The Investor Behind Neko Health's $700M Bet on Whole-Body Scanning
Spotify founder Daniel Ek's Neko Health raised $700 million to build a business around scanning the human body β but it isn't the only company centering its roadmap on a new kind of preventative healthcare. Midjourney is building its own body scanner, while Function Health has also raised significant capital to expand its preventative-health platform. So why are investors betting so big on this category?
On this episode of TechCrunch's Equity podcast, Dominic-Madori Davis sits down with Farooq Abbasi, founder and general partner of Preface Ventures and an investor in Neko Health, to discuss how Neko stacks up against other consumer-health startups β and what has to happen for body scanning to become part of the broader healthcare system.
In This Episode
- Why Farooq invested in Neko after trying the company's scan himself
- What Neko's $500 scan actually includes, and how the company keeps the price down
- Why Farooq sees low primary-care utilization as one of the biggest problems in U.S. healthcare
- Why some consumer-health startups may be overfunded, in Farooq's view
- How better health data could open the door to a new generation of AI-powered healthcare
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