Female-led healthtech startup Maven raises $45M Series C funding to revolutionize medical for women
Maven Clinic, a female-led startup and a provider of virtual clinic dedicated for women and family health, has raised $45 million in Series C funding to disrupt how the market and employers are approaching healthcare for working families. The round, which is one of the largest funding rounds for female-led women’s and family health company, was led by Icon Ventures, with participation from existing investors Sequoia, Oak HC/FT, Spring Mountain Capital, Female Founders Fund, Harmony Partners, and individual strategic investors Reese Witherspoon, Natalie Portman, Mindy Kaling, and Anne Wojcicki.
Founded in 2014 by Katherine Ryder, the New York City-based Maven operates an on-demand digital care clinic that assists mothers and families during conception, throughout pregnancy, and postpartum. It offers video appointments and private messaging with its proprietary women’s and family health practitioner network, as well as a family benefits platform. Maven Clinic offers its services for IVF and egg-freezing tracks, pregnancy, postpartum, partner, adoption, surrogacy, and loss tracks, and career coaching and support, and customized manager training for HR. It serves individuals, employers, and healthcare professionals.
Over the last twelve months, Maven has expanded rapidly, driven by adoption of its family benefits platform among individuals, employers, and health plans seeking better solutions for women’s health, family planning, and diversity in the workforce. The latest round of funding will be used to support Maven’s growth, deepen investment in its core digital programs across fertility, maternity, return-to-work, and pediatrics and expand into adjacent areas.
“Maven is addressing critical gaps in care by offering the largest digital health network of women’s and family health providers,” said Tom Mawhinney, lead investor from Icon Ventures, who will join the Maven board of directors. “With its virtual care and services, Maven is changing how global employers support working families by focusing on improving maternal outcomes, reducing medical costs, retaining more women in the workplace, and ultimately supporting every pathway to parenthood.”
This past year, Maven’s client base tripled driven by partnerships with clients from over 100 companies globally, across the Fortune 50 and representing every industry. Maven’s women’s and family telehealth network expanded to include 1,700 providers across more than 20 specialties, filling in critical gaps in a broken healthcare system. With the recent launch of Maven Wallet—a new feature designed to help members better manage receipts and expenses associated with fertility, egg freezing, adoption, and surrogacy reimbursement—Maven is the only end-to-end care solution for the entire family journey.
“We believe that women’s and family health is not just a vertical, but the core of a functional healthcare system,” said Kate Ryder, Founder & CEO, Maven. “With this latest round of funding, Maven will continue to double down and invest in the long term to drive meaningful, sustained change.”