Found Raises $100M in Series B

Found has successfully raised $100M in a Series B at a $400M valuation led by Define Ventures, Atomic, True Ventures, 8VC.

Company Overview

Found is a HealthTech company headquartered in 2261 Market Street, San Francisco, CA 94114, founded in 2019 with 200+ employees.

Medically-supported weight care

Fundraising Details

Amount Raised: $100M
Round Type: Series B
Valuation: $400M
Date: 2024-06-17
Investors: Define Ventures, Atomic, True Ventures, 8VC

About Found

Medically-supported weight care The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 2261 Market Street, San Francisco, CA 94114
Founded: 2019
Team Size: 200+
Industry: HealthTech

What This Means

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

Valuation Milestone

Reaching a $400M valuation marks an important milestone for Found, positioning the company among notable players in the HealthTech industry.

Looking Ahead

With this new capital, Found 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 2024-06-17. For more information about Found, visit their headquarters at 2261 Market Street, San Francisco, CA 94114.