Tech Startups in Healthcare: Hinge Health's Journey Towards Going Public
Hinge Health and its Road to IPO
The tech startup Hinge Health has officially hired Morgan Stanley to lead its preparation for a confidential S-1 filing with the SEC. This decision highlights the company's strategy as it eyes a public market debut in early 2025. Backed by a significant valuation of $6.2 billion, Hinge Health specializes in providing innovative virtual physical therapy solutions aimed at addressing joint and muscle pain.
The Journey So Far
- In October 2021, Hinge Health secured a $600 million Series E investment from notable investors like Tiger Global.
- The company is now cash flow positive after implementing strategic cost-saving measures, including a 10% workforce reduction earlier this year.
- Hinge Health is joining other healthcare startups eagerly anticipating an IPO, readying itself for the increasing investor interest.
Competitive Landscape
Hinge's main competitor, Sword Health, successfully raised $130 million this past June, positioning itself in a competitive sector that includes various healthcare startups eager to explore IPO opportunities.
Stay tuned as Hinge Health navigates these crucial steps towards going public, marking a significant moment for the tech and healthcare industries alike.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.