A Neko Health investor on the $700M bet to scan your whole body

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.  Listen to the full episode to hear more about:  Why Farooq invested in Neko after trying the company's scan himself  What Neko's $500 scan actually includes, and how the company keeps the price down  Why Farooq thinks low primary-care utilization is one of the biggest problems in U.S. healthcare  Why some consumer-health startups may be overfunded, in Farooq's view  How better health data could open the door to a new generation of AI-powered healthcare  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 — Can Tech Reinvent Preventative Healthcare?01:44 — Why Spotify’s Founder Built Neko Health06:22 — Why Healthcare Is So Hard to Fix08:23 — Inside a $500 Neko Health Scan12:35 — Can Preventative Healthcare Scale?14:20 — The Risks of VC-Backed Healthcare17:28 — How AI Is Changing Medicine22:55 — Is AI in Healthcare Worth the Risk? Learn more about your ad choices. Visit megaphone.fm/adchoices