Dealflow | September 9, 2021

Elvie scores $97 million to make health products for women

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, September 9 — The London-based company offers women tech-based products for pumping breast milk and pelvic floor health. “Our goal is to create the go-to destination for women’s health at all life stages, providing sophisticated, accurate and personalized solutions,” said Elvie’s Tania Boler.

The round was backed by BlackRock, BGF, Octopus Ventures, Hiro Capital, IPGL, Westerly Winds, Hiro Capital and Blume Equity, a women-led growth equity impact fund investing in sustainable food and health companies. 

The market opportunity for improving women’s health and wellbeing is projected to reach $50 billion by 2025. Mae raised $1.3 million in pre-seed funding to address health inequities for Black women who are pregnant. On-demand women’s and family health startup Maven secured $110 million Series D financing. Pumpspotting, which offers breastfeeding and other maternal health support via a mobile app, raised $1.15 million in seed investment.