What You Ought to Know:
– Maven Clinic, the most important digital clinic in girls’s and household well being, immediately introduced that it has raised a $90 million Sequence E funding spherical led by General Catalyst, with participation from CVS Health Ventures, La Famiglia, and Intermountain Ventures, in addition to present traders Sequoia, Oak HC/FT, Icon Ventures, Dragoneer Funding Group, and Lux Capital. This brings Maven’s whole funding to $300 million and highlights the rising demand for ladies’s and household well being companies globally.
– Maven plans to make use of the most recent spherical of funding to advance its end-to-end household care platform to allow deeper personalization to fulfill the various wants of girls and households all over the place.
Maven Background
Maven’s mission, grounded in bringing equitable entry to care to girls and households around the globe, has by no means been extra vital. With virtually one-third of US girls of reproductive age residing in states with restrictions on entry to abortion, 15% of reproductive-age {couples} globally experiencing infertility, and practically one-in-three girls saying they’ve taken sick days for his or her menopause signs, the necessity for larger entry to high quality care has develop into much more pressing.
Combining built-in profit protection and steady digital care supply, Maven companions with employers and well being plans to ship inclusive household profit design, promote well being fairness, scale back prices of care, appeal to and retain expertise, and enhance scientific outcomes. Maven’s know-how platform presents 24/7 digital care, simple monetary reimbursement, peer communities, and concierge assist to members throughout 175 nations.
Maven’s Current Milestones
Maven’s latest milestones embody:
– Reaching 15 million lives below administration, a 5x improve since Maven’s Sequence D spherical of funding
– Supporting half of the Fortune 15, together with AT&T and Microsoft, and main nationwide and regional payers with Maven’s award-winning household advantages platform
– Tripling coated lives exterior of the USA, with 60% of all multinational shoppers utilizing Maven to assist their staff around the globe
– Reaching 5x development of Maven Pockets over the previous yr, offering monetary assist for household constructing, reproductive well being, and new guardian advantages
– Delivering steady take care of members, with 95% of latest shoppers providing two or extra Maven applications to their staff
– Bettering scientific outcomes, together with 25% of fertility members reaching being pregnant with out assisted reproductive know-how, and as much as 28% discount in NICU admissions
– Reaching industry-leading ranges of engagement, with 60-80% of addressable members in business populations enrolling within the platform, and a mean of 17 contact factors per member monthly with Maven’s scientific sources, communities, care advocates, and specialists
– Launching a Menopause and Ongoing Care Program with 1.2 million lives coated throughout 150 employer shoppers inside 6 weeks of product launch
– Increasing being pregnant choices capabilities and Maven Pockets assist for out-of-state journey for reproductive well being companies, together with abortion
