Maven plans fresh investment into fertility and virtual care platforms

The world’s largest virtual clinic for women’s and family health has raised US$125m to further develop its fertility benefits and virtual care platforms.

This brings Maven Clinic’s total funding to more than US$425m, with this latest round coming from existing investors General Catalyst, Sequoia, Oak HC/FT, Icon Ventures, Dragoneer Investment Group, and Lux Capital.

More than 2,000 employers and health plans globally utilise Maven’s digital programmes, which provide clinical, emotional, and financial support to employees. Focus areas span fertility, maternity, parenting, paediatrics and menopause. Clients include Amazon, Microsoft, AT&T, Morgan Stanley and L’Oreal.

Maven will use the funds to further invest in Maven Managed Benefit, its fertility benefits administration platform. It will also support the further development of its virtual care platform.

Kate Ryder, founder and CEO, said: “Over the last 10 years, Maven has created and scaled a comprehensive virtual care model in one of the most underfunded sectors in healthcare

“The next decade is about transformation. We now have the platform breadth, depth, and  data required to create the scaled change this industry so sorely needs. With each member supported, we continue to prove that to build better healthcare for everyone we must first build it for women and families.”

Maven Managed Benefit provides fertility education and “trying-to-conceive” coaching, giving couples a pathway to conceive without IVF, while also ensuring those who need IVF receive the support and benefits they need to reach a healthy pregnancy.

It has a network of 475+ fertility clinics which are integrated with virtual services, allowing members to get real time updates on their benefits and costs on the same platform they receive fertility education and coaching.

In the last year, Maven has become the largest fertility benefits provider globally by lives under management. Ryder founded the company in 2014.