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HomeFunding TX-based Function Raises Series A Funding

[Funding News] TX-based Function Raises Series A Funding

Function has raised Series A funding round led by Andreessen Horowitz (a16z) Bio + Health with support from the a16z Cultural Leadership Fund, bringing its total funds to $53 million. Additional investors include Wisdom.vc, Draft Ventures, K5, G9 Ventures, 53 Stations, Matt Damon (Actor), Ari Emanuel (CEO of Endeavor), Kevin Hart (Comedian & actor), Joel Embiid's (NBA's 2023 MVP) Embiid Ventures, Jay Shetty (award-winning podcast host), Blake Griffin (former NBA), Zac Efron (Actor), Jimmy Rollins (former MLB), Colin Kaepernick (former NFL), Dr. Casey Means, Pedro Pascal (Actor), Ara Katz (Co-founder of Seed), Harvey Spevak (Equinox Chairman), Harpreet Singh Rai (Former CEO of Oura), Jeff Dean, and others.

Function has raised Series A funding round led by Andreessen Horowitz (a16z) Bio + Health with support from the a16z Cultural Leadership Fund, bringing its total funds to $53 million. Additional investors include Wisdom.vc, Draft Ventures, K5, G9 Ventures, 53 Stations, Matt Damon (Actor), Ari Emanuel (CEO of Endeavor), Kevin Hart (Comedian & actor), Joel Embiid’s (NBA’s 2023 MVP) Embiid Ventures, Jay Shetty (award-winning podcast host), Blake Griffin (former NBA), Zac Efron (Actor), Jimmy Rollins (former MLB), Colin Kaepernick (former NFL), Dr. Casey Means, Pedro Pascal (Actor), Ara Katz (Co-founder of Seed), Harvey Spevak (Equinox Chairman), Harpreet Singh Rai (Former CEO of Oura), Jeff Dean, and others.

Read also – [Funding News] Qure.ai Secures Strategic Investment by Merck Global Health Innovation Fund

The new capital validates Function’s paradigm-shifting approach and will be used to rapidly scale its technology, increasing access to whole-body testing and empowering more people to take control of their health. Since its beta release in April 2023, Function has become the fastest-growing health platform in America, with nearly 50,000 paying members and a waitlist of over 200,000 people. It also recently established a strategic partnership with leading fitness company Equinox, integrating its platform with a robust network of trainers to enhance the wellness experience.

Read also – [Funding News] NYC-based Adonis Raises $31M Series B Funding

“Function is the first with a mission of empowering you to live 100 healthy years. We’re introducing a revolutionary approach to lifelong health, starting with the most comprehensive lab testing to help you understand what’s actually happening inside your body and what to do to stay ahead of disease and feel your best,” said Function co-founder and CEO Jonathan Swerdlin. “Function isn’t just a company; it’s a movement of people of all ages taking control of their health. We’re at a historical juncture where technology and culture are converging to redefine our relationship with our own biology. This moment sets the stage for a future where the latest research and innovation seamlessly integrate into our lives in service of less suffering and more years. The possibilities are boundless. This is about health, not healthcare, happening outside traditional systems, yet supported by the world’s top doctors and experts.”

“We’re proud to partner with Function Health, a company that has already transformed many thousands of lives,” said Vijay Pande, PhD., Founding General Partner, a16z Bio + Health. “Function is reinventing healthcare with speed and scale. Their clear and novel approach to preventing suffering and avoidable deaths is setting a new standard for global health.”

About Function

Founded in 2022, Function is the first health platform to include 100+ lab tests, helping individuals understand their whole body—from heart and hormones to thyroid, nutrients, toxins, autoimmunity, immunity, and beyond. Unlike traditional testing, which is often costly, inaccessible, and done reactively, Function offers these 100+ lab tests along with detailed and actionable insights from the world’s top doctors at just $499 per year, with no hidden costs, surprise bills, or insurance involved.

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