Kaia Health Series-C

This is the Kaia Health pitch deck to raise a $75m series-c round in 2021.

About

Kaia Health is a digital therapeutics company that creates evidence-based treatments for a range of disorders including back pain and COPD. Working with experts in various medical fields, the company uses machine learning to deliver individualized app interventions that aim to empower and motivate patients to take control and self-manage their condition with digital alternatives from their home using devices they already own (i.e. smartphones and tablets).

The company has enrolled more than 400,000 users to date in its digital therapy program. It was founded in 2016 and is headquartered in Brooklyn, New York.

New York-based digital health startup Kaia Health has raised its second funding round in 12 months.

The $75 million Series C round from an unnamed growth fund comes 10 months after the company’s $26 million Series B.

Kaia Health, founded in 2016, develops treatments for chronic pain, particularly back pain, which is a major US health problem that costs at least $50 billion a year to treat. About half of all working Americans say they have back pain, and it’s the third-most-common reason for visits to the doctor, the American Chiropractic Association (ACA) says.

Patients can make use of personalized physical therapy sessions developed by the company’s algorithm. Users carry out the sessions by placing their phones down facing them. Its front-facing camera uses artificial intelligence to ensure a patient’s body is shaped in the correct way to get the most out of a session. Kaia, which is marketed to both corporates and individuals, also allows one-on-one video consultations with health coaches.

Kaia’s app also offers mindfulness exercises, such as breathing and relaxation techniques. A one-year subscription costs $80.

“We’re growing a lot more aggressively on the business side than before,” CEO Konstantin Mehl told Insider. Mehl said that the company had added 40 employees since last summer and wanted to go from 120 staff to 200 by the end of the year.

Existing investors Optum Ventures, Idinvest, capital300 and Symphony Ventures, an investment partnership established by golfer Rory McIlroy, Balderton Capital, and Heartcore Capital also joined the round.

The digital health sector has attracted $6.7 billion of investment in Q1 2021, according to a recent report by Rock Health.

Kaia Health claimed its business has grown 600% in the past 12 months.

The startup’s funding will also go towards expanding its chronic obstructive pulmonary disease (COPD) care offering in the US and Europe.

Funding Rounds

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