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Hinge Health , a 10 - year - honest-to-god company that offers a digital solution to process chronic musculoskeletal ( MSK ) conditions , filed to go public .
Although Hinge has not yet announced how many shares , nor price them , the IPO medical specialist at Renaissance Capital estimate the company hopes to raise up to$500 millionin its oblation .
Hinge ’s revenue in 2024 was $ 390 million , a 33 % step-up from the anterior year , while last loss narrow down to $ 11.9 million from $ 108 million in 2023 , according to its IPO course catalogue .
The company ’s technology aspire to reduce MSK pain through the use of advanced wearable detector and computer visual sense technology that is monitored remotely by a clinical care team of physical therapists , physicians , and board - certified health manager .
Hinge was lastvalued at $ 6.2 billionin October 2021 when it put forward a $ 400 Series E from Tiger Global and Coatue Management . The company has raised a aggregate of $ 828 million in speculation capital , according to PitchBook data point .
The company ’s largest international shareholders are Insight Partners , which holds 19 % of all stock , and Atomico , which has 15 % of all share . Other speculation upper-case letter firms that own approximately 8 % of Hinge ’s shares let in 11.2 Capital , Coatue , Tiger Global , and Bessemer Venture Partners , grant to the filing . carbon monoxide - founders Daniel Perez and Gabriel Mecklenburg own 18.9 % and 8.2 % , severally .
Hinge ’s chief contender is Sword Health , which was prize at $ 3 billion last year . Virgílio Bento , Sword ’s CEO and laminitis , tell TechCrunchlast class that if the company grow as look and the macroeconomic environment is favourable , it could also launch a public listing in 2025 .
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Hinge Health ’s other competitors let in Kaia Health Software , Omada Health , and Vori Health .
