Total amount raised
$123 Million
Latest funding date
04/01/2021
Location
Kaia Health has successfully raised funding over five rounds, with the latest being a Series C round involving multiple investors. The company is backed by 15 investors, including notable names like Hedosophia and Eurazeo.
Keep reading to explore the intricacies of Kaia Health's fundraising journey and the investors backing this innovative digital therapeutics platform.
What Is Kaia Health?
Kaia Health is a digital therapeutics company that creates evidence-based treatments for various medical disorders. The company operates in the health care, machine learning, medical, and therapeutics industries. It is based in New York, United States, and has a workforce of 101-250 employees.
Kaia Health offers digital-first care solutions for musculoskeletal pain, targeting both employers and individual users. Their programs are designed to be low-cost, easily accessible, and scalable, with proven clinical outcomes and significant ROI. The company collaborates with large healthcare organizations and is trusted by over 2500 employers and health plans.
How Much Funding Has Kaia Health Raised?
- Seed Round
- Amount Raised: USD 4,000,000
- Date: June 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and launch of Kaia Health's digital therapeutics platform.
- Series A Round (1)
- Amount Raised: USD 10,000,000
- Date: January 2019
- Lead Investors: Balderton Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in digital therapeutics and support the company's early clinical evidence showing the effectiveness of its treatments.
- Series A Round (2)
- Amount Raised: USD 8,000,000
- Date: September 2019
- Lead Investors: Optum Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and expand Kaia Health's digital therapeutics offerings.
- Series B Round
- Amount Raised: USD 26,000,000
- Date: June 2020
- Lead Investors: 3VC, Idinvest Partners, Optum Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To address the increased demand for digital healthcare solutions during the COVID-19 pandemic.
- Series C Round
- Amount Raised: USD 75,000,000
- Date: April 2021
- Lead Investors: Hedosophia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the commercial team, accelerate product and partnership development, and extend the company's offerings within Europe.
Total Amount Raised: USD 123,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Hedosophia
- Details: Hedosophia is a growth equity fund that invests in technology companies. They focus on providing capital to high-growth companies with proven business models.
- Investment Focus Areas: Technology, digital health, consumer internet.
- Notable Investments: Not publicly disclosed.
- Optum Ventures
- Details: Optum Ventures is the venture capital arm of Optum, a health services and innovation company. They invest in digital health and healthcare technology companies.
- Investment Focus Areas: Healthcare technology, digital health, innovative healthcare solutions.
- Notable Investments: Buoy Health, Mindstrong, RubiconMD.
- 3VC
- Details: 3VC, formerly known as e.ventures, is a venture capital firm that focuses on early-stage technology companies. They have a strong presence in Europe and the United States.
- Investment Focus Areas: Early-stage technology companies, digital health, consumer internet, enterprise software.
- Notable Investments: N26, Shpock, Bitmovin.
- Balderton Capital
- Details: Balderton Capital is a London-based venture capital firm that invests in early-stage technology companies across Europe. They have a strong track record of supporting high-growth startups.
- Investment Focus Areas: Early-stage technology companies, consumer internet, enterprise software.
- Notable Investments: Revolut, The Hut Group, Citymapper.
- Idinvest Partners
- Details: Idinvest Partners is a European private equity and venture capital firm. They focus on providing growth capital to innovative companies in various sectors.
- Investment Focus Areas: Healthcare, technology, consumer goods.
- Notable Investments: Farfetch, Doctolib, Back Market.
What's Next for Kaia Health?
Kaia Health is poised for significant growth as it expands its commercial team and accelerates product and partnership development. With a focus on treating chronic conditions like musculoskeletal disorders and COPD, the company is well-positioned to capitalize on the increasing demand for digital health solutions. The recent $75 million Series C funding round underscores the vast opportunities available, particularly in expanding their offerings within Europe and other international markets.
Future fundraising opportunities seem promising, given the company's robust growth and the involvement of high-profile investors. As Kaia Health continues to innovate and integrate with existing medical providers, additional funding rounds could support further technological advancements and market expansion. However, the company may face challenges such as competition from other digital health firms and navigating regulatory requirements in new markets.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Kaia Health and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
