Total amount raised
$138.2 Millions
Latest funding date
5/1/2022
Location
Hello Heart has successfully raised significant capital through multiple funding rounds, with the latest being a Series D round closed on May 2, 2022. The company has attracted a diverse group of 18 investors, including notable names like IVP and Transform Capital.
Keep reading to explore the intricacies of Hello Heart's fundraising journey and the investors backing this innovative digital health platform.
What Is Hello Heart?
Hello Heart, founded on May 5, 2013, by Maayan Cohen and Ziv Meltzer, is based in Menlo Park, California. The company specializes in cardiovascular digital therapeutics, aiming to help individuals understand and improve their heart health through technology.
They offer a comprehensive digital health solution that includes a mobile app, a blood pressure monitor, personalized coaching, risk detection, and clinical reports. This innovative approach allows users to manage and enhance their heart health effectively.
With a team of 101-250 employees, Hello Heart continues to grow and make significant strides in the digital health industry, providing valuable tools and insights to its users.
How Much Funding Has Hello Heart Raised?
- Series D
- Amount Raised: $70M
- Date: May 2022
- Lead Investors: Stripes
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support significant growth in customer demand and enhance AI engines for heart health management.
- Series C
- Amount Raised: $45M
- Date: May 2021
- Lead Investors: IVP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Series B
- Amount Raised: $12M
- Date: July 2019
- Lead Investors: Khosla Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and reach more users.
- Venture Round
- Amount Raised: $9M
- Date: March 2018
- Lead Investors: BlueRun Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To improve product development and market reach.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: December 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and development.
- Venture Round
- Amount Raised: $1.5M
- Date: March 2015
- Lead Investors: Resolute Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund initial product launch and market entry.
- Venture Round
- Amount Raised: $700K
- Date: October 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the core technology and early product iterations.
Total Amount Raised: $138.2M. Current Valuation: Not publicly disclosed.
Key Investors
- Stripes
- Details: Stripes is a growth equity firm that invests in high-growth, market-leading companies. They focus on partnering with exceptional founders to build iconic businesses.
- Investment Focus Areas: Technology, consumer products.
- Notable Investments: Monday.com, Snyk, Reformation.
- IVP (Institutional Venture Partners)
- Details: IVP specializes in later-stage venture capital and growth equity investments. They have a strong track record of investing in rapidly-growing technology and media companies.
- Investment Focus Areas: Technology, media, growth equity.
- Notable Investments: Slack, Twitter, Snap.
- Khosla Ventures
- Details: Khosla Ventures invests in early to late-stage companies across various sectors. They are known for their focus on impactful and innovative technologies.
- Investment Focus Areas: Technology, healthcare, clean energy.
- Notable Investments: DoorDash, Square, Impossible Foods.
- BlueRun Ventures
- Details: BlueRun Ventures focuses on early-stage investments. They have a history of backing companies that become leaders in their respective markets.
- Investment Focus Areas: Mobile software, financial technology, digital health.
- Notable Investments: PayPal, Waze, Coupa.
- Resolute Ventures
- Details: Resolute Ventures invests in early-stage companies. They aim to support founders with bold visions and innovative ideas.
- Investment Focus Areas: Technology, consumer products.
- Notable Investments: BarkBox, Opendoor, Clutter.
What's Next for Hello Heart?
With the rising prevalence of hypertension affecting nearly half of the American population, Hello Heart is poised to make a significant impact. The company plans to expand its AI-based health management functionalities, enhance lifestyle digital coaching, and deepen medication and cholesterol tracking. These advancements could position Hello Heart as a leader in the digital health space, offering substantial opportunities for growth.
Given the substantial market potential and the company's growth trajectory, future fundraising rounds seem likely. These funds would support further technological advancements and market expansion. However, Hello Heart will need to navigate challenges such as regulatory requirements, user engagement, and competition from other digital health solutions.
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