Body Scanning Startups Attract Billions in Venture Bets
Spotify founder Daniel Ek's Neko Health has secured $700 million to commercialize preventative health screening, joining a wave of well-funded startups betting on full-body scanning as the future of healthcare.
Several venture-backed companies are racing to establish body scanning as a cornerstone of preventative medicine. Neko Health, backed by Spotify founder Daniel Ek, has raised $700 million to build its scanning-centered business model. The startup is not alone in this bet: Midjourney is developing its own body-scanning technology, and Function Health has also secured substantial funding to expand its preventative-health offering. The convergence of capital flowing into this category raises questions about what is driving investor enthusiasm.
On a recent episode of TechCrunch's Equity podcast, host Dominic-Madori Davis spoke with Farooq Abbasi, founder and general partner of Preface Ventures and an investor in Neko Health, to examine how Neko positions itself relative to other consumer-health ventures. The conversation explored the conditions necessary for body scanning to gain acceptance as part of the mainstream healthcare infrastructure.
Equity is available on YouTube, Apple Podcasts, Overcast, Spotify and other podcast platforms. The show can also be followed on X and Threads via @EquityPod.
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