FUNDING
Key Metrics
Company Snapshot
Function Health is a Healthcare AI company, based in Austin, Texas, USA, founded 2021 by Jonathan Swerdlin, Mark Hyman. Total funding $350M (As of Nov 19, 2025).
Recent changes
- Jul 31, 2026Jul 31, 2026Raised $450M Series B at a $298 million valuation MedCity News
- Jul 31, 2026Jul 31, 2026Function Health Raises $450M From General Catalyst Pulse story
- Nov 19, 2025Nov 19, 2025Raised $298M Series B at a $2.5B valuation TechCrunch
- Nov 19, 2025Nov 19, 2025First reported total funding: $350M TechCrunch
- Nov 19, 2025Nov 19, 2025New investor: Andreessen Horowitz TechCrunch
Earlier changes (4)
- Nov 19, 2025Nov 19, 2025New investor: Battery Ventures TechCrunch
- Nov 19, 2025Nov 19, 2025New investor: Aglaé Ventures TechCrunch
- Nov 19, 2025Nov 19, 2025New investor: Alumni Ventures TechCrunch
- Nov 19, 2025Nov 19, 2025New investor: Redpoint Ventures TechCrunch
Funding History
2 events · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jul 31, 2026 | Series B | $450M | $298 million | Pulse story | |
| Nov 19, 2025 | Series B | $298M | $2.5B | outlined = lead | TechCrunch |
Investors
Latest Pulse
- Aug 7, 2026This Week's Mega-Rounds, By the NumbersHadrian's $1.37B round, Function Health's $450M raise and OLIX's $312M photonic-chip round pushed this week's three largest US-linked venture rounds past $2.1B combined, none of it going to a foundation model.→
- Aug 3, 2026Healthcare AI Funding Is Splitting Into a BarbellFunction Health's $450 million growth round at a $2.5 billion valuation and Assured's $19 million Series A, closing within a day of each other, show healthcare AI capital concentrating at the very top and very bottom of the check-size range at once.→
- Jul 31, 2026Function Health Raises $450M From General CatalystFunction Health raised $450 million in growth financing from General Catalyst's Customer Value Fund, eight months after a $298 million Series B, to keep scaling its lab-testing-and-imaging preventive health platform nationwide.→
Coverage Timeline
newest firstAll Coverage
FUNDING~$2.13B combined
This Week's Mega-Rounds, By the Numbers
Hadrian's $1.37B round, Function Health's $450M raise and OLIX's $312M photonic-chip round pushed this week's three largest US-linked venture rounds past $2.1B combined, none of it going to a foundation model.
BY THE NUMBERS
FUNDING
Healthcare AI Funding Is Splitting Into a Barbell
FUNDING
Healthcare AI Funding Is Splitting Into a Barbell
Function Health's $450 million growth round at a $2.5 billion valuation and Assured's $19 million Series A, closing within a day of each other, show healthcare AI capital concentrating at the very top and very bottom of the check-size range at once.
FUNDING
Function Health Raises $450M From General Catalyst
FUNDING$450M Growth Round
Function Health Raises $450M From General Catalyst
Function Health raised $450 million in growth financing from General Catalyst's Customer Value Fund, eight months after a $298 million Series B, to keep scaling its lab-testing-and-imaging preventive health platform nationwide.
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Sources & methodologyshow
Where these figures come from
- TechCrunchmajor outlet2 facts
- MedCity NewsValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.