Maven Clinic, a healthcare startup focused on women and families, announced that it has secured $125 million in a funding round, bringing its valuation to $1.7 billion. The company aims to provide comprehensive virtual care throughout various stages of the reproductive lifecycle, from family planning to pregnancy, postpartum, and menopause. With a total of over $425 million raised to date, Maven plans to utilize this new funding to enhance its fertility benefits, expand its platform, and leverage real-time data for more proactive member care.
Kate Ryder, founder and CEO of Maven said, “Early on, people didn’t understand the size of the sector and how powerful it is. It was clearly one of the great missed opportunities over the last few decades in health care innovation. Women and family health is not just a huge area of health care that’s been undersupported and under-funded, it actually is the central part of health care.”
In 2014, Ryder established Maven Clinic, providing online services focused on fertility, family planning, pregnancy, postpartum health, adoption, surrogacy, and parenting. As CEO, Ryder led a $45 million funding round for the company in 2020. In August 2021, Maven Clinic secured an additional $110 million in funding from investors including Lux Capital and Oprah Winfrey.
The company was the first U.S. startup focused on women’s and family health to achieve “unicorn” status, meaning it was valued at over $1 billion. Among its investors are notable firms such as General Catalyst, Sequoia, and Oak HC/FT, along with celebrities like Oprah Winfrey, Mindy Kaling, and Reese Witherspoon.