Hims & Hers Raises $75M in Series Unknown

Hims & Hers has successfully raised $75M in a Series Unknown at a $6B valuation led by Institutional Venture Partners, Forerunner Ventures, Founders Fund, Redpoint Ventures.

Company Overview

Hims & Hers is a HealthTech company headquartered in 200 California Street, San Francisco, CA 94111, founded in 2017 with 1000+ employees.

Telehealth platform

Fundraising Details

Amount Raised: $75M
Round Type: Series Unknown
Valuation: $6B
Date: 2024-07-18
Investors: Institutional Venture Partners, Forerunner Ventures, Founders Fund, Redpoint Ventures

About Hims & Hers

Telehealth platform The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 200 California Street, San Francisco, CA 94111
Founded: 2017
Team Size: 1000+
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 $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.

This fundraising news was reported on 2024-07-18. For more information about Hims & Hers, visit their headquarters at 200 California Street, San Francisco, CA 94111.