Funding round
Function Health Series B
Function Health, which works in health and wellness membership program services in College Station, raised $300M in a Series B round announced on 1 May 2025, led by Redpoint Ventures, at a $2.50B post-money valuation. 1 firm took part. It is Function Health's second venture round on record; the one before was a Series A in Jun 2024.
$300M
Amount raised
$2.50B
Post-money valuation
$2.20B pre-money
1
Investors
1 lead
13x
Step-up from the Series A
$191M in Jun 2024
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Function Health at $2.50B after the new money, 13.1 times the $191M of its Series A (Jun 2024). The $300M bought investors about 12% of the company. It came 11 months after Function Health's Series A. It is 39% of the $765M Function Health has raised in the venture rounds on record. Function Health raised again 14 months later: a Growth round of $450M in Jul 2026, at $2.50B post-money.
Function Health's funding rounds
Function Health has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Redpoint Ventures led the round.
Lead investor
- Redpoint Ventures backs 194 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series B rounds in Medical Laboratories:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Laboratories | 15 Jul 2025 | $24M | not disclosed | 5AM Ventures |
| Medical Laboratories | 9 Oct 2024 | $15M | not disclosed | Foundry |
| Medical Laboratories | 27 Jan 2026 | $10M | not disclosed | Ashish Kacholia and Lashit Sanghvi |
| Medical Laboratories | 21 Aug 2024 | $21M | not disclosed | Eventide Asset Management |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Function Health raise in its Series B round?
Function Health raised $300M in its Series B round, announced in May 2025.
Who led Function Health's Series B round?
Redpoint Ventures led it.
What was Function Health's valuation at the Series B round?
$2.50B post-money ($2.20B pre-money).
Did Function Health raise again after this round?
Yes: a Growth round in Jul 2026 of $450M at $2.50B post-money.