We are excited to be leading a $10 million Series A round in digital therapeutics pioneer Kaia Health, creator of the world’s leading back pain app, to support their mission to put treatment and pain management for chronic conditions into the hands of patients.
Chronic pain conditions are one of the world's most urgent health challenges, with back pain alone estimated to affect 100m Americans every year, and linked to a range of issues including unemployment, depression and the prescription of opioid-based painkillers.
Kaia Health has developed innovative machine learning and computer vision technology, and worked with medical experts to create a home-based, affordable and clinically-validated alternative to painkillers, delivered through a smartphone.
The company's back pain app has already been rapidly adopted by over 250,000 individuals as well as organisations across Europe and the US.
"Rather than just giving patients another way to connect to a carer, Kaia Health has utilised the most powerful and prevalent tools we have to provide clinically effective health treatments, at a fraction of the cost, and freeing up physiotherapists time for more meaningful interactions."
James Wise, Balderton
You can read more from James on Kaia Health and why we believe the next era of software in health is about treatment, not just diagnosis, on Medium.
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