Higi Raises $40 Million Venture Round To Expand Its Health And Wellness Platform

image

Chicago-based health and wellness startup Higi announces that it has closed a $40 million venture round from a group of undisclosed investors. The fresh funding is Higi’s first publically disclosed investment, though in its announcement the startup notes that many of the investors that participated in the current round were returning investors from a previous, undisclosed funding round. The company launched in 2012 with the goal of building a health and wellness network by installing wellness kiosks in retail locations across the US, and then integrating the data captured by those stations with a health and wellness app.

 image

Higi have made remarkable progress on its vision in the three years since its launch. The company has partnership agreements with Shaws, Stop and Shop, and RiteAid that has resulted in Higi wellness kiosks being installed in 4,000 retail locations. Higi says that 75 percent of the US population now lives within five miles of a Higi kiosk. Each kiosk is equipped to measure blood pressure, pulse, weight, and body mass index. This information is captured and stored in Higi’s app, where users can set goals, trend their results, and track their progress. Higi also coordinates community fitness challenges and allows users to earn tangible rewards like gift cards for competing in challenges and keeping up with their goals. In December, Higi announced that it would partner with Validic, a health data interface engine, so that users could sync their Higi app with other fitness apps to exchange even more information. With the addition of Validic, users can now also automatically upload blood pressure or glucose readings from their own at-home medical devices. Between its expansive retail footprint and its partnership with Validic, Higi now controls an impressive network of access points to its health and wellness platform.

The combination of physical and digital access seems to be working for the startup. Higi has 30 million unique users that collectively log 1 million tests per week. The company monetizes its platform by partnering with insurers and local health systems to support remote patient monitoring and population health initiatives. The new funding will be used to add new features to its digital platform.


Enjoy HIStalk Connect? Sign up for update alerts, or follow us at @HIStalkConnect.

↑ Back to top

Founding Sponsors

Platinum Sponsors