Maven Clinic, a virtual clinic focusing on reproduction and maternal health, $110 million has been raised In the D round of financing. The company is now a healthcare unicorn, because the latest funding has made its valuation soar to more than $1 billion.
Co-led by Dragoneer Investment Group and Lux Capital, BOND and existing investors Sequoia, Oak HC/FT and Icon Ventures participated in this round of financing. Oprah Winfrey also joined this round as an investor. The total funding of Maven Clinic has now exceeded US$200 million.
Maven Clinic was established in 2014 to provide telemedicine services for people at all stages of parenting and beyond. The company’s network includes 30 different types of suppliers. Users connect to personal care assistants to help them browse the web.
Sonia Millsom, Maven’s chief commercial officer, said in an email: “Fundamentally, people who start a family deserve more support, and they deserve more dignity.” “Maven postpartum members go to the mental health provider Physicians, physiotherapists, pediatricians, lactation consultants, and obstetricians and gynecologists are normal.”
The company also offers a variety of digital programs through its mobile app, from programs that focus on fertility to 10-year-old pediatric services.
Millsom said that Maven Clinic will use the funds raised in the latest round to expand its services to new populations, including Medicaid members in the United States and international patients.
“Maven has built the infrastructure to bring a trust-based care-around seeing and hearing patients-to places that are not the norm,” she said. “This is a huge opportunity to make healthcare more fair and effective.”
In addition, the company will use Series D funds to invest in product innovation.
The latest round of financing was carried out about 18 months after the company $45 million raised In the C round of financing. Since then, Maven Clinic’s customer base has continued to expand. According to a report, it recently partnered with Microsoft and more than 1,300 employees started making appointments on the Maven platform. Articles by Sonja Kellen, Senior Director of Global Health and Healthcare at Microsoft.
Funding for startups focused on women’s health is still relatively small Fast-growing digital health Pies, but these companies have seen interest from millions of investors.about Investment of 688 million US dollars According to a report, digital health companies aiming at childbirth and pregnancy/maternity in the first half of 2020 Report released last year Healthy by the rock. Other companies in this field include Ovia Health and Progyny Available in 2019.
In the competition in emerging markets, Maven’s goal is to continue to focus on providing personalized care for those who want children.
“…Now is the time to build something better, and treat the beginning of life as a key point of investment—not as a disability that requires a 100-year-old model of care to manage,” Milsom said.
Photo: TAW4, Getty Images
