Forward Health Raises $225M in Series D Funding

Forward Health

Forward Health, a San Francisco, CA-based healthcare system empowering doctors with technology and data to monitor and guide long-term health, raised $225m in Series D funding.

Backers included Founders Fund, Khosla Ventures, SoftBank Vision Fund 2, Marc Benioff, and The Weeknd, among others.

The company intends to use the funds to expand its healthcare system nationwide with several new locations slated to open in the first half of 2021 and to introduce new doctor-led programs focused on heart health, cancer detection, COVID-19, stress, anxiety, and weight management.

Led by Adrian Aoun, Chief Executive Officer, and co-founder, Forward Health provides members with in-person care at its technology-driven clinics, where first-time visits last an average of 60 minutes (compared to the national average of 15 minutes). During a member’s initial visit, more than 500 unique biomarkers can be captured — the vast majority of which are not commonly screened. The findings are then incorporated into the member’s health plan, delivering an extremely comprehensive and precise baseline of the member’s health. Together doctors and members work to get ahead of health issues. Using continuous biometric and behavioral data monitoring, doctors create personal health programs that identify and treat issues before they become problems.

Founded in 2016, the compamny has locations in Los Angeles, New York, Chicago, Seattle, Orange County, San Diego, San Francisco, and Washington, D.C.