Concierge primary care “unicorn” Forward announced that it is shutting down operations, with all locations closing and nearly all staff expected to lose their jobs. The abrupt end to the eight-year-old company surprised many, especially given that they raised $100M last year.

• Forward raised $657M (including the $100M Series E round last year) and was valued at $1B in 2021. Investors included Founders Fund, Khosla Ventures, Softbank, Salesforce founder Marc Benioff, and the musician The Weeknd.