Function Health — the platform that gives subscribers access to more than 160 different lab tests — closed a $298 million Series B funding round on Wednesday, bringing the startup’s valuation to $2.5 billion.

The Austin-based company, which launched in 2023, has now raised more than $350 million. After reaching unicorn status, Function will continue to focus on helping people live longer, healthier lives, according to CEO Jonathan Swerdlin.

“The current system focuses on acute care, and it’s miraculous for that. If you break your arm or need surgery, it’s exactly where you want to be. However, it’s missing the key data points and integrated, whole-body solutions people need to stay healthy,” he stated.

He noted that nearly half of deaths in the U.S. result from preventable diseases,

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