Funding round
Flourish Labs Growth
Reported as "Growth Equity"
Flourish Labs, which works in mental health peer support services in San Francisco, raised $500M in a Growth round announced on 5 Jun 2026, led by Lux Capital, at a $2.50B post-money valuation. 4 firms took part. It is Flourish Labs' second venture round on record; the one before was a Seed in Oct 2023.
$500M
Amount raised
$2.50B
Post-money valuation
$2.00B pre-money
4
Investors
1 lead
20%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Flourish Labs at $2.50B after the new money. The $500M bought investors about 20% of the company. It came 32 months after Flourish Labs' Seed. It is 99% of the $507M Flourish Labs has raised in the venture rounds on record. No later venture round is on record for Flourish Labs.
Flourish Labs' funding rounds
Flourish Labs has 2 venture rounds on record. This one is highlighted.
- Seed 10 Oct 2023, led by Gradient and Collaborative Fund $6.6M
- Growth this round 5 Jun 2026, led by Lux Capital $500M$2.50B post-money
Investors
Who put money in
Lux Capital led the round with 3 other firms.
Lead investor
- Lux Capital backs 194 venture-backed companies new investor
Also in the round
- GV backs 428 venture-backed companies new investor
- backs 57 venture-backed companies new investor
- Jeff Bezos
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Psychologists & Counseling Services, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Psychologists & Counseling Services | 11 Sep 2025 | $26M | not disclosed | Trinity Capital |
| Psychologists & Counseling Services | 11 Sep 2025 | undisclosed | not disclosed | Station Partners |
| DeepSeek Tech Companies | 3 Jun 2026 | $7.40B | $50.00B | Tencent and CATL |
| Ice Cream | 15 Jun 2026 | $4.20B | not disclosed | not named |
| Property Management | 2 Jun 2026 | $3.14B | not disclosed | not named |
| United Solar Chemicals | 10 Jun 2026 | $1.60B | not disclosed | not named |
| USA Rare Earth Minerals, Earths & Ores | 30 Jun 2026 | $1.60B | not disclosed | not named |
| Stegra Scrap Metals | 24 Jun 2026 | $1.59B | not disclosed | Wallenberg Investments |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Flourish Labs raise in its Growth round?
Flourish Labs raised $500M in its Growth round, announced in Jun 2026.
Who led Flourish Labs' Growth round?
Lux Capital led it, with GV, Catalio Capital Management and Jeff Bezos.
What was Flourish Labs' valuation at the Growth round?
$2.50B post-money ($2.00B pre-money).