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Found Valuation, Funding & Investors
Found is valued at $600M as of December 2021.
Last Found valuation
$600M
Series B · Dec 2021
Last Found funding round
$100M
Series B · Dec 2021
Cumulative funding Found raised
$132M
across 3 funding rounds
Key investors in Found
Define Ventures
Atomic
GV
IVP
TCG
Westcap
About Found
Found is a San Francisco-headquartered telehealth company founded in 2019 that prescribes GLP-1 medications like semaglutide for weight loss. It partners with U.S. pharmacies for compounded drugs and serves members across 50 states with virtual coaching and tracking tools.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Valuation
$600M (Dec 2021)
Found Valuation
Found is currently valued at $600M, based on its Series B in December 2021.
The $100M round was led by Westcap, with participation from IVP, GV, Fidji Simo, TCG, Define Ventures and 4 other investors.
Found valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2021 | Series B | $600M |
Found Funding History
Found has raised a total of $132M across 3 funding rounds.
Found's first fundraising round was a $8M seed round in March 2020. The most recent completed round was a $100M Series B in December 2021.
Found funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Series B | Westcap (lead); IVP; GV; Fidji Simo; TCG; Define Ventures; G9 Ventures; Atomic; Julia Taylor Cheek; Able Partners | $100M | $600M | Found is a modern weight care platform offering comprehensive, medically-guided weight loss programs that combine dedicated medical care, personal health coaching, and science-based support to combat obesity and dismantle diet culture. Incubated at Atomic in spring 2020, the company emerged from stealth earlier in 2021 with prior funding including $8M seed and $24M Series A led by GV and Atomic, with Define Ventures participating. On December 16, 2021, Found raised $100M in an oversubscribed Series B round led by WestCap at a $600M valuation, bringing total funding to over $132M. New participants included IVP, The Chernin Group (TCG), G9 Ventures, Able Partners, and angels Fidji Simo (Instacart CEO) and Julia Cheek (Everly Health CEO), alongside existing investors GV, Define Ventures, and Atomic. The funding supports national expansion from 37 states to nationwide by early 2022, infrastructure growth, and hiring key executives like CEO Sarah Jones Simmer, Chief Medical Officer Rekha Kumar, M.D., and Chief Behavioral Health Officer Acacia Parks, Ph.D. Traction includes members losing over 300,000 pounds total, with average 10% body weight loss by month six that is sustained. The company reported 6x revenue run rate growth that year, though specific revenue figures were not disclosed. Allen Mask from WestCap joined the board, emphasizing Found's innovative approach beyond willpower to science and support for lasting results. Found operates in the booming digital health and weight management market, positioning against traditional diet programs with personalized, clinician-backed care accessible remotely. The rapid funding trajectory post-stealth underscores investor confidence in its model amid rising demand for effective obesity solutions. No follow-on rounds or acquisitions noted in sources for this specific event. |
| Jan 2021 | Series A | Atomic (lead); GV (lead); Define Ventures | $24M | - | - |
| Mar 2020 | Seed | Atomic (lead); Define Ventures | $8M | - | - |
Who has invested in Found?
10 investors have backed Found across its funding rounds, including Define Ventures, Atomic, GV, IVP, TCG and Westcap.
Lead investors include Westcap, Atomic and GV.
Found Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Mar 2020 | ||
| 3 | Lead | Mar 2020 | ||
| 2 | Lead | Jan 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
This data is available for Pro users. Sign up to see all 10 Found investors. Start Free Trial | ||||
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Start Free TrialFound Competitors
Found competitors include listed companies like Nyxoah and Kooth, and private ones like Calibrate, Biopeak, Workit Health and THE WELL.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $21M | - | $1.3B | 61.9x | ||
| Private | $2M | - | $250M | 125.0x | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $450M | - | ||
| Publicly listed | $12M | ($97M) | $162M | 3.2x | ||
| Publicly listed | $85M | $13M | $90M | 0.7x |
Found Public Comps
Found is still privately-owned, but its public comps include Guiyang Longmaster, Medley Inc., Shua Fitness, Sportsoul, Sphere, Talkspace, Escalade, American Well, Helus Pharma and H100 Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $44M | $5M | 10.0x | - | 87.9x | - | |||
| $236M | $32M | 2.1x | 1.8x | 15.7x | 13.2x | |||
| $234M | $26M | 3.1x | 2.8x | 27.9x | 21.1x | |||
| $68M | ($4M) | 4.8x | 4.5x | (88.7x) | - | |||
| $70M | $6M | 14.3x | 6.9x | 156.3x | 103.0x | |||
| $229M | $6M | 3.4x | 3.4x | 129.3x | 49.4x | |||
| $240M | $24M | 1.1x | 1.1x | 11.2x | 8.7x | |||
| $249M | ($63M) | 0.2x | 0.2x | (0.8x) | (3.1x) | |||
This data is available for Pro users. Sign up to see all Found competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Found
| When was Found founded? | Found was founded in 2019. |
| Where is Found headquartered? | Found is headquartered in San Francisco, CA, United States. |
| Is Found publicly listed? | No, Found is a private, VC-backed company. |
| What is Found's valuation? | Found was last valued at $600M in its Series B in December 2021. |
| How much funding has Found raised? | Found has raised $132M across 3 funding rounds. |
| What was Found's last funding round? | Found's last funding round was a $100M Series B in December 2021, led by Westcap. |
| Who are Found's investors? | Found's investors include Define Ventures, Atomic, GV, IVP, Fidji Simo, TCG, G9 Ventures, Julia Taylor Cheek, Westcap and Able Partners. |
| Which companies are comparable to Found? | Companies comparable to Found include Calibrate, Biopeak, Workit Health, THE WELL, Nyxoah and Kooth. |
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