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Function raises Series A funding led by Andreessen Horowitz Bio + Health to provide access to over 100 lab tests

Jun 25, 2024•about 1 year ago

Round Type

series a

AustinHealth Care

Investors

A16z Cultural Leadership FundAndreessen Horowitz Bio + Health

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.

Company Information

Company

Function Health

Location

Austin, Texas, United States

About

Function Health is a revolutionary health management platform dedicated to empowering individuals to achieve 100 healthy years through proactive health solutions. With access to a comprehensive list of lab tests, including the innovative Galleri test for early cancer detection, Function Health aims to transform cancer care and facilitate better health outcomes. The platform fuses state-of-the-art data science with personalized health insights. Function Health is committed to educating and equipping its members with the tools necessary for early disease detection and management.

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

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