Updated
Updated · The New York Times · Jul 15
Neko Health Raises $700 Million as Demand Grows for Consumer Diagnostic Scans
Updated
Updated · The New York Times · Jul 15

Neko Health Raises $700 Million as Demand Grows for Consumer Diagnostic Scans

1 articles · Updated · The New York Times · Jul 15

Summary

  • $700 million in new funding will help Neko Health expand its preventive health technology and push into New York in the coming months.
  • Lightspeed Venture Partners and O.G. Venture Partners led the round as investors bet more consumers using biometric wearables will also pay for doctor-style diagnostic testing.
  • Neko runs eight clinics in Sweden and Britain, offering full-body scans and blood tests; its U.K. scan costs 299 pounds, or about $400.
  • 350,000 people have signed up for or joined the waiting list, but just over 100,000 have received scans, underscoring the scaling challenge the company says the new capital will address.

Insights

As Neko Health expands with $700M, will its affordable scans democratize preventative care or just sell health anxiety to the masses?
With a 350,000-person waitlist, can Neko Health’s technology scale fast enough to justify its massive new $700 million valuation?