Hims & Hers Health
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Investors
Founders
About
Hims & Hers Health is a telehealth and direct-to-consumer wellness company founded in November 2017 by Andrew Dudum, Jack Abraham, Hilary Coles, and Joe Spector as part of the Atomic Labs venture studio portfolio 12. The company provides access to treatments for hair loss, skin care, sexual health, and mental health. Hims went public via a SPAC merger with Oaktree Acquisition Corp. (NYSE: OAC) on January 21, 2021, at an enterprise value of approximately $1.6 billion 3. It trades on the NYSE under the ticker HIMS.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| Nov 2017 | Seed (Series A) | $7M | Thrive Capital | Forerunner Ventures, SV Angel, MC Partners, Harry’s, Amity Supply 4 |
| Apr 2018 | Series A-1 | $40M | IVP, Redpoint Ventures | — 5 |
| Jun 2018 | Series B | $50M | IVP | Forerunner Ventures, Thrive Capital, Maverick Capital, Redpoint Ventures 67 |
| Jan 2019 | Series C | $100M | Undisclosed | Founders Fund, 8VC, Forerunner Ventures, Redpoint Ventures, Maverick Capital, IVP, Thrive Capital 89 |
| Jan 2021 | SPAC / IPO | ~$280M | Oaktree Acquisition Corp. | Franklin Templeton (PIPE) 3 |
Total private funding raised: approximately $197M across 5 rounds from 17 investors 10. The SPAC deal delivered up to $280M in cash through Oaktree’s trust account (~$205M) and a $75M PIPE at $10/share 3.
What Investors Say
“When we first met Andrew, Jack, and Hilary at the Atomic offices three years ago, we were so impressed that we literally didn’t want to leave the meeting.” — Jules Maltz and Alex Lim, IVP 6
What Founders Say
“The type of digital front door to care that Hims & Hers provides for modern consumers is the future of healthcare.” — Andrew Dudum, CEO & Co-Founder 11
“The pandemic has only sped up adoption” of telehealth. — Andrew Dudum, CEO & Co-Founder 11
Sources
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Crunchbase News, “Hims, Madison Reed, and Billie Each Raise More Venture Capital For Personal Care,” accessed March 2026. https://news.crunchbase.com/venture/hims-madison-reed-and-billie-each-raise-more-venture-capital-for-personal-care/↩
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CanvasBusinessModel, “What is Brief History of Hims & Hers Company?,” accessed March 2026. https://canvasbusinessmodel.com/blogs/brief-history/hims-and-hers-brief-history↩
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Healthcare Dive, “Hims & Hers goes public in $1.6B SPAC deal,” accessed March 2026. https://www.healthcaredive.com/news/hims-hers-goes-public-in-16b-spac-deal-1/593746/↩↩↩
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NewsCenter.io, “Hims Closes $7 Million,” November 2017, accessed March 2026. https://newscenter.io/2017/11/hims-closes-7-million/↩
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BeautyMatter, “hims valued at $200 million in $40 million raise,” April 2018, accessed March 2026. https://beautymatter.com/articles/hims-valued-at-200-million-in-40-million-raise↩
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IVP, “Hims & Hers: Reimagining Healthcare and a New Model For Startup Growth,” accessed March 2026. https://www.ivp.com/content/hims-hers-reimagining-healthcare-and-a-new-model-for-startup-growth/↩↩
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Crunchbase, “Series B - Hims & Hers - 2018-06-28,” accessed March 2026. https://www.crunchbase.com/funding_round/hims-series-b–498e3c3↩
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TechCrunch, “Wellness startup Hims enters the unicorn club with $100M investment,” January 28, 2019, accessed March 2026. https://techcrunch.com/2019/01/28/wellness-startup-hims-enters-the-unicorn-club-with-100m-investment/↩
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Crunchbase, “Series C - Hims & Hers - 2019-01-28,” accessed March 2026. https://www.crunchbase.com/funding_round/hims-series-c–6b5d29a5↩
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Crunchbase, “Hims & Hers — Funding, Financials, Valuation & Investors,” accessed March 2026. https://www.crunchbase.com/organization/hims↩
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IPO Edge, “Hims & Hers CEO Andrew Dudum on Going Public and the Future of Telehealth,” accessed March 2026. https://ipo-edge.com/hims-hers-ceo-andrew-dudum-on-going-public-and-the-future-of-telehealth/↩↩