Balderton leads $10m series-A for Kaia Health

The VC firm drew capital for the investment from its $375m fund, Balderton VI, which held a final close in November 2017. 

The fresh capital will be used to support Kaia's roll-out in the US, including a new office in New York, and fund further clinical studies.

Company
Kaia was founded in 2016 and is headquartered in Munich. It develops a smartphone app that offers daily exercises and relaxation techniques for people with back pain. It has 250,000 users and is used by health insurance companies such as Barmer, which offers the service to its members for free. The company employs 23 people across its operations in Munich and New York.

People
Balderton Capital – James Wise (partner).
Kaia Health – Konstantin Mehl (CEO).

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• Topics
• Expansion
• DACH
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• Germany
• Venture
• Balderton Capital