Hinge Health, a digital musculoskeletal clinic in San Francisco, raised $400 million in its latest fundraising round and secured a $200 million secondary investment, the company said Oct. 28.
The $400 million is part of the company's series E financing round, led by Tiger Global and Coatue Management. Alkeon and Whale Rock acquired ownership as part of the $200 million secondary investment, according to the news release.
Hinge Health, now valued at $6.2 billion, teams up with employers and health plans on digital care services for back and joint pain.
In addition to the funding, Hinge Health also said it welcomed two new executives to its leadership team: Lalith Vadlamannati and Vincent Lim.
Dr. Vadlamannati joins Hinge Health as its chief technology officer. He previously served as a vice president engineering at Amazon, where he oversaw a 1,200-person research and development team, according to the news release.
Mr. Lim will serve as Hinge Health's new chief people officer. He previously held leadership roles at Google and online publishing platform Medium, the news release said.