Total amount raised
$826.1 Millions
Latest funding date
Location
Title
Hinge Health has successfully raised significant funding through multiple rounds, including a Series E, to support its innovative digital clinic specializing in joint and muscle care. The platform combines wearable sensors, computer vision, and expert clinical teams to offer personalized digital care for conditions like pelvic pain and bladder control.
Keep reading to explore the intricacies of Hinge Health's fundraising journey and the investors backing this transformative platform.
What Is Hinge Health?
Hinge Health, founded in 2015 by Daniel Perez and Gabriel Mecklenburg, is a digital clinic specializing in joint and muscle care. Based in San Francisco, California, the company leverages wearable sensors and computer vision to provide personalized care.
With a workforce of 1001-5000 employees, Hinge Health offers solutions for conditions like pelvic pain and bladder control. Their innovative approach combines advanced technology with expert clinical teams to deliver effective treatment.
Hinge Health's services are accessible through their app, which includes exercise therapy, communication with care teams, and educational content. The company aims to make high-quality care available to a broad audience.
How Much Funding Has Hinge Health Raised?
Angel Round
- Amount Raised: $500K
- Date: January 2016
- Lead Investors: Daniel Perez
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company and develop initial product offerings.
Seed Round
- Amount Raised: $1.3M
- Date: June 2016
- Lead Investors: 11.2 Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the team.
Series A
- Amount Raised: $8.3M
- Date: July 2017
- Lead Investors: Atomico
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological capabilities.
Series B
- Amount Raised: $26M
- Date: August 2018
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve product offerings.
Series C
- Amount Raised: $90M
- Date: February 2020
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in new technologies.
Venture Round
- Amount Raised: Not publicly disclosed
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and strategic initiatives.
Series D
- Amount Raised: $300M
- Date: January 2021
- Lead Investors: Coatue, Tiger Global Management
- Valuation at Round: $3 billion
- Motivation Behind the Round: To support the company's rapid growth and expand virtual physical therapy services.
Secondary Market
- Amount Raised: Not publicly disclosed
- Date: October 2021
- Lead Investors: Alkeon Capital, Whale Rock Capital Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Series E
- Amount Raised: $400M
- Date: October 2021
- Lead Investors: Coatue, Tiger Global Management
- Valuation at Round: $6.2 billion
- Motivation Behind the Round: To improve access and outcomes, create exceptional patient experiences, and avoid unnecessary surgeries.
Hinge Health has raised a total of $825.1M with a current valuation of $6.2 billion.
Key Investors
- Coatue
- Details: Coatue Management is a global investment firm focused on technology, media, and telecommunications. Founded by Philippe Laffont, the firm manages both public and private equity funds.
- Investment Focus Areas: Technology, media, telecommunications, consumer sectors.
- Notable Investments: Snap, DoorDash, ByteDance.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that deploys capital globally in both public and private markets. The firm was founded by Chase Coleman in 2001.
- Investment Focus Areas: Technology, consumer sectors, financial services.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Alkeon Capital
- Details: Alkeon Capital Management is a global investment firm that focuses on technology and growth companies. The firm is known for its long-term investment approach.
- Investment Focus Areas: Technology, media, telecommunications, consumer sectors.
- Notable Investments: Alibaba, Amazon, Google.
- Whale Rock Capital Management
- Details: Whale Rock Capital Management is an investment firm that focuses on technology and consumer sectors. The firm was founded by Alex Sacerdote in 2006.
- Investment Focus Areas: Technology, consumer sectors, healthcare.
- Notable Investments: Tesla, Amazon, Netflix.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that invests in early-stage companies. The firm has a long history dating back to 1911 and has offices in the US, India, and Israel.
- Investment Focus Areas: Technology, healthcare, financial services, consumer sectors.
- Notable Investments: LinkedIn, Shopify, Pinterest.
What's Next for Hinge Health?
Hinge Health stands at the cusp of significant growth opportunities, driven by the increasing demand for virtual physical therapy services. With a valuation of $6.2 billion and a customer base that has more than doubled to over 575 enterprise customers, the company is well-positioned to expand its market reach. The integration of advanced wearable sensors and computer vision technology, along with strategic acquisitions like Enso, further enhances its service offerings.
Future fundraising opportunities appear promising as the digital health sector continues to attract substantial investments. Hinge Health's focus on improving access and outcomes, creating exceptional patient experiences, and avoiding unnecessary surgeries aligns well with industry trends. However, the company may face challenges such as competition from other digital health startups, ensuring scalability, and navigating regulatory requirements. Maintaining high levels of patient satisfaction and clinical outcomes will be crucial as they continue to grow.
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