Caraway, a digital care startup centered on offering psychological, bodily and reproductive healthcare for school college students, emerged from stealth with $10.5 million in seed funding.
The seed was led by 7wireVentures and OMERS Ventures, with participation from Hopelab Ventures and angel traders.
WHAT IT DOES
Constructed from a partnership between 7wireVentures, OMERS Ventures, CEO Lori Evans Bernstein and COO Joshua Tauber, Caraway plans to supply team-based digital look after college-age ladies and others with comparable reproductive care wants.
Bernstein beforehand served within the first Workplace of the Nationwide Coordinator (ONC) for Well being IT in the course of the George W. Bush administration. She was additionally cofounder and president of clinical AI company HealthReveal, which was acquired by Accolade last year.
The startup will supply a care staff made up of gynecologists, psychiatrists, household medical practitioners, adolescent specialists, therapists, nurses and care coaches. Sufferers can even be capable of entry care by way of its app, like chatting with a nurse practitioner, getting referrals to in-person care and ordering house assessments for UTIs and STIs.
Caraway plans to launch in fall this 12 months.
“Many school college students are in disaster, and for girls, getting the care they want is more and more difficult. It should not be this manner,” Bernstein stated in a press release. “Our college students go to school not just for a tutorial expertise, but in addition to discover ways to cope and flourish independently.
“Caraway combines an skilled medical care staff and passionate GenZers to assist ladies+ in taking good care of themselves in an more and more sophisticated and onerous to entry healthcare system.”
THE LARGER TREND
Caraway is pitching its digital providing as a means to enhance care entry and coordination notably for school ladies, a lot of whom face a modified reproductive healthcare panorama after Roe v. Wade was overturned. The COVID-19 pandemic additionally took a toll on younger adults’ psychological well being.
One other digital well being firm centered on school college students is Mantra Well being, which focuses on psychological healthcare. Earlier this 12 months, it raised $22 million in Series A funding to develop its supplier community, enhance its medical infrastructure and improve its capabilities to deal with quite a lot of psychological well being wants, together with for extra extreme circumstances.
Femtech and digital care geared towards ladies symbolize a steadily expanding space inside digital well being. Alpha Medical, a digital major care startup centered on ladies, raised $24 million last year and lately added diabetes care offerings.
Hybrid supplier Tia has been increasing its brick-and-mortar locations in the Bay Area after scooping up $100 million in Series B funding in 2021. In the meantime, ladies’s and household care supplier Maven Clinic announced a $110 million Series D raise in August of final 12 months.
