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 whole to $300 million.
General Catalyst led the spherical with participation from La Famiglia, CVS Well being Ventures, and Intermountain Ventures. Current traders 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 girl’s well being journey from fertility to menopause. The corporate claims to host 15 million members, a 5x improve because it gained unicorn standing with its $110 million Series D funding round in 2021.
WHAT IT’S FOR
The funds will help the technology-enabled girls’s well being clinic and advantages platform in enhancing personalization throughout its choices for business and Medicaid populations and assist to develop its world choices.
“We’ve reimagined the care mannequin to deal with the complicated wants of girls 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 help and navigation for infertility therapy, a same-sex couple dealing with bias within the opaque surrogacy business, or a senior government unable to get help for menopause, our platform reveals up reliably, affordably, and relentlessly centered 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 yr the place funding has slowed, Maven has proven to endure.
In accordance 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 yr, a pointy downward shift from the large investments made in 2021.
The report tallied funding via Sept. 30 of this yr, 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 yr.
Nonetheless, there was a development in female-founded well being tech corporations, with girls’s well being startups elevating $877 million in 2022. Fertility and being pregnant care have been a substantial a part of the ladies’s well being market, making up 68% of the funding.
