Hims & Hers Raises $200M in Series D
Hims & Hers has successfully raised $200M in a Series D at a $1.6B valuation led by Thrive Capital, Forerunner Ventures.
Company Overview
Hims & Hers is a HealthTech company headquartered in San Francisco, CA, founded in 2017 with 600+ employees.
Telehealth and wellness platform
Fundraising Details
- Amount Raised: $200M
- Round Type: Series D
- Valuation: $1.6B
- Date: 2020-01-23
- Investors: Thrive Capital, Forerunner Ventures
About Hims & Hers
Telehealth and wellness platform The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2017
- Team Size: 600+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in Hims & Hers's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Hims & Hers's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.6B valuation marks an important milestone for Hims & Hers, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, Hims & Hers is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2020-01-23. For more information about Hims & Hers, visit their headquarters at San Francisco, CA.
