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Tasso Valuation, Funding & Investors
Tasso is valued at $425M as of December 2021.
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Dec 2021 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Series B | RA 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 | $425M | Tasso 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 2020 | Series A | Cedars-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 2019 | Series A | Vertical 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jul 2020 | ||
| 2 | Participant | Jul 2020 | ||
| 2 | Participant | Jul 2020 | ||
| 2 | Lead | Mar 2019 | ||
| 1 | Participant | Mar 2019 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Jul 2020 | ||
| 1 | Lead | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
This data is available for Pro users. Sign up to see all 14 Tasso investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialTasso Competitors
Tasso competitors include listed companies like Myriad Genetics and Pacific Biosciences, and private ones like Koniku, Tianchen Biotechnology, Delfi Diagnostics and Embark.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $825M | ($332M) | $396M | 0.6x | ||
| Private | - | - | $337M | - | ||
| Private | - | - | $290M | - | ||
| Private | - | - | $685M | - | ||
| Private | - | - | $700M | - | ||
| Publicly listed | $160M | ($153M) | $429M | 5.6x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5M | ($14M) | 93.1x | 246.4x | (32.0x) | (15.6x) | |||
| $160M | ($153M) | 5.6x | 5.6x | (5.9x) | (6.9x) | |||
| $51M | ($31M) | 7.0x | 5.1x | (11.5x) | (10.2x) | |||
| $132M | $58M | 2.1x | - | 4.8x | - | |||
| $37M | ($22M) | 12.3x | 10.0x | (20.6x) | (20.7x) | |||
| $64M | $20M | 4.9x | - | 15.8x | - | |||
| $92M | ($33M) | 3.2x | 1.6x | (9.0x) | (8.3x) | |||
| $77M | ($33M) | 5.3x | 4.7x | (12.4x) | (22.7x) | |||
This data is available for Pro users. Sign up to see all Tasso competitors and their valuation data. Start Free Trial | ||||||||
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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