Neko Health, a Stockholm-based company co-founded by Spotify's Daniel Ek, received a significant investment, raising $260 million in a Series B round. The investment boosted the company's post-money valuation to $1.8 billion. The company is at the forefront of the body scanner market, capitalizing on consumers' interest in understanding and preventing health problems before they become serious.
This significant financial contribution will allow Neko to expand its operations into new markets, notably in the United States, and to further strengthen its diagnostic capabilities, possibly through acquisitions. In addition, to meet the growing demand for its services, the company plans to open new clinics. In a conversation with TechCrunch, CEO Hjalmar Nilsonne said the company surreptitiously purchased another startup that creates sensors, improving Neko's ability to collect data, while the details of the deal are unknown.
With a rapidly growing waiting list of more than 100,000 people, up from 40,000 just months ago, Neko Health has successfully scanned and examined 10,000 patients at its Stockholm and London clinics. The demand for a creative approach to healthcare is clear, and Neko is well positioned to meet this demand by expanding its presence and continuing its pioneering work in the healthcare sector.
Lightspeed Venture Partners led the Series B fundraising, which included contributions from General Catalyst, O.G. Venture Partners, Rosello, Lakestar and Atomico. This follows a successful Series A round in 2023 that attracted $65 million from big-name investors such as Lakestar, Atomico and General Catalyst, as well as early seed funding from Prima Materia, which Daniel Ek also co-founded.
This increased investment comes at a time when the global healthcare industry is focusing on preventative care and adopting new technologies to better detect and manage health conditions. As Neko Health grows and innovates, it emerges as a pioneer in integrating technology and healthcare to provide proactive solutions that have the potential to transform the way health problems are predicted and prevented.
Be at the forefront of tech with Code Labs Academy.