Maven: This Digital Health Company Just Raised $45 Million

By Amit Chowdhry ● February 21, 2020
  • Maven, a leading women’s and family digital health company, announced it has closed $45 million in Series C funding led by Icon Ventures

Maven, a leading women’s and family digital health company, announced it has closed $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, Harmony Partners, and individual strategic investors Reese Witherspoon, Natalie Portman, Mindy Kaling, and Anne Wojcicki.

In the past 12 months, Maven expanded rapidly and it was driven by the adoption of its family benefits platform among individuals, employers, and health plans who are looking for better solutions for women’s health, family planning, and diversity in the workforce. And the latest round of funding will be used to support Maven’s growth, deepen investment in its core digital programs across fertility, maternity, return-to-work, and pediatrics and expand into adjacent areas.

Over the past year, Maven’s client base tripled as it was driven by partnerships with clients from over 100 companies globally, across the Fortune 50, and representing every industry. And Maven’s women’s and family telehealth network expanded to include 1,700 providers across more than 20 specialties, filling in critical gaps in a broken healthcare system. With the recent launch of Maven Wallet — which is a new feature designed to help members better manage receipts and expenses associated with fertility, egg freezing, adoption, and surrogacy reimbursement — Maven is the only end-to-end care solution for the entire family journey.

Maven was founded in 2014 by Katherine Ryder. And the company has raised $88 million since it was founded.

Key Quotes

“Maven is addressing critical gaps in care by offering the largest digital health network of women’s and family health providers. With its virtual care and services, Maven is changing how global employers support working families by focusing on improving maternal outcomes, reducing medical costs, retaining more women in the workplace, and ultimately supporting every pathway to parenthood.”

– Thomas Mawhinney, lead investor from Icon Ventures, who will join the Maven board of directors

“We believe that women’s and family health is not just a vertical, but the core of a functional healthcare system. With this latest round of funding, Maven will continue to double down and invest in the long term to drive meaningful, sustained change.”

– Katherine Ryder, Founder & CEO at Maven