Midlife ladies’s well being clinic Midi Well being introduced it secured $60 million in a Collection B funding spherical led by Emerson Collective, bringing its complete elevate to $100 million.
GV (Google Ventures), who led the corporate’s $25 million Collection A spherical introduced 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 elevate.
WHAT IT DOES
The California-based digital care firm focuses on ladies 40 years and above going via perimenopause and menopause. It provides a community of nurse practitioners overseen by physicians and researchers and gives interventions from life-style teaching to prescription medicine.
Midi Well being will use the funds to increase insurance coverage protection past its already established nationwide protection, increase its community by 150 clinicians by the top of 2024, diversify its service strains, and scale its attain.
“We began Midi with only one particular focus: serving to ladies entry world-class, knowledgeable perimenopause and menopause care, coated by insurance coverage, and we have now been on the forefront of delivering on that promise,” Joanna Strober, CEO and cofounder of Midi Well being, mentioned in a press release.
“However what we have now additionally realized is that addressing the well being issues of ladies in midlife is extra advanced than merely treating sizzling flashes and prescribing hormone substitute remedy. Midi takes a multi-symptom, holistic method to care designed to assist ladies stay their greatest, most efficient and fulfilling lives–whether or not that entails medicine, life-style teaching, pure dietary supplements or different assist. Our objective now could be to increase companies and scope to proceed this complete, customized care far past menopause.”
THE LARGER TREND
In 2022, Midi Well being acquired a $14 million seed funding co-led by Felicis and SemperVirens, two capital corporations that participated within the firm’s latest Collection B elevate.
Final 12 months, the corporate partnered with Houston-based Memorial Hermann Well being System to offer the well being system’s sufferers with entry to Midi Well being’s companies by going on to the corporate’s web site or via a referral by a Hermann Well being supplier.
It additionally introduced that it could increase its digital care clinic to employers in all 50 states starting in January 2024.
In March, Midi Well being 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 reminiscent of 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 Well being. In February, Ovia Well being introduced it expanded its platform to incorporate menopause-focused choices.
