Maven Raises $27 Million in Series B
Maven Clinic , a digital health company focused on bringing women and families better access to healthcare, has announced $27m in Series B funding led by Sequoia Capital and Oak HC/FT with participation from existing investors Spring Mountain Capital, 14W, and Female Founders Fund. The new round of financing brings the company’s total funding to $42m and will help Maven enhance its flagship product, Maven’s Family Benefits platform, which supports working mothers and new parents with everything from fertility through return-to-work care, and is currently offered by employers like Snap, Cleary, Protective Life, and Bumble. Sequoia partner Jess Lee and Oak HC/FT partner Nancy Brown will join the Maven board.
The company also announced that it has expanded its return-to-work care products with the introduction of a breastmilk shipping service. The new service, combined with the existing Maven healthcare platform, will provide more working mothers and parents with the support they need to return to work comfortably and successfully.
Founded in 2014, Maven operates the largest digital women’s and family health provider network, with highly-vetted providers that range from OB-GYNs to women’s health physical therapists to career coaches, to give quick, on-demand access to healthcare wherever someone is, whenever they need it. Maven’s B2B offering for employers and health plans, Maven’s Family Benefits platform, modernizes family planning for millions of working women and families with high-touch, inclusive programs for everything from adoption to IVF to maternity care to tracks for Dads.
Maven 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 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. This is the beginning of long-overdue change in our healthcare system, and in society at large. At Maven, we’re just getting started.” – CEO and founder of Maven, Kate Ryder.