Twenty Outstanding FemTech Startups (2023). 20 Growing Health and Wellness Startups The word “FemTech” was first used by businesswoman Ida Tin in 2016 to describe goods and services that promote women’s health. The general interest in FemTech has increased. FemTech financing hit a historic $2.5B milestone in 2021, up from only about $750M the year before (a 3x increase).
FemTech firms strongly support the notion of being “built by women, for women,” and they are far more likely to be established by women. In fact, a study indicated that whereas Non-FemTech companies tended to be around 20%, more than 70% of FemTech companies included at least one female founder.
20 Impressive FemTech Startups In 2023
In this article, you can know about 20 Impressive FemTech Startups In 2023 here are the details below;
It is obvious that FemTech is here to stay. It would be interesting to observe how these FemTech startups continue to expand given that some industries are expected to reach billion dollar valuations, such as the menopause industry, which is pegged at $600 billion.
1. Womaness
5-year increase in searches: 1400%
Growth status of searches: regular
founded in 2020
New York, New York
$4M (Seed) in funding
The company Womaness provides a range of menopause goods. This covers cosmetics, dietary supplements, and goods for sexual and feminine hygiene. The startup also runs The Ness, a blog that provides information on the menopause.
2. Kindbody
5-year increase in searches: 99X+
Growth of searches is exponential.
Established in 2018
New York, New York
$181.3M in funding (Series C)
What they do: A healthtech startup called Kindbody, formerly known as the “Soulcycle of Fertility,” provides women with fertility services and therapies. The startup, which debuted in 2018 and now has 12 outlets across ten US cities, tripled its sales in 2021. Particularly, Kindbody provides IVF, donor support, egg and embryo freezing, and more.
3. Carrot Fertility
Search volume has increased by 1500% during the last five years.
Growth of searches is exponential.
founded in 2015
Place: Menlo Park, California
$114.2M in funding (Series C)
What they do: A B2B provider of fertility benefits, Carrot Fertility focuses on companies and health insurance. Employers can provide their staff with these advantages, allowing them to receive support (financial, medical, and emotional) while they make their way toward parenthood. Egg freezing, IVF, donor and gestational carrier treatments, among other specific offerings, are available. Currently, carrot is available in more than 50 nations on five continents.
4. Clue
5-year growth in searches: -21%
Growth status of searches: Peaked
founded in 2012
Location: Germany’s Berlin
Funding: $47.8M (Unknown Series)
What they do: Clue is a free fertility and period monitoring app that analyzes user data to forecast each user’s cycle. 4.8 stars have been given to the app on the app store, and it currently has 12M active monthly users.
5. Nixit
5-year rise in searches: 318%
Growth status of searches: regular
Established in 2018
Location: Ontario, Toronto
Finance: Not disclosed
What they do: Nixit is a femtech business that sells a menstruation cup that is intended to be a more pleasant and environmentally friendly option than conventional period products. Their reusable cup offers up to 12 hours of leak-free protection and is composed of medical-grade silicone. The business also wants to empower women by offering informational materials and assistance with menstruation hygiene and wellness.
6. Grace Health
5-year rise in searches: 42%
Growth of searches is exponential.
Founded in 2017
Sweden’s Stockholm is the place.
Investment: $2.4M (Seed)
What they do: Grace Health is a virtual clinic for healthcare. The app allows users to monitor their menstrual cycle and communicate with fertility coaches or medical professionals about their individual health requirements. The business wants to provide healthcare to the 1.2 billion or more women who own phones worldwide using an app that is only 7.5MB in size. There are currently 3.7 million app users overall, of which 29% are active users per month.
7. LactApp
5-year increase in searches: 3800%
Growth of searches is exponential.
founded in 2016
Location: Spain’s Barcelona
Finance: Not disclosed
What they do: LactApp is a breastfeeding-focused app for new mothers. As they start nursing, mothers can utilize the app as a virtual breastfeeding consultant to get their questions answered. According to a research, 73% of users who used the app, which is currently accessible in English and Spanish, said it “been key” or “improved” their breastfeeding experience.
8. Joylux
5-year increase in searches: 800%
Growth status of searches: regular
Founded in 2013
Place: Seattle, Washington
$21.8M in funding (Series A)
What they do: Joylux is a startup that focuses on menopause and seeks to address typical health problems that women encounter as they become older. The business sells wellness products named vSculpt and vFit Gold, the first and only smart gadgets that employ red light to enhance bladder function, sexual performance, and vaginal dryness. These products are technology-driven solutions. Also check BrandCrowd Alternatives
9. Every Mother
5-year rise in searches: 176%
Growth of searches is exponential.
Founded in 2013
Brooklyn, New York
$2 million (seed)
What they do: The Every Mother platform provides mothers with evidence-based fitness therapy. The program has been proved to correct diastasis recti and strengthen the core by putting a strong emphasis on core and pelvic floor movements. Any stage of parenthood can participate in the program.
10. Caria
5-year rise in searches: 42%
Growth status of searches: Peaked
founded in 2019
San Francisco, California
$200K (Pre-Seed) in funding
What they do: Caria is an app that offers tailored care to menopausal women. The application makes recommendations based on women’s experiences with an intelligent assistant, powered by data and AI. 85% of women who responded to user surveys claimed their symptoms became better after using Caria.
11. Allara Health
5-year rise in searches: 0%
Growth status of searches: Peaked
Founded in 2020
Manhattan, New York
Investment: $2.5M (Seed)
What they do: Allara Health is a telehealth firm that specializes in helping women with PCOS. The business charges a monthly subscription fee of $100. Patients receive a customized treatment plan and ongoing assistance from a care team after initially meeting with a doctor and dietician. About 35K women were either using the platform or on a waitlist as of summer 2021.
12. Ease Healthcare
5-year rise in searches: -15%
Growth status of searches: Peaked
founded in 2019
Singapore, Singapore is where.
Investment: $1.3M (Seed)
What they do: The healthtech business Ease Healthcare provides women with sexual and reproductive care. A doctor gives a patient the right medication after they complete an online consultation. Treatments are discreetly packaged and given right to the patient. There are currently approximately 30,000 platform users.
13. Elektra Health
5-year increase in searches: 200%
Growth status of searches: regular
founded in 2019
New York, New York
Financed with $3.8M (Seed)
What they do: Elektra Health is a platform for healthcare geared at perimenopausal and menopausal women. The start-up provides support for asynchronous messaging, virtual care visits with menopause specialists, and symptom-based programs. By November 2021, Elektra Health stated that 94% of the women who took part in their specialized Meno-morphosis program had a better attitude about the menopause.
14. Maven Clinic
5-year rise in searches: 352%
Growth of searches is exponential.
founded in 2014
New York, New York
$292,8 million (Series E)
What they do: The B2B digital healthcare clinic Maven Clinic focuses on prenatal, perinatal, and postpartum care. The firm supplies a wide spectrum of services, including support for IVF and egg freezing as well as on-demand video doctor consultations. Maven Clinic has treated 10 million families in 175 nations as of April 2022. Also check Flipsnack Alternatives
15. Elvie
5-year increase in searches: 609%
Growth of searches is exponential.
Established in 2018
Location: England’s London
$151.9M in funding (Series C)
What they do: Elvie is a healthtech business that specializes on creating tools for women to utilize in treating intimate health problems. Elvie offers many breast pump items as well as a kegel training tool, with a specific focus on moms. The Elvie breast pump was highlighted for its silent pumping and wireless features on TIME’s “Best Inventions” list in 2019.
16. Folx Health
5-year increase in searches: 1900%
Growth of searches is exponential.
founded in 2019
Boston, Massachusetts
$59.4M in funding (Series B)
What they do: Folx Health offers medical care that is especially suited to the needs of the LGBTQ+ community. The firm provides memberships for hormone therapy, sexual health goods, and more thanks to a network of queer and trans specialists who are aware of the health requirements of the LGBT community.
17. Simple Health
5-year rise in searches: 108%
Growth status of searches: regular
founded in 2015
New York, New York
$26M in funding (Series B)
What they do: Simple Health provides women’s health goods and birth control to the 19 million women who don’t have convenient access to contraception. Patients are given instructions for the birth control method that best suits their lifestyle following a virtual consultation with a doctor. Orders are automatically filled for refills, and free delivery is provided to the patient’s residence. This is another FemTech Startups.
18. Flo Health
5-year rise in searches: 100%
Growth of searches is exponential.
founded in 2016
Location: England’s London
$75.5M in funding (Series B)
What they do: The business that developed the menstrual app Flo is called Flo Health. The software gives women useful details on each phase of their reproductive cycle using data science and AI. The app store’s Health & Fitness category’s most popular app in 2019 was Flo.
19. Vira Health
5-year increase in searches: 300%
Growth status of searches: regular
founded in 2020
Location: England’s London
$12.8M in funding (Series A)
What they do: The 1 billion women who are going through menopause want to live longer thanks to Vira Health. The group developed Stella, an app that provides a 12-week therapy schedule for menopausal symptoms. For additional support, users can also meet with a coach.
20. Illumigyn
5-year rise in searches: 0%
Growth status of searches: Peaked
founded in 2012
Location: Israel’s Neve Ilan
Funding: $33M (Unknown Series)
What they do: What they accomplish is develop the first remote gynecological imaging system in history. The Gynescope device records data on the vagina, cervix, and external genitalia digitally for more precise pap smears. The firm wants to provide women with safe and dependable gynecological exams wherever there is a local scarcity, as there is only 1 OB/GYN for every 3,000 women over the age of 15 in the United States.
Conclusion
This finishes our list of FemTech startups expected to develop significantly in 2023.
These firms are clearly addressing some of the most prevalent healthcare challenges that women encounter, such as menstruation, fertility, delivery, menopause, and more.
Companies focus building a care team that supports patients in all facets of their healthcare journey and prioritize putting patients first. Additionally, they stress how crucial statistics and science are in helping their product or service.
Many are promoting a whole-body, science-based approach to healthcare.
We can only expect that more founders will continue to form FemTech companies to meet the healthcare needs of the more than 3.9 billion women who will require care at some time in their lives.