Health Tech Gets a Billion-Dollar Boost — What Neko Health’s Latest Funding Means

TechCrunch recently reported that Neko Health, the body-scanning startup co-founded by Spotify’s Daniel Ek, has raised another $700 million in Series C funding. This follows a $260 million round earlier in 2025, bringing the total investor confidence to nearly $1 billion. The company uses proprietary scanners combined with blood tests and even links to Apple Health data to give people a detailed picture of their current health — not just symptoms, but early warnings.

What makes this significant is the sheer scale of investment in a business that sells a single, high-touch health assessment. Neko Health has scanned over 100,000 people and has more than 350,000 on waitlists. That kind of demand suggests consumers are hungry for proactive, preventive health care — and investors are betting it will become a mainstream service.

Why Body-Scanning Startups Are Reshaping Wellness — And the Risks Aussies Should Watch

From a technology perspective, Neko Health is part of a growing wave of “direct-to-consumer” medical tools. Instead of waiting for a doctor to order tests, individuals can now walk into a clinic, get scanned, and receive a detailed report within hours. The integration with wearable data from Apple Health adds a layer of real-world context — your daily activity, heart rate, and sleep patterns become part of the assessment.

But there are real questions about data privacy, accuracy, and follow-up care. A scan might find a suspicious mole — as it did for Calm’s founder, according to TechCrunch — but what happens if it flags a false positive? Australian businesses should note that while these tools offer convenience, they are not replacing a GP. The data collected also raises compliance risks under the Privacy Act and Australian health data laws if stored overseas.

What This Means for Australian SMBs

For small and mid-sized businesses in Australia, the rise of preventive health scanning is both an opportunity and a distraction. On the plus side, offering employees access to regular health assessments could reduce sick leave and catch issues early. Some Australian companies already provide wellness allowances; body-scanning could be the next step.

On the other hand, Australian SMBs must be careful about adopting health tech that isn’t locally regulated. Neko Health currently operates only in the UK, Sweden, and soon the US. There’s no immediate local option, and importing overseas data practices might clash with Australian privacy expectations. The bigger takeaway is the trend: digital transformation in health is accelerating, and businesses that ignore it risk falling behind on employee wellness.

What You Can Do Now

  • Review your employee health and wellness policies to see if they include preventive screenings or health-tech subsidies.
  • Check the privacy and data storage practices of any health app or scanning service you consider using — ensure it complies with Australian law.
  • Start a conversation with your IT team about how wearable data (like Apple Health or Fitbit) could integrate with existing workplace health programs.
  • Monitor developments from the Therapeutic Goods Administration (TGA) for any new regulations on consumer body-scanning devices entering Australia.
  • Consider piloting a telehealth or remote health assessment program as a low-cost alternative while the scanning technology matures locally.

Navigating the intersection of health tech and digital transformation can be complex. MS&VG helps Australian SMBs understand emerging trends and make smart technology decisions that protect both their people and their data.