999.00 | $xx.xx | $5.16MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
253,198
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
11/19/2018 | Series Seed 3 | $302,300.00 | $xx.xx | $5.16MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
473,083
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
11/19/2018 | Series Seed 1 | $1.23MM | $xx.xx | $5.16MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,533,743
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|