Healthtech startup Hinge Health closes $90 million Series C

San Francisco-based  Hinge Health has announced a $90 million round of funding led by Bessemer Venture Partners, with participation from Lead Edge Capital and all existing investors: Insight Partners, Atomico, 11.2 Capital, Quadrille Capital and Heuristic Capital.

Established in 2015, Hinge Health develops digital care programs for people with chronic musculoskeletal conditions such as back or joint pain. It has pioneered pairing sensor technology with physical therapists and 10x more health coach member support to achieve 74% program adherence. Also, it is the only digital MSK solution with clinically validated outcomes across 4 peer-reviewed studies, showing 2 out of 3 surgeries avoided and significant reductions in chronic pain, opioid use, anxiety, depression, and absenteeism.

“As pioneers in digital MSK care, we’re excited to continue re-defining best-practice care for patients with back or joint pain – conditions so pervasive that we all know someone affected. We’re also really proud there was so much interest in this round from our existing investors, who know us best.” – Hinge Health CEO and co-founder, Daniel Perez.

“Our members were suffering in silence. We turned to Hinge Health because the status quo wasn’t working and we needed to provide another option. Since partnering with Hinge Health, we’ve seen over a thousand employees and family members reduce their pain and chance of surgery.” – Joe Toniolo, Senior Director of Health & Welfare at US Foods, whose 40,000+ members all have access to Hinge Health.