Future of FemTech

April 20, 2021

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Femtech refers to healthcare solutions that focus on and address the end-to-end needs of female health exclusively, including diagnostic tools, software, mobile apps, and wearables. Although women spend an estimated $500BN on female-related medical expenses, traditional healthcare R&D allocates only 4% on research into women’s health issues. One reason women-related needs have lagged behind is that life sciences research was overwhelmingly “tailored to the male body.”

Nonetheless, the industry has been growing tremendously, even as traditional femtech has revolved around fertility, and companies are expanding, including into precision medication technology. It’s estimated that investment into femtech will reach up to $9BN by 2024 and correlates with findings that women are 75% to 85% more likely than men to use digital tools for healthcare needs.

Six American Startups in Femtech

Maven Clinic is a Series C digital health platform that enables women to book video appointments with healthcare practitioners, including nurses, gynecologists, mental health specialists, physical therapists, and nutritionists.
Nurx is a Series C startup that helps people get access to birth control more easily and faster, delivering to doorsteps at low cost. It has also expanded into STI and hormonal testing and treatment.
Ava Science is a Series B wearables technology company that has developed a sensory device to help a woman detect her next fertile window and ovulation precisely.
Flo Health is a Series A healthcare platform for women that not only uses AI to predict accurate cycle predictions but also offers personalized daily health insights, and a closed secure community of experts and peers to address female issues of all age groups.
Kindbody is a Series B female health care provider. The company provides end-to-end fertility services from standard gynecological care to conception, nutrition, and mental wellness options in easy-to-access retail clinics.
Ovia Health is a Series A digital healthcare platform designed to provide customized information regarding maternity benefits for women and their families.

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Since last week, PrivCo has added:
933 Companies | 196 Funding Activities | 138 M&A Deals

Funding & Deal Highlights:

Benchling raises $200MM led by Sequoia Capital
Biotechnology Software & Internet Services • Round E • San Francisco, CA

Tetrascience raises $80MM co-led by Alkeon Capital and Insight Partners
Biotechnology • Round B • Boston, MA

Phantom Space raises $5MM from Chenel Capital
Aerospace & Defense • Seed • Tucson, AZ

Multiply Labs raises $20MM led by Casdin Capital
Pharmaceuticals • Round A • San Francisco, CA

Slice raises $40MM led by Cross Creek Capital
Delivery Software & Internet Services • Round D • New York, NY

PlexTrac raises $10MM co-led by Noro-Moseley Partners and Madrona Venture Group
Cyber Security Software & Internet Services • Round A • Boise, ID

Sports Info Solutions raises undisclosed amount led by Audeo Capital
Analytics Professional Services • Equity • Coplay, PA

Virtualitics raises $18MM from North Sound Ventures
Virtual Reality Software & Internet Services • Round B • Pasadena, CA

Hatch Card raises $20MM
Technology Services • Seed • San Francisco, CA

Connected Cannabis raises $30MM co-led by Navy Capital and One Tower Group
Consumer Products • Round A • Sacramento, CA

UPSTACK raises $50MM from Berkshire Partners
Data Centers Technology Services • Equity • New York, NY

CompoSecure merges with Roman DBDR Tech Acquisition Corp. for $1.2BN
Consumer Finance • SPAC • Somerset, NJ

BrightSpring Health Services acquires Abode Healthcare for $775MM
Health Care Providers • Acquisition • Durango, CO

Facedrive acquires EcoCRED for $100MM
Climatech Software & Internet Services • Acquisition • Chicago, IL

Crestview Partners acquires Auto Lenders Liquidation Center
Automotive & Consumer Vehicle Retail • Acquisition • Voorhees, NJ

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