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London-based Flo Well being, a ladies’s well being app, introduced on Tuesday, that it has raised greater than $200M (roughly €182M) in a Sequence C funding spherical from Basic Atlantic at a valuation of over $1B.
Consequently, Flo Well being turns into the primary purely digital shopper ladies’s well being app to attain unicorn standing.
As part of the transaction, Tanzeen Syed, Managing Director and Head of Shopper Web and Expertise at Basic Atlantic, and Jessie Cai, will be a part of Flo’s Board of Administrators.
“This funding accelerates Flo’s mission to revolutionize ladies’s well being,” says Anna Klepchukova, Chief Medical Officer of Flo Well being.
“With ladies spending 25 per cent extra of their lives sick in comparison with males, we’re dedicated to altering this unacceptable established order. Because the #1 OB-GYN-recommended cycle monitoring app, Flo empowers customers with tailor-made well being insights, enabling better-informed conversations with healthcare suppliers. We function a software for preventive care and well being training, serving to our customers acknowledge potential points early and inspiring proactive healthcare administration,” provides Klepchukova.
Becoming a member of palms with Basic Atlantic
Flo Well being has partnered with Basic Atlantic to gasoline its subsequent part of development, increasing into new consumer segments, enhancing tech-driven well being insights, and pursuing strategic growth alternatives.
To assist these objectives, Flo will enhance R&D headcount and leverage Basic Atlantic’s experience in scaling firms on the intersection of shopper expertise, healthcare, and subscription enterprise fashions.
As of June 2024, the corporate helps almost 70M month-to-month energetic customers (MAUs) and near 5M paid subscribers.
The corporate’s speedy development is obvious in Flo’s gross bookings for 2024, that are projected to exceed $200M this 12 months, marking an approximate 50 per cent year-over-year enhance.
Flo Well being: Constructing a greater future for feminine well being
Led by Dmitry Gurski, Flo Well being is on a mission to construct a greater future for feminine well being.
The corporate goals to assist ladies at each stage of their well being journey, from menstruation to conception, being pregnant, and menopause.
With over 120 docs and well being specialists, Flo’s all-in-one platform provides curated cycle and ovulation monitoring.
Customers can monitor over 70 signs and entry varied options designed to boost their understanding and administration of their well being.
Flo additionally offers customers with tailor-made well being insights, knowledgeable ideas, day by day bite-sized visible content material, and entry to a personal digital dialogue neighborhood targeted on well being and wellness-related subjects.
As a part of its mission to construct a greater future for feminine well being, Flo’s Go it on Mission goals to enhance well being literacy by offering as much as 1 billion ladies in want with free entry to Flo Premium.
“Reaching unicorn standing is a major milestone for Flo and your entire femtech trade,” says Dmitry Gurski, co-founder and CEO of Flo Well being.
“After we began Flo, we recognized an enormous hole in ladies’s well being providers. Now, we’re a pacesetter in a world motion to make ladies’s well being a precedence in all places. We’re already serving to a whole lot of thousands and thousands of ladies, and our aim is to succeed in 1 billion ladies by our world pro-social program. This initiative offers free entry to Flo Premium throughout 66 nations, together with India, Indonesia, and Nigeria, with almost 12 million ladies already benefiting,” continues Gurski.
“This funding from Basic Atlantic will assist propel Flo Well being’s development as we proceed normalizing conversations about ladies’s well being, bettering well being literacy, and elevating consciousness of ladies’s well being points worldwide, particularly in underserved areas,” Gurski concludes.
The investor
Basic Atlantic is a world development investor with greater than 4 a long time of expertise offering capital and strategic assist for over 520 development firms all through its historical past.
The corporate companions with visionary entrepreneurs and delivers lasting impression.
Basic Atlantic has roughly $84B in belongings beneath administration inclusive of all merchandise as of March 31, 2024, and greater than 300 funding professionals.
Jessie Cai, Principal at Basic Atlantic, feedback, “We’ve been fortunate sufficient to observe the Flo workforce over the previous 5 years construct a beloved, mission-critical app for girls globally, and now now we have the lucky alternative to associate with Dmitry and his workforce. We’re enthusiastic about their large imaginative and prescient and the innovation forward for the broader ladies’s well being and wellness ecosystem. We consider Flo is a class chief and stay up for leveraging our deep experience throughout disruptive shopper expertise and subscription platforms to assist the corporate’s continued development.”
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