Most valuable healthtech startup in US raised $300m

  • San Francisco-based healthcare startup Hinge Health recently raised $300 million at a $3 billion valuation with this pitch deck.
  • Founded in 2015, the company offers a digital clinic for musculoskeletal (MSK) pain and is available to over 300 enterprise customers in the US.
  • Hinge Health’s CEO Daniel Perez told Insider the company received more than $400 million in commitments within 24 hours of opening the latest funding round.
  • Visit Business Insider’s homepage for more stories.

The global digital health sector has unsurprisingly boomed amid the ravages of the coronavirus pandemic, with companies and consumers increasingly seeking out alternatives to in-person services.

Investors too are pouring more money into the space. One recent beneficiary is Hinge Health, which raised $300 million earlier in January to become the most highly valued private healthtech in the US, the company said. 

The Series D round was jointly led by private equity giants Coatue Management

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Tencent backs insurance startup Clark in $85 million round

  • Frankfurt-based finance startup Clark has raised €69 million ($85 million) in fresh funding led by Chinese tech giant Tencent. 
  • The German insurance startup has 300,000 customers in Germany and Austria and is aiming for 1 million in the next three years, the company said. 
  • “We wanted to raise last April but the stock market had collapsed and we thought maybe it would be ridiculous, so we waited until the markets calmed down again,” Christopher Oster, Clark cofounder and CEO, told Insider in an interview.
  • Visit Business Insider’s homepage for more stories.

Frankfurt-based Insurtech startup Clark has raised €69 million ($85 million) in fresh funding led by Chinese tech giant Tencent. 

Clark offers digital insurance management options allowing users to see their insurance choices in one place and helps to identify better offers through its platform. The German startup has 300,000 customers in Germany and Austria and is aiming for a

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Rocket startup Astra plans to go public in $2.1 billion deal

“We’re seeing hundreds of companies that want to get from anywhere on Earth to anywhere in space on their schedule — not wait years to get a lot of things to one place,” said Astra founder and chef executive Chris Kemp in an interview with CNBC’s “Squawk Box” this week. “So we’re really focused on building a much smaller rocket, produced in much higher volume, launched from a much larger number of locations.”

Kemp, a former chief technology officer for IT at NASA, said the deal was the best way to raise significant funding and gain access to public markets.

Astra offers launch services of payloads ranging from 50 to 150 kilograms, or as much as 330 pounds, and expects to begin deliveries into space by the end of the year. The company says it has booked more than $150 million in revenue from more than 50 planned launches. NASA

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