Hims & Hers Raises $1 Billion to Supercharge Global Expansion and AI-Driven Healthcare

Hims & Hers Health, Inc. (NYSE: HIMS), the telehealth platform known for its direct-to-consumer approach to wellness and healthcare, has raised an impressive $1 billion through a convertible debt offering—more than double its initial $450 million target. The substantial investor interest reflects growing confidence in the company’s long-term vision and market momentum.

“With this capital, we can move faster—growing internationally, expanding personalised care at scale, and investing in AI and data to bring precision care to millions,” said Andrew Dudum, Founder and CEO.

A Milestone Moment for the Telehealth Leader

This fundraising round marks the largest in Hims & Hers' history, underscoring the company’s evolution from a buzzy DTC health brand into a serious player in global digital healthcare. Since launching in 2017, the company has steadily built out services for mental health, primary care, dermatology, and sexual wellness—first in the U.S., and increasingly abroad.

Strategic Use of Funds: AI, Personalisation, and Global Growth

The $1 billion injection will be deployed to:

• Accelerate International Expansion: Bringing Hims & Hers’ accessible, consumer-centric care model to new global markets.

• Advance Personalised Healthcare: Enhancing the company’s ability to deliver precision treatments, tailored to individual users.

• Invest in AI and Data Science: Integrating cutting-edge technology to streamline diagnosis, optimise care pathways, and improve patient outcomes at scale.

Hims & Hers is betting big on the future of AI-powered telehealth and personalized medicine—trends reshaping how healthcare is delivered globally. As more consumers seek convenience, discretion, and proactive health support, platforms like Hims & Hers are poised to become essential parts of the digital healthcare landscape.

Looking Ahead

The company’s ambitious growth plan and this milestone funding round position it to lead the next phase of innovation in virtual care. With demand rising for more personalised, data-driven solutions, Hims & Hers is laying the groundwork to redefine what modern, scalable, and human-centric healthcare can look like on a global scale.