Google Ventures leads Midi Well being’s $25M Collection A spherical

Midi Health, a digital care clinic for girls 40 years and above, introduced it closed a $25 million Collection A funding spherical led by GV (Google Ventures), bringing the corporate’s whole elevate to $40 million.

Frederique Dame and Cathy Friedman of GV joined present traders Operator Collective, 25M, Semper Virens, Felicis and Icon.

WHAT THEY DO

The California-based firm gives digital care guided by a community of nurse practitioners overseen by physicians and researchers. Midi additionally gives interventions from life-style teaching to prescription remedy. 

The corporate will use the capital to develop its attain nationwide, aiming to have a presence in all 50 states by January 2024. It would additionally use the funds to launch new partnerships with hospital methods and U.S. employers. 

“Midi has seen significant traction since its launch and takes an modern method to deal with an unmet want for practically half the worldwide inhabitants,” Dame, common companion at GV, mentioned in a press release. “Midi’s world-class government and advisory crew has a long time of medical and healthcare experience and a imaginative and prescient for personalised, reasonably priced, and accessible midlife care. GV is proud to again Midi as they modernize perimenopause and menopause care for girls in every single place.”

MARKET SNAPSHOT 

Final yr, Midi Well being raised $14 million in seed funding. 

In August, advantages administration firm Progyny announced its employer purchasers in all 50 states would have the choice to supply perimenopause and menopause care to their workers due to its partnerships with Midi Well being and fellow girls’s well being firm Gennev.  

One other firm providing digital care choices to menopausal girls is telehealth startup Evernow, which scored $28.5 million final yr to develop its workforce, member neighborhood and choices.