Hinge Health Secures $400M Funding from Tiger Global and Coatue

Hinge Health Secures $400 Million in Series E Funding

Hinge Health, a San Francisco-based provider of digital solutions for chronic musculoskeletal (MSK) conditions – including back and joint pain – has successfully completed a $400 million Series E funding round.

This new financing has resulted in a company valuation of $6.2 billion. The investment will be strategically allocated to enhance technology and product development.

Investment Details and Key Players

Tiger Global and Coatue Management, who previously co-led Hinge Health’s $300 million Series D round in January, again spearheaded this funding initiative.

Alkeon Capital and Whale Rock participated with a $200 million secondary investment, acquiring an ownership stake in Hinge Health. Notably, Tiger, Coatue, and Alkeon also recently invested in Abacus.ai, a company that recently secured $50 million in funding.

Strategic Use of Funds

According to a statement released by Daniel Perez, co-founder and CEO of Hinge Health, the newly acquired capital will be used to improve access to care, enhance patient outcomes, and optimize the overall patient experience.

The company highlights its position as “one of the most valuable companies in digital health” following this substantial investment.

Hinge Health’s Technology and Approach

Hinge Health’s core technology is designed to alleviate MSK pain, reduce the need for surgeries, and decrease opioid reliance.

This is achieved through the integration of advanced wearable sensors and computer vision technology, all under the guidance of a dedicated clinical care team comprised of physical therapists, physicians, and board-certified health coaches.

Growth and Leadership Expansion

Throughout this year, Hinge Health has experienced significant growth, more than doubling its customer base to exceed 575 enterprise clients.

The company is also nearing 1,000 employees and has bolstered its leadership team with key hires.

• Lalith Vadlamannati joined as Chief Technology Officer, bringing 13 years of experience from Amazon.
• Vincent Lim was appointed Chief People Officer, leveraging his expertise in scaling teams at Google, Medium, and JUUL Labs.

To date, Hinge Health has raised over $1 billion in total funding.