Hinge Health was founded in 2014 by Daniel Perez and Gabriel Mecklenburg. According to Business Insider in October 2023, “Hinge Health is preparing for an IPO once market conditions become favorable.”
Hinge Health is a digital healthcare provider that specializes in treating musculoskeletal pain with therapy plans, wearable sensors, and health coaching. Per Forge data, Hinge Health raised $826.1 million in funding over 10 rounds. Their latest funding was raised on Oct 28, 2021, from a Series E round. Key investors include Coatue, Insight Partners, Alkeon Capital, Atomico, Tiger Global Management, Whale Rock Capital Management, 11.2 Capital, and Bessemer Venture Partners.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
| Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
|---|---|---|---|---|---|---|
| 10/28/2021 | Series E | $400MM | $xx.xx | $6.2B | Coatue Management, Tiger Global Management | |
|
Price per Share
$xx.xx
Shares Outstanding
5,163,674
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Coatue Management, Tiger Global Management
|
||||||
| 01/07/2021 | Series D | $321.54MM | $xx.xx | $3.04B | 11.2 Capital, Atomico, Bessemer Venture Partners, Coatue Management, Heuristic Capital, Insight Partners, Lead Edge Capital, Quadrille, Tiger Global Management | |
|
Price per Share
$xx.xx
Shares Outstanding
7,354,666
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
11.2 Capital, Atomico, Bessemer Venture Partners, Coatue Management, Heuristic Capital, Insight Partners, Lead Edge Capital, Quadrille, Tiger Global Management
|
||||||
| 02/04/2020 | Series C-1 | $15.28MM | $xx.xx | $402.28MM | 11.2 Capital, Atomico, Bessemer Venture Partners, Heuristic Capital, Insight Partners, Lead Edge Capital, Quadrille Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
2,258,620
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
11.2 Capital, Atomico, Bessemer Venture Partners, Heuristic Capital, Insight Partners, Lead Edge Capital, Quadrille Capital
|
||||||
| 02/04/2020 | Series C | $75MM | $xx.xx | $402.28MM | 11.2 Capital, Atomico, Bessemer Venture Partners, Heuristic Capital, Insight Partners, Lead Edge Capital, Quadrille Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
10,253,027
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
11.2 Capital, Atomico, Bessemer Venture Partners, Heuristic Capital, Insight Partners, Lead Edge Capital, Quadrille Capital
|
||||||
| 07/03/2018 | Series B | $26MM | $xx.xx | $87.27MM | Insight Partners | |
|
Price per Share
$xx.xx
Shares Outstanding
11,500,586
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Insight Partners
|
||||||
| 07/24/2017 | Series A-2 | $7.36MM | $xx.xx | $24.14MM | 11.2 Capital, Atomico, Heuristic Capital Partners | |
|
Price per Share
$xx.xx
Shares Outstanding
7,112,809
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
11.2 Capital, Atomico, Heuristic Capital Partners
|
||||||
| 07/24/2017 | Series A-1 | $807,683.36 | $xx.xx | $24.14MM | 11.2 Capital, Atomico, Heuristic Capital Partners | |
|
Price per Share
$xx.xx
Shares Outstanding
975,463
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
11.2 Capital, Atomico, Heuristic Capital Partners
|
||||||
| 04/14/2017 | Series Seed-2 | $205,913.86 | $xx.xx | $4.97MM | Undisclosed Investors | |
|
Price per Share
$xx.xx
Shares Outstanding
493,325
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
| 04/22/2016 | Series Seed-1 | $1.06MM | $xx.xx | $4.23MM | Undisclosed Investors | |
|
Price per Share
$xx.xx
Shares Outstanding
3,078,601
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
A quiet stretch in tech IPOs occurred in April and early May following the U.S. enactment of tariffs and the ensuing market volatility. In the last week, public market activity has started showing signs of life again.
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | OpenAI | $469.47 | -0.01% | $xx.xx | Funding Round | -- | -- | -- |
 | Anduril | $40.88 | -3.86% | $xx.xx | Series G | $30.5B | $xx.xx | $2.5B |
 | Cerebras | $31.47 | -0.1% | $xx.xx | Series F-1 | $2.87B | $xx.xx | $420MM |
 | Netskope | $13.37 | +11.79% | $xx.xx | Series H | $7.5B | $xx.xx | $300MM |
 | Figma | $38.00 | +0.03% | $xx.xx | Series E | $10B | $xx.xx | $200MM |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
 | Kraken | $23.87 | +0.93% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | Discord | $239.72 | +6.61% | $xx.xx | Series I | $15.2B | $xx.xx | $500MM |
 | Airwallex | $15.63 | +1.82% | $xx.xx | Series E | -- | -- | -- |
 | Cohesity | $17.00 | +8.49% | $xx.xx | Series H-1 | $4.69B | $xx.xx | $27.5MM |
Updated on: May 28, 2025
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