Function Secures $298M Series B Funding Led by Redpoint Ventures

Why It Matters

The sizable funding validates Function’s business model and provides resources to broaden its market reach, intensifying competition in the digital health space and signaling strong investor appetite for scalable health‑tech solutions.

Deal Summary

Austin-based health startup Function announced it has closed a $298 million Series B round, led by Redpoint Ventures, raising its valuation to $2.5 billion. The capital will be used to expand its health platform and accelerate product development.