Function Adds $53M for Preventative Lab Tests

Function Health

For Function Health, longevity is personal.

What’s happening: The preventative diagnostics platform closed a Series A investment led by a16z’s Bio + Health fund, bringing its total funding to $53M.

Joined by a host of notable investors—including actors Matt Damon and Kevin Hart, athletes Joel Embiid and Blake Griffin, and execs like Equinox’s Harvey Spevak and Seed’s Ara Katz—Function plans to upend traditional healthcare.

Test & Address

Function is driven by a simple goal: treat problems before you get sick.

Co-founded by functional medicine expert Dr. Mark Hyman, the company leverages biometric data from 100-test diagnostic panels to improve healthspan.

According to co-founder & COO Pranitha Patil, it’s a common-sense approach with broad appeal:

“70% of all medical decisions are based on lab tests, and despite there being hundreds of routine, life-changing diagnostics tests available, an average annual physical only includes <20 biomarkers.”

Operating in beta since April, Function counts 50K paying customers and another 200K  waitlisted.

Functional fitness. A proponent of lifestyle medicine, the company partnered with premium gym chain Equinox this year, allowing trainers to translate comprehensive tests into proactive plans.

Looking ahead: Losing faith in traditional healthcare, more people are seeking preventative scans, alternative medicine, and longevity protocols. Democratizing diagnostics, Function wants to prioritize health over healthcare.

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