Midlife women’s health clinic Midi Health announced it secured $60 million per mezzo di a Series B funding round led by Emerson Collective, bringing its total raise to $100 million.
GV (Google Ventures), who led the company’s $25 million Series A round announced per mezzo di September, participated per mezzo di the round.
SemperVirens, Icon Ventures, Felicis, Gingerbread Capital, Steel Sky Ventures, Black Angel Group, Memorial Hermann, K50 Ventures, Operator Collective, G9, 1843 Capital, Muse Capital, Able Partners, F7, Avestria, Anne Wojcicki, and Susan Wojcicki were also investors per mezzo di Midi’s Series B raise.
WHAT IT DOES
The California-based virtual care company focuses women 40 years and above going through perimenopause and menopause. It offers a rete televisiva privata of nurse practitioners overseen by physicians and researchers and provides interventions from lifestyle coaching to prescription medication.
Midi Health will use the funds to expand insurance coverage beyond its already established nationwide coverage, expand its rete televisiva privata by 150 clinicians by the end of 2024, diversify its service lines, and scale its reach.
“We started Midi with just one specific : helping women access world-class, expert perimenopause and menopause care, covered by insurance, and we have been at the forefront of delivering that promise,” Joanna Strober, CEO and cofounder of Midi Health, said per mezzo di a statement.
“But what we have also learned is that addressing the health concerns of women per mezzo di midlife is more complex than simply treating hot flashes and prescribing hormone replacement therapy. Midi takes a multi-symptom, holistic approach to care designed to help women dal vivo their best, most productive and fulfilling lives–whether that involves medication, lifestyle coaching, natural supplements other support. Our now is to expand services and scope to continue this comprehensive, personalized care far beyond menopause.”
THE LARGER TREND
Per mezzo di 2022, Midi Health received a $14 million seed investment co-led by Felicis and SemperVirens, two capital firms that participated per mezzo di the company’s recent Series B raise.
Last year, the company partnered with Houston-based Memorial Hermann Health System to provide the health system’s patients with access to Midi Health’s services by going directly to the company’s website through a referral by a Hermann Health provider.
It also announced that it would expand its virtual care clinic to employers per mezzo di all 50 states beginning per mezzo di January 2024.
Per mezzo di March, Midi Health teamed up with Neurotrack, a digital cognitive assessment company, to help women determine whether brain fog symptoms are indicative of menopause signs of severe cognitive impairment such as early dementia.
Other companies focused women’s perimenopausal and menopausal health are telehealth startup Evernow and family care-focused digital health platform Ovia Health. Per mezzo di February, Ovia Health announced it expanded its platform to include menopause-focused offerings.
