Balderton Capital leads $10m investment in Kaia Health, a ‘revolutionary’ back pain app

Jan 22, 2019 · bdaily.co.uk

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London-headquartered investor Balderton Capital has backed the European firm behind a popular back pain app in a multi-million pound funding round.

Kaia Health will use the $10m (c.£7.8m) generated in a Series A round led by Balderton to fund clinical trials and drive its rollout in the US with the launch of a New York City office.

Founded in 2016, Kaia Health has created digital treatments, supported by scientific study, for disorders including back pain and chronic obstructive pulmonary disease, or COPD.

Its back pain app Kaia is now used by more than 250,000 people, in addition to large organisations in the US and Europe – among them, German insurance giant BARMER.

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