Function Health has raised a total of $106 million across multiple funding rounds, with its largest being a $53 million Series A round in June 2024, led by Andreessen Horowitz Bio + Health. The Austin-based healthcare technology company offers a membership service that includes over 100 lab tests annually, enabling individuals to gain actionable health insights, monitor their overall wellbeing, and make informed improvements. With strategic investors like Kevin Hart and Wisdom VC, Function Health aims to scale personalized health solutions and achieve a $2 billion valuation.
Keep reading to explore Function Health's funding journey, key investors, and what's next for this innovative health platform.
What Is Function Health and What Does It Do?
Founded in 2022 by Daniel Swerdlin, Jonathan Swerdlin, Mark Hyman, Mike Nemke, Pranitha Patil, and Seth Weisfeld, Function Health is headquartered in Austin, Texas, United States. The platform offers members access to over 100 annual lab tests, providing clear, actionable health insights.
With a team of 11–50 employees, Function Health leverages advanced technology to simplify complex medical data, empowering individuals to take proactive control of their health. The company focuses on personalized wellness, longevity, and preventive healthcare.
How Much Funding Has Function Health Raised?
- Seed Round
- Amount Raised: $3M
- Date: March 2022
- Motivation: To kickstart the company's operations and initial platform development.
- Series A
- Amount Raised: $53M
- Date: June 2024
- Lead Investors: Andreessen Horowitz
- Motivation: To support growth, expansion, and strategic partnerships.
- Series B
- Amount Raised: $50M
- Date: February 2025
- Motivation: To scale operations and enhance service offerings.
Total Funding Raised: $106M
Latest Funding Date: February 2025
Key Investors
- Andreessen Horowitz (a16z)
- Details: Leading VC firm focused on technology and healthcare investments; led Function Health's $53M Series A.
- Investment Focus Areas: Technology, healthcare, biotechnology
- Notable Investments: Facebook, Airbnb, Slack
- _able
- Details: Venture firm specializing in health and wellbeing; early investor in Function Health.
- Investment Focus Areas: Health, wellbeing, longevity
- Pari Passu Venture Partners
- Details: VC firm supporting early-stage innovative companies; participated in Function Health's seed round.
- Investment Focus Areas: Technology, healthcare, consumer products
- Kevin Hart
- Details: Comedian and actor who invests in innovative startups.
- Wisdom VC
- Details: Venture capital firm supporting innovative startups.
Where Is Function Health's Headquarters?
Function Health is headquartered in Austin, Texas, United States, providing access to a growing health-tech ecosystem, talent pool, and strategic partnerships in the wellness and longevity space.
What's Next for Function Health?
Function Health is leveraging its $53M Series A funding and nearly 50,000 paying members to expand its personalized health services. Strategic partnerships, including with Equinox, enhance its reach and brand recognition.
Future fundraising is anticipated as the company scales its operations, although challenges such as competition, data privacy, and maintaining rapid growth will require careful navigation. With a focus on preventive health and longevity, Function Health aims to capture a larger share of the personalized wellness market.
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