Health clinic for middle-aged women. Midi Health announced it raised $60 million in a Series B funding round led by Emerson Collective, bringing its total raised to $100 million.
GV (Google Ventures), who led the company Series A round of 25 million dollars Announced In September, he participated in the round.
Also present were 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. included investors in Midi’s Series B raise.
WHAT ARE YOU DOING
The California-based virtual care company focuses on women ages 40 and older going through perimenopause and menopause. It offers a network of nurse practitioners supervised by physicians and researchers and provides interventions ranging from lifestyle counseling to prescription medications.
Midi Health will use the funds to expand insurance coverage beyond its already established national coverage, expand its network by 150 physicians by the end of 2024, diversify its service lines and expand its reach.
“We started Midi with one specific focus: helping women access top-notch, insurance-covered, expert perimenopause and menopause care, and we’ve been at the forefront of delivering on that promise,” Joanna Strober, CEO and co-founder of Midi Health. he said in a statement.
“But what we’ve also learned is that addressing the health issues of midlife women is more complex than simply treating hot flashes and prescribing hormone replacement therapy. Midi takes a holistic, multi-symptom approach to care designed to help women. women to live their best, most productive and fulfilling lives, whether it involves medications, lifestyle counseling, natural supplements, or other support. Our goal now is to expand services and reach to continue this comprehensive care. and personalized well beyond menopause.
THE BIGGEST TREND
In 2022, Midi Health received a Initial investment of $14 million co-led by Felicis and SemperVirens, two equity firms that participated in 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 services by accessing the company’s website directly or through a referral from a Hermann Health provider.
He also announced that he would expand its virtual care clinic to employers in all 50 states starting in January 2024.
In March, Midi Health partnered with Neurotrack, a digital cognitive assessment company, to help women determine whether symptoms of brain fog are indicative of menopause or signs of severe cognitive impairment, such as early dementia.
Other companies focused on perimenopausal and menopausal women’s health include telehealth startup Evernow and family care-focused digital health platform Ovia Health. In February, Ovia Health announced it expanded its platform to include menopause-focused offerings.