Function Health

Function Health Raises $298 million in Series B

Function Health has successfully raised $298 million in a Series B at a $2.5 billion valuation led by Redpoint Ventures.

Company Overview

Function Health is a HealthTech company headquartered in Austin TX, founded in 2023 with 400+ employees.

Function Health provides comprehensive preventive health testing and analysis including whole-body MRI scans and over 100 lab tests. The company unveiled Medical Intelligence Lab an AI model that provides personalized health insights based on users data content and research.

Fundraising Details

• Amount Raised: $298 million
• Round Type: Series B
• Valuation: $2.5 billion valuation
• Date: 2025-11-19
• Investors: Redpoint Ventures and Andreessen Horowitz and Battery Ventures and NFDG and Superhuman founder Rahul Vohra

About Function Health

Function Health provides comprehensive preventive health testing and analysis including whole-body MRI scans and over 100 lab tests. The company unveiled Medical Intelligence Lab an AI model that provides personalized health insights based on users data content and research. The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Austin TX
• Founded: 2023
• Team Size: 400+
• Industry: HealthTech

What This Means

This funding round demonstrates strong investor confidence in Function Health'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. Function Health's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching $2.5 billion valuation marks an important milestone for Function Health, positioning the company among notable players in the HealthTech industry.

Looking Ahead

With this new capital, Function Health 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 2025-11-19. For more information about Function Health, visit their headquarters at Austin TX.