Hinge Health, a digital musculoskeletal clinic, has secured USD400 million in a Series E financing, at a USD6.2 billion valuation. Tiger Global and Coatue Management led the round, with Alkeon and Whale Rock acquiring ownership as part of a USD200 million secondary investment.
“What makes this round special is that it’s led by the people who know us best – our existing investors,” says Daniel Perez, co-founder and CEO of Hinge Health. “We’ll use this capital to continue investing in new ways to improve access and outcomes, create exceptional patient experiences, and avoid unnecessary surgeries.”
Over USD1 billion has been invested in Hinge Health, enabling the creation of one of the largest clinical, data science, and R&D teams in all of digital health. Underscoring its momentum, in 2021, Hinge Health more than doubled its customer base year over year.
“At Chico’s FAS, we appreciated that Hinge Health’s Digital MSK Clinic focuses on the entire MSK journey from prevention to post-surgery. Hinge Health’s holistic approach pairs physical therapists with health coaches to engage members, drive lifestyle and behaviour changes, and help participants stick with the program. As a result, our members working across retail, warehouse distribution, and customer call centres cut MSK pain bymore than half,” says Erin Lansberry, Senior Benefits Manager at Chico’s FAS.
“We’ve had the pleasure of working closely with the Hinge Health team over the past year since co-leading their last round,” says Scott Shleifer of Tiger Global. “They have such a relentless focus on their patients, customers, and team and it shows in their clinical and economic outcomes. We’re so excited to grow our investment in the company.”
“We believe Hinge Health is a leader in the new digital healthcare frontier,” says Lucas Swisher, Partner at Coatue Management. “We are excited by Hinge Health’s vision and achievements and were impressed to see patients speak about their care experience with such delight and passion.”
