Midlife women’s health clinic Midi Health announced it has added a group of female investors to its oversubscribed $63 million Series B round via a $5 million Special Purpose Vehicle.
New investors include actors and producers Amy Schumer and Connie Britton, soccer star Brandi Chastain, fashion designer/entrepreneur Tory Burch, Phenomenal Media’s Meena Harris, Sandberg Bernthal Venture Partners, investor and Angel City FC cofounder Kara Nortman.
The venture fund run by former Meta COO Sheryl Sandberg and her husband Tom Bernthal, Waymo co-CEO Tekedra Mawakana, Stripe executive Claire Hughes Johnson, PagerDuty CEO Jennifer Tejada, and Toast CFO Elena Gomez also participated in the round.
Other investors also joined, including executives from OpenAI, Apple, Amazon, Google, Meta, Atlassian, Databricks, Cloudflare, Warner Media, Universal Music Group, Life360 and Calm.
The above group of capital investors joins the company’s other Series B investors, including GV (Google Ventures), Emerson Collective, Memorial Hermann Health System, Black Angel Group, SemperVirens, Felicis, Icon Ventures, Ingeborg Investments, G9, Operator Collective and Gingerbread Capital.
The company said that, in total, 80 investors participated in its Series B round.
WHAT IT DOES
The California-based company offers women 40 years of age and older a virtual care platform with access to nurse practitioners specializing in perimenopause and menopause. Physicians and researchers oversee the nurses. The platform provides interventions ranging from lifestyle coaching to prescription medication.
“Just like you, I have noticed a clear gap in companies that prioritize the needs of women and address the challenges they face when seeking healthcare. Midi is breaking new ground for women 35+ as their healthcare needs evolve,” Amy Schumer said in a statement.
“The SPV investment opportunity was a unique way for leaders across different industries to come together to ensure women’s health remains at the forefront of innovation rather than as an afterthought as it has for so long. It’s important to invest in companies that impact us personally and be a force for change for women everywhere.”
MARKET SNAPSHOT
Midi secured $60 million in its Series B funding round in April, bringing its total raise to $100 million.
Last year, the company closed a $25 million Series A funding round led by Google Ventures and expanded access to its offerings in all 50 U.S. states, and in 2022, it scored a $14 million seed investment.
Last month, the company announced a partnership with digital musculoskeletal care company Hinge Health to combine Hinge’s movement-based support with Midi’s virtual care clinic to support women experiencing menopausal symptoms.
In July, Midi collaborated with Keck Medicine of USC to provide personalized care plans to individuals going through perimenopause and menopause.
Earlier this year, the company announced it was partnering with digital cognitive assessment company Neurotrack to help determine whether brain fog symptoms in women are indicative of menopause or signs of a severe cognitive impairment, such as early dementia.
Last year, the company announced a partnership with Memorial Hermann Health System to provide virtual care services to Houston patients.
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