Hinge Health, a health app for people with chronic pain, has picked up $26 million in Series B funding. The round was led by Insight Venture Partners, and its previous investor London-based technology investor Atomico also participated in the round.
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This is the startup’s fourth capital infusion. Most recently, Hinge Health raised an $8.3 million Series A led by Atomico in July 2017. The Series B brings the company’s total capital raised to more than $36 million, per Crunchbase.
Founded in 2015, Hinge Health aims to help individuals suffering from chronic musculoskeletal pain to avoid unnecessary surgeries and pain medication. Its program is geared toward a lifestyle and behavioral medicinal approach. Hinge Health focuses on partnering with companies, providing its services as a benefit to employees who often struggle with back and other chronic pain.
The program provides users with 15-minute at-home, personalized stretching and strengthening exercises three times a week. The program includes a personal health coach, as well as access to articles about the roots of chronic pain, reducing pain, and other related information. Hinge Health provides its customers with both a tablet with the Hinge Health app and wearable sensors with chargers to track the effectiveness of exercises.
According to its website, the company says that its users have 60 percent fewer surgeries and that, on average, they have reported that their pain is reduced by 15 percent after twelve weeks. The company has grown by more than 50 people since raising its Series A last July and plans to grow to 100, according to Venturebeat.
Hinge Health is one of various startups that are looking to help individuals reduce pain and discomfort, and live healthier lives through the use of technology. Other startups have focused on work in diabetes and fitness through similar personalized programs. It seems that entrepreneurs are catching on to the desire for individuals to take control of their own pain and health, specifically when costly or painful procedures are the only alternatives.
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