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Digital girls and household well being supplier Maven Clinic introduced it raised $90 million in a Sequence E funding spherical, bringing the digital clinic’s funding complete to $300 million.
General Catalyst led the spherical with participation from La Famiglia, CVS Well being Ventures, and Intermountain Ventures. Present buyers additionally participated, together with Oak HC/FT, Dragoneer Funding Group, Sequoia, Lux Capital and Icon Ventures.
WHAT IT DOES
The digital reproductive well being and household platform focuses on a lady’s well being journey from fertility to menopause. The corporate claims to host 15 million members, a 5x enhance because it gained unicorn standing with its $110 million Series D funding round in 2021.
WHAT IT’S FOR
The funds will assist the technology-enabled girls’s well being clinic and advantages platform in bettering personalization throughout its choices for industrial and Medicaid populations and assist to broaden its world choices.
“We have now reimagined the care mannequin to handle the complicated wants of ladies and households in a world system that was not designed for them,” Kate Ryder, founder and CEO of Maven Clinic, stated in a press release.
“Whether or not it is a pregnant girl confronted with entry points in rural America, working mother and father in India needing monetary assist and navigation for infertility remedy, a same-sex couple dealing with bias within the opaque surrogacy trade, or a senior govt unable to get assist for menopause, our platform exhibits up reliably, affordably, and relentlessly targeted on affected person outcomes.”
MARKET SNAPSHOT
Because the Supreme Court’s decision to overturn Roe v. Wade, there’s been a highlight on girls’s well being, and in a 12 months the place funding has slowed, Maven has proven to endure.
In keeping with a report by Silicon Valley Bank printed earlier this month, well being tech corporations within the U.S. and European Union raised about $23 billion this 12 months, a pointy downward shift from the large investments made in 2021.
The report tallied funding via Sept. 30 of this 12 months, noting a very sharp decline within the third quarter, dropping 39% from Q2 and 67% from the peak of funding seen within the second quarter final 12 months.
Nonetheless, there was a progress in female-founded well being tech corporations, with girls’s well being startups elevating $877 million in 2022. Fertility and being pregnant care had been a substantial a part of the ladies’s well being market, making up 68% of the funding.
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