Hormonal health
Brazilian femtech start-up secures pre-seed round in male-dominated VC space
The financing is hoped to help the company expand its online platform to support women in Brazil
A Brazilian femtech start-up has announced a female-led pre-seed funding round worth over US$190k to advance sexual health.
Feel, a company based in Sao-Paulo, develops sexual wellness products to help women have more ‘trust, autonomy and freedom’ over their bodies.
The new round, reported by Forbes, was led by Brazil’s largest female angel investment network Sororitê.
Expected to close early in 2023, the financing is hoped to help the company expand its product and platform development.
Only 4.7 per cent of Brazilian start-ups were founded exclusively by women, almost 20 times less than those with only male founders, according to the Female Founders Report 2021, a study published by innovation hub Distrito in partnership with Endeavor and B2Mamy.
The report suggests that for 60 per cent of female entrepreneurs, the main challenge faced is scaling the business, followed by the validation of the business model (56.4 per cent), the lack of good connections with investors, mentors and other entrepreneurs (44.6 per cent) and the difficulty in attracting investments (38.8 per cent).
The investment gap is due to several factors, including gender inequality in the venture capital industry and the unequal allocation of capital between male and female-led companies, the study has found.
Around 72 per cent of the female founders who went through the fundraising process said they had suffered moral harassment, mainly related to gender and maternity issues.
Additionally, more than 60 per cent of Brazilian entrepreneurs said they have been asked by investors if they “would be able” to run the business, 45 per cent if they “knew basic technical terms” and 14 per cent if the company “has a man in the corporate board”.
With 90 per cent of funding coming from female investors, Feel says it will become the start-up with the largest number of female investors in the country.
“Our segment is particularly challenging because it addresses a pain realting to a taboo and a general lack of information,” Marina Ratton, Feel founder, told Forbes.
“There are very few studies focusing on sexual wellness, even though it is a pain th majority of the Brazilian population faces in some form or another.”
Erica Stul, co-founder and investor at Sororitê, said: “Investors tend to analyse the entrepreneur and their thesis.
“In this case, what Feel brings is an immediate connection to a pain that is very much connected to women’s everyday lives and that is not fully understood by male investors. It was a pitch [female backers] could relate to, and made total business sense.”
Feel offers a range of products dedicated to women’s sexual health and wellbeing “developed from constant dialogue with the women’s community” to help them become more knowledgeable around their own body and intimacy.
Insight
Topical HRT protects bone density in women with period loss – study
Transdermal HRT best protects bone density in women with functional hypothalamic amenorrhoea, a condition that stops periods, a review of trials has found.
The meta-analysis pooled randomised clinical trials involving 692 participants and found transdermal hormone replacement therapy and teriparatide increased bone mineral density by between 2 and 13 per cent.
Functional hypothalamic amenorrhoea can follow anorexia or intense exercise. Bone mineral density measures bone strength and the amount of mineral in bone.
Around half of women with the condition have low bone mineral density, compared with about 1 per cent of healthy women, and their fracture risk is up to seven times higher.
The research was conducted by scientists at Imperial College London and Imperial College Healthcare NHS Trust.
Professor Alexander Comninos, senior author of the study and consultant endocrinologist at the trust, said: “Bone density is lost very rapidly in FHA and so addressing bone health early is very important to reduce the lifelong risk of fractures.
“Our study provides much needed comparisons of all the available treatments from all available studies.
“Clearly the best treatment is to restore normal menstrual cycles and therefore oestrogen levels through various psychological, nutritional or exercise interventions – but that is not always possible.
“The foundation for bone health is good calcium and vitamin D intake (through diet and/or supplements) but we have additional treatments that are more effective.”
When FHA is diagnosed, clinicians first try to restore periods through lifestyle measures, including psychological and dietary support, but these can fail. Guidelines then recommend giving oestrogen, though the best form was unclear.
The team reviewed all prior randomised trials comparing therapies, including oral and transdermal oestrogen, and also assessed teriparatide, a prescription bone-building drug used for severe osteoporosis.
They found no significant benefit for oral contraceptive pills or oral hormone therapy.
A recent UK audit reported that about a quarter of women with anorexia-related FHA are prescribed the oral contraceptive pill for bone loss; the study suggests using transdermal therapy instead.
Comninos said: “Our goal is simple: to help women receive the right treatment sooner and to protect their bone health in the long-term.
“We hope this study provides clinicians with better evidence to choose transdermal oestrogen when prescribing oestrogen and so inform future practice guidelines.
“Right now, millions of women with FHA may not be receiving the best treatments for their bone health.”
Entrepreneur
US startup builds wearable hormone tracker
Menopause
IBSA UK launches non-hormonal injectable for menopause symptoms
IBSA UK has introduced Hyaluxelle, a non-hormonal menopause treatment for vulvo-vaginal atrophy, easing vaginal dryness and pain during intercourse.
Hyaluxelle is given as deep intradermal injections to the vulvar vestibule, the area at the vaginal opening, in two sessions one month apart, followed by clinical reassessment.
IBSA UK is the UK subsidiary of Swiss pharmaceutical company IBSA.
Vulvo-vaginal atrophy is a key feature of genitourinary syndrome of menopause, a long-term condition caused by low oestrogen that affects genital, urinary and sexual health.
At least half of post-menopausal women are affected, yet many do not seek help, often assuming symptoms are part of ageing.
The condition stems from thinning and drying of vaginal and vulval tissues linked to low oestrogen, leading to symptoms such as dryness, discomfort, altered pH and pain during intercourse.
Hyaluxelle combines high and low molecular weight hyaluronic acid, a moisture-retaining substance found naturally in the body.
The company says this creates a lower-viscosity injection at what it describes as the highest concentration available in the UK, supporting tissue hydration, firmness and elasticity.
The formulation is said to rehydrate the vulvar vestibule and create conditions for restoring tissue structure through collagen and elastin production.
Clinical studies indicate Hyaluxelle improves several vulvo-vaginal symptoms, including reductions in discomfort and pain during intercourse.
Studies also report gains in sexual function domains and a positive trend in some aspects of health-related quality of life.
Histological analyses suggest increased epithelial thickness, enhanced tissue regeneration and reduced inflammatory infiltration after the procedure. In studies, the treatment was well tolerated with no reported major complications.
Joanna, a 59-year-old woman living with severe symptoms, described the personal impact of delayed diagnosis.
She said: “I lived for years with pain, UTIs, cystitis and a loss of sensation, but every visit to my GP, even a female GP, was treated as a bladder issue.
“Nobody suggested it might be linked to the menopause or joined the dots, and none of the treatments I was given helped. Without the right information or support, I became desperate for answers.
“The symptoms affected everything, what I wore, how I exercised, how I slept, but the hardest part was the impact on intimacy with my husband.
“I withdrew from our relationship because I was scared sex would hurt, and the loss of closeness was devastating, and I no longer felt like myself.
“Women deserve clear explanations and real options when their symptoms are not getting better.”
IBSA says Hyaluxelle offers clinicians an option for women whose symptoms persist despite first-line therapies, or for those who cannot receive or choose not to receive hormonal treatments.
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