Total amount raised
$106 Million
Latest funding date
2/1/2025
Location
Function Health has successfully raised funding over four rounds, with the latest being a Series B involving 49 investors and led by Redpoint. The platform offers advanced health checkups through extensive lab testing, designed to detect over 1000 conditions annually.
Keep reading to explore the intricacies of Function Health's fundraising journey and the investors backing this innovative health platform.
What Is Function Health?
Function Health is a healthcare technology company based in Austin, Texas. It offers comprehensive lab testing and health monitoring services, designed to help individuals monitor their health through over 100 lab tests annually.
Founded as a private entity, Function Health has a small team of 11-50 employees. The company has raised funding through multiple rounds, with the latest being a Series B round. Notable investors include SignalRank and Zac Efron.
Function Health emphasizes early detection and continuous monitoring, providing personalized health protocols based on test results explained by top doctors. The company has also acquired Ezra AI to enhance its service offerings.
How Much Funding Has Function Health Raised?
- Seed Round
- Amount Raised: USD 3,000,000
- Date: March 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their health monitoring platform.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2023
- Lead Investors: Pari Passu Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and refine their health monitoring services.
- Series A
- Amount Raised: USD 53,000,000
- Date: June 2024
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and support personalized health insights through extensive biomarker testing.
- Series B
- Amount Raised: USD 298,000,000
- Date: November 2025
- Lead Investors: Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their service offerings and support acquisitions like Ezra AI.
Total Amount Raised: USD 354,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Redpoint
- Details: Redpoint is a venture capital firm that invests in early-stage technology companies. They have a strong track record of supporting innovative startups.
- Investment Focus Areas: Technology, healthcare, consumer internet, enterprise software.
- Notable Investments: Stripe, Snowflake, Twilio.
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a prominent venture capital firm based in Silicon Valley. They are known for their investments in high-growth technology companies.
- Investment Focus Areas: Technology, healthcare, fintech, consumer, enterprise software.
- Notable Investments: Facebook, Airbnb, Lyft.
- Pari Passu Venture Partners
- Details: Pari Passu Venture Partners is an investment firm that focuses on early-stage companies. They aim to support startups with high growth potential.
- Investment Focus Areas: Healthcare, technology, consumer products.
- Notable Investments: Not publicly disclosed.
- Alison Ryu
- Details: Alison Ryu is an investor with a focus on health and wellbeing. She has been involved in various ventures aimed at improving human health.
- Investment Focus Areas: Health, wellness, longevity.
- Notable Investments: Not publicly disclosed.
- Amanda Eilian
- Details: Amanda Eilian is an investor who focuses on companies that aim to improve human health and increase life expectancy. She has a background in supporting health-focused startups.
- Investment Focus Areas: Health, wellness, longevity.
- Notable Investments: Not publicly disclosed.
What's Next for Function Health?
Function Health stands at the cusp of significant growth, driven by its personalized health insights and strategic partnerships. With nearly 50,000 paying members and a $53 million Series A funding round, the company is poised to expand its user base and enhance its platform with advanced biomarker testing.
Future fundraising opportunities seem promising, given the rapid scaling and industry trends favoring personalized health and longevity. However, challenges such as maintaining growth, ensuring data privacy, and competing in a crowded market could test the company's resilience.
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