Virta Health Raises $133M in Series E

Virta Health has successfully raised $133M in a Series E at a $2B valuation led by Tiger Global, Caffeinated Capital.

Company Overview

Virta Health is a HealthTech company headquartered in San Francisco, CA, founded in 2014 with 400+ employees.

Type 2 diabetes reversal platform

Fundraising Details

• Amount Raised: $133M
• Round Type: Series E
• Valuation: $2B
• Date: 2021-10-05
• Investors: Tiger Global, Caffeinated Capital

About Virta Health

Type 2 diabetes reversal platform The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: San Francisco, CA
• Founded: 2014
• Team Size: 400+
• Industry: HealthTech

What This Means

This funding round demonstrates strong investor confidence in Virta Health's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Virta Health's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $2B valuation marks an important milestone for Virta Health, positioning the company among notable players in the HealthTech industry.

Looking Ahead

With this new capital, Virta Health is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2021-10-05. For more information about Virta Health, visit their headquarters at San Francisco, CA.