Lark Funding, Investors & Competitors

Lark has raised $180M across 4 funding rounds, most recently a $100M Series D in October 2021.

See full Lark profile

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

Lark Overview

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

United StatesSan Francisco, CA

Website

lark.com

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

Lark funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2021Series DDeerfield (lead); Putnam Premier IT; Olive Tree Capital; Weili Dai; PFM Health Sciences; Castlepeak; King River Capital; IPD Capital$100MLark 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 2020Series CKing 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 2017Series BBrendan Wallace; Weili Dai; OMRON; Philippe Suchet; Pegasus Tech Ventures$22MLark 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 2013SeedTuesday 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

Investors in Lark by funding rounds participated
InvestorHQRoundsRoleFirst check
Weili DaiUnited StatesSan Jose, CA3ParticipantFeb 2017
Putnam Premier ITUnited StatesUnited States2ParticipantOct 2020
Olive Tree CapitalUnited StatesUnited States2ParticipantOct 2020
Asset Management Ventures (AMV)United StatesSan Francisco, CA2ParticipantOct 2013
King River CapitalAustraliaSydney2LeadOct 2020
Pegasus Tech VenturesUnited StatesSan Jose, CA2ParticipantOct 2013
IPD CapitalUnited StatesMiami, FL2ParticipantOct 2020
Brendan WallaceUnited StatesLos Angeles, CA1ParticipantFeb 2017
Tuesday CapitalUnited StatesSan Francisco, CA1ParticipantOct 2013
PFM Health SciencesUnited StatesSan Francisco, CA1ParticipantOct 2021
Jonathan FieldingUnited StatesLos Angeles, CA1ParticipantOct 2020
OMRONJapanKyoto1ParticipantFeb 2017
Philippe SuchetUnited StatesSan Francisco, CA1ParticipantFeb 2017

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Lark Competitors

Lark competitors include listed companies like DarioHealth and TALI Digital, and private ones like Noom, Cult.fit, Twin Health and Welle.

Public and private companies comparable to Lark
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
NoomUnited StatesNew York City, NYPrivate$400M-$3.7B9.3x
Cult.fitIndiaBangalorePrivate$74M-$1.5B-
Twin HealthUnited StatesSan Francisco, CAPrivate--$1.4B-
WelleUnited StatesLos Angeles, CAPrivate--$1.2B-
DarioHealthUnited StatesUnited StatesPublicly listed$22M($36M)$69M4.0x
TALI DigitalAustraliaAustraliaPublicly 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
IQVIA$16B$3.4B3.6x3.4x17.2x14.8x
Revvity$2.9B$735M6.5x6.6x25.4x21.0x
Solventum$8.3B$2.5B2.4x2.4x7.8x8.9x
Tempus AI$1.3B($131M)12.0x10.1x(116.0x)346.0x
ICON plc$8.3B$816M1.9x1.9x19.2x11.3x
Caris Life Sciences$812M($5M)10.3x8.7x(1640.5x)49.4x
Hinge Health$588M($522M)12.3x9.3x(13.9x)34.6x
XtalPi$120M$22M24.8x21.5x134.0x(141.6x)

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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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