Function raises Series A funding led by Andreessen Horowitz Bio + Health to provide access to over 100 lab tests
Round Type
Series A
AustinBiotechnologyHealth CareMedicalInvestors
Description
Function, a platform that provides patients with access to over 100 lab tests at a single cost of $499 per year, has announced the close of its Series A round led by Andreessen Horowitz (a16z) Bio + Health, with support from the a16z Cultural Leadership Fund. The size of the round was not disclosed, but it brings the company's total funding to $53 million.
Quick answer
Function raised an undisclosed amount in a Series A round, dated June 25, 2024. Investors: Andreessen Horowitz (a16z) Bio + Health and A16z Cultural Leadership Fund. Function is based in Austin, Texas, United States.
- How much did Function raise?
- Function raised an undisclosed amount in a Series A round on June 25, 2024.
- Who invested in Function?
- Andreessen Horowitz (a16z) Bio + Health and A16z Cultural Leadership Fund are named as investors in this round.
- What does Function do?
- Function is a platform that provides patients with access to over 100 lab tests at a single annual cost of $499.
- Where is Function based and how big is it?
- Function is based in Austin, Texas, United States. Fundz records about 2 employees.
- Who are the decision-makers at Function?
- Fundz holds 5 contacts at Function, including the Co-founder & CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Medical and Biotechnology around the same time
Companies in the same sectors as Function that raised within 45 days of this round, from Fundz verified event records.
- Xtant Medical Holdings raised $5M on August 9, 2024.
- SigTuple raised $4M (Series C) on August 6, 2024.
- NeuroOne Medical Technologies Corporation raised $276K on August 2, 2024.
- Vital Care raised an undisclosed amount (Corporate Round) on August 1, 2024.
- Lipella Pharmaceuticals raised $120K on July 31, 2024.
- Protembis GmbH raised $22M (Debt Financing) on July 30, 2024.
Who to call at Function, and when
A new round usually means Function is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Function raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Function, from your own LinkedIn network
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What this usually meansFunction raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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