- Hinge Health is a patient-centred digital clinic that treats chronic musculoskeletal conditions such as back and joint pain.
- In 2015, Daniel Perez and Gabriel Mecklenburg co-founded Hinge Health in San Francisco, California, with global offices including London, United Kingdom.
- Hinge Health’s Digital Clinic is the #1 musculoskeletal (MSK) solution for employers and health plans.
About Hinge Health
Hinge Health offers a platform that combines wearable sensors, an app, and health coaching to remotely deliver physical therapy and behavioural health. The company’s services are available to nearly 200 enterprise customers and it aims to empower people to reduce chronic pain, opioid use, and surgeries.
MSK conditions are the #1 medical spend for US employers. Hinge Health is making it easier to bring expert-recommended care to millions of patients by being the first company to combine wearable-sensor guided exercise therapy with 1-on-1 PTs, health coaching, and patient education. Only Hinge Health has clinically validated outcomes across 4 peer-reviewed studies showing reductions in: chronic pain, opioid use, anxiety, depression, absenteeism, and costly surgeries.
4 in 5 employers with a digital MSK solution partner with Hinge Health as they currently work with Fortune 500 companies and 300+ health plan, employer, and public sector customers.
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Hinge Health Series D Funding
It was reported in January 2021 that Hinge Health have closed a $300 million in Series D funding round. The round was led by Coatue and Tiger Global, and values 2015-founded Hinge at $3 billion post-money. It comes off the back of a 300% increase in revenue in 2020, with investors told to expect revenue to nearly triple again in 2021 based on the company’s booked pipeline.
Hinge’s existing investors include Bessemer Venture Partners, which backed the company’s $90 million Series C round in February, along with Lead Edge Capital, Insight Partners (which led the Series B), Atomico (which led the Series A), 11.2 Capital, Quadrille Capital and Heuristic Capital.
