San Francisco based digital therapy startup Hinge Health successfully raised $437.3 million in its initial public offering (IPO), pricing shares at $32 each.
On its first day of trading, the stock jumped 17%, closing at $37.56 and valuing the company at roughly $3.65 billion.
$437M Boost for Hinge Health’s Digital Care Vision
Founded in 2014, Hinge Health focuses on treating musculoskeletal conditions like back and joint pain through a combination of wearable technology and remote clinical care.
The fresh capital will help accelerate product innovation and expand the company’s footprint in the booming digital health market.
Although the IPO valuation was lower than the company’s private funding rounds in 2021, Hinge Health showcased strong momentum with a 50% revenue increase in Q1 2025 and recent profitability.
This public debut marks a renewed wave of investor interest in digital health firms after a quieter period for health tech IPOs.
