Total amount raised
$123 Millions
Latest funding date
04/01/2021
Location
Kaia Health has successfully raised significant funding through multiple rounds, with the latest being a Series C round. The company offers digital-first care solutions for musculoskeletal pain, leveraging AI technology and personalized therapy plans.
Keep reading to explore the intricacies of Kaia Health's fundraising journey and the investors backing this innovative platform.
What Is Kaia Health?
Kaia Health, founded in 2016 by Konstantin Mehl and Manuel Thurner, is headquartered in Brooklyn, New York. The company specializes in digital therapeutics, offering evidence-based treatments for conditions like back pain and COPD.
Kaia Health leverages AI and machine learning to deliver personalized therapy plans through their digital platforms. Their solutions include the MSK Digital Therapy Platform, Motion Coach, and Kaia Gateway, providing comprehensive care for musculoskeletal conditions.
With a team of 101-250 employees, Kaia Health continues to innovate in the digital health space, aiming to empower patients to manage their conditions from the comfort of their homes.
How Much Funding Has Kaia Health Raised?
- Series C
- Amount Raised: $75M
- Date: April 2021
- Lead Investors: Hedosophia, Eurazeo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow the commercial team, accelerate product and partnership development, and expand offerings within Europe.
- Series B
- Amount Raised: $26M
- Date: June 2020
- Lead Investors: 3VC, Idinvest Partners, Optum Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To address increased demand for digital healthcare solutions during the COVID-19 pandemic.
- Series A
- Amount Raised: $8M
- Date: September 2019
- Lead Investors: Optum Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of Kaia Health's digital therapeutics platform.
- Series A
- Amount Raised: $10M
- Date: January 2019
- Lead Investors: Balderton Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and expand Kaia Health's digital therapeutics offerings.
- Seed Round
- Amount Raised: $4M
- Date: June 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch and establish Kaia Health in the digital therapeutics market.
Total Amount Raised: $123M. Current Valuation: Not publicly disclosed.
Key Investors
- Optum Ventures
- Details: Optum Ventures is the venture capital arm of Optum, focusing on health care investments. They aim to improve the healthcare system through innovative solutions.
- Investment Focus Areas: Healthcare technology, digital health, healthcare services.
- Notable Investments: Buoy Health, Mindstrong, RubiconMD.
- Balderton Capital
- Details: Balderton Capital is a London-based venture capital firm investing in early-stage technology companies. They have been involved with Kaia Health since its Series A round in 2019.
- Investment Focus Areas: Early-stage technology companies, European startups.
- Notable Investments: Revolut, The Hut Group, Citymapper.
- 3VC
- Details: 3VC is a venture capital firm focusing on early-stage technology investments, particularly in Europe. They have a strong interest in healthcare and life sciences sectors.
- Investment Focus Areas: Early-stage technology companies, healthcare, life sciences.
- Notable Investments: Bitmovin, Adverity, Assaia.
- Idinvest Partners
- Details: Idinvest Partners is a European private equity and venture capital firm. They invest across various sectors, including healthcare and technology.
- Investment Focus Areas: Private equity, venture capital, healthcare, technology.
- Notable Investments: Deezer, Meero.
- Hedosophia
- Details: Hedosophia is a venture capital firm known for investing in technology companies. They participated in Kaia Health's Series C round.
- Investment Focus Areas: Technology companies.
- Notable Investments: TransferWise, Deliveroo.
What's Next for Kaia Health?
Kaia Health stands at the cusp of significant growth opportunities, driven by the increasing demand for digital health solutions. With plans to expand into new markets such as Europe, Canada, and Asia, the company aims to integrate its digital therapeutics with traditional healthcare systems, enhancing patient care and accessibility.
Future fundraising efforts are likely to be bolstered by the company's demonstrated success and investor confidence, as evidenced by the recent $75 million Series C round. This financial backing will support further technological advancements and market expansion, positioning Kaia Health for continued growth.
However, challenges such as competition in the digital therapeutics market and navigating regulatory requirements in new regions may pose hurdles. Ensuring seamless integration with medical providers and maintaining the quality and effectiveness of treatments will be crucial for sustained success.
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