Total amount raised
$26.8 Millions
Latest funding date
May, 2020
Location
Tia has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers comprehensive women's health services, both virtually and in-person.
Keep reading to explore the intricacies of Tia's fundraising journey and the investors backing this innovative healthcare platform.
What Is Tia?
Tia, founded in 2017, is a women's health clinic offering both virtual and in-person appointments. Based in New York, Tia focuses on providing comprehensive and collaborative care for women.
The company was co-founded by Carolyn Witte and Felicity Yost, who aimed to revolutionize women's healthcare. Tia addresses a wide range of health concerns, including gynecology, primary care, mental health, and more.
With a growing team, Tia has over 100 employees dedicated to improving women's health outcomes. Their services are covered by most major insurance providers, making healthcare accessible to many.
How Much Funding Has Tia Raised?
- Seed Round
- Amount Raised: $2.5M
- Date: September 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build a digital platform for women's health.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and development.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: November 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's service offerings.
- Seed Round
- Amount Raised: $6M
- Date: March 2019
- Lead Investors: Torch Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the first physical Tia Clinic in NYC.
- Series A
- Amount Raised: $24.3M
- Date: May 2020
- Lead Investors: Threshold
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Tia's vision of becoming a women-focused health system.
- Series B
- Amount Raised: $100M
- Date: September 2021
- Lead Investors: Lone Pine Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale Tia's services and expand to new markets.
Total Amount Raised: $132.8M. Current Valuation: Not publicly disclosed.
Key Investors
- Lone Pine Capital
- Details: Lone Pine Capital is a hedge fund that invests in public and private equity markets globally. Founded by Stephen Mandel, the firm is known for its concentrated investment strategy.
- Investment Focus Areas: Technology, consumer goods, healthcare.
- Notable Investments: Amazon, Google, Netflix.
- Threshold Ventures
- Details: Threshold Ventures is a venture capital firm that focuses on early-stage technology companies. The firm was formerly known as DFJ Venture and has a history of backing transformative companies.
- Investment Focus Areas: Technology, healthcare, enterprise software.
- Notable Investments: Box, Docusign, AppLovin.
- Torch Capital
- Details: Torch Capital is a venture capital firm that invests in consumer-focused companies. The firm aims to support brands that are reshaping consumer behavior.
- Investment Focus Areas: Consumer technology, e-commerce, health and wellness.
- Notable Investments: Acorns, Compass, Ro.
- Homebrew
- Details: Homebrew is a venture capital firm that invests in seed-stage startups. The firm is known for its hands-on approach and focuses on companies that are building the future of work, health, and consumer services.
- Investment Focus Areas: Work, health, consumer services.
- Notable Investments: Chime, Cruise, Gusto.
- Define Ventures
- Details: Define Ventures is a venture capital firm that focuses on early-stage digital health companies. The firm aims to support startups that are transforming healthcare through technology.
- Investment Focus Areas: Digital health, healthcare technology.
- Notable Investments: Hims & Hers, Unite Us, Lightship.
What's Next for Tia?
Tia stands at the cusp of significant growth, with plans to expand its women's health clinics and enhance its digital platform. The company aims to become a comprehensive women-focused health system, leveraging the $24 million Series A funding to scale its services both online and offline. This expansion presents a substantial opportunity, given the increasing demand for integrated healthcare solutions tailored to women's needs.
Future fundraising appears promising, as the successful Series A round and the involvement of seasoned investors suggest strong potential for additional investments. However, Tia will need to navigate challenges such as balancing the expansion of physical clinics with digital development and maintaining high-quality care during rapid growth. The evolving healthcare landscape and regulatory complexities also pose potential hurdles.
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