# Aledade

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aledade

- Industry: Healthcare IT
- Headquarters: Bethesda, US
- Website: www.aledade.com/
- Total disclosed funding: $642M
- Latest round: Series F (Jun 7, 2023)
- Investors on record: 16

## About

Founded in 2014 and based in Maryland, US, Aledade, Inc. operates as a healthcare company that partners with independent primary care practices to deliver value-based care through data analytics and practice support. The company was founded by Farzad Mostashari (CEO) and Mat Kendall. In December 2025, Aledade, Inc. raised USD 500 million in venture debt funding from Ares Management Corporation.

The company provides a suite of services, including technology and personalized support, to more than 1,500 independent primary care practices across 45 states and the District of Columbia to facilitate a seamless transition to value-based care models. Aledade’s data insights drive informed decision-making, enhancing patient outcomes and practice sustainability. The firm’s payer solutions ensure financial alignment, while its comprehensive programs address patient needs, enabling preventive care and patient engagement. In addition, the company provides administrative and policy support, advocating for primary care providers and safeguarding against regulatory challenges.

Aledade generates revenue through a diversified model that includes shared savings from value-based care programs, subscription fees for its technology platform, and risk-based contracts with Medicare, Medicaid, and commercial payers. Additional streams come from consulting and implementation services for practices transitioning to value-based care, and data analytics solutions that support population health management. Aledade's ACOs generated $1 billion in savings in 2024, with 93% achieving shared savings compared to under 70% for competitors.

The company will use the December 2025 funding to help manage expenses and support its continued growth.

## Funding rounds

- Series F, Jun 7, 2023, $260M — Lightspeed Venture Partners, Venrock, Fidelity Investments, Avidity Partners Management, OMERS Private Equity
- Series E, May 20, 2022, $122M — Fidelity Investments, OMERS Private Equity
- Series D, Jan 8, 2021, $100M — Institutional Venture Partners, Meritech Capital Partners, Tiger Global Management, OMERS Private Equity
- Series C, Apr 3, 2020, $64M — Meritech Capital Partners, CVF Capital Partners, GV, Echo Health Ventures, California Medical Association, OMERS Private Equity
- Series B, Jan 18, 2019, $10M — Echo Health Ventures, Mosaic Health Solutions
- Series B, Oct 15, 2018, $23M — Meritech Capital Partners
- Series B, Dec 11, 2017, $23M — Venrock, Biomatics Capital Partners
- Series B, Dec 13, 2016, $20M — ARCH Venture Partners, Venrock, GV, Maryland Venture Fund, Biomatics Capital Partners
- Series B, May 29, 2015, $15M — ARCH Venture Partners, Venrock
- Series A, Jun 13, 2014, $4.5M — Venrock

## Investors

- Venrock (https://capitalatlas.ai/funds/venrock) — Series A, Series B, Series F
- ARCH Venture Partners (https://capitalatlas.ai/funds/arch-venture-partners) — Series B
- GV (https://capitalatlas.ai/funds/gv) — Series B, Series C
- Maryland Venture Fund (https://capitalatlas.ai/funds/maryland-venture-fund) — Series B
- Biomatics Capital Partners (https://capitalatlas.ai/funds/biomatics-capital-partners) — Series B
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series B, Series C, Series D
- Echo Health Ventures (https://capitalatlas.ai/funds/echo-health-ventures) — Series B, Series C
- Mosaic Health Solutions (https://capitalatlas.ai/funds/mosaic-health-solutions) — Series B
- CVF Capital Partners — Series C
- California Medical Association — Series C
- OMERS Private Equity (https://capitalatlas.ai/funds/omers-private-equity) — Series C, Series D, Series E, Series F
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series D
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series D
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series E, Series F
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series F
- Avidity Partners Management — Series F