San Francisco-based Hinge Health, a digital musculoskeletal clinic, secured $400 million in its latest fundraising round, the company said Oct. 28.
The $400 million is supplemented by a $200 million secondary investment stemming from two capital management companies, Alkeon and Whale Rock, acquiring ownership. Tiger Global and Coatue Management led the series E financing round.
"We'll use this capital to continue investing in new ways to improve access and outcomes, create exceptional patient experiences, and avoid unnecessary surgeries," Hinge Health CEO and co-founder Daniel Perez said.
Hinge Health partners with employers and health plans on digital care services for back and joint pain. More than $1 billion has been invested in the company, which is valued at $6.2 billion.
The company also onboarded former Amazon executive Lalith Vadlamannati as chief technology officer and former Google executive Vincent Lim as chief people officer.