Maven Raises $27 Million in Series B Financing

Startups, Tech News

Maven Health today announced the closure of a $27 million funding round to launch a nationwide breast milk delivery service for new moms.

The round was led by Sequoia Capital and Oak HC/FT with participation from existing investors Spring Mountain Capital, 14W, and Female Founders Fund.

Maven digital health platform provides a range of services, which includes help with fertility and adoption, as well as support for postpartum depression, mental health, doctor referrals, and video appointments with health care professionals.

The company’s international telehealth platform connects patients and doctors through video chat and message. Services range from fertility counseling and lactation consultants to appointments with therapists and OBGYNs.

It works with global companies that range in size from 200 to 200,000+ people, has grown 14x in the last 12 months, has delivered care to more than 150,000 patients, and was used in 166 countries in the last year. For practitioners, Maven provides the flexibility and modern tools they need to better support patients and clients, and deliver outstanding, low-friction care.

“In a system that desperately needs reform, focusing on the core patient—women—and starting with the core experience of millennials starting families, is critical,” said Kate Ryder, CEO and founder of Maven. “This is the beginning of long-overdue change in our healthcare system, and in society at large. At Maven, we’re just getting started.”

Founded in 2014 by former Index Ventures investor and journalist Katherine Ryder, Maven is a digital clinic specifically focused on healthcare for women and families. Ryder founded the platform while she was looking at digital health companies as an investor.

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