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The Full List of 18 mHealth Unicorn Startups (2026)

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The mobile health, or mHealth, sector is represented by 18 unicorn companies. These businesses use technology to connect patients with a range of healthcare services.

Telehealth provider Ro leads the group with a $7 billion valuation. Other notable companies include mental health platform Cerebral, founded in 2020, and China-based Miaoshou Doctor.

Below is the full list of 18 mHealth unicorn startups at this time.

Top 10 Most Valuable mHealth Unicorns

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Ro operates a direct-to-patient healthcare company that connects people with providers and delivers treatment directly to their door. Their platform powers digital health clinics for a range of needs, including men's and women's health, weight loss, and smoking cessation.

Valuation$7B (Joined July 2020)
HeadquartersNew York, New York, United States
Year Founded2017
FoundersRachel Blank, Rob Schutz, Saman Rahmanian, Zachariah Reitano
Funding Amount$1B
Company SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsTQ Ventures, General Catalyst, BoxGroup, Gaingels, Slow Ventures

Cerebral built a telemedicine platform that provides comprehensive mental health care from anywhere. They connect members with licensed professionals for ongoing therapy and medication management.

Valuation$5B (Joined June 2021)
HeadquartersSan Francisco, California, United States
Year Founded2020
FoundersHo Anh, Sami El Allaoui
Funding Amount$487M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusUndisclosed
Top InvestorsLiquid 2 Ventures, Oak HC/FT, Artis Ventures, Prysm Capital, Gaingels

Miaoshou Doctor runs a mobile health platform designed to facilitate direct communication between medical professionals and patients. The platform provides a suite of services that help patients manage their health and consult with doctors remotely.

Valuation$4.25B (Joined June 2019)
HeadquartersBeijing, Beijing, China
Year Founded2015
FoundersDaoliang Han, Tao He
Funding Amount$946.5M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries F
Top InvestorsSequoia Capital, HSG, OrbiMed, Qiming Venture Partners, B Capital

Sword Health provides AI-powered physical therapy for people to recover from pain in their own homes. Their digital platform pairs patients with a licensed physical therapist and uses wearable sensors to guide exercises and track progress.

Valuation$4B (Joined November 2021)
HeadquartersNew York, New York, United States
Year Founded2015
FoundersMárcio Colunas, Virgílio Bento
Funding Amount$493.5M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusVenture Round
Top InvestorsKhosla Ventures, General Catalyst, Sapphire Ventures, Bond, LocalGlobe

Spring Health delivers a comprehensive mental health solution for employers and health plans. Their platform uses a data-driven approach to connect members with personalized care plans that include therapy, coaching, and medication management.

Valuation$3.3B (Joined September 2021)
HeadquartersNew York, New York, United States
Year Founded2016
FoundersAbhishek Chandra, Adam Chekroud, April Koh, Catherine Schwaber
Funding Amount$466.5M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries E
Top InvestorsGeneration Investment Management, Northzone, AlleyCorp, Rethink Impact, Tiger Global Management

Carbon Health provides a hybrid healthcare experience, combining virtual services with a network of physical clinics. Their platform integrates primary and urgent care, allowing patients to manage appointments and medical records through a unified mobile app.

Valuation$3B (Joined July 2021)
HeadquartersSan Francisco, California, United States
Year Founded2015
FoundersCaesar Djavaherian, Eren Bali, Greg Burrell, Pablo Stanley, Tom Berry
Funding Amount$622.5M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusVenture Round
Top InvestorsBlackRock, Lux Capital, Brookfield Asset Management, Builders VC, 500 Global

Maven Clinic built a digital health platform that employers and health plans use to offer virtual services for women's and family health. Their platform connects members to a network of providers for on-demand support across fertility, maternity care, pediatrics, and menopause.

Valuation$2B
HeadquartersNew York, New York, United States
Year Founded2014
FoundersKatherine Ryder, Suzie Grange
Funding Amount$417.1M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries F
Top InvestorsBoxGroup, Lux Capital, General Catalyst, Bond, Sequoia Capital

DispatchHealth brings urgent medical care directly into patients' homes, offering a modern version of the traditional house call. Their teams treat a wide range of common to complex conditions, blending virtual health services with hands-on treatment.

Valuation$2B (Joined March 2021)
HeadquartersDenver, Colorado, United States
Year Founded2013
FoundersKevin Riddleberger, Mark Prather
Funding Amount$733.2M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries E
Top InvestorsOak HC/FT, Tiger Global Management, Optum Ventures, Humana, Adams Street Partners

Strive Health delivers specialized care for patients with kidney disease through its integrated technology and clinical platform. Their model focuses on early identification and intervention, aiming to slow disease progression and improve the patient experience.

Valuation$2B
HeadquartersDenver, Colorado, United States
Year Founded2018
FoundersChris Riopelle, David Whelan
Funding Amount$936M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries D
Top InvestorsCapitalG, BlackRock, New Enterprise Associates, Redpoint, Town Hall Ventures

Zocdoc operates a digital healthcare marketplace where patients can find and book appointments with local doctors. Their platform simplifies the search for medical care by letting users filter providers by specialty, insurance plan, and patient reviews.

Valuation$2B (Joined August 2015)
HeadquartersNew York, New York, United States
Year Founded2007
FoundersCyrus Massoumi, Nick Ganju, Oliver Kharraz
Funding Amount$375.9M
Company SizeLarge Team (251-1,000)
Last Funding StatusPrivate Equity
Top InvestorsFrancisco Partners, Goldman Sachs, Founders Fund, Khosla Ventures, Craft Ventures

The Remaining 8 mHealth Unicorns

The top 10 most valuable companies are just the beginning. The remaining unicorns have raised over $3.4 billion together, with most of them based in the United States.

They are making healthcare more accessible, from mental health support to at-home testing. Here’s a look at the other mHealth startups shaping the industry.

Unicorn StartupCountryYear FoundedAmount RaisedValuation
Kry logo KrySweden2015$729.4M$2B
SonderMind logo SonderMindUnited States2014$183M$1.42B
Modern Health logo Modern HealthUnited States2017$167.4M$1.17B
Included Health logo Included HealthUnited States2011$344M$1B
EverlyWell logo EverlyWellUnited States2015$325M$1B
LetsGetChecked logo LetsGetCheckedUnited States2015$708M$1B
Huma logo HumaUnited Kingdom2011$322.6M$1B
DXY logo DXYChina2000$682M$1B

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