Evernow received $ 28.5M for digital menopause care

Evernow raised $ 28.5 million in Series A funding.

The round was led by NEA, with participation from 8VC, Refactor Capital and Coelius Capital, with angel investors and The director of the fund is Othman Laraki, Morgan Stanley vice president Carla Harris, Gwyneth Paltrow, Drew Barrymore, Cameron Diaz and Abby Wambach.

IT’S WORKING

Evernow offers hormone therapy, such as an estradiol patch or pill, as well as paroxetine, an SSRI that can be used. keep the night warm and hot. When users sign up for a service, they are compared with a physician who will help develop their treatment plan based on the patient’s medical history.

Medications are delivered to patients ’homes, and they can continue to communicate with their provider if necessary.

“We spent a lot of time researching women’s health and we were surprised at how little we were looking at the menopause market despite its regularity and size,” said Vanessa Larco, partner at NEA. , in a word.

“When we first met with Evernow, we were appreciative of the amount of knowledge in the company, their early start -up, and their technology and science related to care, resources, and with communication. a new era in the establishment of women’s health. “

The startup said it will use the hire to hire, build its member community and use the data collected for new product development.

KAHIKI MAKEKE

Even the money is growing for the start of women’s health – birth and maternal health was one of Rock Health’s top medical areas in the first quarter of this year – which is making a small part of the overall health coverage.

While there is a lot of work involved in menstruation, pregnancy and obesity, businesses are starting to move to other areas, including menopause, as reported by Frost & Sullivan.

Other organizations offer virtual menopause care based on the London Occupational Health Center Peppy, Gennev (formerly Genneve) and direct-to-consumer virtual care company Ro through its Rory brand.

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