Virtual physical therapists hide health files for IPO calculated to raise $ 500 million

Hinge Health, a 10-year-old company that offers a digital solution for the treatment of chronic conditions of musculoskeletal (MSK), Filed to become publicS

Although Hinge has not yet announced how many shares, neither are they appreciated, IPO specialists at Renaissance Capital estimate that the company hopes to bring together to $ 500 million In its supply.

Hinge’s 2024 revenue was $ 390 million, which is a 33% increase over the previous year, while net losses decreased to $ 11.9 million from $ 108 million in 2023, according to IPO prospectus.

The company’s technology aims to reduce MSK pain by using sophisticated computer sensors and computer vision technology, which is observed remotely from a clinical care team from physiotherapists, doctors and certified health coaches on board.

The hinge was the last worth $ 6.2 billion In October 2021, when he raised $ 400 a series was from Tiger Global and Management Coatue. The company has raised a total of $ 828 million at risk, according to Pitchbook.

The largest external shareholders of the company are Partners Insight, which owns 19% of all shares, and Atomico, which has 15% of all shares. Other venture capital companies, which hold approximately 8% of Hinge’s shares, include 11.2 Capital, Coatue, Tiger Global and Bessemer Venture Partners, according to the submission. Co -founders Daniel Perez and Gabriel Mecklenburg have 18.9% and 8.2%.

Hinge’s main competitor is Sword Health, which was estimated at $ 3 billion last year. Virgílio Bento, CEO of Sword and founder, told TechCrunch Last year, if the company is growing as expected and the macroeconomic environment is favorable, it can also launch a public list in 2025.

Other competitors of Hinge Health include Kaia Health Software, Omada Health and Vori Health.