The chiropractic franchise industry in the U.S. focuses on non-invasive treatments to enhance musculoskeletal health. Companies in this sector primarily offer services like chiropractic adjustments, pain management, and wellness programs. With increasing awareness of holistic health benefits, the industry is witnessing steady growth. Franchises like The Joint Chiropractic have gained traction, reflecting a shift towards accessible care options. The advent of telehealth also presents opportunities for innovative service delivery. As consumer preferences lean toward wellness and preventative care, chiropractic franchises are evolving, positioning themselves for a bright future in the expanding healthcare market.


The list of investors consists of prominent venture capital and private equity firms from key U.S. locations like California and New York. Established companies range in size from small teams to major organizations with thousands of employees, showing the spectrum of involvement in healthcare investments. Founded between 1977 and 2022, these firms aim to leverage their capital through numerous deals—in 2024 alone, they collectively made 416 investments in various sectors, signifying a robust commitment to healthcare startups and franchises, particularly within the chiropractic space.


Top 11 Chiropractic Franchise Investors in the US


1. New Enterprise Associates (NEA)

  • Website: nea.com
  • Type: Venture Capital
  • Headquarters: Menlo Park, California, United States (USA)
  • Founded year: 1977
  • Headcount: 51-200
  • Number of deals in 2024: 57
  • LinkedIn: new-enterprise-associates

New Enterprise Associates (NEA) is a prominent venture capital firm based in Menlo Park, California, founded in 1977. With a focus on investment management and advisory services for startups, NEA specializes in the technology and healthcare sectors. The firm is known for its collaborative approach, partnering with entrepreneurs to provide funding and strategic guidance. Notably, NEA has invested in Vori Health, a company that raised significant funding rounds, including a Series A round totaling over $50 million and a Series B round of $53 million. Vori Health's focus on musculoskeletal care positions it within the realm of chiropractic services, highlighting NEA's potential interest in the chiropractic franchise space. This involvement suggests that NEA is not only committed to healthcare innovation but also recognizes the importance of addressing musculoskeletal health, which is central to chiropractic practices.


2. Goldman Sachs

  • Website: goldmansachs.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1998
  • Headcount: 10001+
  • Number of deals in 2024: 59
  • LinkedIn: goldman-sachs

Goldman Sachs is a prominent investment bank and financial services firm founded in 1998, headquartered in New York, New York. The firm provides a wide range of services including investment banking, asset management, and wealth management, catering to a diverse clientele that includes corporations, financial institutions, and individuals. Notably, Goldman Sachs Investment Partners acquired Drayer Physical Therapy Institute in 2012, highlighting their engagement in the healthcare sector, particularly in physical therapy, which is closely related to chiropractic services. Additionally, their involvement with Equinox Fitness in 2024 further demonstrates their interest in health and wellness businesses, although it is more fitness-focused. Overall, Goldman Sachs has a significant presence in the investment landscape, with 59 investments in 2024 alone, indicating their active role in various industries, including those relevant to chiropractic franchises.


3. Khosla Ventures

  • Website: khoslaventures.com
  • Type: Venture Capital
  • Headquarters: Menlo Park, California, United States (USA)
  • Founded year: 2004
  • Headcount: 51-200
  • Number of deals in 2024: 97
  • LinkedIn: khosla-ventures

Khosla Ventures is a venture capital firm founded in 2004, based in Menlo Park, California. The firm specializes in providing funding and strategic guidance to startups, particularly in the technology, healthcare, and sustainability sectors. Khosla Ventures has been actively involved in the healthcare space, exemplified by their significant investments in Sword Health, a virtual musculoskeletal care provider. They participated in multiple funding rounds for Sword Health, including Series A, B, C, and D, with total investments amounting to over $400 million. This involvement highlights their commitment to innovative healthcare solutions, which could extend to chiropractic franchises that utilize technology to improve patient outcomes and operational practices.


4. The Riverside Company


The Riverside Company is a private equity investment firm based in New York, specializing in providing flexible capital solutions and strategic guidance to smaller middle-market businesses across a diverse range of industries. Founded in 1988, Riverside manages a portfolio of over 140 companies globally. Notable transactions include the acquisition of Best Life Brands in March 2021, which focuses on health and wellness franchises, and Neighborly Brands, a major franchising company in the trades service sector, acquired multiple times by Riverside. Additionally, Riverside's acquisition of milliCare, a franchise brand in commercial property maintenance, showcases its active engagement in franchise models. These transactions highlight Riverside's capability to support franchise growth, making it a potential player in the chiropractic franchise market.


5. L Catterton

  • Website: lcatterton.com
  • Type: Private Equity
  • Headquarters: United States (USA)
  • Founded year: 1989
  • Headcount: 201-500
  • Number of deals in 2024: 23
  • LinkedIn: l-catterton

L Catterton is a private equity firm founded in 1989, specializing in investment management with a focus on consumer brands across various sectors. The firm partners with middle market companies and high-growth enterprises, providing capital and strategic guidance to enhance brand equity and market presence. With a strong emphasis on consumer insights, L Catterton aims to drive growth and innovation within its portfolio companies. Notably, they have invested in Pain Doctor, a leading pain management company, which received significant growth capital to expand its reach across the U.S. This investment highlights L Catterton's interest in the healthcare sector, particularly in areas related to pain management, which is relevant to chiropractic care. Additionally, their involvement with companies like WTHN, an acupuncture company, further demonstrates their commitment to wellness and alternative health solutions, making them a potential player in the chiropractic franchise space.


6. Tpg

  • Website: tpg.com
  • Type: Private Equity
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 1992
  • Headcount: 1001-5000
  • Number of deals in 2024: 27
  • LinkedIn: tpg-capital

TPG Inc. is a leading global alternative asset manager specializing in private equity and investment management, founded in 1992 and based in San Francisco, California. The firm manages $229 billion in assets across various sectors, including technology, healthcare, and consumer markets. TPG serves institutional investors by providing diversified investment opportunities and strategic insights to enhance their portfolios. Notably, TPG has made significant investments in the health and wellness sector, including the acquisition of StretchLab and Fitness Ventures, as well as an investment in Club Pilates. These transactions highlight TPG's interest in the fitness and wellness industry, which is closely related to chiropractic services, indicating their potential relevance to chiropractic franchise investments.


7. Advent


Advent International Corporation is a private equity firm founded in 1984 and based in Boston, Massachusetts. The firm specializes in buyouts and investments across various sectors, focusing on long-term value creation for its portfolio companies. Advent has been involved in significant transactions, including the acquisition of ATI Physical Therapy, a major player in outpatient physical therapy with over 500 clinics across the U.S. This $15 billion deal highlights Advent's commitment to the healthcare sector. Additionally, they have made investments in other healthcare-related entities, such as MEDIAN Kliniken and CARE Hospitals Group, further demonstrating their strategic focus on healthcare services. Their global reach and expertise in navigating market challenges position them as a potential partner for companies in the chiropractic franchise industry.


8. Founders Fund

  • Website: foundersfund.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2005
  • Headcount: 11-50
  • Number of deals in 2024: 44
  • LinkedIn: the-founders-fund

Founders Fund is a venture capital firm based in San Francisco, California, founded in 2005. The firm specializes in investing in innovative technology companies across various sectors, including aerospace and software development. Notably, Founders Fund has been involved in significant funding rounds for Sword Health, a virtual musculoskeletal care provider, raising substantial amounts in Series A, B, C, and D rounds. This involvement highlights their interest in healthcare technology, particularly in areas related to musculoskeletal care, which is relevant to chiropractic services. Their portfolio also includes high-impact companies like SpaceX and Palantir, showcasing their focus on transformative investments. Overall, Founders Fund provides funding and strategic support to startups, helping them grow and scale their operations, with a notable interest in healthcare innovations.


9. Summit Partners

  • Website: summitpartners.com
  • Type: Private Equity
  • Headquarters: Boston, Massachusetts, United States (USA)
  • Founded year: 1984
  • Headcount: 51-200
  • Number of deals in 2024: 13
  • LinkedIn: summit-partners

Summit Partners is a private equity investment firm based in Boston, Massachusetts, founded in 1984. The firm specializes in growth equity, providing capital and resources to category-leading companies primarily in technology, healthcare, and life sciences. Summit Partners has a notable history of investments in the healthcare sector, including the acquisition of MDVIP, a company that offers personalized healthcare services, and significant funding for DuPage Medical Group, which raised $250 million. Additionally, they have invested in Snap Fitness, a fitness franchise that may overlap with wellness and chiropractic services. Their extensive experience in investment management positions them as a potential partner for businesses in the chiropractic franchise industry looking to expand and succeed in their markets.


10. Audax Private Equity


Audax Private Equity is a private equity firm based in Boston, Massachusetts, founded in 1999. The firm specializes in investment management and capital growth, focusing on middle-market companies across various sectors. Audax employs a Buy & Build strategy, aiming to optimize the value of its portfolio companies through targeted investments and operational support. Notably, Audax has made significant investments in the healthcare sector, acquiring companies such as Phoenix Physical Therapy and The CORE Institute, which are directly related to physical health and rehabilitation. Additionally, their acquisition of Phoenix Rehabilitation and Health Services further emphasizes their commitment to healthcare services. These transactions highlight Audax's strategic approach to enhancing operations and achieving growth in the healthcare industry, making them a potential player in the chiropractic franchise space.


11. Polaris Partners

  • Website: polarispartners.com
  • Type: Venture Capital
  • Headquarters: Boston, Massachusetts, United States (USA)
  • Founded year: 1996
  • Headcount: 11-50
  • Number of deals in 2024: 19
  • LinkedIn: polaris-partners

Polaris Partners is a venture capital firm based in Boston, Massachusetts, founded in 1996. The firm specializes in healthcare and biotechnology investments, partnering with entrepreneurs to provide funding and strategic guidance to help them innovate and grow their businesses. Their portfolio includes a diverse range of companies focused on transformative healthcare solutions. Notably, Polaris led a $12 million Series A funding round for SpineZone, a company that offers personalized treatment for musculoskeletal conditions, which is highly relevant to chiropractic care. Additionally, they participated in funding rounds for Livara Health, which has expanded its services to meet growing healthcare needs. These transactions highlight Polaris's commitment to investing in companies that align with health and wellness, making them a potential player in the chiropractic franchise space.



Chiropractic Franchise Insights: Key Investors in the US


InvestorHeadquarterSizeFoundedDeals 2024
New Enterprise Associates (NEA)Menlo Park, California, United States (USA)51-200197757
Goldman SachsNew York, New York, United States (USA)10001+199859
Khosla VenturesMenlo Park, California, United States (USA)51-200200497
The Riverside CompanyNew York, New York, United States (USA)201-500198812
L CattertonUnited States (USA)201-500198923
TpgSan Francisco, California, United States (USA)1001-5000199227
AdventBoston, Massachusetts, United States (USA)501-1000198417
Founders FundSan Francisco, California, United States (USA)11-50200544
Summit PartnersBoston, Massachusetts, United States (USA)51-200198413
Audax Private EquityBoston, Massachusetts, United States (USA)201-50019995
Polaris PartnersBoston, Massachusetts, United States (USA)11-50199619


Want to find more investors focusing on the chiropractic franchise industry?

If you want to find more investors that are active in the chiropractic franchiseindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!