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| Ro CEO, Zachariah Reitano, who co-founded it in 2017 |
The global boom of billion dollar unicorns has not slowed down , as the number of private companies valued at more than $1 billion reached 1,050 as of March 2022. Here are the top 5 health tech unicorns in the world, according to the business analysis platform (CB Insights). Knowing that all of these 5 companies were established no more than 7 years ago, and the data was recorded on March 11, 2022.
1-Devoted Health
Value : $12.6 billion
Total Funding : $1.99 billion
Country : America
Founded Date : 2017
Devoted Health, a health insurance company targeting seniors, was founded by brothers Todd and Ed Park in 2017. Its services had 40,000 subscribers on June 30, 2021, more than double the 18,000 members in the first half. from the year 2020.
While the company raised $1.15 billion in a Series D funding round in October 2021, through Uprising and SoftBank Group's Vision Fund 2, along with other investors such as GIC and Andreessen Horowitz, ICONIQ Growth, Maverick and General Catalyst. The startup reported revenue of $247.3 million in the first half of 2021, a 128 percent increase over the same period in 2020.
Related: What is Unicorn company?
2- Tempus
Value : $8.1 billion
Total Funding : $1.05 billion
Country : America
Founded Date : 2015
Oncology-focused startup Tempus was founded by billionaire Eric Levkowski in 2015. The AI-based personalized medicine company raised $200 million in a Series 2 (G-2) equity financing round and $250 million in convertible debt As of December 2020. The investor group includes Baillie Gifford, Google, Franklin Templeton, Novo Holdings and funds managed by T. Rowe Price Group. Tempus provides a library of clinical and molecular data, and other precision medicine services, such as cardiology, mental health, and neuroscience. In February 2022, it acquired Highline Sciences for an undisclosed amount. Levkovsky's net worth was $4.1 billion as of March 11, 2022, according to Forbes.
3-Ro
Value : $7 billion
Total Funding : $1.03 billion
Country : America
Founded Date : 2017
(Ro) was co-founded in 2017 by CEO Zakaria Retano, Director of Product Saman Rahmanian, and Director of Growth Rob Schutz. The digital healthcare company raised $150 million in a funding round led by ShawSpring Partners in February 2022, in addition to the $500 million it had previously raised in March 2021. Ro has also expanded, which originally started as a telehealth company. Its portfolio includes: home care, diagnostics, pharmaceutical services, healthy weight control services, and smoking cessation programs. In 2021, it organized more than 150,000 home care appointments and expanded its network to 10 pharmacy centers.
4-Hinge Health
Value : $6.2 billion
Total Funding: $853.85 Million
Country : America
Founded Date : 2015
Hinge Health was founded in 2015 by CEO Daniel Perez, and CEO Gabriel Mecklenburg. The company provides digital solutions aimed at relieving the pain of the musculoskeletal system
Hinge Health was founded in 2015 by CEO Daniel Perez, and CEO Gabriel Mecklenburg. The company provides digital solutions aimed at relieving the pain of the musculoskeletal system chronic osteoporosis, surgical procedures and opioid use, through the use of advanced wearable sensors, exercise therapy, and health counseling.
The startup raised $400 million in a Series E funding round in October 2021, as well as $300 million it raised in January 2021. New investors Alkeon Capital and Whale Rock have taken a stake. $200 million into the company through a secondary investment. The latest funding round also valued the company at $6.2 billion, up from its $3 billion valuation in January 2021.
5-Lyra Health
Value : $5.85 billion
Total Funding: $906 million
Country : America
Founded Date: 2015
David Ebersman, a former Facebook CEO, founded Lyra Health in 2015. The mental health company raised $235 million in a new funding round in January 2022, led by Dragoneer and co-investor Salesforce Ventures. And the former investor (Coatue) company.
Talk show host Oprah Winfrey is among the company's investors after participating in the $187 million Series E funding round in January 2021. And after Lyra Health's acquisition of ICAS World earlier in the year. This year, the company has more than 10 million members, and provides personalized and virtual behavioral health services to more than 75 companies, including Uber Technologies, Morgan Stanley, eBay, Meta, Pinterest and Starbucks".
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