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Function Secures $450 Million Growth Financing from General Catalyst to accelerate its mission of enhancing health ownership.

PRIVATEJul 30, 202610 days ago

Amount Raised

$450 Million

Round Type

Venture - Series Unknown

AustinHealth Care

Investors

General Catalyst

Description

Function announced the closing of $450 million in growth financing from General Catalyst's Customer Value Fund. This funding will accelerate the company's mission to help millions more people own their health. The financing underscores conviction in Function's vision to change health ownership. The capital will enable Function to bring its platform to millions more people faster.

Company Information

Company

Function

Location

Austin, Texas, United States

About

Function is a platform that provides patients with access to over 100 lab tests at a single annual cost of $499. It aims to remove barriers around extensive lab testing and empower individuals to take control of their health. The company also provides comprehensive, actionable insights from top doctors and thousands of hours of research, aiming to help members become their greatest advocates.

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Verified contactsJonathan S., Co-founder & CEO hidden hidden hidden
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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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