Stockholm-based startup Neko Health has recently completed an impressive €60 million Series A funding round, led by prominent investor Lakestar. This funding round also saw the participation of Atomico and General Catalyst. The startup is renowned for its medical scanning technology, which allows for the comprehensive and non-invasive collection of health data. This approach empowers individuals to take preventive health measures and facilitates the early detection of diseases. The funding will be allocated toward accelerating Neko Health’s strategic expansion efforts.
Key areas of focus include investing in research and development, conducting vital clinical studies, and attracting top talent. Notably, this marks the first time that Neko Health has sought external capital to fuel its ambitious growth plans. As part of this significant investment, Klaus Hommels from Lakestar and Niklas Zennström from Atomico will lend their expertise and join the company’s board alongside its founders.
Neko Health is a Swedish health-tech company co-founded in 2018 by Hjalmar Nilsonne and Daniel Ek. Neko’s vision is to create a healthcare system that can help people stay healthy through preventive measures and early detection. This requires completely reimagining the patient’s experience and incorporating the latest advances in sensors and AI. Neko Health has developed a new medical scanning technology concept to make it possible to do broad and non-invasive health data collection that is convenient and affordable for the public. The company is backed by Prima Materia, Lakestar, Atomico and General Catalyst, and is based in Stockholm with 38 employees across Europe.
Neko Health’s vision is to create a healthcare system that can help people stay healthy through preventive measures and early detection. Neko Health has developed a new medical scanning technology concept to make it possible to do broad and non-invasive health data collection that is quick, convenient and affordable.
“Healthcare costs are spiraling out of control. We believe preventive health will be key to reversing this trend. Doctors today just don’t have enough time or resources to focus on prevention. This leads to many health problems going unnoticed until they get really serious, causing a lot of pain and putting a massive strain on the healthcare system.” said Hjalmar Nilsonne, CEO and co-founder of Neko Health. “We’ve demonstrated that our unique approach to this problem resonates with people – that there’s a genuine need and desire for this change. This strong demand is what’s driving us to expand our horizons. To accelerate this, we’re partnering with external investors for the first time. It’s time to create the healthcare future we want, for ourselves, and for future generations.”
The scan takes approximately 10 minutes to do, always followed by an in-doctor’s consultation where you get all the results and recommendations instantly. It uses over 70 sensors to collect 50 million data points in minutes and can for instance detect skin changes as small as 0.2 millimetres*. The technology at hand is intended to assist doctors in detecting diseases earlier including skin conditions, skin cancer, cardiovascular disease, diabetes, and other metabolic syndromes.
When it first launched earlier this year in Stockholm, Sweden, Neko Health sold out all the slots in less than two hours. The enthusiasm for its preventative approach to healthcare remains high, with over 10,000 people currently on the waiting list and a rebooking rate of 80% after the initial scan. This shows that the vast majority of its members choose to make this part of their annual health routine.