Ex-Yahoo exec s News Break startup gets unicorn valuation in $115M funding bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
MedCity News
Virtual physical therapy startup Hinge Health reaches $3B valuation
Hinge Health, a startup offering virtual physical therapy, recently raised $300 million in funding. The company now has a value of more than $3 billion, the company confirmed.
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Hinge Health system combines sensors with health coaches to help patients make sure they’re doing physical therapy exercises correctly. Photo credit: Christine Lui Chen, Hinge Health
Virtual physical therapy startup Hinge Health is now valued at $3 billion. The company closed on $300 million in funding, the company recently shared, confirming reports by TechCrunch.
Tiger Global and Coatue Management led the series D round, which Hinge Health plans to use to create a digital musculoskeletal clinic for back and joint pain.
Jan 8, 2021 10:30am
Hinge Health developed a digital musculoskeletal clinic to treat back and joint pain with dedicated programs for different patients needs, from early-stage prevention, acute pain, chronic pain or surgical rehabilitation. (Hinge Health)
With its latest $300 million funding round, Hinge Health is now one of the most valuable startups in digital health.
The company, which launched in late 2014, offers a digital platform that uses wearable sensors and one-on-one health coaching to deliver in-home musculoskeletal therapy.
Hinge Health s heavily oversubscribed series D round was jointly led by Coatue Management and Tiger Global with participation from existing investors Atomico, Insight Partners, Quadrille, 11.2 Capital, Lead Edge Capital, Bessemer Venture Partners and Heuristic Capital.
Hinge Health raises $300M at $3B valuation as #1 Digital Clinic for back and joint pain; revenue quadrupled year over year thetelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetelegraph.com Daily Mail and Mail on Sunday newspapers.
With 5 new unicorns in first week of 2021, are we in for a stampede this year?
What a week. Democracy is still standing and the nation is getting back to work, so let’s press forward, even if it does feel surreal to cover business news after witnessing a live-streamed coup attempt.
Setting aside the tectonic political moment, there’s plenty of activity inside the world of startups we need to discuss.
The pace at which new unicorns are being announced feels
incredibly rapid, possibly implying that private-market investors anticipate exit valuations will remain high, and that a venture market that tilted late-stage will continue its bias in this new year.