Neko Health raises $700m to expand body-scanning clinics
Spotify founder Daniel Ek’s medical scanning startup has secured a $700 million funding round, signaling massive investor confidence in preventative healthcare technology emerging from Europe.
Neko Health, the medical scanning company co-founded by Spotify chief executive Daniel Ek, has raised $700 million in a Series C funding round. The investment was led by Lightspeed Venture Partners and O.G. Venture Partners. It follows a $260 million Series B closed just months earlier in January 2025.
The startup currently operates clinics in Sweden and the UK, but the new capital will heavily fund its transatlantic expansion with a first United States location in New York. Demand appears to be outpacing current capacity, as the company reports that more than 100,000 people have already undergone its scans. Another 350,000 individuals are either registered on a waitlist or have a booked appointment.
Neko Health pairs proprietary body-scanning hardware with blood tests to evaluate a patient's overall health, including body composition metrics for fitness users. The system integrates with Apple Health data, which co-founder Hjalmar Nilsonne said "gives its medical clinicians real-world data to use in its assessments."
The practical value of the technology was highlighted by Calm founder Alex Tew, who noted on X that a scan found a malignant mole on his back. "I’m grateful to Neko for helping me discover this – I’m not sure how I would have otherwise," he wrote.
The sheer size of the round underscores a decisive shift in venture capital toward preventative diagnostics, moving capital away from traditional software models. Backing from a syndicate of prominent European and US funds—including Atomico, General Catalyst, Lakestar, Liberty City Ventures, Positive Sum, and BDT & MSD—suggests deep institutional confidence. Investors clearly see a highly scalable business model in turning routine medical checks into a premium consumer service.
For the European tech sector, this stands as one of the largest capital raises of the year. It firmly demonstrates that continent-born health startups can still attract top-tier funding at massive scale, even as the broader investment environment remains cautious.
Neko Health is not alone in targeting this market, as traditional tech companies look to pivot into physical healthcare. MidJourney, the AI lab known for its image generation models, is developing its own body scanner. It plans to integrate the hardware into a San Francisco spa experience featuring hot tubs and saunas, slated to open in 2027.
