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July 31, 2026 - Deals
Function Health Secures $450 Million Financing From General Catalyst To Expand Health Platform
Function Health, a preventative health platform, secured $450 million in non-dilutive financing from General Catalyst’s Customer Value Fund to accelerate customer acquisition and scale its platform. Led by CEO Jonathan Swerdlin, Function is expanding beyond blood testing into a vertically integrated health ecosystem combining 160-panel labs, at-home draws, full-body MRIs, supplement intelligence, and AI-powered health recommendations through its Medical Intelligence Labs platform. The company has completed more than 100 million lab tests for 500,000 U.S. members and aims to use diagnostics-driven data insights to make personalized preventative healthcare more accessible globally.
FOUNDERS: Jonathan Swerdlin, Mark Hyman, Pranitha Patil, Daniel Swerdlin, Seth Weisfeld & Mike Nemke
INVESTORS: General Catalyst & Customer Value Fund
AMOUNT: $450,000,000
HQ: New York City, New York
#VentureCapital #FunctionHealth #GeneralCatalyst #CustomerValueFund #TradedVC
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OpenAI Secures Amazon's $50 Billion Investment Commitment In AI Infrastructure DevelopmentOpenAI has secured the completion of Amazon’s $50B investment commitment, with the e-commerce and cloud giant finalizing the remaining $35B tranche of the deal. The investment was part of OpenAI’s record $110B funding round, alongside commitments from Nvidia and SoftBank, and strengthens the company’s AI infrastructure ambitions through deeper integration with Amazon Web Services. CEO/founder information was not included in the provided details.
FOUNDERS: Sam Altman, Elon Musk, Greg Brockman, Ilya Sutskever, John Schulman & Wojciech Zaremba
INVESTORS: Amazon, Nvidia & SoftBank
AMOUNT: $50,000,000,000
HQ: San Francisco, California
#VentureCapital #OpenAI #SamAltman #Amazon #TradedVC
K2 Space Raises $500 Million In Series D Round Led By Kleiner Perkins And ICONIQK2 Space, a Torrance, California-based satellite manufacturer, has raised $500 million in a Series D round at a $6.8 billion valuation. The round was led by Kleiner Perkins and ICONIQ, with participation from CapitalG, Lightspeed Venture Partners, Altimeter Capital, Spark Capital, Sands Capital, ARK Invest, and T. Rowe Price Associates. Founded in 2022 by brothers Karan Kunjur and Neel Kunjur, K2 builds high-power, large-scale satellites for commercial and defense customers. The funding will help expand manufacturing capacity to 100 satellites per year as demand grows for next-generation communications, defense, and space infrastructure.
FOUNDERS: Karan Kunjur & Neel Kunjur
INVESTORS: Kleiner Perkins, ICONIQ, CapitalG, Lightspeed Venture Partners, Altimeter Capital, Spark Capital, Sands Capital, ARK Invest & T. Rowe Price Associates
ROUND: Series D
AMOUNT: $500,000,000
VALUATION: $6,800,000,000
HQ: Torrance, California
#VentureCapital #K2Space #SpaceTech #Satellite #TradedVC