A booming tech sector that many successful startups are emerging in but few know about

ivelina.biz
2 min readFeb 24, 2024

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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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