Total amount raised
$10 Millions
Latest funding date
04/01/2023
Location
Tally Health has successfully raised funds through a Seed round, attracting notable investors such as Whitney Cummings and Second Sight Ventures. The company is backed by L Catterton, a leading global consumer-focused private equity firm.
Keep reading to explore the intricacies of Tally Health's fundraising journey and the investors backing this innovative platform.
What Is Tally Health?
Tally Health, founded in 2021, is a biotechnology company based in New York, New York. Co-founded by Dr. David Sinclair and Whitney Casey, the company focuses on changing the way people age through science-backed solutions.
With an employee count of 11-50, Tally Health offers products like TallyAge™ Testing, Vitality, Amplify, and Restore. Their mission is to provide proprietary diagnostic tests and individualized interventions to help members live healthier and longer lives.
How Much Funding Has Tally Health Raised?
- Seed Round
- Amount Raised: $10M
- Date: April 2023
- Lead Investors: Forerunner Ventures, L Catterton, G9 Ventures, Second Sight Ventures, and individual investors including John Legend, Chrissy Teigen, Pedro Pascal, Shonda Rhimes, Kevin Hart, Rich Roll, Whitney Cummings, and Zac Efron
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds will be used to build out Tally Health's anti-aging innovations, expand research and development of new products, add additional features, and integrate technology to allow users to seamlessly integrate their TallyAge feedback into their daily lifestyle through the digital member experience. Funds will also be allocated toward various technical, business, and strategic development efforts as the company scales.
Total Amount Raised: $10M. Current Valuation: Not publicly disclosed.
Key Investors
- Forerunner Ventures
- Details: Forerunner Ventures is a venture capital firm known for investing in early-stage companies. They focus on consumer-focused startups that innovate in retail and commerce.
- Investment Focus Areas: Consumer-focused startups, retail, commerce
- Notable Investments: Glossier, Warby Parker, Dollar Shave Club
- L Catterton
- Details: L Catterton is a private equity firm that focuses on consumer brands. They invest in companies across various stages, from early-stage to growth equity.
- Investment Focus Areas: Consumer brands, health and wellness, growth equity
- Notable Investments: Peloton, ClassPass, Equinox
- G9 Ventures
- Details: G9 Ventures is a venture capital firm that invests in innovative startups. They focus on companies that have the potential to create significant social impact.
- Investment Focus Areas: Innovative startups, social impact, health tech
- Notable Investments: Impossible Foods, Beyond Meat, Thrive Market
- Second Sight Ventures
- Details: Second Sight Ventures is a venture capital firm that supports early-stage companies. They focus on technology-driven startups with strong growth potential.
- Investment Focus Areas: Technology-driven startups, early-stage companies, innovative solutions
- Notable Investments: Not specified
- Individual Investors
- Details: This group includes notable celebrities such as John Legend, Chrissy Teigen, Pedro Pascal, Shonda Rhimes, Kevin Hart, Rich Roll, Whitney Cummings, and Zac Efron.
- Investment Focus Areas: Health and wellness, lifestyle brands, technology and innovation
- Notable Investments: Thrive Market (John Legend), Krisp (Chrissy Teigen), Hydrow (Kevin Hart)
What's Next for Tally Health?
With a $10 million seed round and a 270,000-person waitlist, Tally Health is poised to capitalize on the growing demand for longevity and personalized health solutions. The company’s proprietary DNA age test and personalized lifestyle recommendations offer a significant market opportunity.
Future fundraising seems promising, given the high-profile investors already on board. As Tally Health continues to develop new products and enhance its digital member experience, additional funding rounds could further accelerate its growth.
However, challenges such as competition in the longevity space and regulatory hurdles related to genetic testing may arise. Ensuring data privacy and maintaining consumer trust will be crucial as the company scales.
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