A booming tech sector that many successful startups are emerging in but few know about
A booming tech sector that many successful startups are emerging in but few know about:
Femtech.
(also, pay attention writers, great industry opportunity for a femtech niche writer!)
VC investment in femtech was over $1 billion in 2022, and in 2023 femtech companies were worth $28 billion+
⚫ Where does the term come from? ⚫
The term “femtech” was first coined in 2016 by Danish entrepreneur and author Ida Tin.
Tin came up with the term while brainstorming for a word that referenced companies building in women’s health so that it would bring legitimacy to male investors.
⚫ The femtech funding landscape ⚫
Leading North America maintains its position as the leading region for femtech VC investment, followed by Europe.
The top 5 US-based investors in femtech between 2018 and 2023:
🔶 General Catalyst
🔶 BoxGroup
🔶 Perceptive Advisors
🔶 New Enterprise Associates (NEA)
🔶 FirstMark
⚫ Femtech unicorns ⚫
There are 7 unicorns at the moment
🔶 Ro Health — valued at $7 billion
🔶 Myovant Sciences — $2.7 billion
🔶 Progyny, Inc. — valued at $2.7 billion
🔶 Kindbody — valued at $1.8 billion
🔶 Flo Health Inc. — valued at $1 billion
🔶 Maven Clinic — valued at $1.3 billion
🔶 LetsGetChecked — valued at $1 billion
⚫ VC funds and angel investors investing in femtech ⚫
🔶 Female Founders Fund
🔶 BBG Ventures
🔶 Serena Ventures
🔶 RH Capital
🔶 Amboy Street Ventures
🔶 FemHealth Ventures
🔶 Coyote Ventures
⚫ Leading femtech resources ⚫
🔶 Femtech Insider
🔶 Femstreet
🔶 FemHealth Insights
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