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Google Ventures invests in Midi Health’s $25M round to provide personalised healthcare for women

Midi Health funding
Picture credits: Midi Health

In the US, nearly 6,000 women hit menopause each day. While this condition starts at the age of 51, on average, perimenopause, the precursor to menopause, can occur earlier. With symptoms such as hot flashes, insomnia, anxiety, depression, brain fog, memory loss, joint pain, and genitourinary problems, this condition has a significant impact on women’s quality of life and career growth. 

While it is known that menopausal symptoms can derail women’s lives, very few practitioners are trained in managing menopause, leaving a majority of women underdiagnosed, and undertreated. Addressing the gap, Midi Health is rapidly expanding its team of clinicians trained in women’s health. 

Targets 50 US states by early 2024

In a recent development, Midi Health, specialising in women’s midlife healthcare, has secured $25 million in a Series A funding round led by Google Ventures aka GV that recently backed Nimbus Therapeutics. Investors Frederique Dame and Cathy Friedman from GV are joined by current investors Felicis, Semper Virens, Icon, 25M and Operator Collective. With this, the total funding raised by Midi Health to date accounts for $40 million. 

The company will use the fresh funds to expand its operations nationwide and to launch additional partnerships with some of the largest hospital systems in the country and major US employers. Having helped tens of thousands of patients and providing care covered by all the major insurance carriers, the company plans to expand to 50 states by January 2024.

“Midi has seen meaningful traction since its launch and takes an innovative approach to address an unmet need for nearly half the global population,” said Frederique Dame, General Partner at GV. “Midi’s world-class executive and advisory team has decades of clinical and healthcare expertise and a vision for personalised, affordable, and accessible midlife care. GV is proud to back Midi as they modernize perimenopause and menopause care for women everywhere.”

Midi Health CEO & Founder Joanna Strober said, “Midi provides an insurance-covered solution that focuses on women’s unique needs, closing a major gap in health access, quality, and equity.”

Personalised women healthcare

Founded by Joanna Strober in 2021, Midi Health is a virtual care clinic making expert care accessible and affordable for women experiencing the hormonal changes of midlife. It offers specialised treatment for common symptoms of perimenopause and menopause, as well as preventative care to help you strengthen your long-term health. 

The company is also expanding its team of clinicians trained in women’s health. They complete a rigorous training program and participate in ongoing education overseen by world-class experts in perimenopause and menopause. 

Midi Health patients receive personalised care plans based on their unique symptoms and health history. Solutions include hormonal and non-hormonal medications, supplements, lifestyle coaching, and vital preventative health guidance. All services are covered by insurance, and conveniently accessible through telehealth visits and 24/7 messaging. With a patient satisfaction score of 95%. 

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