Found
Found Raises $100M in Series B
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.
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