Midlife ladies’s well being clinic Midi Health introduced it secured $60 million in a Collection B funding spherical led by Emerson Collective, bringing its whole increase to $100 million.
GV (Google Ventures), who led the corporate’s $25 million Collection A spherical announced in September, participated within the spherical.
SemperVirens, Icon Ventures, Felicis, Gingerbread Capital, Metal Sky Ventures, Black Angel Group, Memorial Hermann, K50 Ventures, Operator Collective, G9, 1843 Capital, Muse Capital, Ready Companions, F7, Avestria, Anne Wojcicki, and Susan Wojcicki had been additionally buyers in Midi’s Collection B increase.
WHAT IT DOES
The California-based digital care firm focuses on ladies 40 years and above going by perimenopause and menopause. It gives a community of nurse practitioners overseen by physicians and researchers and gives interventions from way of life teaching to prescription remedy.
Midi Well being will use the funds to broaden insurance coverage protection past its already established nationwide protection, broaden its community by 150 clinicians by the top of 2024, diversify its service traces, and scale its attain.
“We began Midi with only one particular focus: serving to ladies entry world-class, skilled perimenopause and menopause care, lined by insurance coverage, and now we have been on the forefront of delivering on that promise,” Joanna Strober, CEO and cofounder of Midi Well being, mentioned in an announcement.
“However what now we have additionally realized is that addressing the well being issues of girls in midlife is extra advanced than merely treating sizzling flashes and prescribing hormone substitute remedy. Midi takes a multi-symptom, holistic strategy to care designed to assist ladies dwell their greatest, best and fulfilling lives–whether or not that entails remedy, way of life teaching, pure dietary supplements or different assist. Our aim now could be to broaden providers and scope to proceed this complete, personalised care far past menopause.”
THE LARGER TREND
In 2022, Midi Well being acquired a $14 million seed investment co-led by Felicis and SemperVirens, two capital companies that participated within the firm’s current Collection B increase.
Final yr, the corporate partnered with Houston-based Memorial Hermann Health System to offer the well being system’s sufferers with entry to Midi Well being’s providers by going on to the corporate’s web site or by a referral by a Hermann Well being supplier.
It additionally introduced that it could expand its virtual care clinic to employers in all 50 states starting in January 2024.
In March, Midi Health teamed up with Neurotrack, a digital cognitive evaluation firm, to assist ladies decide whether or not mind fog signs are indicative of menopause or indicators of extreme cognitive impairment akin to early dementia.
Different firms targeted on ladies’s perimenopausal and menopausal well being are telehealth startup Evernow and household care-focused digital well being platform Ovia Health. In February, Ovia Well being introduced it expanded its platform to incorporate menopause-focused choices.
