Virtual physical therapists Hinge Health files for IPO, estimated to raise $500M

Hinge Health, a 10 -year -old company that provides a digital solution for the treatment of chronic muscular (MSK) terms, PublicThe

Although the wrists have not yet announced how many shares or prices have been declared, the IPO experts of the Renaissance capital assume that the company is expecting to raise $ 500 million In the offer of it.

According to the IPO Prospectus, Hinge’s revenue was $ 1 million in 2021, which increased by 5% over the previous year, while the net losses stood at $ 1 million to $ 1.5 million in 2021.

The goal of the company’s technology is to reduce MSK pain through the use of advanced wearing sensors and computer vision technology, which is remotely monitored by physical therapists, physicians and clinical care teams of board-affiliated health coaches.

Was the end of the wrist Worth $ 6.2 billion In October 2021, when it raised a $ 400 series from Tiger Global and Kotu Management. According to pitchbook data, the company has collected a total of $ 828 million in Venture Capital.

The largest external shareholders of the organization are insightful partners, which contain 19% of all stocks and atomo, which contains 15% of all shares. According to The filing, about 8% of the other initiative capital companies shares the shares of 11.2 Capital, Kotu, Tiger Global and Basemer Venture Partners, according to the filing. Co-founder Daniel Perez and Gabriel Machenberg owned 18.9% and 8.2%.

The main contestant of Hinge is the sword health, which was worth $ 3 billion last year. Virzalio Bento, Sword’s CEO and founder, Tell TechCrunch Last year, if the company increased as expected and the macroeconomic environment was favorable, it could also launch a public list in 2025.

Other contestants in Hinge Health include Kia Health Software, Omda Health and Vori Health.