Neko Health raised $700M to scan your body. Is it worth it? | Equity Podcast
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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. Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You can also follow Equity on X and Threads, at @EquityPod. Chapters 00:00 Intro 1:44 From Spotify to Neko Health: the pitch that got him investing 6:22 Why preventative care is so hard to access 8:23 Inside a Neko scan 12:03 Scaling from Sweden to the world (sorry, not SF yet) 14:20 The dark side of VC-backed health: subscribers, not patients 19:14 Open Evidence and the rise of vertical AI in medicine 22:00 IPO or bust? What "winning" looks like in healthcare 24:12 Outro
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