Spotify founder Daniel Ek’s Neko Health raised $700 million to build a business around scanning your body, but it’s not the only company centering its roadmap around a new kind of preventative healthcare. Midjourney is building its own body scanner, while Function Health has also raised significant capital to build out its preventative-health platform. Why are investors betting so big on this category?
On this episode of TechCrunch’s Equity podcast, Dominic-Madori Davis talks with Farooq Abbasi, founder and general partner of Preface Ventures and an investor in Neko Health, about how Neko compares with other consumer-health startups. They discuss what has to happen for body scanning to become part of the broader healthcare system.
Listen to the full episode to hear more about:
- 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 thinks low primary-care utilization is 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