Kaia Health has today announced an $8 million funding round led by Optum Ventures.
Kaia Health has developed a smartphone-based approach for managing a range of chronic conditions, with its leading product focused on musclosketetal disorders (MSK) such as chronic back pain. The investment by Optum Ventures helps Kaia Health address the rising costs of treating MSK-related conditions, the difficulty patients have in accessing gold-standard treatment, and the need for innovative, scaleable and cost-effective technology solutions to confront this issue.
Kaia Health’s 2D motion tracking technology enables users to get real-time feedback on their exercise performance using their smartphone’s camera, which, when taken together with the platform’s psychological and eduction support, has been proven to outperform conventional therapy.
“The investment from Optum Ventures will allow us to explore integration opportunities throughout the complete patient treatment journey,” said Konstantin Mehl, Founder and CEO of Kaia Health.
“We are proud to partner with Optum Ventures, a company at the forefront of improving health care.”
Heather Roxborough, Partner at Optum Ventures added: “Kaia Health has taken a technology-led approach to create digital therapeutics that will make treatment more accessible to patients who need it. We believe Kaia Health’s digital therapeutic solutions will benefit those suffering from MSK disorders and are excited about its application in other indications.”
Optum Ventures’ investment will be used to accelerate sales growth in the U.S. health care market, extend the platform into other chronic indications and expand the supporting clinical evidence base.