What is Aledade?
Founded in 2014 and based in Bethesda, Maryland, Aledade collaborates with independent practices, health centers, and clinics to establish and manage ACOs. The company's core mission revolves around enhancing primary care delivery and improving patient outcomes through innovative organizational structures and data-driven insights. Aledade's approach aims to align financial incentives with quality care, positioning it as a key player in the evolving landscape of healthcare.
How much funding has Aledade raised?
Aledade has raised a total of $897.7M across 9 funding rounds:
Series B
$40.2M
Private Equity
$23M
Private Equity
$23M
Series C
$64M
Series D
$100M
Series E
$123M
Series F
$260M
Series F
$260M
Series B (2016): $40.2M led by GV, Venrock, ARCH Venture Partners, Maryland Venture Fund, and Biomatics Capital
Private Equity (2017): $23M, investors not publicly disclosed
Private Equity (2018): $23M featuring Meritech
Series C (2020): $64M backed by GV, California Medical Association, OMERS Growth Equity, Meritech Capital Partners, Echo Health Ventures, and CVF
Series D (2021): $100M with participation from OMERS Growth Equity, Meritech, IVP, and TriplePoint Venture Growth BDC
Series E (2022): $123M led by Fidelity Management & Research Company and OMERS Growth Equity
Series F (2023): $260M supported by Lightspeed Venture Partners, OMERS Growth Equity, Venrock, and Avidity Partners
Series F (2023): $260M featuring Lightspeed Venture Partners, Venrock, Avidity Partners, and OMERS Growth Equity
Key Investors in Aledade
Lightspeed Venture Partners
Lightspeed Venture Partners (lsvp.com) is a global multistage venture capital firm that raises dedicated funds and invests in early and growthstage technology companies across sectors such as enterprise software, consumer, fintech, and infrastructure, partnering with founders from seed through IPO/M&A.
Venrock
Founded in 1969, Venrock is a venture capital firm. Venrock is headquartered in Palo Alto, California. Venrock.com is viewed by customers and investors as a respected and historic venture capital firm that partners with founders to build innovative, high-growth companies. Known for its entrepreneurial support, strategic guidance, and long track record of backing successful technology and healthcare ventures, clients value Venrocks deep industry expertise and commitment to helping startups scale and succeed with confidence and insight.
OMERS Growth Equity
OMERS Private Equity specializes in transforming early-stage and mid-sized businesses into industry leaders through direct investments and partnerships. With over 30 years of experience, they focus on building lasting relationships with management teams to unlock potential and generate sustained returns. The firm manages significant assets and is committed to delivering value for all stakeholders, particularly for its pensioners. OMERS serves as a steward for the retirement income of municipal employees across Ontario, leveraging a global investment strategy.
What's next for Aledade?
The substantial enterprise-level funding Aledade has garnered, particularly the recent strategic investment, signals a strong trajectory for expansion and further development of its ACO platform. This capital infusion is expected to fuel advancements in technology, broaden its network of partner practices, and enhance its capabilities in population health management. Aledade's strategic financing positions it to further solidify its role in driving the transition towards value-based healthcare, potentially leading to new service offerings and market penetration.
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