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Hike Medical, a San Francisco-based medical device company combining clinical software with in-house manufacturing, has raised $22.5 million in seed and Series A funding to expand its vertically integrated orthotics and durable medical equipment platform.
The round was led by Max Altman at Saga Ventures, with participation from Indicator Ventures, Fifth Down Capital, RiverPark Ventures and Orthofeet. Monaco CEO Sam Blond and former New England Patriots head coach Jerod Mayo also participated as angel investors.
Hike plans to use the funding to hire across engineering, sales and manufacturing as it expands beyond custom insoles into additional durable medical equipment (DME) categories.
The company currently operates an orthotic 3D printing facility in Peoria, Illinois, which it describe