Funding round
Function Health Growth
Reported as "Growth Equity"
Function Health, which works in health and wellness membership program services in College Station, raised $450M in a Growth round announced on 31 Jul 2026, led by General Catalyst, at a $2.50B post-money valuation. 1 firm took part. It is Function Health's third venture round on record; the one before was a Series B in May 2025.
$450M
Amount raised
of which $450M debt
$2.50B
Post-money valuation
1
Investors
1 lead
1.0x
Step-up from the Series B
$2.50B in May 2025
Valuation
What this round says about the price
This round priced Function Health at $2.50B after the new money, 1.0 times the $2.50B of its Series B (May 2025). It came 14 months after Function Health's Series B. It is 59% of the $765M Function Health has raised in the venture rounds on record. No later venture round is on record for Function Health.
Function Health's funding rounds
Function Health has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
General Catalyst led the round.
Lead investor
- General Catalyst backs 574 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time: 2 in Medical Laboratories, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Laboratories | 12 Feb 2026 | $184M | not disclosed | Hayfin |
| GlycanAge Medical Laboratories | 31 Dec 2025 | $8.8M | not disclosed | Fifth Quarter Ventures |
| Blue Origin Aerospace and Defence | 8 Jul 2026 | $10.00B | $130.00B | Coatue |
| Safe Superintelligence Tech Companies | 27 Jul 2026 | $5.00B | not disclosed | Nvidia Corp. |
| IM8 Health Vitamins & Supplements | 14 Jul 2026 | $1.00B | not disclosed | not named |
| Keyfactor Tech Companies | 6 Jul 2026 | $1.00B | not disclosed | Summit Partners |
| Merritt Properties Real Estate Rental | 1 Jul 2026 | $750M | not disclosed | Centerbridge Partners |
| NEOM Green Hydrogen Company Chemicals | 25 Jul 2026 | $500M | not disclosed | not named |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Function Health raise in its Growth round?
Function Health raised $450M in its Growth round, announced in Jul 2026.
Who led Function Health's Growth round?
General Catalyst led it.
What was Function Health's valuation at the Growth round?
$2.50B post-money.