Digital Health IPO Post-Mortem

In part one of our “frenemies series,” we’re featuring two founders whose IPOs have rocked digital health headlines in 2025. From filing their S-1s to ultimately ringing those bells, their exits have been dissected by media and analysts from every conceivable angle. Despite being within the same field, the industry was rooting for them both to succeed. There has been a serious drought of successful digital health IPOs and the sector was counting on them to break that dry streak and open the floodgates for everyone else. The rising tide lifts all ships, right? These weren't just individual company victories, they were validation for an entire industry that had been written off as overvalued and under-delivered. Let’s hear directly from the founders themselves. It's time for them to tell their own IPO tales, including the gritty reality of what it takes to prove that digital health companies can actually deliver sustainable value to public market investors.