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- Lark
Lark Funding, Investors & Competitors
Lark has raised $180M across 4 funding rounds, most recently a $100M Series D in October 2021.
Last Lark funding round
$100M
Series D · Oct 2021
Cumulative funding Lark raised
$180M
across 4 funding rounds
Key investors in Lark
Weili Dai
Putnam Premier IT
Pegasus Tech Ventures
Asset Management Ventures (AMV)
Olive Tree Capital
King River Capital
IPD Capital
Lightspeed Venture Partners
About Lark
Lark is a Mountain View-headquartered digital health platform preventing chronic diseases through AI coaching and connected devices. Its CDC-recognized programs for diabetes prevention, hypertension, and wellness serve 1.5 million users, with outcomes published in journals like JMIR. Founded in 2011, it integrates wearables from Fitbit and Apple Watch for 24/7 personalized nudges, partnering with employers like Verizon.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Subscription
Lark Funding History
Lark has raised a total of $180M across 4 funding rounds.
Lark's first fundraising round was a $3M seed round in October 2013. The most recent completed round was a $100M Series D in October 2021.
Lark funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2021 | Series D | Deerfield (lead); Putnam Premier IT; Olive Tree Capital; Weili Dai; PFM Health Sciences; Castlepeak; King River Capital; IPD Capital | $100M | Lark Health is a digital health startup headquartered in Mountain View, California, specializing in AI-powered virtual care for chronic condition management, including obesity, pre-diabetes, diabetes, hypertension, and heart health, delivered via conversational AI coaching, smart devices, and tele-monitoring. The platform provides 24/7 personalized care through a text-message-like interface, serving over 2 million people, and integrates with health plans and employers; its Diabetes Prevention Program holds full CDC recognition. On October 13, 2021, Lark Health raised $100M in a Series D round led by Deerfield, with participation from Castlepeak, Putnam Premier IT, IPD Capital, King River Capital, Olive Tree Capital, PFM Health Sciences, and Weili Dai, bringing total funding to $198.2M across 8 rounds. |
| Oct 2020 | Series C | King River Capital (lead); Putnam Premier IT; Olive Tree Capital; Weili Dai; Asset Management Ventures (AMV); Jonathan Fielding; Lightspeed Venture Partners; SteelSky Ventures; IPD Capital | $55M | - |
| Feb 2017 | Series B | Brendan Wallace; Weili Dai; OMRON; Philippe Suchet; Pegasus Tech Ventures | $22M | Lark Health is a Mountain View, California-based healthcare technology company founded in 2011, specializing in AI-driven personalized health coaching to manage chronic conditions like diabetes, hypertension, and weight management through automated real-time coaching for healthcare providers and insurers. The company targets cost-effective, scalable solutions and has expanded services to support GLP-1 medications for employee weight management programs serving over 2 million patients. Lark has raised substantial funding across multiple rounds, including a $55 million Series C in October 2020 led by King River Capital with participants like Franklin Templeton, SteelSky Ventures, Olive Tree Capital, Lightspeed Ventures, Asset Management Ventures, Dr. Jonathan Fielding, and Weili Dai, followed by $15 million in debt facilities, bringing total equity and debt funding over $100 million at that point. A $100 million Series D was closed in 2021 led by Deerfield Management. Total funding reached approximately $788.69 million by a Series D in October 2021 valued at $788.69 million, with $187.64 million in the last round. Investors in Lark include Omron Ventures, Pegasus Tech Ventures, Weili Dai, Lightspeed Venture Partners, King River Capital, and others such as A&E Investments, Bcm Ventures, Breakaway Ventures, Castlepeak, and Samsung Next Ventures. |
| Oct 2013 | Seed | Tuesday Capital; Asset Management Ventures (AMV); Golden Seeds; Pegasus Tech Ventures | $3M | - |
Who has invested in Lark?
18 investors have backed Lark across its funding rounds, including Weili Dai, Putnam Premier IT, Pegasus Tech Ventures, Asset Management Ventures (AMV), Olive Tree Capital and King River Capital.
Lead investors include Deerfield and King River Capital.
Lark Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Feb 2017 | ||
| 2 | Participant | Oct 2020 | ||
| 2 | Participant | Oct 2020 | ||
| 2 | Participant | Oct 2013 | ||
| 2 | Lead | Oct 2020 | ||
| 2 | Participant | Oct 2013 | ||
| 2 | Participant | Oct 2020 | ||
| 1 | Participant | Feb 2017 | ||
| 1 | Participant | Oct 2013 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2020 | ||
| 1 | Participant | Feb 2017 | ||
| 1 | Participant | Feb 2017 | ||
This data is available for Pro users. Sign up to see all 18 Lark investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialLark Competitors
Lark competitors include listed companies like DarioHealth and TALI Digital, and private ones like Noom, Cult.fit, Twin Health and Welle.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $400M | - | $3.7B | 9.3x | ||
| Private | $74M | - | $1.5B | - | ||
| Private | - | - | $1.4B | - | ||
| Private | - | - | $1.2B | - | ||
| Publicly listed | $22M | ($36M) | $69M | 4.0x | ||
| Publicly listed | $166K | ($2M) | $3M | - |
Lark Public Comps
Lark is still privately-owned, but its public comps include IQVIA, Revvity, Solventum, Tempus AI, ICON plc, Caris Life Sciences, Hinge Health, XtalPi, GeneDx and CareDx.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $16B | $3.4B | 3.6x | 3.4x | 17.2x | 14.8x | |||
| $2.9B | $735M | 6.5x | 6.6x | 25.4x | 21.0x | |||
| $8.3B | $2.5B | 2.4x | 2.4x | 7.8x | 8.9x | |||
| $1.3B | ($131M) | 12.0x | 10.1x | (116.0x) | 346.0x | |||
| $8.3B | $816M | 1.9x | 1.9x | 19.2x | 11.3x | |||
| $812M | ($5M) | 10.3x | 8.7x | (1640.5x) | 49.4x | |||
| $588M | ($522M) | 12.3x | 9.3x | (13.9x) | 34.6x | |||
| $120M | $22M | 24.8x | 21.5x | 134.0x | (141.6x) | |||
This data is available for Pro users. Sign up to see all Lark competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Lark
| When was Lark founded? | Lark was founded in 2011. |
| Where is Lark headquartered? | Lark is headquartered in San Francisco, CA, United States. |
| Is Lark publicly listed? | No, Lark is a private, VC-backed company. |
| How much funding has Lark raised? | Lark has raised $180M across 4 funding rounds. |
| What was Lark's last funding round? | Lark's last funding round was a $100M Series D in October 2021, led by Deerfield. |
| Who are Lark's investors? | Lark's investors include Weili Dai, Putnam Premier IT, Olive Tree Capital, Asset Management Ventures (AMV), King River Capital, Pegasus Tech Ventures, IPD Capital, Brendan Wallace, Tuesday Capital, PFM Health Sciences and 8 others. |
| Which companies are comparable to Lark? | Companies comparable to Lark include Noom, Cult.fit, Twin Health, Welle, DarioHealth and TALI Digital. |
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