Midi Health secures US$14m to support women’s midlife health

The US virtual care clinic Midi Health has completed a US$14m seed investment to close the “midlife care gap” for women.

Currently providing insurance covered care for patients in California, the company will use the new capital to expand operations nationwide and launch partnerships with large hospital systems, as well as major US employers to support women navigating the midlife hormonal transition.

Hormonal changes through the menopause transition cause life-altering symptoms for 57 million American women, yet 75 per cent of those who seek care do not get the advice and treatment they need.

Many women struggle to find any support at all due to a worsening shortage of OB/GYNs and lack of basic menopause training.

Midi aims to close this midlife care gap with virtual care guided by physicians and researchers who oversee a network of nurse practitioners trained in women’s midlife health.

The company offers evidence-based interventions ranging from lifestyle coaching and supplements to prescription medications.

“There’s a huge unmet need in our healthcare system for women at this stage in life,” said Joanna Strober, CEO and co-founder of Midi Health.

“Many practitioners lack the training to manage menopausal symptoms and specialists have nine to 12-month waiting lists. We provide access to the most skilled professionals in female health.”

The funding round was co-led by Felicis and SemperVirens with additional investment from other women’s health investors including Emerson Collective, Icon Ventures, Operator Collective, Muse Capital, Steel Sky Ventures and Anne and Susan Wojcicki.

Allison Baum Gates, general partner at SemperVirens, said: “SemperVirens is proud to be partnering with Midi Health as they expand nationally.

“One million women reach menopause each year with little to no preparation for the hormonal changes which can significantly disrupt sleep, mood, energy levels and many other fundamental aspects of health.

“Midi has assembled the best team of experts to dramatically improve the current standard of care.”

Victoria Treyger, general partner at Felicis, added: “Healthcare for women aged 40+ is one of the largest segments of healthcare that has not been transformed by digital health.

“The power of Midi’s B2B2C model is that by partnering with health systems and employers, Midi can reach tens of thousands of women at scale in rural and urban geographies. We are thrilled to back the Midi team as they expand access to healthcare for women in mid-life.”