Maven Raises A $45 Million Series C— One Of The Largest Funding Rounds For A Female-Led Women’s Healthcare Company

Katherine Ryder, the founder and CEO of the women’s and family healthcare company Maven, was working in venture capital covering digital health when she got the idea for her business. Ryder saw that women were the primary customer, but that there weren’t many female founders. She had just turned 30, her friends started having kids and she knew it would be the decade that she would start a family.

Maven works with individuals, health plans and companies to offer on-demand access to women’s and family health care providers via video chat and messaging and a community of experts who offer advice, resources and referrals. Families can set up video appointments with specialists, including nurse practitioners, doctors, therapists and wellness and back-to-work coaches.

Maven announced this week that it has raised $45 million in Series C funding led by Icon Ventures, with participation from existing investors Sequoia, Oak HC/FT, Spring Mountain Capital, Female Founders Fund and Harmony Partners. Individual strategic investors include actresses Reese Witherspoon, Natalie Portman and Mindy Kaling and 23andMe cofounder and CEO Anne Wojcicki. It is one of the largest funding rounds for a female-led women’s healthcare company.

“Maven is addressing critical gaps in care by offering the largest digital health network of women’s and family health providers,” Tom Mawhinney, the lead investor from Icon Ventures who will join the Maven board of directors, wrote in a statement emailed to.

Ryder is excited for what 2020 has in store for the healthcare industry and how it will continue to evolve throughout the decade. “There is a mindset shift. If the first mindset shift was convincing people that women’s health matters, now I think we are in a second mindset shift. Not only does it matter, but it is the core of a functional healthcare system,” Ryder told.

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