Midi Health, the Fastest-Growing Virtual Clinic for Perimenopause and Menopause, Raises an Additional $60M in … – PR Newswire
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Lead investor Emerson Collective champions Midi’s mission to develop entry to professional, insurance-covered care for girls in midlife and past
LOS ALTOS, Calif., April 24, 2024 /PRNewswire/ — Midi Health, the fastest-growing digital care clinic for girls navigating perimenopause and menopause, at the moment introduced the shut of a $60M Sequence B funding spherical led by Emerson Collective, bringing the corporate’s complete funding raised up to now to $100M. Extra buyers embody GV (Google Ventures), who led the earlier funding spherical, together with Memorial Hermann, SemperVirens, Felicis, Icon Ventures, Black Angel Group, Gingerbread Capital, Ready Companions, G9 and Operator Collective. They be a part of a syndicate of primarily female-led buyers together with F7, Metal Sky Ventures, Avestria, Muse Capital, 1843 Capital, Anne Wojcicki, Susan Wojcicki, and K50 Ventures.
Girls spend greater than a 3rd of their lives in perimenopause or menopause, with greater than 1.2 billion girls globally anticipated to be in these life phases by 2030. Upwards of 85 % of girls will expertise menopausal signs that may negatively impression their productiveness and high quality of life, but 75% of girls who search look after these signs don’t obtain any therapy. The first motive is that only about 1 in 5 OB/GYNs, and even fewer main care physicians, obtain specialised menopause training or coaching.
“Traditionally, girls’s healthcare has been uncared for, with perimenopause and menopause having important unmet wants,” mentioned Fern Mandelbaum of Emerson Collective. “Midi is offering professional, empathetic care coupled with complete insurance coverage protection, lastly addressing this hole and guaranteeing that each one girls obtain the assist they want and deserve.”
A pioneer within the midlife girls’s well being area, Midi Well being was based in 2021 with a mission to shut this care hole, and is now the fastest-growing digital clinic centered on treating girls in perimenopause and menopause. Over the previous 12 months, the corporate has cared for tens of hundreds of sufferers, expanded to all 50 states, added Fortune 100 employers providing Midi as a office profit, and launched partnerships with main healthcare techniques akin to Memorial Hermann and advantages platforms akin to Progyny and Cleo.
The extra spherical of funding will permit Midi to develop insurance coverage protection (already established nationwide), rent and upskill a further 150 clinicians by finish of 12 months, diversify service strains, amplify the dialog round midlife girls’s healthcare, and scale to look after 1 million+ girls per 12 months by 2029.
The standard of Midi’s care is validated by a latest survey of two,200 sufferers, by which:
Midi reveals equally sturdy outcomes for a variety of different well being considerations, and the scientific staff is effectively positioned to fulfill many extra wants for girls between the ages of 35 and 65 over the course of 2024.
The brand new funding displays a rising nationwide consciousness of girls’s unmet healthcare challenges, and assist for modern options designed to fill care gaps. This 12 months, President Biden signed an Govt Order geared toward advancing girls’s well being analysis and innovation, with a selected deal with menopause, and a groundswell of company employers have added menopause advantages. Midi has seized this unprecedented alternative to remodel midlife well-being for the 1 in 4 girls within the U.S. over the age of 40. The advantages lengthen far past a affected person inhabitants: Addressing the care hole for girls in perimenopause and menopause can enhance the typical per capita GDP generated by girls by 1.7%, contributing a minimum of $1 trillion to the worldwide economic system by 2040 (Supply: McKinsey Report).
“We began Midi with only one particular focus: serving to girls entry world-class, professional perimenopause and menopause care, coated by insurance coverage, and we have now been on the forefront of delivering on that promise,” mentioned Joanna Strober, CEO and Co-founder of Midi Well being. “However what we have now additionally realized is that addressing the well being considerations of girls in midlife is extra advanced than merely treating scorching flashes and prescribing hormone alternative remedy. Midi takes a multi-symptom, holistic strategy to care designed to assist girls reside their greatest, most efficient and fulfilling lives—whether or not that includes medicine, way of life teaching, pure dietary supplements, or different assist. Our objective now could be to develop providers and scope to proceed this complete, customized care far past menopause.”
For visible belongings together with images and b-roll, go to https://www.joinmidi.com/press-room. For affected person tales and extra feedback from Midi Well being CEO Joanna Strober, go to joinmidi.com/series-b-announcement.
About Midi Well being
Midi Well being is the quickest rising digital care clinic centered on girls navigating midlife hormonal change and past. With therapy protocols created by world-class medical consultants in perimenopause and menopause, delivered by clinicians skilled in girls’s midlife well being, Midi Well being gives sufferers with customized care plans that embody hormonal and non-hormonal medicines, dietary supplements, way of life teaching and extra. All providers are coated by insurance coverage, and conveniently accessible by telehealth visits and 24/7 messaging. To be taught extra, go to www.joinmidi.com.
Media Contact:
Aimee Grove for Midi Well being: [email protected]; 415-706-1906
SOURCE Midi Well being
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