We are excited to be leading a $10 million Series A round in digital therapeutics pioneer Kaia Health, creator of the world’s leading back pain app. The investment will be used to support Kaia Health’s US rollout, including a new office in New York City, and fund further clinical studies.
Read James Wise's piece on the background behind the investment.
Kaia Health is tackling some of the world’s most urgent health challenges, including a range of chronic conditions. The company develops innovative machine learning and computer vision technology and works with medical experts to create a home-based, affordable and clinically-validated alternative to painkillers, delivered through a smartphone. The Kaia Health app offers users a daily plan which features physical exercises, relaxation techniques and medical educational content.
Since launching in 2016, Kaia Health has created scientifically-validated digital treatments for a range of disorders including back pain and COPD. Its Kaia back pain app has been rapidly adopted by over 250,000 individuals as well as organisations across Europe and the US. This includes some of Europe's biggest health insurance companies, such as BARMER, Germany’s largest, which offers the service free to members.
Kaia Health uses AI and unique motion tracking technology to tackle chronic health issues including back pain. It's the only mobile app that uses computer vision to offer patients real-time feedback.
Read stories about the fundraise:
The Kaia back pain app has been rapidly adopted by over 250,000 individuals as well as organisations across Europe and the US.
The app offers users a daily plan which features physical exercises, relaxation techniques and medical educational content. Additionally, therapy can be tailored for each user via a proprietary algorithm which adapts the exercise program to that individual’s input. Patent-pending motion tracking technology monitors and provides real-time audio feedback on patients’ exercise performance. Uniquely, Kaia’s app informs users in natural language if they’re performing exercises correctly, and how to improve them - without requiring any extra hardware.
Providing high-quality and affordable health care for everyone is an urgent issue. Kaia Health is helping to tackle this through its revolutionary technology, which we believe could offer millions of chronic-pain sufferers best-in-class clinical solutions from the comfort of their own homes.
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