Found

Found is a virtual, subscription-based weight-loss management platform that provides a personalized weight loss plan comprising one-on-one health coaching, medication, supplements, diet, and exercise. It claims that Found members, on average, lose 5% of their body weight in three months, and 10% in six months.

Found’s personalized weight loss plans are created by a dedicated medical provider conducting an initial quiz to assess suitability. The company offers two membership options; RxPath for members with a BMI greater than or equal to 30, where members can opt to get prescription medication, depending on the requirement as well as a WellnessPath for members who do not require medication. Found also provides access to personal health coaches who support members (via text messages) to maintain sustainable exercise, nutrition, sleep, and mental health habits. All members have access to Found’s private member community as a support mechanism that supplements the program.

In October 2023, the company launched Found Assistant, a GenAI guide within the Found app to instantly provide relevant educational information, personalized fitness routines, new recipes, lifestyle tips, and curated guidance based on member prompts, health histories, and personal preferences.

The company charges an average subscription of USD 100 per month and its services are available in 31 states as of September 2021.

Fundings and financials

The company’s last funding round concluded in December 2021, where it raised USD 100 million in Series B funding led by WestCap Group, valuing the company at USD 600 million. The funds were used towards enhancing its platform and solutions as well as increasing its membership base across the US.

Since the beginning of 2021, Found reported an annual run rate growth of 6x.