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Peter Thiel and Recharge Capital announce US$200m women’s healthcare fund

The firm says the funds will be deployed to invest in an end-to-end ecosystem within the women’s fertility value chain

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Lorin Gu, founding partner of Recharge Capital

The US private investment firm Recharge Capital has announced the successful closure of the first tranche of its Women’s Healthcare Investment Vehicle.

The company says this first tranche closure aims to take a novel private equity structure to align investors with a deployment schedule rather than the typical capital call model.

The vehicle, backed by investors including Peter Thiel of Thiel Capital, The Olayan Family of The Olayan Group, Blue Lion Group, The Al Rashid Family of the Salmira Investment Fund, Shamrock Holdings of the Disney Family and the Ozmen Family of the Sierra Nevada Corporation, is hoped to optimise “thematic-based” investments and set the stage for growth in women’s healthcare.

The funds, Recharge Capital says, will be deployed to invest, roll up, and create an end-to-end ecosystem within the women’s fertility value chain across Southeast Asia, Latin America, Europe, and the Middle East, with a primary focus on fertility medical tourism, menstrual wellness, and women’s disease prevention.

“Women’s healthcare, within our thematic-first investment framework, holds tremendous potential for both substantial growth and positive societal impact, as it addresses the needs of half of the global population,” says Lorin Gu, founding partner of Recharge Capital.

“With the support of our strategic partners and a team of expert investors, we are thrilled to spearhead global women’s healthcare and fertility through an innovative investment and operating structure that fosters effective value creation.”

The Sector Integration Vehicle, a brainchild of Recharge Capital, employs a milestone-driven approach, ensuring transparency for investors and clear execution plans, says Gu.

This newly established holding company aims to address “existing bottlenecks” in women’s healthcare and fertility services and provide enhanced care to patients worldwide.

Last year, the conservative campaign donor Peter Thiel came under scrutiny after he invested US$3.2m in the “anti-feminist” tracking app 28, with some critics saying his involvement in women’s healthcare is a “pretty big red flag”.

Mental health

New study explores why open water swimming feels so powerful for midlife women

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A team of UK researchers has published a new study examining how middle-aged, middle-class British women describe the effects of regular open water swimming on their wellbeing, including its impact on menopause symptoms and mental health.

The University of East London research uses in-depth interviews to understand women’s own accounts of swimming in outdoor water and how they feel it supports their lives.

The study looks at the patterns that emerged when women talked about what open water swimming meant to them.

Across the interviews, four themes appeared consistently.

Although menopause was never introduced by the researchers, several participants volunteered that cold water and the routine of swimming helped them feel calmer, more emotionally balanced and more in control during a major life transition.

Women felt it supported their mental wellbeing, with many describing a clear “reset” effect, a lift in mood, more energy and an increased sense of what their bodies could do, all expressed in their own terms.

They also spoke about health, strength and resilience.

Participants said the experience of swimming outdoors helped them feel more capable and better able to deal with difficult moments, including bereavement, illness and daily stress.

Finally, Interviewees emphasised the community around the lake and said that the confidence and clarity they gained often carried over into work, relationships and everyday decision-making.

This is the first qualitative study to examine open water swimming through “flourishing” a recognised psychological framework, and that participants’ accounts aligned closely with its components.

Mr James Beale is lead author and Programme Leader for the MSc Applied Sport and Exercise Sciences at the University of East London.

He said: “We are seeing a major shift in women taking up open water swimming, and many are now speaking openly about how it connects to menopause.

“Until now, this discussion has been largely anecdotal.

“Our study shows that women repeatedly link outdoor swimming with emotional steadiness, confidence and coping during this stage of life.

“That points to an emerging area of women’s health that deserves greater attention.”

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AHA invests in AI aimed at cardiology’s gender bias problem

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Ultromics, a developer of AI-driven cardiology solutions, has announced an investment from the American Heart Association’s Go Red for Women Venture Fund, a fund within American Heart Association Ventures (the venture capital programme of the American Heart Association).

The funding will support Ultromics’ mission to make early identification of heart failure a standard part of cardiac care, expanding access to its FDA-cleared AI platform.

Ultromics’ technology helps clinicians detect heart failure with preserved ejection fraction (HFpEF), a condition that disproportionately affects women and is too often missed until it’s advanced.

Tracy Warren is senior managing director, Go Red for Women Venture Fund.

Warren said: “Closing the diagnostic gap by recognising disease before irreversible damage occurs is critical to improving health for women—and everyone.

“We are gratified to see technologies, such as this one, that are accepted by leading institutions as advances in the field of cardiovascular diagnostics.

“That’s the kind of progress our fund was created to accelerate.”

Heart failure remains one of the leading causes of death for women, yet symptoms of HFpEF like fatigue, shortness of breath, and swelling are often dismissed or misattributed to ageing, weight or other conditions.

Studies show that women are twice as likely as men to develop this form of heart failure, and that up to 64 per cent of cases go undiagnosed in clinical practice.

The result is a diagnostic blind spot that leaves many women without access to new, life-prolonging therapies now proven to reduce hospitalisations and improve survival.

Ultromics’ AI helps detect the subtle changes in a cardiac ultrasound that mark the earliest stages of heart failure.

EchoGo Heart Failure is built on one of the largest echocardiography datasets in the world, representing a diverse population of patients.

The technology analyses routine ultrasound scans to quantify heart function and identify patterns that signal HFpEF.

By validating against diverse outcomes data, the system sees early signs of disease even when symptoms are not obvious.

The technology aims to give physicians an objective, accurate report within the same workflow hospitals already use.

Ross Upton, PhD is CEO and founder of Ultromics.

He said: “By augmenting physicians’ decision making with EchoGo, we can help them recognise disease at an earlier stage and treat it more effectively.

“Heart failure with preserved ejection fraction is one of the most complex and overlooked diseases in cardiology.

“For too long, clinicians have been expected to diagnose it using tools that weren’t built to detect it, and as a result, many patients are identified too late.”

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New research centre aims to tackle gender health gap

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Wales has opened its first women’s health research centre, backed by £3m to tackle health inequalities through research and innovation.

The centre, led by Women’s Health Research Wales, marks the first anniversary of the Women’s Health Plan for Wales, published in December 2024.

First minister Eluned Morgan and minister for mental health and wellbeing Sarah Murphy visited staff, researchers and collaborating communities at the launch.

The work covers prevention, early-onset conditions, rare diseases and care for under-served communities.

The centre brings together researchers, NHS partners, industry, policy makers and communities to develop more effective treatments and ensure services meet women’s needs throughout their lives.

It is designed to strengthen investment in women’s health research, including representation in clinical trials.

Morgan said: “I am passionate about improving women’s healthcare.

“To do that, we must invest in research to gather the evidence we need.

Morgan added: “I am delighted to see how the Welsh Government’s £3m investment, through Health and Care Research Wales, is supporting research based on the experiences of women.

“This will result in better care and better health outcomes for women.”

Projects in development include exploring symptom reporting tools to help manage conditions such as diabetes, heart failure and chronic obstructive pulmonary disease.

Researchers are also investigating how chemicals in menstrual products might affect health, ways to help young people stay active during periods, and pathways to prevent people with polycystic ovary syndrome developing conditions like diabetes and heart disease later in life.

Other projects are exploring fertility issues, including a decision-making tool for women with kidney disease considering whether to have children.

One project is working with women undergoing fertility treatment, investigating why this can lead to mental health issues such as PTSD (post-traumatic stress disorder), with the aim of creating guidance for trauma-informed fertility care.

Morgan said: “This innovative new research centre is a key part of the Women’s Health Plan and will help us better understand women’s experiences.

“It will lead to more effective treatments and make sure that our health service delivers improved outcomes for women in Wales.”

Debbie Shaffer is founder and director of Fair Treatment for the Women of Wales and chair of Women’s Health Wales Coalition.

Shaffer said: “Research into health issues experienced by women throughout the life course is vital.

“By working co-productively, in partnership with women and communities, we have a fantastic opportunity to reduce health inequalities and improve treatment options and support.

“We look forward to helping facilitate more opportunities for those with lived experience, whose voices may not have been heard before, to get involved.”

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