Function Health raises $298M Series B at $2.5B valuation, led by Redpoint Ventures

Function Health/Function Membership

Function Health closed a $298M Series B round at $2.5B valuation, led by Redpoint Ventures, with participation from Andreessen Horowitz, Battery Ventures and others. By November 2025, the company had completed over 50 million lab tests.

• Series B valuation: $2.5 billion; $298M raised from Redpoint and other VCs.
• Investors include Andreessen Horowitz (a16z), Battery Ventures, NFDG, and various athletes and founders.
• Capital earmarked for Medical Intelligence Lab initiatives and international expansion.
• Company had completed 50+ million lab tests since 2023 launch; hundreds of thousands of members.