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Maven Clinic raised $125 million in a Series F round led by StepStone Group to enhance its virtual platform for women's and family health.

PRIVATEOct 08, 2024•over 1 year ago

Amount Raised

$125 Million

Round Type

series f

New YorkHealth Care

Investors

Lux CapitalDragoneer Investment GroupIcon VenturesOak Hc/FtSequoiaGeneral CatalystStep Stone Group

Description

Maven Clinic has announced the completion of a $125 million Series F funding round, which will be used to scale its fertility and family building program. The funds will also help enhance its end-to-end platform for virtual care delivery across various stages of reproductive health.

Company Information

Company

Maven

Location

New York, New York, United States

About

Maven is the world's largest virtual clinic for women and families on a mission to make healthcare work for all of us. Maven's award-winning digital programs provide clinical, emotional, and financial support all in one platform, spanning fertility & family building, maternity & newborn care, parenting & pediatrics, and menopause & midlife. More than 2,000 employers and health plans trust Maven's end-to-end platform to improve clinical outcomes, reduce healthcare costs, and provide equity in benefits programs. Recognized for innovation and industry leadership, Maven has been named to the Time 100 Most Influential Companies, CNBC Disruptor 50, Fast Company Most Innovative Companies, and FORTUNE Best Places to Work. Founded in 2014 by CEO Kate Ryder, Maven has raised more than $425 million in funding from top healthcare and technology investors including General Catalyst, Sequoia, Dragoneer Investment Group, Oak HC/FT, StepStone Group, Icon Ventures, and Lux Capital.

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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