Healthcare startup Forward Health is now valued at over $1 billion after a late-stage funding round that raised $225 million, according to Reuters.
- The Series D funding includes investments from SoftBank Vision Fund 2, Peter Thiel’s Founders Fund, Khosla Ventures, Salesforce.com Inc. CEO Marc Benioff, and pop singer The Weeknd.
- The proceeds will be used to expand to more cities in the United States. Forward will also launch new programs focused on heart health, cancer detection, COVID-19, stress, anxiety, and weight management.
- Prior to the latest fundraising, Forward generated about $164 million and was valued at $453 million in its last financing round in February 2019. Existing backers include First Round Capital, former Google head Eric Schmidt, and startup investor Ashton Kutcher.
- Forward uses biometric body scans, genetic testing, and blood testing to assess what diseases could likely develop later in life. the information will then be used to prevent such diseases.