Diligence memo · auto-generated · as of July 2, 2026
Hinge Health, Inc.
Hinge Health, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Hinge Health, Inc. operates in Healthtech, based in SAN FRANCISCO. The #1 clinic for joint & muscle pain. Join today and take control of your pain with access to our personalized virtual physical therapy program
Capital & rounds (filed)filed
Hinge Health, Inc. has raised $863M in disclosed capital across 9 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $400M on 2021-10-22.
Most recent recorded round closed around 2021-10-22.
Valuation (modeled)modeled
Provath models Hinge Health, Inc. at approximately $7.7B (range $2.1B–$14.5B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.76× the median modeled value of Series D+ Healthtech companies in 2019–2021 (11 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 7 months.
Last raise 4.7 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 41.7× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 100% of Healthtech peers (2138 compared).
Modeled value ranks above 100% of those peers.
Closest niche peers: Reify Health, Inc., Healthcare, Inc., Net Health Parent Holdings, L.P., Iora Health, Inc., Autonomous Medical Devices Inc.
Peoplefiled
16 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.