Tasso Valuation, Funding & Investors

Tasso is valued at $425M as of December 2021.

See full Tasso profile

Last Tasso valuation

$425M

Series B · Dec 2021

Last Tasso funding round

$100M

Series B · Dec 2021

Cumulative funding Tasso raised

$123M

across 3 funding rounds

Key investors in Tasso

  • Foresite Capital
  • Merck Global Health Innovation Fund
  • Vertical Venture Partners
  • Cedars-Sinai Accelerator
  • Techstars
  • RA Capital Management

Tasso Overview

About Tasso

Tasso is a Seattle-based medical device company pioneering at-home blood collection for diagnostics. Its HemoLink device enables capillary blood sampling with 200 microliters yield in under 3 minutes, compatible with lab analyzers for therapeutic drug monitoring and wellness testing. FDA-cleared since 2020, Tasso partners with Quest Diagnostics and Everlywell, shipping over 50,000 units to consumers and clinics. Founded in 2015, the firm raised $15 million in Series A funding and operates in the US with clinical trials in Europe for chronic disease management.


Founded

2011

HQ

United StatesSeattle, WA

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$425M (Dec 2021)

Tasso Valuation

Tasso is currently valued at $425M, based on its Series B in December 2021.

The $100M round was led by RA Capital Management, with participation from Cedars-Sinai Accelerator, InCube Ventures, Foresite Capital, D. E. Shaw & Co., Merck Global Health Innovation Fund and 4 other investors.

Tasso valuation by funding round

Tasso valuation by funding round
DateStageValuation
Dec 2021Series B$425M

Tasso Funding History

Tasso has raised a total of $123M across 3 funding rounds.

Tasso's first fundraising round was a $6M Series A in March 2019. The most recent completed round was a $100M Series B in December 2021.

Tasso funding rounds

Tasso funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2021Series BRA Capital Management (lead); Cedars-Sinai Accelerator; InCube Ventures; Foresite Capital; D. E. Shaw & Co.; Merck Global Health Innovation Fund; SIB Innovations- und Beteiligungsgesellschaft; J2 Ventures; Senvest Capital; Hambrecht Ducera Growth Ventures$100M$425MTasso develops a device for at-home blood collection, enabling patient-centric, in-home healthcare solutions that gained demand during the COVID-19 pandemic. The company raised $100 million in a Series B funding round on December 16, 2021, led by RA Capital Management, with participation from D.E. Shaw group, Senvest, InCube Ventures, SVB Innovation Fund, Foresite Capital, Hambrecht Ducera Growth Ventures, J2 Ventures, Cedars-Sinai, and Merck Global Health Innovation Fund. This round brought the company's valuation to $425 million. The Series B builds on prior funding, including a $17 million Series A in 2020 and a $6.1 million round in 2019, bringing Tasso's total capital raised to approximately $129 million across multiple rounds as of that date. Tasso plans to use the new funds to expand manufacturing and operations to meet growing demand for its blood collection devices. CEO Ben Casavant highlighted the shift toward in-home healthcare solutions accelerated by the pandemic.
Jul 2020Series ACedars-Sinai Accelerator; Foresite Capital; Merck Global Health Innovation Fund; Vertical Venture Partners; Hambrecht Healthcare Growth Venture Fund$17M-Tasso, a Seattle-based company founded in 2011, develops clinical-grade, at-home blood collection devices like Tasso OnDemand, enabling painless self-sampling from capillaries in the upper arm for remote diagnostic testing, including COVID-19 applications. The devices support adoption by academic medical institutions, government agencies, cancer centers, and pharmaceutical organizations worldwide. On July 22, 2020, Tasso completed an oversubscribed $17 million Series A financing round led by Hambrecht Ducera Growth Ventures, with participation from Foresite Capital, Merck Global Health Innovation Fund, Vertical Venture Partners, Techstars, and Cedars-Sinai. Elizabeth Hambrecht from Hambrecht Ducera Growth Ventures joined the board as part of the investment. Proceeds funded scaling of manufacturing and operations to meet demand for remote testing amid the pandemic, bringing total funding from grants, investments, and collaborations to $38.6 million. Tasso later raised a $100 million Series B on December 16, 2021, led by RA Capital Management with existing and new investors, totaling $131 million raised.
Mar 2019Series AVertical Venture Partners (lead); Cedars Sinai; Techstars$6M-Tasso, Inc., based in Seattle, WA, develops clinical-grade blood collection technology, including the Tasso OnDemand device for painless, at-home self-collection of capillary blood samples. The company had previously received $13.1 million in grant funding from DARPA, DTRA, and NIH to develop its core technology for high-quality, high-volume blood draws. Tasso targets pharmaceutical and lab partners with near-term commercial opportunities and aims to transform front-end diagnostics collection. On March 5-6, 2019, Tasso completed a $6.1 million seed VC financing round led by Vertical Venture Partners, with participation from Techstars and Cedars-Sinai. The funds supported scaling production of Tasso OnDemand and team growth amid strong commercial interest. This built on prior grants and positioned Tasso for market expansion in remote blood testing. Tasso continued fundraising with a $17 million Series A in July 2020 led by Hambrecht Ducera Growth Ventures, including Foresite Capital, Merck Global Health Innovation Fund, Vertical Venture Partners, Techstars, and Cedars-Sinai, bringing total capital to $38.6 million from grants, investments, and collaborations. A $100 million Series B followed in December 2021 led by RA Capital Management.

Who has invested in Tasso?

14 investors have backed Tasso across its funding rounds, including Foresite Capital, Merck Global Health Innovation Fund, Vertical Venture Partners, Cedars-Sinai Accelerator, Techstars and RA Capital Management.

Lead investors include RA Capital Management and Vertical Venture Partners.


Tasso Investors

Investors in Tasso by funding rounds participated
InvestorHQRoundsRoleFirst check
Cedars-Sinai AcceleratorUnited StatesUnited States2ParticipantJul 2020
Foresite CapitalUnited StatesSan Francisco, CA2ParticipantJul 2020
Merck Global Health Innovation FundUnited StatesWoodcliff Lake, NJ2ParticipantJul 2020
Vertical Venture PartnersUnited StatesSan Francisco, CA2LeadMar 2019
Cedars SinaiUnited StatesLos Angeles, CA1ParticipantMar 2019
InCube VenturesUnited StatesSan Jose, CA1ParticipantDec 2021
D. E. Shaw & Co.United StatesNew York City, NY1ParticipantDec 2021
SIB Innovations- und BeteiligungsgesellschaftGermanyDresden1ParticipantDec 2021
J2 VenturesUnited StatesBoston, MA1ParticipantDec 2021
Hambrecht Healthcare Growth Venture FundUnited StatesSan Francisco, CA1ParticipantJul 2020
RA Capital ManagementUnited StatesBoston, MA1LeadDec 2021
Senvest CapitalCanadaMontreal1ParticipantDec 2021

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Tasso Competitors

Tasso competitors include listed companies like Myriad Genetics and Pacific Biosciences, and private ones like Koniku, Tianchen Biotechnology, Delfi Diagnostics and Embark.

Public and private companies comparable to Tasso
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Myriad GeneticsUnited StatesUnited StatesPublicly listed$825M($332M)$396M0.6x
KonikuUnited StatesSan Francisco, CAPrivate--$337M-
Tianchen BiotechnologyChinaTianjinPrivate--$290M-
Delfi DiagnosticsUnited StatesBaltimore, MDPrivate--$685M-
EmbarkUnited StatesBoston, MAPrivate--$700M-
Pacific BiosciencesUnited StatesUnited StatesPublicly listed$160M($153M)$429M5.6x

Tasso Public Comps

Tasso is still privately-owned, but its public comps include Carvolix, Pacific Biosciences, Carlsmed, TaiDoc Technology, ClearPoint Neuro, Nanjing Medlander Medical, Prenetics Global, Sight Sciences, Revenio Group and CellaVision.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Carvolix$5M($14M)93.1x246.4x(32.0x)(15.6x)
Pacific Biosciences$160M($153M)5.6x5.6x(5.9x)(6.9x)
Carlsmed$51M($31M)7.0x5.1x(11.5x)(10.2x)
TaiDoc Technology$132M$58M2.1x-4.8x-
ClearPoint Neuro$37M($22M)12.3x10.0x(20.6x)(20.7x)
Nanjing Medlander Medical$64M$20M4.9x-15.8x-
Prenetics Global$92M($33M)3.2x1.6x(9.0x)(8.3x)
Sight Sciences$77M($33M)5.3x4.7x(12.4x)(22.7x)

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Common questions about Tasso

When was Tasso founded?Tasso was founded in 2011.
Where is Tasso headquartered?Tasso is headquartered in Seattle, WA, United States.
Is Tasso publicly listed?No, Tasso is a private, VC-backed company.
What is Tasso's valuation?Tasso was last valued at $425M in its Series B in December 2021.
How much funding has Tasso raised?Tasso has raised $123M across 3 funding rounds.
What was Tasso's last funding round?Tasso's last funding round was a $100M Series B in December 2021, led by RA Capital Management.
Who are Tasso's investors?Tasso's investors include Cedars-Sinai Accelerator, Foresite Capital, Merck Global Health Innovation Fund, Vertical Venture Partners, Cedars Sinai, InCube Ventures, D. E. Shaw & Co., SIB Innovations- und Beteiligungsgesellschaft, J2 Ventures, Hambrecht Healthcare Growth Venture Fund and 4 others.
Which companies are comparable to Tasso?Companies comparable to Tasso include Myriad Genetics, Koniku, Tianchen Biotechnology, Delfi Diagnostics, Embark and Pacific Biosciences.

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