Kaia Health announces it has raised $75 million in Series C funding (total raised to date: $125 million) to expand its clinical capabilities and transform the treatment path for musculoskeletal (MSK) and chronic obstructive pulmonary disease (COPD) care in the US and Europe.
Fundraising was led by an unnamed leading growth equity fund with support from existing investors, including Optum Ventures, Eurazeo, capital300, Balderton Capital, Heartcore Capital, Symphony Ventures (investment vehicle of four times Major winner Rory McIlroy) and A Round Capital.
The 2020 pandemic accelerated demand for a digital MSK solution, which saw Kaia Health grow its book of business by 600%. Globally, 60 million patients can access the Kaia Health digital MSK platform, according to the company, which notes that its virtual physical therapy technology provides real-time exercise feedback that has been third-party validated for its accuracy.
The company recently unveiled Kaia Gateway and Premium Partners based on a randomized controlled trial that suggests how a combined MSK care pathway of digital therapy, personalized health coaching, and collaboration with medical providers could achieve better outcomes than conventional care. Findings validate Kaia Health’s technology-forward, high-clinical-oversight approach.
Kaia Health will use the investment to grow its commercial team and accelerate product and partnership development to help more Americans access its MSK solution and expand the offering to COPD care. It will also invest funds into extending the offering within Europe and increasing access to Kaia Health by making its MSK and COPD solutions available through national reimbursement systems, it explains in a media release.
“Kaia Health is providing a proven MSK and COPD solution combining computer vision and human care to achieve better outcomes. Kaia Gateway is providing better care for patients in the US with more sophisticated triage and medical professionals who can help patients access the best care within the Kaia Health ecosystem.”
— Kaia Health CEO, President, and Founder, Konstantin Mehl
[Source: Kaia Health]
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