Company intelligence

Function Health

As of November 19, 2025, Function Health was last valued at $2.5B (November 2025 Series B) and has raised at least $298M in equity across 1 sourced funding round.

Preventive-health lab-testing platform; raised a $298M Series B at a $2.5B valuation in November 2025, then $450M from General Catalyst's Customer Value Fund in July 2026.

Healthcare AIAustin, Texas, USAFounded 2021Founders: Jonathan Swerdlin, Mark HymanWebsite ↗See connections →Compare with Mind Robotics
Last verified Jul 2026

Function Health at a glance

As of
Latest valuation
$2.5B[1]
Series B · November 2025Derived
Equity raised
$298M[2]
Across 1 sourced roundDerived
Lead investors
Redpoint Ventures[3]
Series B · November 2025
Founded
2021[4]
Headquarters
Austin, Texas, USA[5]
  1. [1] Latest valuation: TechCrunch, November 19, 2025
  2. [2] Equity raised: Sum of the 1 sourced equity round in the funding history below (debt, tender offers and rumored rounds excluded), November 19, 2025
  3. [3] Lead investors: TechCrunch, November 19, 2025
  4. [4] Founded: Wikipedia (retrieved September 5, 2026)
  5. [5] Headquarters: TechCrunch (retrieved November 19, 2025)
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Company Snapshot

Function Health is a healthcare AI company, based in Austin, Texas, USA, founded 2021 by Jonathan Swerdlin, Mark Hyman.

Recent changes

  1. Jul 31, 2026Function Health Raises $450M From General Catalyst Pulse story
  2. Jul 30, 2026Raised $450M Revenue-based growth financing MedCity News
  3. Nov 19, 2025Raised $298M Series B at a $2.5B valuation TechCrunch
  4. Nov 19, 2025First reported total funding: $350M TechCrunch
  5. Nov 19, 2025First reported valuation: $2.5B TechCrunch
Earlier changes (7)
  1. Nov 19, 2025New investor: Andreessen Horowitz TechCrunch
  2. Nov 19, 2025New investor: Battery Ventures TechCrunch
  3. Nov 19, 2025New investor: Aglaé Ventures TechCrunch
  4. Nov 19, 2025New investor: Alumni Ventures TechCrunch
  5. Nov 19, 2025New investor: Redpoint Ventures TechCrunch
  6. Jun 2024Raised $53M Series A at a $191M valuation Value Add Pulse enrichment
  7. Mar 2022Raised $3M Value Add Pulse enrichment

Funding history

3 equity events · newest first · sources dated per row
DateRoundAmountValuationLead investorsSource
Nov 19, 2025Series B$298M$2.5Bpost-money
Redpoint Ventures
WithAndreessen HorowitzAglaé VenturesAlumni VenturesBattery Ventures
TechCrunch
Jun 2024Series Anot counted: no linked source$53M$191Mpost-money
—
Value Add Pulse research
Mar 2022Funding roundnot counted: no linked source$3M—
—
Value Add Pulse research

Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.

Funding timeline · 3 rounds · $354M tracked
$0.0M$167M$334M$3.0MRoundMar 22$53MSeries AJun 24$298MSeries BNov 25

Debt, IPO & other events

not counted in equity raised
DateEventAmountValuationInvestorsSource
Jul 30, 2026Revenue-based growth financing$450M—
Pulse story

Investors

Redpoint VenturesAglaé VenturesAlumni VenturesAndreessen HorowitzBattery VenturesGeneral CatalystSeedcampSpacecadetSV AngelWisdom.vc

Latest Pulse

  1. Daniel Ek's Body-Scan Startup Neko Opens in USNeko Health, the full-body scanning startup co-founded by Spotify CEO Daniel Ek, has officially launched in the US after opening its first American office in Manhattan.→
  2. Two Retail CEOs Close a $17M Debut FundCapital F closed a $17 million debut fund led by former Credo Beauty CEO Dawn Dobras and founder Margaret Coblentz, writing $250K-$1M checks into women's health, digital commerce and AI trust and safety.→
  3. Daniel Ek's Neko Health Opens First US Clinic in SoHoNeko Health will open its first American location on September 24 at 300 Lafayette Street in SoHo, with more than 25,000 New Yorkers already on the waitlist, a month after raising a $700 million Series C.→
  4. This 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.→
  5. Healthcare 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.→
  6. Function 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.→
  7. Daniel Ek's Neko Health Raises Another $700MNeko Health, Daniel Ek's full-body scanning startup, raised another $700 million, extending one of the largest consumer health-tech rounds of the year as it scales its scanning-clinic network.→

Coverage Timeline

newest first
  1. Aug 7, 2026FUNDINGThis Week's Mega-Rounds, By the Numbers~$2.13B combined→
  2. Aug 3, 2026FUNDINGHealthcare AI Funding Is Splitting Into a Barbell→
  3. Jul 31, 2026FUNDINGFunction Health Raises $450M From General Catalyst$450M Growth Round→

All Coverage

FUNDING

This Week's Mega-Rounds, By the Numbers

Illustration for: This Week's Mega-Rounds, By the Numbers
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

Illustration for: 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.

Value Add Research

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Function Health FAQ

What is Function Health's valuation?

Function Health was last valued at $2.5B in its November 2025 Series B, according to TechCrunch (November 19, 2025).

How much has Function Health raised?

Function Health has raised at least $298M in equity across 1 sourced funding round tracked by Value Add VC. The most recent was a $298M Series B in November 2025 at a $2.5B post-money valuation, reported by TechCrunch. Debt financing, tender offers and secondary sales are not counted.

Who invested in Function Health?

Lead investors in Function Health's sourced funding rounds include Redpoint Ventures. Per round: its November 2025 Series B was led by Redpoint Ventures.

When was Function Health founded and where is it based?

Function Health was founded in 2021 and is headquartered in Austin, Texas, USA, according to Wikipedia and TechCrunch.

Sources & methodologyshow
Where these figures come from
  • TechCrunchmajor outlet2 facts
  • Value Add Pulse researchValue Add VC data3 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.

How we verify data ·