The Full List of 18 mHealth Unicorn Startups (2026)
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
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) |
| Headquarters | New York, New York, United States |
| Year Founded | 2017 |
| Founders | Rachel Blank, Rob Schutz, Saman Rahmanian, Zachariah Reitano |
| Funding Amount | $1B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | TQ 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) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2020 |
| Founders | Ho Anh, Sami El Allaoui |
| Funding Amount | $487M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Undisclosed |
| Top Investors | Liquid 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) |
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2015 |
| Founders | Daoliang Han, Tao He |
| Funding Amount | $946.5M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | Sequoia 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) |
| Headquarters | New York, New York, United States |
| Year Founded | 2015 |
| Founders | Márcio Colunas, Virgílio Bento |
| Funding Amount | $493.5M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Khosla 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) |
| Headquarters | New York, New York, United States |
| Year Founded | 2016 |
| Founders | Abhishek Chandra, Adam Chekroud, April Koh, Catherine Schwaber |
| Funding Amount | $466.5M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | Generation 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) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2015 |
| Founders | Caesar Djavaherian, Eren Bali, Greg Burrell, Pablo Stanley, Tom Berry |
| Funding Amount | $622.5M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | BlackRock, 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 |
| Headquarters | New York, New York, United States |
| Year Founded | 2014 |
| Founders | Katherine Ryder, Suzie Grange |
| Funding Amount | $417.1M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | BoxGroup, 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) |
| Headquarters | Denver, Colorado, United States |
| Year Founded | 2013 |
| Founders | Kevin Riddleberger, Mark Prather |
| Funding Amount | $733.2M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | Oak 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 |
| Headquarters | Denver, Colorado, United States |
| Year Founded | 2018 |
| Founders | Chris Riopelle, David Whelan |
| Funding Amount | $936M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | CapitalG, 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) |
| Headquarters | New York, New York, United States |
| Year Founded | 2007 |
| Founders | Cyrus Massoumi, Nick Ganju, Oliver Kharraz |
| Funding Amount | $375.9M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Private Equity |
| Top Investors | Francisco 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 Startup | Country | Year Founded | Amount Raised | Valuation |
|---|---|---|---|---|
 Kry | Sweden | 2015 | $729.4M | $2B |
 SonderMind | United States | 2014 | $183M | $1.42B |
 Modern Health | United States | 2017 | $167.4M | $1.17B |
 Included Health | United States | 2011 | $344M | $1B |
 EverlyWell | United States | 2015 | $325M | $1B |
 LetsGetChecked | United States | 2015 | $708M | $1B |
 Huma | United Kingdom | 2011 | $322.6M | $1B |
 DXY | China | 2000 | $682M | $1B |
