About Function Health
Function Health is a company based in United States founded in 2022 by Jonathan Swerdlin.. Function Health has raised $351 million across 2 funding rounds from investors including Andreessen Horowitz, Wisdom and Draft Ventures. Function Health has completed 2 acquisitions, including Ezra and Getlabs. Function Health offers products and services including Function Membership, Lab Tests, and Clinician Summary. Function Health operates in a competitive market with competitors including Healthy.io, LetsGetChecked, Everlywell, DoctorC and Lykon, among others.
- Headquarter United States
- Founders Jonathan Swerdlin
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Function Health, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$351 M (USD)
in 2 rounds
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Latest Funding Round
$298 M (USD), Series B
Nov 19, 2025
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Investors
Andreessen Horowitz
& 28 more
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Employee Count
Employee Count
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Investments & Acquisitions
Ezra
& 1 more
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Products & Services of Function Health
Function Health offers a comprehensive portfolio of products and services, including Function Membership, Lab Tests, and Clinician Summary. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Annual plan for 100+ lab tests and personalized insights
Comprehensive tests for blood, urine, and biomarkers
Written reports on test results and recommendations
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Funding Insights of Function Health
Function Health has successfully raised a total of $351M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $298 million completed in November 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $298.0M
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First Round
First Round
(25 Jun 2024)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Series B - Function Health | Valuation | Redpoint Ventures | |
| Jun, 2024 | Amount | Series A - Function Health | Valuation | a16z |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Function Health
Function Health has secured backing from 29 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Andreessen Horowitz, Wisdom and Draft Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Wisdom is focused on investments in health and longevity ventures.
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Founded Year | Domain | Location | |
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Seed and early-stage US tech/offline companies are invested in.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Function Health
Function Health has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ezra and Getlabs. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-based cancer screening is provided via MRI protocols for patients.
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2018 | ||||
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At-home lab appointments are booked via a specialized platform.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Function Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Function Health Comparisons
Competitors of Function Health
Function Health operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Healthy.io, LetsGetChecked, Everlywell, DoctorC and Lykon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Smartphone-enabled urine test analysis is provided for home diagnostics.
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| domain | founded_year | HQ Location |
Online platform to order at home diagnostic tests for all health conditions
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| domain | founded_year | HQ Location |
At-home health tests for biomarkers, nutrition, and hormone analysis.
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| domain | founded_year | HQ Location |
DoctorC is engaged in providing online diagnostic tests and consultations.
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| domain | founded_year | HQ Location |
Online platform for preventive care testing
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| domain | founded_year | HQ Location |
At-home diagnostic tests are booked and collected by phlebotomists.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Function Health
Frequently Asked Questions about Function Health
When was Function Health founded?
Function Health was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Function Health located?
Function Health is headquartered in United States.
Who is the current CEO of Function Health?
Jonathan Swerdlin is the current CEO of Function Health. They have also founded this company.
Is Function Health a funded company?
Function Health is a funded company, having raised a total of $351M across 2 funding rounds to date. The company's 1st funding round was a Series A of $53M, raised on Jun 25, 2024.
What does Function Health do?
Function Health was founded in 2022 in the United States, operating within the preventive health sector. A comprehensive annual panel of lab tests is conducted to assess individual health status in detail. Physician insights and summaries are then supplied, along with interpretive guidance. Follow-up tests are offered to track changes over time. Results are stored securely for personal access and sharing with other providers, supporting ongoing health management.
Who are the top competitors of Function Health?
Function Health's top competitors include Healthy.io, Orange health and LetsGetChecked.
What products or services does Function Health offer?
Function Health offers Function Membership, Lab Tests, and Clinician Summary.
How many acquisitions has Function Health made?
Who are Function Health's investors?
Function Health has 29 investors. Key investors include Andreessen Horowitz, Wisdom, Draft Ventures, G9 Ventures, and K5 Ventures.