Total amount raised
$285 Millions
Latest funding date
November, 2022
Location
Maven Clinic has successfully raised substantial funding across multiple rounds, achieving a valuation of $1.7 billion. The platform offers comprehensive healthcare services for women and families, including fertility, maternity, and menopause support.
Keep reading to explore the intricacies of Maven Clinic's fundraising journey and the investors backing this innovative platform.
What Is Maven Clinic?
Maven Clinic, founded in 2014 by Katherine Ryder and Suzie Grange, is a digital health platform based in New York, New York. The company focuses on providing comprehensive virtual care for women and families, covering various life stages from fertility to menopause.
With a team of 1001-5000 employees, Maven Clinic offers services such as video appointments and private messaging with a network of health practitioners. Their programs include support for IVF, pregnancy, postpartum, adoption, and more.
By collaborating with health plans and employers, Maven Clinic aims to deliver clinical, financial, and emotional support, setting a new standard of care across different geographies and cultures.
How Much Funding Has Maven Clinic Raised?
- Seed Round
- Amount Raised: $2.3M
- Date: April 1, 2016
- Lead Investors: 8VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and services for women's health.
- Series A
- Amount Raised: $10.8M
- Date: July 25, 2017
- Lead Investors: Spring Mountain Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand service offerings and scale the platform.
- Series B
- Amount Raised: $27M
- Date: September 26, 2018
- Lead Investors: Oak HC/FT, Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's capabilities and reach more users.
- Series C
- Amount Raised: $52M
- Date: February 19, 2020
- Lead Investors: Icon Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand partnerships and improve service delivery.
- Series D
- Amount Raised: $110M
- Date: August 17, 2021
- Lead Investors: Dragoneer Investment Group, Lux Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological infrastructure.
- Series E
- Amount Raised: $90M
- Date: November 14, 2022
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To acquire London-based reproductive telehealth startup Naytal and expand service offerings.
- Series F
- Amount Raised: $125M
- Date: October 8, 2024
- Lead Investors: StepStone Group
- Valuation at Round: $1.7 billion
- Motivation Behind the Round: To scale the fertility benefits administration platform and expand into new family health capabilities.
Maven Clinic has raised a total of $417.1M and is currently valued at $1.7 billion.
Key Investors
- StepStone Group
- Details: StepStone Group is a global private markets investment firm that provides customized investment solutions and advisory services. They manage over $500 billion in assets across private equity, real estate, infrastructure, and private debt.
- Investment Focus Areas: Private equity, real estate, infrastructure, private debt.
- Notable Investments: Not publicly disclosed.
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in transformative companies across various stages. They focus on creating long-term value and positive change.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Airbnb, Stripe, Snap, Warby Parker.
- Sequoia Capital
- Details: Sequoia Capital is a renowned venture capital firm that partners with founders from the idea stage to IPO and beyond. They have a history of backing some of the most successful tech companies.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Apple, Google, Oracle, PayPal, WhatsApp.
- Oak HC/FT
- Details: Oak HC/FT is a venture and growth equity firm specializing in healthcare and financial technology. They aim to drive transformation in these sectors through strategic investments.
- Investment Focus Areas: Healthcare, financial technology.
- Notable Investments: One Medical, Devoted Health, Poynt, Inscripta.
- Icon Ventures
- Details: Icon Ventures is a venture capital firm that invests in early to growth-stage technology companies. They focus on helping companies scale and achieve significant milestones.
- Investment Focus Areas: Technology.
- Notable Investments: FireEye, Palo Alto Networks, Proofpoint.
What's Next for Maven Clinic?
Maven Clinic stands at the cusp of significant growth opportunities, driven by the expanding digital healthcare market and increasing demand for specialized women's health services. With a recent $125 million Series F funding round, the company is poised to scale its fertility benefits administration platform and broaden its offerings in maternity, parenting, and menopause care. The potential to serve as Amazon's primary fertility benefits manager underscores the vast market potential Maven Clinic can tap into.
Future fundraising opportunities appear promising, with the possibility of additional venture capital rounds or even an IPO on the horizon. The company's robust growth metrics and investor confidence suggest that further investments will support technological advancements and global expansion. However, Maven Clinic will need to navigate challenges such as regulatory compliance, data privacy, and competition from other digital health platforms to maintain its trajectory.
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