AAA Higi measures out $30m

Higi measures out $30m

US-based health kiosk operator Higi raised an amount reported by TechCrunch to be $30m today, in a series B round led by telehealth technology provider Babylon Health.

Academic healthcare provider Rush University Medical Center for Health, 7Wire Ventures, Flare Capital Partners, Jumpstart Capital and private investor William Wrigley Jr – all described by Higi as series A investors – also took part in the round.

Higi operates a network of kiosks that allow users to conduct tests in order to measure health indicators such as heart rate, blood pressure, weight and body mass index. It plans to integrate Babylon’s digital health and symptom checking technology into its stations.

Ali Parsa, founder and chief executive of Babylon, said: “Higi’s Smart Health Stations are already located in thousands of towns across North America, and by integrating Babylon’s digital first healthcare services into Higi’s station experience, we can make the healthcare services that people need that much more accessible and affordable across North America.”

The round came after Higi raised $21.3m in mid-2018 from new and existing investors including Flare Capital Partners and 7WireVentures, in what it then described as a series C round.

BlueCross BlueShield Venture Partners, the investment vehicle for health insurance association Blue Cross Blue Shield Association, supplied an undisclosed amount for the company in 2017 but is no longer an investor. Higi had raised $40m from unnamed backers the previous year.

By Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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