Function Health Secures $298M Series B, Valued at $2.5B

Why It Matters

The infusion of capital and AI capabilities positions Function Health to become a leading integrated health‑data platform, potentially reshaping consumer health management and intensifying competition among digital wellness and AI‑driven health startups.

Deal Summary

Function Health announced a $298 million Series B round led by Redpoint Ventures, pushing its valuation to $2.5 billion. The round also included participation from a16z, Aglaé Ventures, Alumni Ventures, Battery Ventures, NFDG and other investors, fueling the launch of its Medical Intelligence Lab AI platform.