Found

Found

Personalized telehealth weight care services

About Found

Simplify's Rating
Why Found is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Consumer Software

Healthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$128.4M

Headquarters

San Francisco, California

Founded

2019

Overview

Found offers personalized weight care services through a telehealth platform. Clients can access virtual consultations with board-certified clinicians who create customized weight loss plans that include medication, nutrition, and lifestyle guidance. The service includes prescription weight loss medications delivered directly to clients, along with dedicated coaching and community support to help them achieve sustainable weight loss. Clients can track their progress using the platform, which integrates with Apple Health and Google Fit. Unlike many competitors, Found does not require insurance, making its services more accessible. The company's goal is to provide a holistic approach to weight care, addressing various factors that contribute to lasting weight loss, while fostering a supportive community of over 200,000 members.

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Simplify's Take

What believers are saying

  • Found raised $100M, valuing the company at $600M, indicating strong investor confidence.
  • The launch of MetabolicPrint positions Found as a leader in personalized weight management.
  • Found's partnership with BetterHelp enhances its holistic approach to weight care.

What critics are saying

  • Increased competition from Instacart Health could impact Found's market share.
  • Reliance on AI for guidance may lead to inaccuracies and customer dissatisfaction.
  • Rapid growth may strain Found's operational capabilities, affecting service quality.

What makes Found unique

  • Found offers personalized weight care with virtual consultations and prescription medications.
  • The company integrates mental health support with weight loss through a partnership with BetterHelp.
  • Found's MetabolicPrint tool provides a unique, personalized weight health profile.

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Funding

Total Funding

$128.4M

Above

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$100M
Found

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Unlimited Paid Time Off

Paid Holidays

Parental Leave

401(k) Retirement Plan

401(k) Company Match

Remote Work Options

Flexible Work Hours

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-6%

2 year growth

-2%
Fierce Healthcare
Jul 22nd, 2024
Weight health company Found taps Luca Ranaldi as CEO

Weight health company Found taps Luca Ranaldi as CEO.

TechCrunch
May 4th, 2024
Weight Care Management Startup Found Lands $100M At A $600M Valuation

Just two and a half months after emerging from stealth, weight care management startup Found announced today that it has raised $100 million in a Series B funding round that values the company at $600 million. WestCap — a growth equity firm founded by former Blackstone and Airbnb executive Laurence Tosi — led the investment, with participation from IVP, The Chernin Group, G9 Ventures and Able Partners. Existing backers GV, Define and founding investor Atomic also put money in the round, along with angel investors such as Instacart CEO Fidji Simo and Everly Health CEO Julia Cheek. New CEO and former Bumble executive Sarah Jones Simmer described the round as oversubscribed and pre-emptive, considering the startup “had not planned” on the raise process

PR Newswire
Feb 16th, 2024
Found, The Obesity Medicine Association And The Obesity Action Coalition Take Steps To Close The Gap In Obesity Care With Launch Of Obesity Medicine Scholarship

More than 100 million adults in America are living with obesity, yet only 1% of providers are trained in obesity medicine, leaving many patients to turn to non-expert sources for medical information and prescriptionsThe Obesity Medicine Scholarship program, funded by Found, bridges the gap in care and encourages physicians to become American Board of Obesity Medicine certifiedTwo $5,000 scholarships will be awarded to providers pursuing ABOM certification to cover exam review course and related exam fees, travel expenses, and membership to the OMAAUSTIN, Texas, Feb. 16, 2024 /PRNewswire/ -- Found, one of the largest medically-assisted weight loss programs in the U.S., today announced it is partnering with the Obesity Medicine Association (OMA) and the Obesity Action Coalition (OAC) to launch the OMA and OAC Obesity Medicine Scholarship program. The program will help ensure there are more obesity medicine experts to provide care to those in need by offering resources to medical providers interested in becoming American Board of Obesity Medicine (ABOM) certified. Funded by Found, a $5,000 scholarship will be awarded to two physicians to cover ABOM registration fees to take the certification exam, a one-year membership to the OMA, registration to attend the OMA Annual Conference and the Review Course for the ABOM Exam in April 2024, and a travel stipend.More than 100 million adults in America are living with obesity, yet only 1% of providers are trained in obesity medicine, creating a cycle of biases and misunderstandings that prevent any progress. When people try to seek help from their healthcare providers, they can be met with judgment, dismissiveness, or unfounded assumptions that their weight is the result of a willpower deficit. This environment makes it challenging for patients to receive the support they need and may encourage patients to consult non-expert sources for medical guidance, medication information, and prescriptions

Business Wire
Feb 1st, 2024
Found Advances Weight Loss Standard Of Care With Metabolicprint Launch

Developed by Found, MetabolicPrint™ is a digital diagnostic support tool that uses biological and behavioral assessments to create a personalized weight health profile, or “fingerprint,” to allow care teams to tailor a corresponding precision care protocol. (Graphic Credit: Found)Found, one of the largest medically-assisted weight loss programs in the U.S., announced the launch of MetabolicPrint (Photo Credit: Found)Found, one of the largest medically-assisted weight loss programs in the U.S., announced the launch of MetabolicPrint (Photo Credit: Found)AUSTIN, Texas--(BUSINESS WIRE)--Found, one of the largest medically-assisted weight loss programs in the U.S., announced the launch of MetabolicPrint, a first-of-its-kind approach to personalized weight management care. Developed by Found, MetabolicPrint is a digital diagnostic support tool that uses biological and behavioral assessments to create a personalized weight health profile, or “fingerprint,” to allow care teams to tailor a corresponding precision care protocol.“Evidence-based guidance, previously only available in specialty obesity clinics, is now made convenient, accessible, and affordable for millions of Americans through MetabolicPrint, which builds on existing research related to obesity phenotypes,” said Found’s Chief Medical Officer and former Medical Director of the American Board of Obesity Medicine, Dr. Rekha Kumar. “MetabolicPrint is about more than medication — it’s about equipping healthcare providers with individualized insights to design weight care plans that are unique to someone’s biology. At Found, we know that every body is different.”Clinically-supported weight care has long been limited to specialty medical providers and largely inaccessible to the 70% of Americans struggling with overweight or obesity

AiThority
Oct 26th, 2023
Found Taps Generative AI to Power Instant Personalized Weight Guidance With Launch of Found Assistant

Found, a medically-assisted weight loss program announced the launch of Found Assistant, a generative AI guide within the Found app that offers members the ability to ask questions and discover instant and relevant information on nutrition, movement, health habits, and more.

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