Total amount raised
$325.1 Million
Latest funding date
01/01/2025
Location
Neko Health has successfully raised funding over two rounds, with the latest being a Series B led by Lightspeed Venture Partners. The company is backed by notable investors including O.G. Venture Partners and Lakestar.
Keep reading to explore the intricacies of Neko Health's fundraising journey and the investors backing this innovative platform.
What Is Neko Health?
Neko Health, based in Stockholm, Sweden, is a pioneering company in the healthcare industry. Specializing in advanced scanning technology, the company focuses on preventive healthcare and early detection. Founded by a team of experts, Neko Health employs between 101 and 250 people.
Operating within the realms of Artificial Intelligence and healthcare, Neko Health has established health centers in London, Manchester, and Stockholm, with plans to expand to New York City by 2026. The company is dedicated to leveraging cutting-edge technology to improve healthcare outcomes and promote regular health checks.
How Much Funding Has Neko Health Raised?
- Series A
- Amount Raised: $65,000,000
- Date: July 2023
- Lead Investors: Lakestar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's initial growth and expansion efforts, as well as to invest in the development of their health diagnostics technology.
- Series B
- Amount Raised: $260,000,000
- Date: January 2025
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: $1.8 billion
- Motivation Behind the Round: To accelerate Neko Health's expansion plans within Europe and the US and to continue investing in research and development for new breakthrough health diagnostics.
Total Amount Raised: $325,000,000. Current Valuation: $1.8 billion.
Key Investors
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a global venture capital firm that led Neko Health's Series B funding round. Bejul Somaia, a Global Partner at Lightspeed, will join Neko Health's Board of Directors.
- Investment Focus Areas: Technology, healthcare, innovative startups.
- Notable Investments: Snapchat, Affirm, Grubhub.
- General Catalyst
- Details: General Catalyst is a venture capital firm that participated in both Series A and Series B funding rounds for Neko Health. The firm focuses on early-stage and growth-stage investments.
- Investment Focus Areas: Technology, healthcare.
- Notable Investments: Airbnb, Stripe, Warby Parker.
- O.G. Venture Partners
- Details: O.G. Venture Partners is a venture capital firm that participated in Neko Health's Series B funding round. The firm focuses on early-stage technology and healthcare startups.
- Investment Focus Areas: Technology, healthcare startups.
- Notable Investments: Specific notable investments not provided.
- Rosello
- Details: Rosello is a venture capital firm that participated in Neko Health's Series B funding round. The firm focuses on technology and healthcare innovations.
- Investment Focus Areas: Technology, healthcare innovations.
- Notable Investments: Specific notable investments not provided.
- Lakestar
- Details: Lakestar is a venture capital firm that participated in both Series A and Series B funding rounds for Neko Health. The firm focuses on technology, healthcare, and consumer internet.
- Investment Focus Areas: Technology, healthcare, consumer internet.
- Notable Investments: Spotify, Revolut, Opendoor.
What's Next for Neko Health?
With a global waiting list of over 100,000 people, Neko Health is poised to capitalize on the growing demand for preventative healthcare. The company plans to expand its services to new regions, including the US, and enhance its diagnostic capabilities through continued investment in research and development. This expansion presents a significant opportunity to meet the high demand and improve healthcare outcomes on a larger scale.
Future fundraising efforts are likely to focus on scaling operations and advancing technological innovations. The successful Series B round, which raised $260 million, indicates strong investor confidence and sets the stage for additional funding rounds to support Neko Health's ambitious growth plans.
However, the company may face challenges such as managing the large waitlist, navigating regulatory requirements in new markets, and maintaining service quality while scaling operations. Staying ahead of competitors in the rapidly evolving healthcare technology sector will also be crucial for Neko Health's continued success.
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