This is the Hinge Health pitch deck to raise a $300m series-d round in 2021.
About
Hinge Health is a patient-centered digital clinic that treats chronic musculoskeletal conditions such as back and joint pain.
It 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. Hinge Health is backed by Bessemer Venture Partners, Lead Edge Capital, Insight Partners, Atomico, 11.2 Capital, Quadrille Capital, Heuristic Capital, Coatue, and Tiger Global.
In 2015, Daniel Perez and Gabriel Mecklenburg co-founded Hinge Health in San Francisco, California.
The global digital health sector has unsurprisingly boomed amid the ravages of the coronavirus pandemic, with companies and consumers increasingly seeking out alternatives to in-person services.
Investors too are pouring more money into the space. One recent beneficiary is Hinge Health, which raised $300 million earlier in January to become the most highly valued private health tech in the US, the company said.
The Series D round was jointly led by private equity giants Coatue Management and Tiger Global and raised the valuation of the startup to $3 billion, according to Hinge Health’s announcement.
The San Francisco-based startup offers a digital clinic for musculoskeletal (MSK) pain and is available to more than 300 enterprise customers in the US. The company’s customer base tripled and revenue quadrupled in 2020, according to Hinge Health’s CEO Daniel Perez.
“It was a very interesting year for us — in March every investor was concerned due to the pandemic, but we decided to stay the course,” Perez told Insider in an interview. “We knew there would be a counter-revolution after a five or so week period where people weren’t answering the phone. We said, ‘If we can overcome this and execute we will win’ — and we were one of the fastest growing companies in tech last year.”
The startup, founded in 2015, avoided layoffs or salary cuts and continued to hire last year. This new fundraising will help Hinge Health continue on its growth trajectory, with its current 550 headcount likely to double by the end of 2021, Perez said. The company was named as a health tech company changing the industry recently.
Amid a crazy year for IPO listings in the US, and a likely continued surge into 2021, Hinge Health is primed for a debut on the public markets.
“There was enormous investor interest when we opened the round — within 24 hours we had more than $400 million in commitments,” Perez added. “They [Coatue and Tiger Global] are the two best funds for a pre-IPO round, it’s very rare that they co-lead the same round.”
Funding Rounds
| Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Jan 7, 2021 | Series D – Hinge Health | 9 | $300M |
Coatue, Tiger Global Management
|
| Dec 22, 2020 | Venture Round – Hinge Health | 1 | — | — |
| Feb 4, 2020 | Series C – Hinge Health | 7 | $90M | Bessemer Venture Partners |
| Aug 9, 2018 | Series B – Hinge Health | 2 | $26M | Insight Partners |
| Jul 24, 2017 | Series A – Hinge Health | 4 | $8.3M | Atomico |
| Jun 20, 2016 | Seed Round – Hinge Health | 3 | $1.3M | 11.2 Capital |
| Jan 30, 2016 | Angel Round – Hinge Health | 1 | $500K | Daniel Perez |
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