Interval Monitoring App Flo Well being has secured greater than $200 million in Sequence C funding from progress investor Normal Atlantic, making the ladies’s well being firm a unicorn with a valuation of greater than $1 billion.
Tanzeen Syed, managing director and head of client networking and know-how at Normal Atlantic, and Jessie Cai, head of Normal Atlantic, will be a part of Flo’s board of administrators.
what it could possibly do
Flo’s apps embody interval and ovulation monitoring, home-building merchandise, weekly progress trackers for pregnant ladies, and medical articles with ideas for bettering your well being.
The corporate mentioned it should use the funds to boost its know-how, develop its workforce in Europe and North America, pursue growth alternatives and tackle new consumer teams comparable to perimenopause and menopause.
The London-based firm claims to help almost 70 million month-to-month lively customers and almost 5 million paying subscribers.
“Reaching unicorn standing is a crucial milestone for Flo and all the femtech business,” Dmitry Gurski, co-founder and CEO of Flo Well being, mentioned in a press release.
“We’re already serving to lots of of thousands and thousands of ladies, and our aim is to succeed in 1 billion ladies via our world pro-social program. This program offers almost 1 billion ladies in 66 nations together with India, Indonesia and Nigeria free entry to Flo Premium . 12 million ladies have benefited.
Gurski mentioned the funding will assist speed up Flo Well being’s progress as the corporate continues to normalize the dialog about ladies’s well being globally, particularly in underserved areas.
market Overview
Flo closed In 2021, it raised $50 million in Sequence B funding led by VNV World and Goal World.
2021, Flo Resolved a grievance with the Federal Commerce Fee (FTC) alleging improper disclosure of delicate consumer data to third-party advertising and marketing and analytics providers comparable to Fb and Google.
A 12 months later, the corporate Nameless mode was launched, permitting customers to entry the app with out having their title, e mail tackle and technical identifiers related to their well being information.
firm The corporate first introduced plans so as to add an nameless mode shortly after the Supreme Courtroom’s Dobbs determination overturned Roe v. Wade.
Flo companions with safety firm Cloudflare to construct anonymity capabilities and Launched a white paper detailing its technical specs. Nameless mode has been localized into 20 languages.
Different firms providing interval monitoring and residential constructing providers embody femtech firms Clue is an app centered on menstrual cycle monitoring and reproductive well being, and Glow is an app that gives reproductive, being pregnant and postpartum well being providers.
tech giants Apple additionally affords interval monitoring via the Cycle Monitoring app on Apple Watch and the Well being app on iPhone.
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