GLP-1 Telehealth Funding & M&A Database (2026)
Last verified: · Next scheduled update: June 1, 2026 · Curated by: Weight Loss Provider Guide research team
Source standard: SEC filings, company investor releases, primary press releases, and reputable business reporting. Conflicts flagged. Estimates labeled.
If you're on deadline and you need a real number for a GLP-1 telehealth deal, this is the page to bookmark. The GLP-1 Telehealth Funding & M&A Database consolidates the funding rounds, acquisitions, public-company revenue figures, and restructurings we could verify in the GLP-1 telehealth segment, with primary sources beside each entry and a date stamped on every row. Conflicts flagged. Estimates labeled. No paywalls.
Bottom line, as of May 6, 2026:
Companies now operating GLP-1 telehealth or virtual weight-management programs have raised more than $2 billion in disclosed venture and growth funding. Public players Hims & Hers and LifeMD generated about $2.54 billion in 2025 revenue combined ($2.35B and $194.1M, respectively), with weight-loss / GLP-1 metabolic health called out as a growth driver. The segment's largest announced transaction is Hims & Hers' pending acquisition of Eucalyptus, valued at up to $1.15 billion — and the largest private funding round of the year is eMed's $200 million Series A in March 2026, which vaulted it into unicorn status.Quick stats
| Metric | Figure | As of |
|---|---|---|
| Disclosed venture/growth funding into companies operating GLP-1 telehealth or virtual weight-management programs (not all raised specifically for GLP-1) | $2B+ | May 6, 2026 |
| Largest announced transaction (announced deal value, pending close) | $1.15B (Hims/Eucalyptus) | Feb 19, 2026 |
| Largest closed acquisition by a public acquirer | $258.0M accounting purchase price (Hims/ZAVA) | Closed mid-2025 |
| Largest 2026 funding round (private) | $200M Series A at $2B+ valuation (eMed) | Mar 26, 2026 |
| Combined 2025 revenue, Hims & Hers + LifeMD | ~$2.54B ($2.35B + $194.1M) | FY 2025 |
| Public companies tracked | 4 (HIMS, LFMD, WW, MGRX) | May 6, 2026 |
| Private companies tracked | 15+ | May 6, 2026 |
| Material bankruptcies tracked | 1 (WW International, prepackaged Ch.11, May–Jun 2025) | 2025 |
| Active major litigation clusters | 1 — Lilly suits against 4 telehealth sellers (Mochi, Fella & Delilah, Willow Health, Henry Meds) | Apr 2025 → ongoing |
What is the GLP-1 Telehealth Funding & M&A Database?
The GLP-1 Telehealth Funding & M&A Database is a curated, source-graded ledger of funding rounds, acquisitions, public-company revenue disclosures, valuations, restructurings, and litigation involving companies that prescribe GLP-1 medications via telehealth. It is built for journalists, analysts, and corp dev teams who need to cite a number with the primary source attached.
Free GLP-1 telehealth funding maps already exist on the open web. This database exists because the open web is still fragmented — funding maps, SEC filings, investor releases, lawsuits, revenue disclosures, and private-database snippets aren't combined into one row-level, source-graded, last-verified-dated tracker with conflict notes. That's our wedge.
Confidence grades:
A — primary-source documented (SEC filing, official investor release, or company press release with exact figure). B — reputable secondary reporting or partial primary evidence. C — conflicting or partial public sources only — use for discovery, not clean citation. [NEEDS VERIFICATION] — visible in some sources but not confirmed well enough to publish.At a glance: the master funding & deal table
The working view of every notable GLP-1 telehealth company tracked, with their reported totals, latest material event, primary source, and confidence grade. Each company has an anchor link so you can deep-link straight to the row you're citing.
| Company | Status | Total disclosed funding | Latest material event | Date | Most recent valuation / deal value | Confidence |
|---|---|---|---|---|---|---|
| Hims & Hers Health (NYSE: HIMS) | Public | N/A (IPO via SPAC, Jan 2021) | Agreement to acquire Eucalyptus | Feb 19, 2026 | Up to $1.15B (deal); live market cap | A |
| Ro (Roman Health Ventures) | Private | ~$1.03B database-reported; $500M Series D + $150M 2022 financing primary-sourced | $150M financing (often searched as "Series E") | Feb 2022 | ~$7B reported (2022) | A |
| LifeMD (NASDAQ: LFMD) | Public | N/A (public company) | FY2025 telehealth revenue $194.1M; launched Foundayo Apr 2026 | Mar/Apr 2026 | Live market cap | A |
| WW International / WeightWatchers (NASDAQ: WW) | Public, post-Ch.11 | N/A | Ch.11 plan confirmed, eliminated ~$1.15B debt | Jun 17, 2025 | $1.15B in debt eliminated | A |
| Sequence (now WeightWatchers Clinic) | Acquired by WW | — | Acquisition by WW closed | Apr 2023 | $132M transaction value | A |
| eMed | Private | $200M+ (Series A disclosed) | $200M Series A at $2B+ valuation | Mar 26, 2026 | $2B+ | A |
| Remedy Meds | Private | Undisclosed | Definitive agreement to acquire Thirty Madison (all-stock) | Sep 3, 2025 | $500M+ deal value | A |
| Thirty Madison (Nurx, Keeps, Cove, Evens, Picnic) | Pending acquisition | $140M Series C disclosed (2021) | To be acquired by Remedy Meds | Sep 3, 2025 | $500M+ deal value | A |
| Found | Private | $132M+ across rounds | $100M Series B led by WestCap | Dec 2021 | ~$600M reported (2021) | A |
| Form Health | Private | ~$64.8M | $38M Series B led by Sound Ventures | Jun 2024 | Undisclosed | A |
| Noom | Private | ~$540M Series F (plus prior rounds) | $540M Series F led by Silver Lake | May 2021 | ~$3.7B+ reported (2021) | A |
| knownwell | Private | $50M+ total disclosed | $25M strategic round (CVS Health Ventures) | Oct 2025 | Undisclosed | A |
| Calibrate | Private, restructured | $100M Series B + structured financing | Restructuring & enterprise pivot | 2023–2024 | Down round / undisclosed | B |
| Henry Meds | Private | [NEEDS VERIFICATION] | Named defendant in Lilly suit (Apr 2025) | 2025–ongoing | Undisclosed | C |
| Mochi Health | Private | Conflict: $500K / $650K / $1.15M across databases | Platform expansion (Nov 2025); Lilly litigation (Apr 2026) | Ongoing | Undisclosed | C |
| Mangoceuticals (NASDAQ: MGRX) | Public | N/A | Launched MangoRx Direct & PeachesRx Direct | Nov 13, 2025 | Live market cap | A |
| Zealthy (FitRx, LLC dba Zealthy) | Private | [NEEDS VERIFICATION] | FDA warning letter (Sept 9, 2025) | Sep 2025 | Undisclosed | C |
GLP-1 telehealth M&A 2026 (and 2023–2025)
Four material acquisitions have shaped the GLP-1 telehealth segment since 2023: WeightWatchers' purchase of Sequence (March 2023, $132M transaction value), Hims & Hers' acquisition of ZAVA (announced June 2025, closed mid-2025, $258.0M accounting purchase price per Hims' Q3 2025 10-Q), Remedy Meds' all-stock agreement to acquire Thirty Madison (announced September 3, 2025, $500M+ — close status not independently verified here), and Hims & Hers' pending acquisition of Eucalyptus (announced February 19, 2026, up to $1.15B, closing expected mid-2026).
Hims & Hers / Eucalyptus — up to $1.15B (announced Feb 19, 2026; pending)
The largest announced transaction in the segment so far. Hims & Hers (NYSE: HIMS) signed a definitive agreement to acquire Eucalyptus, the Australian-based parent of GLP-1 weight-loss brand Juniper (women's), Pilot (men's), Kin (fertility), and others. The deal is structured as:
- ·~$240 million in cash at closing
- ·~$710 million in guaranteed deferred payments over 18 months post-close
- ·Up to $200 million in earnout payments tied to financial targets through early 2029
- ·Total enterprise value: up to $1.15 billion
Eucalyptus disclosed an annualized revenue run-rate north of $450 million USD with triple-digit year-over-year ARR growth in each quarter of 2025. Hims plans to fund most of the cash portion from existing cash and US operating cash flows. Closing is expected mid-calendar-year 2026, subject to regulatory approvals. Treat this row as announced/pending until close is independently verified.
Safe citation:"Hims & Hers announced an agreement to acquire Eucalyptus in a transaction valued at up to $1.15 billion, including approximately $240 million in cash at closing, with the remainder structured as deferred payments and performance-based earnouts through early 2029, according to the company's investor release. Closing is expected mid-2026, subject to regulatory approvals."
Sources: Hims & Hers investor release (Feb 19, 2026); Hims SEC Form 8-K (Feb 19, 2026); CNBC; MobiHealthNews; STAT; MedCity News.
Hims & Hers / ZAVA — $258.0M accounting purchase price (closed mid-2025)
The first leg of the European push. Hims acquired ZAVA, a London-based digital health platform serving the UK, Germany, France, and Ireland. The deal closed in mid-2025 and added roughly 1.3 million active customers to the Hims base — about 50% of its US footprint at the time.
The financial terms were not initially disclosed at announcement. However, Hims & Hers' Q3 2025 Form 10-Q reports the ZAVA purchase price for accounting purposes was €219.2 million ($258.0 million), including:
- ·€142.2 million ($167.3 million) cash paid upfront
- ·€77.0 million ($90.7 million) contingent consideration
- ·Plus a potential earn-out payable in cash of up to €117.7 million, tied to revenue and adjusted EBITDA targets measured for fiscal years 2025, 2026, and 2027
Safe citation:"Hims & Hers acquired ZAVA in July 2025. The company's Q3 2025 Form 10-Q reports a purchase price for accounting purposes of €219.2 million, or $258.0 million, including €142.2 million / $167.3 million cash paid upfront and €77.0 million / $90.7 million in contingent consideration, plus potential earn-out payable in cash of up to €117.7 million."
Sources: Hims & Hers SEC Form 10-Q for the quarter ended Sep 30, 2025 (note on business combinations); Hims investor release (Jun 3, 2025); CNBC; FierceHealthcare.
Remedy Meds / Thirty Madison — $500M+ all-stock (announced Sep 3, 2025; close status to verify)
A roll-up under the radar. Remedy Meds — a New Jersey-based GLP-1 telehealth company founded in May 2024 by Haris Memon — agreed to acquire Thirty Madison, the parent of Nurx (women's health), Keeps (men's hair loss), Cove (migraine), Evens (GI), and Picnic (allergies). The all-stock deal was announced at a transaction value just north of $500 million, with closing expected in Q4 2025.
The combined company is projecting roughly $670 million in annual revenue at announcement (Remedy Meds at $450M+ for 2025; Thirty Madison at $220M+). This deal matters because Thirty Madison was once a venture-backed unicorn ($1B valuation in 2021 after a $140M Series C), and it was being absorbed by a one-year-old GLP-1-led company. Close status: [NEEDS VERIFICATION] — we have the announcement source but not an independent close confirmation.
Safe citation:"Remedy Meds announced a definitive all-stock agreement to acquire Thirty Madison, valued at just north of $500 million, on September 3, 2025; closing was expected in Q4 2025. Cite close status only with a separate confirming source."
Sources: PRNewswire (Sep 3, 2025); Axios; FierceHealthcare; MobiHealthNews; Cooley LLP and Weil, Gotshal & Manges advisory disclosures.
WeightWatchers / Sequence — $132M (announced Mar 2023; closed Apr 2023)
The deal that started consolidation. WeightWatchers acquired Sequence, a telehealth platform for clinical weight management, in a transaction valued at $132 million per the company's announcement, including a minimum cash component. Some downstream sources cite an effective net purchase price of $106M after adjustments. We carry both figures and link to WW's primary release.
Sequence has since been rebranded WeightWatchers Clinic and is the GLP-1 backbone of the parent company's clinical revenue post-bankruptcy.
Safe citation:"WeightWatchers announced the acquisition of Sequence in March 2023 in a transaction valued at $132 million, according to the company's release; the asset has since been rebranded WeightWatchers Clinic."
Sources: WW International corporate release (Mar 2023); subsequent SEC filings; FierceHealthcare.
Public company GLP-1 revenue: Hims, LifeMD, WeightWatchers, Mangoceuticals
Public-company revenue is the safest data on this page because it comes from SEC filings. Hims & Hers reported approximately $2.35 billion in total FY2025 revenue, with weight loss called out as a major contributor. LifeMD reported $194.1 million in FY2025 telehealth revenue. WW International emerged from a prepackaged Chapter 11 in mid-2025 and is rebuilding its clinical business under the WeightWatchers Clinic brand. Mangoceuticals launched its branded GLP-1 access pathway in November 2025 and is early-stage.
Hims weight loss revenue 2026: what is actually disclosed?
For searchers looking for Hims Hers GLP-1 revenue or Hims weight loss revenue 2026, here is the clean answer: Hims & Hers disclosed total FY2025 revenue and weight-loss segment context in its earnings release, but did not publish a clean FY2025 GLP-1-only revenue split. FY2026 guidance is for total revenue of $2.7B–$2.9B, not a GLP-1-specific number.
Hims & Hers GLP-1 revenue and weight-loss revenue
| Metric | Figure | Period | Source |
|---|---|---|---|
| Total revenue | $1.48B | FY 2024 | Q4 2024 8-K shareholder letter |
| Total revenue | ~$2.35B (+59% YoY) | FY 2025 | Q4 2025 earnings release (Feb 23, 2026) |
| Subscribers (end of period) | 2.5M (+13% YoY) | Dec 31, 2025 | Q4 2025 earnings release |
| Weight loss segment revenue guidance | $725M | FY 2025 (guidance announced Feb 2025) | Q4 2024 shareholder letter |
| Q4 2025 revenue | $617.8M (+28% YoY) | Q4 2025 | Q4 2025 earnings release |
| FY 2025 net income | $128M | FY 2025 | Q4 2025 earnings release |
| FY 2025 Adjusted EBITDA | $318M | FY 2025 | Q4 2025 earnings release |
| FY 2026 revenue guidance | $2.7B–$2.9B | FY 2026 | Q4 2025 earnings release |
| FY 2026 Adjusted EBITDA guidance | $300M–$375M | FY 2026 | Q4 2025 earnings release |
Stated vs verified — Hims & Hers
| Status | Figure |
|---|---|
| ✅ Verified | FY2025 total revenue ~$2.35B |
| ✅ Verified | FY2026 revenue guidance $2.7B–$2.9B |
| ✅ Verified | FY2025 net income $128M; Adjusted EBITDA $318M |
| ⚠️ Not cleanly disclosed | FY2025 GLP-1-only revenue split |
| ⚠️ Use with caution | Weight-loss segment guidance ($725M for 2025 announced Feb 2025 — treat as guidance, not actual) |
Material context — Hims & Hers:
- Novo Nordisk partnership timeline. Novo ended its Hims Wegovy collaboration in June 2025 over compounding concerns. A new agreement was announced March 9, 2026: Novo dropped its patent-infringement lawsuit, Hims agreed to stop advertising compounded GLP-1 products, and Hims began offering branded Ozempic, Wegovy injections, and Wegovy oral pills on its platform in March 2026.
- Compounded weight-loss pill pulled. Hims pulled its planned weight-loss pill in early 2026 after FDA pressure.
- Important caveat for citations. Hims' total revenue is not all GLP-1. Cite "weight loss" or "GLP-1-attributable" only when the source explicitly does.
LifeMD (NASDAQ: LFMD) — telehealth revenue and GLP-1 driver
| Metric | Figure | Period | Source |
|---|---|---|---|
| Total telehealth revenue | $194.1M (+25% YoY) | FY 2025 | FY2025 results release (Mar 9, 2026) |
| Adjusted EBITDA | $15.3M (+309% YoY) | FY 2025 | FY2025 results release |
| Active telehealth subscribers | ~323,000 (+~16% YoY) | Dec 31, 2025 | FY2025 results release |
| Q3 2025 telehealth revenue | $47.3M (+18% YoY) | Q3 2025 | Q3 2025 8-K |
| Q4 2025 revenue | $46.9M | Q4 2025 | FY2025 results release |
| FY 2026 revenue guidance | $220M–$230M | FY 2026 | FY2025 results release |
| Cash balance | $36.8M | Dec 31, 2025 | 2025 10-K |
WW International / WeightWatchers (NASDAQ: WW) — Chapter 11 and rebuild
WW International filed a prepackaged Chapter 11 on May 6, 2025, to eliminate approximately $1.15 billion of pre-petition debt (out of roughly $1.6 billion). The reorganization plan was confirmed on June 17, 2025 — about 42 days after filing. The company subsequently rebranded its Sequence asset as WeightWatchers Clinic.
| Detail | Fact |
|---|---|
| Filed | May 6, 2025 (Delaware) |
| Type | Prepackaged Chapter 11 |
| Pre-petition debt | ~$1.6 billion |
| Debt eliminated under plan | ~$1.15 billion (~70%) |
| Plan confirmation | June 17, 2025 |
| Stated cause | GLP-1 disruption to legacy subscription model + leverage from earlier acquisitions |
Ro Series E funding: what was actually disclosed?
Public database profiles report approximately $1.03 billion in Ro funding across seven rounds. Ro's own press releases confirm a $500 million Series D in March 2021 (bringing total fundraising to ~$876M) and a $150 million additional financing in February 2022 at a reported ~$7 billion valuation. Some search results label the 2022 round a "Series E"; Ro's own release calls it an additional financing from existing investors. The cleanest characterization: $500M Series D in March 2021 at a $5B valuation, followed by a $150M financing in February 2022 at a reported $7B valuation.
| Round | Date | Amount | Valuation | Lead investor | Confidence |
|---|---|---|---|---|---|
| Seed | Oct 2017 | $3.1M | — | General Catalyst | B |
| Series A | 2018 | ~$8M | — | FirstMark Capital | B |
| Series B | 2019 | ~$85M | — | FirstMark / General Catalyst | B |
| Series C | Jul 2020 | $200M | ~$1.5B | General Catalyst | B |
| Series D | Mar 2021 | $500M | ~$5B | General Catalyst | A |
| Additional financing (often searched as "Series E") | Feb 2022 | $150M | ~$7B reported | ShawSpring Partners | A |
| Total disclosed funding (database-reported) | — | ~$1.03B | — | — | C |
Safe citation:"Public database profiles report Ro funding totaling approximately $1.03 billion across seven rounds. Ro's own press releases confirm a $500 million Series D in March 2021 at a reported $5 billion valuation and a $150 million additional financing in February 2022, with the 2022 valuation reported in news coverage at approximately $7 billion. Ro has not disclosed a new priced primary round since."
Material 2024–2025 events: Eli Lilly partnered with Ro in December 2024 to distribute Zepbound vials via LillyDirect. Novo Nordisk maintained its NovoCare Wegovy partnership with Ro in mid-2025 — notable because Novo simultaneously ended its Hims & Hers partnership over compounding concerns. Per Sacra's 2024 estimate (independent analyst, not a Ro disclosure), Ro generated approximately $598 million in revenue in 2024 (+66% YoY), with roughly $370 million attributable to GLP-1. Cite as Sacra's estimate.
Mochi Health funding — a public conflict, not a clean number
Public funding databases give three different totals for Mochi Health: $500K (Wellfound), $650K (Tracxn / Crunchbase Seed entry, March 2022), and $1.15M (PitchBook public snippet). The company has not, to our knowledge, issued a primary-source release confirming a clean cumulative total. Until that is verified, we publish the conflict instead of pretending certainty.
What we can confirm
- ·Founded: 2022; founder/CEO listed as Myra Ahmad in public company-profile sources
- ·Headquarters: San Francisco, CA
- ·Employees: ~80 (per PitchBook)
- ·Provider network: 500+ affiliated providers (per company release, Nov 12, 2025)
- ·Reported Seed round: ~March 2022, between $500K and $650K depending on source
- ·Most recent product event: Platform expansion to 15 new specialty areas on November 12, 2025
- ·Litigation: Named defendant in Eli Lilly's April 23, 2025 suit; on April 13, 2026, court partially denied Mochi's renewed motion to dismiss, allowing Lanham Act and California UCL claims to proceed.
| Source | Total funding figure | Last round labeled | Source type |
|---|---|---|---|
| Wellfound | $500K | Pre-Seed / Seed | Private database |
| Tracxn | $650K | Seed (Mar 1, 2022) | Private database |
| Crunchbase | $650K | Seed (Mar 2022) | Private database |
| PitchBook (public snippet) | $1.15M | Last round listed as Option/Warrant per CB Insights | Private database |
| Mochi company materials | Not stated | Focus on growth metrics, not financing | Company materials |
Safe citation:"Public funding databases report a March 2022 Seed or Pre-Seed round, but the cumulative total conflicts across sources — ranging from $500,000 to $1.15 million — and Weight Loss Provider Guide has not verified a primary-source funding total as of May 6, 2026."
eMed — the $200M Series A that just repriced the segment
On March 26, 2026, employer-focused GLP-1 telehealth platform eMed closed a $200 million Series A at a $2 billion+ post-money valuation, led by AON Consulting. The round vaulted eMed into unicorn status. CEO is former X CEO Linda Yaccarino; Founding Chief Wellness Officer is Tom Brady.
| Detail | Figure / fact |
|---|---|
| Round | Series A |
| Amount | $200 million |
| Valuation | $2 billion+ post-money |
| Date announced | March 26, 2026 |
| Lead investor | AON Consulting |
| Notable participants | Tom Brady, Linda Yaccarino, Jeff Aronin (Paragon Biosciences), Ara Cohen (Knighthead Capital), Antonio Gracias (Valor Equity Partners), Joe Lonsdale (8VC), Tom Ricketts (Chicago Cubs), R.J. Melman (Lettuce Entertain You) |
| Headquarters | Miami, FL |
| Founded | 2020 (originally COVID-19 testing; pivoted to GLP-1) |
| Business model | Employer-focused — contracts with employers to administer clinically managed GLP-1 programs as a covered benefit |
Company-reported metrics — label every citation:
Member adherence above 90% at six months (industry persistence is reported around 60%); average weight loss of 21 lbs; improvement in at least one biomarker for 99% of participants within six months. PitchBook News has flagged that eMed's reported >90% adherence rate is roughly double industry norms; cite as company-reported.Safe citation:"eMed closed a $200 million Series A at a $2 billion+ valuation on March 26, 2026, led by AON Consulting, per the company's release. The company-reported member adherence figure above 90% should be cited as company-reported."
Other private funding rounds worth citing
Below are the next-largest private rounds in the segment, each with the lead investor, deal size, and primary source. These are the rows journalists most often need quickly when writing market maps or funding round-ups.
knownwell — $25M strategic round (Oct 2025)
AObesity medicine company knownwell raised a $25 million strategic-led financing in October 2025, led by CVS Health Ventures. The round brought knownwell's total disclosed funding to over $50 million. The company combines virtual and in-person obesity care and is one of the few GLP-1 telehealth companies with a strategic payer/PBM-aligned investor on its cap table. Sources: Business Wire (Oct 20, 2025).
Form Health — $38M Series B (Jun 2024)
AForm Health closed a $38 million Series B led by Sound Ventures in June 2024. The company stated it had previously raised approximately $26.8 million, putting cumulative disclosed funding at roughly $64.8 million by the company's own math. Form Health focuses on the enterprise/employer channel and has worked with LillyDirect to integrate Zepbound access. Sources: Form Health press release (Jun 2024); Business Wire.
Found — $100M Series B (Dec 2021)
AFound raised a $100 million Series B led by WestCap in December 2021. The company stated total funding to date of $132 million+, with reporting at the time citing a $600 million valuation. Found focuses on direct-to-consumer metabolic and weight care. Sources: PRWeb (Found release, Dec 2021); FierceHealthcare.
Noom — $540M Series F (May 2021)
ANoom (Noom Med) closed a ~$540 million Series F led by Silver Lake in May 2021, the largest single round ever raised by a digital weight-loss company. Noom Med is now a meaningful GLP-1 prescribing platform. The 2021 round was raised for the broader digital health platform, not specifically for GLP-1 telehealth. Sources: Silver Lake press release; Business Wire.
Henry Meds — funding [NEEDS VERIFICATION]; named defendant in Lilly suit
CCompounded GLP-1 telehealth provider Henry Meds is named as a defendant in Eli Lilly's April 23, 2025 lawsuit. Public coverage references early VC participation, but we cannot cite a primary source for cumulative funding totals at this time. Henry Meds is excluded from the segment funding aggregate until a primary or strong secondary source is added. Sources: Reuters (Apr 23, 2025).
Calibrate — $100M+ then restructured
BCalibrate raised a $100M Series B in 2021. By 2023–2024, the company had downsized significantly, transitioned toward enterprise/employer channels, and accepted structured financing from Madryn Asset Management. It is a useful row for "what happened to the 2021–2022 GLP-1 telehealth boom" stories, but should not be cited as a current growth signal. Sources: FierceHealthcare; subsequent business reporting.
Zealthy (FitRx, LLC dba Zealthy) — funding [NEEDS VERIFICATION]; FDA warning letter Sept 2025
CZealthy is a telehealth provider with weight management as a vertical. Funding totals are [NEEDS VERIFICATION] without a primary source. On September 9, 2025 (posted September 16, 2025), the FDA issued a warning letter to FitRx, LLC dba Zealthy regarding alleged unlawful sale of unapproved and misbranded drugs and false or misleading claims concerning compounded semaglutide. Sources: FDA enforcement (warning letter dated Sept 9, 2025).
Bankruptcies, restructurings, and litigation tracker
One material bankruptcy and one major litigation cluster have shaped the segment so far. WW International filed a prepackaged Chapter 11 on May 6, 2025, with its plan confirmed June 17, 2025. Eli Lilly sued four compounded GLP-1 telehealth providers in April 2025; in April 2026 the court partially denied Mochi Health's renewed motion to dismiss, allowing Lanham Act and California UCL claims to proceed.
Eli Lilly v. four telehealth defendants
On April 23, 2025, Eli Lilly filed lawsuits in the U.S. District Court for the Northern District of California against four telehealth companies — Mochi Health Corp., Fella Health and Delilah, Willow Health Services, and Henry Meds — alleging unfair competition, false advertising under California law and the federal Lanham Act, and corporate-practice-of-medicine violations related to compounded versions of Lilly's tirzepatide (Mounjaro/Zepbound).
Mochi Health docket update (most cited):
- October 2025 — District Judge Jacqueline Scott Corley granted Mochi Health's motion to dismiss because Lilly had failed to articulate how it was harmed.
- Lilly filed an amended complaint addressing the injury question.
- April 13, 2026 — Judge Corley partially denied Mochi's renewed motion to dismiss, allowing Lilly's claims under California's Unfair Competition Law and the federal Lanham Act to proceed.
- A separate Eli Lilly v. Willow Pharmacy case (against a compounding pharmacy) was dismissed in October 2025 — different defendant, similar claims. Do not conflate the two.
For citations:
Always note: (1) which defendant the case is against, (2) the procedural posture (motion to dismiss, partial denial, etc.), (3) the date of the latest ruling, and (4) that "alleged" applies to the claims. Do not characterize the outcome on the merits.FDA enforcement timeline (compounded GLP-1 segment)
| Date | Event |
|---|---|
| Feb 21, 2025 | FDA declared semaglutide shortage resolved |
| Apr 22, 2025 | End of FDA enforcement-discretion period for 503A state-licensed pharmacies compounding semaglutide |
| May 22, 2025 | End of FDA enforcement-discretion period for 503B outsourcing facilities compounding semaglutide |
| Sept 9, 2025 | FDA warning letter to FitRx, LLC dba Zealthy |
| Apr 30, 2026 | FDA proposed to exclude semaglutide, tirzepatide, and liraglutide from the 503B Bulks List, finding no clinical need for outsourcing facilities to compound these drugs from bulk substances. Federal Register notice published May 1, 2026; public comment period open through June 29, 2026. |
Valuation confidence — what's safe to cite as "current"
Valuation is the field journalists get burned on most often, because old private valuations get cited as if they're current. The table below shows what each valuation reflects, when it was set, and how to phrase it accurately. Treat valuations as time-stamped evidence, not evergreen facts.
| Company | Reported valuation | Date set | Type | Confidence | Citation guidance |
|---|---|---|---|---|---|
| eMed | $2B+ | Mar 26, 2026 | Private (Series A post-money) | A | "Reported $2B+ as of March 2026" |
| Hims/Eucalyptus deal | Up to $1.15B | Feb 19, 2026 | Acquisition value (announced) | A | "Up to $1.15B in announced transaction value" — not a standalone valuation of Eucalyptus |
| Hims/ZAVA deal | $258.0M | 2025 (10-Q disclosure) | Accounting purchase price | A | Cite per Hims Q3 2025 10-Q |
| Ro | ~$7B | Feb 2022 | Private (reported) | B | "Reported ~$7B in 2022" — historical, not current |
| Found | ~$600M | Dec 2021 | Private (reported) | B | "Reported ~$600M in 2021" — historical |
| Noom | Reported ~$3.7B+ | May 2021 | Private | B | "Reported ~$3.7B+ in 2021" — historical |
| Mochi Health | Undisclosed | — | Private | C | Do not cite a valuation |
| Calibrate | Down round | 2023–2024 | Private | C | Do not cite peak; note restructuring |
How much has GLP-1 telehealth raised in total?
Companies operating GLP-1 telehealth or virtual weight-management programs have raised more than $2 billion in disclosed venture and growth funding through May 2026. The number is concentrated heavily in Ro (~$1.03B database-reported) and Noom (~$540M Series F in 2021), with eMed's March 2026 Series A ($200M) representing the largest single GLP-1-specific round.
| Company | Disclosed total | Notes |
|---|---|---|
| Ro | ~$1.03B (database-reported) | |
| Noom (Noom Med + parent) | ~$540M+ | Broader digital health, not GLP-1-specific |
| eMed | $200M+ (Series A) | Prior rounds smaller |
| Found | ~$132M+ | |
| Calibrate | ~$100M+ | |
| Form Health | ~$64.8M | |
| knownwell | ~$50M+ | |
| Henry Meds | [NEEDS VERIFICATION] | Excluded from aggregate |
| Zealthy | [NEEDS VERIFICATION] | Excluded from aggregate |
| Mochi Health | $0.5M–$1.15M | Conflicting sources |
| Conservative aggregate | ~$2.13B+ | Excludes rows marked [NEEDS VERIFICATION] and public market caps |
Which GLP-1 telehealth numbers are safe to cite?
Funding, revenue, valuation, market cap, and acquisition price are five different things. Treat them that way. Below is the citation friction-reducer journalists actually need: risky vs. safer wording for the most-mis-cited claims in the segment.
| ❌ Risky wording | ✅ Safer wording |
|---|---|
| "Ro is worth $7B." | "Ro was reported to be valued around $7B in a 2022 financing; the company has not disclosed a new priced primary round since." |
| "Mochi has raised $1.15M." | "Public databases report a March 2022 Seed or Pre-Seed round but the cumulative total conflicts across sources between $500K and $1.15M; Weight Loss Provider Guide has not verified a primary-source total." |
| "Hims made $2.35B from GLP-1s." | "Hims & Hers reported approximately $2.35B in total FY2025 revenue. Weight loss is a major contributor but the company has not published a clean GLP-1-only revenue split for FY2025." |
| "Hims acquired Eucalyptus for $1.15B in cash." | "Hims & Hers said the Eucalyptus transaction is valued at up to $1.15 billion, including approximately $240 million cash at closing, with the remainder structured as deferred and earnout payments through early 2029. Closing is expected mid-2026, subject to regulatory approvals." |
| "Hims acquired ZAVA for $121.8M." | "Per Hims' Q3 2025 Form 10-Q, the ZAVA accounting purchase price was €219.2M / $258.0M, including €142.2M / $167.3M cash upfront, €77.0M / $90.7M contingent consideration, and a potential earn-out payable in cash of up to €117.7M tied to revenue and EBITDA targets through fiscal 2027." |
| "WeightWatchers paid $132M cash for Sequence." | "WeightWatchers' acquisition of Sequence was valued at $132 million per the company's release; some downstream sources cite an effective net price of $106M after adjustments." |
| "eMed has 90% adherence." | "eMed reports member adherence above 90% based on internal data; cite as company-reported." |
| "Calibrate raised $100M and is doing great." | "Calibrate raised a $100M Series B in 2021 and has since restructured, downsized, and pivoted toward enterprise channels." |
| "Lilly sued Mochi for trademark infringement and lost." | "Eli Lilly sued Mochi Health Corp. on April 23, 2025 alleging unfair competition, false advertising under the Lanham Act and California UCL. The court initially dismissed Lilly's complaint in October 2025 with leave to amend; on April 13, 2026, the court partially denied Mochi's renewed motion to dismiss, allowing Lanham Act and UCL claims to proceed. The case is ongoing." |
| "WW emerged from bankruptcy on June 17, 2025 and re-listed." | "WW International's reorganization plan was confirmed on June 17, 2025. Cite specific emergence date and re-listing wording with a separate post-confirmation source." |
Copy-ready citation block
You may cite this database with attribution. For row-level claims, please also link the original primary source listed in the row (SEC filing, investor release, or press release).
Methodology and source hierarchy
Every row is graded by source quality. SEC filings and official investor releases rank highest. Reputable news and company press releases follow. Private database snippets are used only for discovery, with conflict notes and verification flags. Where sources disagree, we publish the disagreement instead of forcing a single number.
Inclusion criteria
A company qualifies if it meets all three:
- Telehealth-delivered care. The company prescribes via virtual visit (synchronous or asynchronous), not in-person primary care.
- GLP-1 receptor agonist offering. The company offers semaglutide, tirzepatide, liraglutide, orforglipron, or branded GLP-1 medication for weight management or type 2 diabetes.
- Disclosed financial event. The company has at least one publicly disclosed funding round, M&A event, public-company filing, or material restructuring.
Source hierarchy
| Tier | Source | Use |
|---|---|---|
| 1 | SEC filings (10-K, 10-Q, 8-K, S-1) | Public-company revenue, acquisition terms, debt structure |
| 2 | Company investor releases | Earnings, guidance, M&A announcements |
| 3 | Primary press releases (Business Wire, PRNewswire, GlobeNewswire) | Funding rounds, lead investors, deal values |
| 4 | Reputable business news | Deal context, valuation reporting, secondary corroboration |
| 5 | Private databases (Crunchbase, PitchBook, Tracxn, Wellfound) | Discovery only — flagged when conflicting; not used as sources of record |
| — | Wikipedia | Discovery only; not used as a source of record |
| — | Social posts, unsourced blogs | Excluded |
Update cadence
- ·Monthly full pass: first business day of each month. Rows are rechecked; rows that materially changed get an updated last-verified date and change-log entry.
- ·Within 72 hours of material event: earnings disclosures, funding announcements, M&A deals, bankruptcies, regulatory actions, lawsuits.
- ·Earnings cycles: heavy update windows in mid-February, early May, early August, and early November as public companies file quarterly results.
How to verify the public-company entries on this page
Every public-company entry can be re-verified from these source documents. We recommend opening the linked filing yourself before citing — that is how editors will fact-check you anyway.
What we did not independently verify (treat with care):
- · Mochi Health's cumulative funding total — three public databases conflict; no primary source cleanly resolves it. Marked C.
- · Ro's secondary-market valuation since 2022. No company disclosure available.
- · Sacra's revenue estimate for Ro — attribute as third-party analyst estimate, not a Ro disclosure.
- · Henry Meds and Zealthy cumulative funding totals — marked [NEEDS VERIFICATION].
2026 change log and corrections
| Date | Update | Source | Grade |
|---|---|---|---|
| Initial publication of database (rows verified through this date) | All listed sources | A | |
| Added FDA proposal to exclude semaglutide, tirzepatide, liraglutide from 503B Bulks List | FDA press release; Federal Register | A | |
| Lilly v. Mochi Health: court partially denied Mochi's renewed motion to dismiss; Lanham Act and California UCL claims proceed | Courthouse News; court docket | A | |
| LifeMD launched Foundayo (orforglipron) through weight-management program | LifeMD release; BioSpace | A | |
| FDA approved Lilly's orforglipron (Foundayo) | FDA; LifeMD release | A | |
| eMed Series A close ($200M, $2B+ valuation) | eMed release; FierceHealthcare | A | |
| Hims & Hers and Novo Nordisk new agreement; Novo dropped patent-infringement lawsuit; compounded GLP-1 advertising restrictions | Hims investor release; STAT; PBS NewsHour | A | |
| LifeMD FY2025 results released ($194.1M telehealth revenue; FY2026 guidance $220M–$230M) | LifeMD release | A | |
| Hims FY2025 results: ~$2.35B revenue; FY2026 guidance $2.7B–$2.9B; pulled compounded weight-loss pill | Hims earnings release | A | |
| Hims & Hers / Eucalyptus agreement (up to $1.15B; closing expected mid-2026) | Hims investor release; SEC 8-K | A |
Corrections log
Frequently asked questions
What is the biggest GLP-1 telehealth acquisition?
The largest announced deal as of May 2026 is Hims & Hers' agreement to acquire Eucalyptus, valued at up to $1.15 billion, announced February 19, 2026, with closing expected mid-2026. The largest closed acquisition by a public acquirer in the segment is Hims & Hers' acquisition of ZAVA, with an accounting purchase price of $258.0 million per Hims' Q3 2025 Form 10-Q. WeightWatchers' purchase of Sequence in March 2023 was valued at $132 million.
What was Ro's latest funding round?
Ro's most recent priced primary round was a $150 million additional financing in February 2022, led by ShawSpring Partners, at a reported $7 billion valuation. Some search results label this round a 'Series E'; Ro's release calls it an additional financing from existing investors. The $500 million Series D closed earlier, in March 2021. Ro has not disclosed a new priced primary round since.
How much GLP-1 revenue did Hims & Hers report?
Hims & Hers reported approximately $2.35 billion in total FY2025 revenue per its Q4 2025 earnings release. The company guided $725 million for the weight loss segment in early 2025. Hims has not published a clean GLP-1-only revenue split for FY2025, so cite "weight loss" or "total revenue" carefully and avoid implying all revenue is GLP-1.
How much funding has Mochi Health raised?
Public sources conflict. Wellfound shows $500K, Tracxn and Crunchbase show $650K, PitchBook's public snippet shows $1.15M. The company has not, to our knowledge, issued a primary-source release confirming a clean cumulative total as of May 6, 2026.
Who acquired Sequence?
WeightWatchers (now WW International) announced the acquisition of Sequence in March 2023, in a transaction valued at $132 million, per the company's release. The asset has since been rebranded WeightWatchers Clinic and is the GLP-1 backbone of WW's post-bankruptcy clinical revenue.
What is eMed's valuation?
eMed closed a $200 million Series A at a $2 billion+ post-money valuation on March 26, 2026, led by AON Consulting. The CEO is Linda Yaccarino (former X CEO) and the Founding Chief Wellness Officer is Tom Brady.
Which GLP-1 telehealth companies are publicly traded?
Four: Hims & Hers Health (NYSE: HIMS), LifeMD (NASDAQ: LFMD), WW International (NASDAQ: WW), and Mangoceuticals (NASDAQ: MGRX). Teladoc (NYSE: TDOC) operates weight-management programs through employer channels but is not GLP-1-specific.
Has any GLP-1 telehealth company gone bankrupt?
One. WW International filed a prepackaged Chapter 11 on May 6, 2025, with its plan confirmed June 17, 2025, eliminating approximately $1.15 billion in pre-petition debt. The company subsequently rebranded its Sequence asset as WeightWatchers Clinic.
What lawsuits are active in the segment?
Eli Lilly filed lawsuits on April 23, 2025 against four telehealth defendants — Mochi Health Corp., Fella Health and Delilah, Willow Health Services, and Henry Meds — alleging unfair competition, false advertising under the Lanham Act and California law, and corporate-practice-of-medicine violations related to compounded tirzepatide. In Lilly v. Mochi specifically: the court initially dismissed Lilly's complaint in October 2025 with leave to amend; on April 13, 2026, the court partially denied Mochi's renewed motion to dismiss, allowing Lanham Act and California UCL claims to proceed.
What did the FDA do about compounded GLP-1s in 2026?
On April 30, 2026, the FDA proposed to exclude semaglutide, tirzepatide, and liraglutide from the 503B Bulks List, finding no clinical need for outsourcing facilities to compound these drugs from bulk substances. Public comments are open through June 29, 2026. If finalized, the rule would close the 503B bulks pathway for these three drugs.
How often is this database updated?
Monthly full pass on the first business day of each month. Material events — earnings, M&A, bankruptcies, funding rounds, regulatory actions — are added within 72 hours of disclosure. Earnings update windows fall in mid-February, early May, early August, and early November.
Where do you source funding data?
SEC filings (10-K, 10-Q, 8-K) for public companies. Primary press releases (Business Wire, PRNewswire, GlobeNewswire) for private rounds. Reputable business news for deal context. Court filings for litigation. Crunchbase, PitchBook, Tracxn, and Wellfound are used for discovery and cross-verification only — not as sources of record.
Can I cite this database in my article or deck?
Yes, with attribution. For each specific number you cite, please also link the primary source listed in the row — the SEC filing, investor release, or press release. That is how the database was built, and it is how editors will fact-check you. Copy-ready citation: Weight Loss Provider Guide. (2026). GLP-1 Telehealth Funding & M&A Database. Last verified May 6, 2026. Retrieved from https://weightlossproviderguide.com/research/glp1-telehealth-funding-ma/
Submit a correction or new entry
Found an error? Have a primary source for a row marked [NEEDS VERIFICATION]? Email us at [email protected] with the company name, the field, and the source URL. Corrections are reviewed within five business days and added to the public corrections log above.
Founders and PR teams: if you have issued a funding announcement we have not picked up, send us the press release. We will add the row in the next monthly pass.
About this database
The GLP-1 Telehealth Funding & M&A Database is maintained by the Weight Loss Provider Guide research team. We are not a regulator, broker-dealer, or investment advisor. This page is corporate-finance reference, not investment advice or medical advice.
We built this because the open web is still fragmented — funding maps, SEC filings, investor releases, lawsuits, revenue disclosures, and private-database snippets are not combined into one row-level, source-graded tracker. We aggregate, source, grade, and update — every month, with our work shown.
Affiliate relationships exist on other pages of Weight Loss Provider Guide but do not influence database entries on this page. Where sources conflict, we publish the conflict. Where we estimate, we attribute. Where we do not know, we say so.
If our work helps you ship a story or a memo without misquoting a number, we did our job. — The Weight Loss Provider Guide research team