Virtual physiotherapists hold health files for the IPO, estimated to collect $ 500 million

Hinge Health, a 10-year-old company that offers a digital solution to deal with chronic musculoskeletal conditions (MSK), filed to become public.

Although Hinge has not yet announced the number of shares or assessing them, specialists in the Capital Renaissance Understandings believe $ 500 million in its offer.

Hinge’s turnover in 2024 was $ 390 million, an increase of 33% compared to the previous year, while net losses were reduced to $ 11.9 million against $ 108 million in 2023, according to his IPO Prospectus.

Company technology aims to reduce MSK pain thanks to the use of advanced portables and computer vision technology which is remotely monitored by a team of clinical care of physiotherapists, doctors and health coaches certified by the board of directors.

The hinge was the last evaluated at $ 6.2 billion In October 2021, when he collected an E series of $ 400 of Tiger Global and Coatue Management. The company has raised a total of 828 million dollars in venture capital, according to Pitchbook data.

The largest external shareholders in the company are Insight Partners, which holds 19% of all shares, and Atomico, which holds 15% of all shares. Other venture capital companies that hold around 8% of Hinge shares include 11.2 Capital, Cotue, Tiger Global and Bessemer Venture, according to the file. Co-founders Daniel Perez and Gabriel Mecklenburg have 18.9% and 8.2%.

The main competitor of Hinge is Sword Health, who was estimated at $ 3 billion last year. Virgílio Bento, CEO and founder of Sword, said to Techcrunch Last year, if the company developed as planned and the macroeconomic environment is favorable, it could also launch a public list in 2025.

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