Startup Trends: 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: $8.59B
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 | Andreessen Horowitz, Cox Enterprises, Emerson Collective, Fearless Ventures, F-Prime Capital Partners, General Catalyst, Gic, Greatpoint Ventures, Highbury Holdings, Maverick Ventures, Socium Ventures, Stardust Equity, The Private Shares Fund, The Space Between, 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
--
Key Investors
Andreessen Horowitz, Cox Enterprises, Emerson Collective, Fearless Ventures, F-Prime Capital Partners, General Catalyst, Gic, Greatpoint Ventures, Highbury Holdings, Maverick Ventures, Socium Ventures, Stardust Equity, The Private Shares Fund, The Space Between, White Road Capital
|
||||||
10/08/2021 | Series D | $1.23B | $xx.xx | $12.71B | Andreessen Horowitz, Base10 Partners, Emerson Collective, Frist Cressey Ventures, General Catalyst, Gic, Iconiq Growth, Maverick, Nextview Ventures, Premji Invest, Softbank, Uprising | |
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
--
Key Investors
Andreessen Horowitz, Base10 Partners, Emerson Collective, Frist Cressey Ventures, General Catalyst, Gic, Iconiq Growth, Maverick, Nextview Ventures, Premji Invest, Softbank, Uprising
|
||||||
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
--
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
--
Key Investors
Andreessen Horowitz, Premji Invest, Uprising
|
||||||
10/06/2017 | Series A | $61.95MM | $xx.xx | $380MM | F-Prime Capital, Maverick Ventures, Nextview Ventures, Obvious Ventures, Venrock | |
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
--
Key Investors
F-Prime Capital, Maverick Ventures, Nextview Ventures, Obvious Ventures, Venrock
|
||||||
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
--
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.