Instead, they are taking a cue from the younger Millennial and Gen Z founder generations that are making waves in this space.. Going through a fertility journey or becoming a parent is not a rare thing. Step two? For comparison Hims, just one company that targets erectile dysfunction among other male concerns, has raised nearly $160M and was most recently valued at $1.6B. We love connecting with our customers directly and bringing impactful solutions right to their doorsteps, but wed also like to see the conversation at the forefront in this age group in medical practices, wellness clinics, integrative medicine outlets, and any larger marketplace that can provide easy access to resources and product. An equally gorgeous vase wouldnt hurt too., Why Allison picked this item: My daughter spilled the beans to me that she got, and made me, a Lego Succulent and my mom got the Lego Orchid- I love that she made it AND its actually beautiful in the house., Why Marissa picked this item: Lewis is the cutest baby products, always a fresh take on a sweet way to welcome a new family member. A recent Chartered Institute of Personnel and Development (CIPD) survey reported that three out of five (59%) working women between the ages of 45 and 55 who are experiencing menopause symptoms say it has a negative impact on them at work, and nearly a third of women in the survey said they had taken sick leave because of their symptoms. According to PitchBook data, femtech startups have raised more than $498 million in 2019 alone; however, only 5% of femtech startups address menopause, a market which is estimated to reach $5.3B by 2023. Only 36% of respondents felt moderately or very prepared for menopause, Women want to feel better prepared for menopause and want more clarity on what treatments will actually help alleviate their symptoms. The branding and messaging is absolutely spot on. There are two broad types of hormone therapy systemic hormone therapy and low-dose products. There is also opportunity for communities to form around menopause, with 71% of respondents indicating they would benefit from such a community. Bethany Biron. We raised both our seed round and our series A during the pandemic, which has been quite a journey. According to a Female Founders Fund survey from 2020, more than three-quarters (78%) of women surveyed said menopause had interfered with their lives and nearly two-thirds (64%) felt unprepared . Female Founders FundFFFFemale Founders FundFFF! Thats $3.54B out of $110B invested globally. Borski fund a Dutch 40m fund investing in female entrepreneurs or gender-first startups. The top ten symptoms that respondents indicated experiencing are as follows: hot flashes (80%), night sweats (77%), sleep disorders (71%), loss of libido (70%), mood swings (69%), fatigue (67%), weight gain (67%), irregular periods (64%), bloating (63%) and difficulty concentrating (63%). Our key hires are in Partnerships, Lifecycle Marketing, Design and Operations. Brooklyn/mom founded!, Why Emily picked this item: Ive recently found myself longing for the simpler, flip-phone times of my youth. Foley said she and her partners see more womens health and wellness opportunities ahead given the size of the population and dollars spent in the category. It also helps that the company is female founded and uses fair labor practices., Why Kell picked this item: I love to support this iconic East Village witchcraft store opened in 1982 I like to purchase the money candles for founder friends who are raising. This is an incredible go-to for ideas about how to manage menopause and finding healthy pathways as we age., Why Tandice picked this item: Ive been loving the new clean makeup line by star makeup artist, and founder of Stila, Jeanine Lobell. With the focus on addressing underserved areas of healthcare - like fertility, menopause, and mens health, their users are regular people, going through very common stages of life, which creates ups and downs in their health. The Daily Vaginal Lotion has a cult following for good reason it is formulated with super nourishing plant extracts for immediate hydration and relief from vaginal dryness (95% of women reported an improvement in hydration after 1 day of use,) plus skin-critical vitamins to help rebuild the skin moisture barrier over time. 71% of women in their research indicated they had a negative experience when seeking care for menopause. In 2014, we created Female Founders Fund with one simple belief: women will build the companies of tomorrow. Please consider joining us on our mission to change the change. Kirstie Alley died from colon cancer, a silent disease that usually doesnt have symptoms until its too late. This platform currently in private beta offers evidence-based pathways for managing symptoms, private community support including weekly groups, and 1:1 text access to a dedicated menopause expert. Menopause is certainly not a 'niche' thing, with 51% of the world's population certain to experience it. For the business, we will seek out new ways to deliver on this mission, including products to further support areas of the underserved need and community tools that can offer even more personalized support. You can even customize the jars!, Why Allison picked this item: For your friend with a sense of humor. Empathy for our community is a must. Her background is in academia; she is a chronic disease epidemiologist and an expert in behavior change. 2022 Fortune Media IP Limited. We invest in e-commerce, media, platforms, advertising and web-enabled services businesses. Thats more than a strategic market opportunity; its an unacceptable societal issue. Despite spending her career in healthcare, she is an engineer by training, studying first at Cambridge, before spending several years at MIT on a Ph.D./ MBA program. As we continue in hyper-growth mode, we are focused on building a passionate, best-in-class team to support our ability to deliver for our community and customers. The key to growing a business and building a brand is having true empathy for and a dynamic understanding of your customer. Since inception, Female Founders Fund has been tracking and investing behind both technological and business model innovation in women's health. Importantly, Elektra provides a safe online space for women to connect with, support and learn from each other. Though a reanalysis later revealed limitations of that earlier research on HRT risks, the dampening effect has persisted. Such changes will ultimately result in better, more effective, and indiscriminate products on the market, she concludes. From our survey, we learned that women are concerned about hormones and have a hard time finding products that work. The FDA recommended excluding women from clinical trials in 1977 and did not reverse that stance until 1993. When the kids were young, I started at Mattel. Were not just building the menopause aisle; we have an opportunity to redefine menopause itself. From Boots and Marks & Spencer to Simba and Always Discreet, GenM has over 30 brands on board as Founding Partners, all who are looking to lead from the front to normalize the conversation around menopause, thereby breaking the taboo for millions of women and those experiencing menopause, whether an employee or consumer. And thus, in 2020 Vira Health was born, shares Berchowitz. There is demand for innovation and we have seen a variety of different startups emerge to address the market need. Fifty-nine percent of postmenopausal women reported feeling relieved or happy, compared with 29% of menopausal women and 19% of perimenopausal women. She holds an MBA from London Business School and a BA from Vassar College. Partnering with responsible and forward-thinking companies, GenM helps them understand the needs of the menopausal market and better represent them in products, services, signposting, campaigns, and policies. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Dickinson admits that the pandemic impacted fundraising drastically both positively and negatively. Were not here to help her get by; were here to help her grow and thrive through this midlife awakening. From a product standpoint, when asked what menopause product has been or will be the most beneficial, the top response was that women do not know (75), followed by hormones (37) and supplements (30). Anu is the Founding Partner of Female Founders Fund. According to the AARP, only 20% of OB-GYN residency programs in the U.S. offer training in menopause. I love serving festive drinks while hosting, especially during the holidays, but dont always want to default to alcohol. Half the population is going through a shared experience they are not encouraged to actually share. Nowadays, those people are in the midst of their careers, juggling relationships, caring responsibilities, and very much wanting to live life to the full for several decades ahead. However, advertising is often difficult for femtech companies as platforms such as Facebook block ads for menopausal products, deeming them too adult. Art is so personal and discovering an art piece that speaks to you is so satisfying. Fredas Period+ pads offer users a unique hybrid product, designed to provide the coverage needed for mild-to-medium bladder weakness, periods, or for anything in-between. Nearly half (45%) the women surveyed didnt know the difference betweenperimenopausethe transitional period leading up to menopauseandmenopauseitself, the biological process that marks the end of a womans menstrual cycles. We are going to explore the most interesting findings from that survey below. Your veggies and proteins will be crisped to perfection in under 20 minutes, which means you can now mark home-cooking off of your wellness to-do list., Why Kaitlin picked this item: I meant to buy this during the summer but never got around to it (I am not great at buying things for myself). The Helm US early-stage venture firm backing women, with 15% of its $25m fund available for Europe. Women are conditioned to fear menopause as a depressing sign of aging, but ironically, it has much more in common with puberty. Adrianna spent eight years in tech, most recently as co-founder in Alphabet's Startup Incubator. Opinions expressed by Forbes Contributors are their own. Turning off our computers and getting outside can be immensely beneficial for your mental and physical health and I want to help make it fun for them. Women in the Bonafide survey were cautious about HRT; 72% were familiar with HRT but 65% said they would not consider using it unless their provider recommended it (32%) or a new clinical study emerged proving its safety (29%). Every woman will experience menopause which lasts on average 410 years, and costs an average of $20k in trial-and-error spending on prescriptions, doctor visits, treatments, devices and products. They work!, Why Anu picked this item: As an amateur gardener, I am obsessed with these hand-carved bronze gardening tools by Flamingo Estate., Why Allison picked this item: Id love basically anything from Food52 but this year I want to get these Stackable Wine Glasses perfect for a dinner party., Why Katina picked this item: Im loving this Staub Petit French Oven Rice Cooker. Some of these women have gone through and some will go through menopause. Female Founders Fund2013Female Founders Fund22022-04-20, Boss Beauties440.00. While male-focused brands like Roman and Hims are able to run ads on Facebook for products that enhance male libdio and mention erectile dysfunction and condoms, there is a double standard. Female Founders Fund is a seed stage venture fund that invests exclusively in female-founded companies. Why? Women deserve better, and we are optimistic about the opportunity for innovation to drive impact. For one woman, vaginal dryness may be the primary concern, but for another, it could be sleep-disrupting night sweats. The menopause tech revolution is long overdue, yet finally beginning. A Yale University review of insurance claims, however, found that while 60% of women draw attention. Most (73%) women reported that they were not currently treating their menopause, which included hot flashes (16%), weight gain (15%), difficulties with sleep (14%), and night sweats (14%), among others. Women in this life stage continue to be sorely underserved, says Female Founders Fund investor Adrianna Samaniego. Our hope is that the increasingly open discourse on topics such as menopause in recent years will drive investment and spur significant advancement in healthcare, technology, and policy. 78% of respondents indicated that menopause interferes with their lives, and 23% of respondents indicated that menopause impacted their lives either a great deal or was completely debilitating. Emily is a Board Member for the Global VC Platform Community. Meet eight female founders and entrepreneurs who are shaping the future of . Of the $254 million invested in technology for womens health over the past decade, only 5% has gone to menopause treatments; the lions share of that funding was devoted to reproductive health and fertility. In addition to menopausal women, many people are affected by chronic hot flashes and night sweats, including cancer patients and survivors, due to chemotherapy treatments and a variety of medical conditions and treatments, such as hysterectomies, which is an extremely common surgery for women. Deciding to build a company was a reaction to reading the book Invisible Women by Caroline Criado Perez in 2019. For us that means delivering education, community, and products that ACTUALLY work as demonstrated with clinical studies, consumer testing, and community feedback, to support a time in our lives when we need to find new ways to manage our changing bodies. I thought why cant we create a home-use device to tighten the vaginal canal and restore the health of the vaginal tissue using the same energy-based technologies that we do in facial aesthetics. We are really excited to bring the patented, innovative lotion applicator to the market. Five years later in2019, 2.7% of venture capital dollars went towards companies with female entrepreneurs. They also invest in e-commerce, media, platforms, advertising, and web-enabled services businesses. By 2030, the median age in the U.S. will be 40, up from todays 37, and there will be more women between the ages of 40 and 64 than women under 18, according to the 2017 U.S. Census projections. There is a huge opportunity to be had here and its time that businesses woke up to that.. We saw an enormous need and opportunity for a home-use solution that is affordable, safe, effective, and hormone-free, explains Courtion. As one respondent put it I have continued to experience multiple menopause symptoms and wonder if it will ever end. Like most women, she was unaware and ill-prepared for the physical changes that happen after childbirth and with age, especially with our vaginal health. But these symptoms are not symptomatic only for menopause. There, she studied International Relations and Management while serving as two-year captain for the university soccer team. Female Founders Fund is an early-stage fund investing in technology companies founded by women. The Chicken Masala and Steak & Stout are delish!, Why Kaitlin picked this item: Im excited to buy a wine club membership for a year from a minority owned winery founded by one of the most respected sommeliers and a designer. Earlier this year, Female Founders Fund conducted research concluding that "responding to the needs of women experiencing menopause is a $600 billion opportunity for companies". In addition to the treatment plans, the Stella platform has articles, recipes, mindfulness meditations, exercise suggestions, and access to virtual events such as yoga classes or a Q&A with a gynecologist. And this product (compared to competitors) can grow along side your infant for years. Men's health issues are widespread but often swept under the carpet, too. Serving people in menopause is a health and wellness category that should have always existed. We were drawn to CEO Catherine Balsam-Schwabers ability as a leader, as well as the efficacy and research behind Kindras products. Emily joined Female Founders Fund in 2018. Joylux is focused on improving womens lives by applying innovative technology-driven solutions to common intimate health issues women face as they are aging and is one of the early pioneers in menopausal health with its home-use intimate wellness devices, vSculpt, and vFit Gold the first and only smart devices that harness the power of red-light to improve sexual function, bladder function, vaginal atrophy, and dryness. I learned firsthand how vast and debilitating menopausal symptoms can be, especially hot flashes and night sweats.. Refresh the page, check Medium 's site status, or find something interesting to read. Women can chat with Caria's intelligent assistant to find guidance on where they are in the menopause journey, and get personalized recommendations to manage their symptoms. I love that they even protect my ankles and actually fit my feet! Take a person who is coping with sleep disturbances and urinary incontinence. All elements of My Modern Menopause, from the home-kit blood tests to the labs we use to process them, to the information we curate in terms of advice, are all subject to a similar level of scrutiny, explains Parvizi-Wayne. Follow this author to stay notified about their latest stories. We plan to continue to push the envelope on wellness in this phase of life.Over the next 5 years, I believe the market will be a much more seamless integration between all kinds of modalities of care in womens health. Over the past twelve months we have seen an increasing number of startups in the menopause space, yet in our due diligence we found a surprising lack of existing research on what consumers want and need. Menopause is defined as as the end of a womans menstrual cycle and is diagnosed after a woman has gone 12 months without a menstrual period. 1.1B women throughout the world will be postmenopausal by 2025. She is a Board Observer for ELOQUII, Maven Clinic, and Landit, and a Board Member for WinkyLux and The Rubin Museum of Art. Astia US firm focused on women-led startups with one GP in the UK. This is all I want this year!, Why Kaitlin picked this item: I cant justify personally buying this, but it is just too pretty in these bright colors and maybe it would make me not procrastinate as much., Why Caroline picked this item: Ive been wanting to learn to roller skate and fun colors like these make me dream of doing loops around the park once the weather is better!, Why Lisa picked this item: The Wild Berry & Bramble diffuser is my absolute favorite. At its core, Elektra supports and cares for women navigating the perimenopause and menopause journey. For menopause in particular, it appears Gen X and older Millennial women are no longer settling for the legacy productslike Depends panty linerspreviously available to them and their mothers, Foley said. Women want and deserve better informed and communicative doctors, more information around what products and lifestyle interventions work, and a community to support them along this important life transition. Women are not just small men, and there is much work to be done to better understand and serve 50% of the population. Attention Grace provides bladder leakage solutions. Too cute to drink but too refreshing not to, these unfiltered, biodynamic wines feature bold & surprising flavors for your favorite oenophile, and whimsically delicious labels for your favorite brandophile. Only 36% of respondents felt moderately or very prepared for menopause, which is unsurprising given nearly the same number of respondents get information and support around menopause from friends (131) as they do doctors (149). The key to tapping into the enormous potential of the menopause market is to demystify, destigmatize, and normalize what is only perfectly natural. A nuanced approach to non-toxic ingredients and intuitive design. Re-learning our bodies inside and out before, after, and during this transition provides the foundation for immeasurable growth and understanding in health and wellness. Why Allison picked this item: "For your friend with a sense of humor. Sep 20, 2021, 6:28 AM. Since inception, Female Founders Fund has been tracking and investing behind both technological and business model innovation in womens health. How to Set Up Payroll Processing for a Small Business, Visible Hands Announces 51 Founders Participating in 2022 Flagship Accelerator, Building High-Tech Products for Non-High-Tech Industries. The days of underinvesting in menopause may be coming to an end. While we are encouraged by the startups beginning to emerge, menopause is a $600B+ opportunity that is still largely untapped. Kindra is a [not-so] radical approach to self-care in menopause. The long-term value of our customers is clear. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell My Personal Information| Ad Choices I love this set because it looks beautiful on my bar cart and contains only the bar tools that you really use none of the riff raff items that just take up space., Why Sarah picked this item: As a mother of 4 there is nothing I value more than a good nights sleep. As of. Some of their investors include Gingerbread Capital, Portfolia, BELLE Capital, Golden Seeds, and many angel investors from the femtech space. What makes Caria different from other solutions is our personalized approach powered by data and AI. In the largest clinical trial to date, hormone replacement therapy that consisted of an estrogen-progestin pill (Prempro) increased the risk of certain serious conditions including heart disease, stroke, blood clots and breast cancer. A few of our strategic investors include Bumble Fund, Anne Wojcicki, Susan Wojcicki, Melinda Gates, and Katrina Lake. Its first product is Stella, an app that delivers relief from the symptoms of menopause. When finished, their glass bottles can also be re-purposed for vases, olive oil, vanilla, etc., Why Alice picked this item: Sending unique food gifts offers next level comfort, especially for those who are missing home or traveling., Why Chloe picked this item: I keep this at my desk to keep warm at my freezing office and you should too!, Why Chloe picked this item: Craving a trip to the spa for some well-deserved me-time? In the business world, its now widely accepted that diverse companies drive stronger public and private market returns. Anything in their line would be a great holiday gift for the Youtube beauty tutorial connoisseur in your life, but I think their makeup subscription card makes for an especially fun gift that keeps giving option., Why Chloe picked this item: Simply put, an air fryer takes your cooking game to other levels. Women entering menopause currently have two options to mitigate and manage their symptoms: hormonal therapy and diet/lifestyle modification. As a result of this shift, over $1 billion has been invested in womens health companies over the last 5 years. Menopause startup Kindra raised a $4.5 million seed round led by the Female Founders Fund. Terms & Conditions. Being able to discern across a wide age group, as early as 35 and even further along in the journey at 65+, is paramount to formulating products that target a very specific need. The company raised 1.5 million in seed funding so far from LocalGlobe, MMC Ventures, and angel investors including Megumi Ikeda, Managing Director at Hearst Ventures, Andrea Zitna of Elvie, former Spotify executive Sofia Bendz, founder of GoCardless Matt Robinson, and Simon Lambert, former CTO at MOO.com and Treatwell. While at Columbia she also led the Columbia University Black Pre-Professional Society as CEO. The menopausal transition can be challenging, but with more companies entering the space, were poised to see a boom in innovation and new support mechanisms created for people experiencing the hormonal changes associated with aging. We have curated nearly 15 bundles on our online store. What stood out to Rehman in the research she and her team conducted was the number of women who felt dismissed by the healthcare system. Indeed, only 41% of survey respondents have seen advertisements for menopause products. Television ads (36%) and Online/Social Media ads were the most frequently seen (36%). Heres Elon Musks tweet confirms hes added staff beds at Twitter HQbut insists hes just helping tired employees, YouTube primal living guru Liver King, who built a $100M fitness empire, admits hes actually on steroids, CA Notice at Collection and Privacy Notice. Why Lisa picked this item: Jiggy Puzzles have transformed and reinvented the puzzle industry with modern and beautifully designed puzzles. Pause provides skincare products for aging skin. Telehealth /Medical Platforms: Genneve, founded in 2015, is one of the older telehealth menopause care providers which raised a $4M seed round led by BlueRun Ventures. We heard over and over again that women were being misdiagnosed, told they were too young to experience menopause, or that their symptoms were in their heads. Systemic hormone therapy comes in the form of pill, skin patch, ring, gel, cream or spray form and typically contains higher doses of hormones that are absorbed throughout the body. There were a range of supplements taken by survey participants and they included black cohosh, maca, Promensil and 5HTP among others. Of all the products that we looked at, Kindra had the most extensive scientific research going into product development, patents, and studies to support product efficacy. Can early-stage finance be containerized? There are technically up to 34 of those challenges (we dont like to call them symptoms, because menopause is not a disease) you might face during menopause, so we developed a dynamic personalized quiz to help you assess which natural shifts are giving you the most trouble, understand where you are on your journey, and get the targeted support you need right now. I have been incredibly fortunate in this regard. Over the last seven years, weve invested in category-defining female-founded companies like Eloquii, Zola, Maven Clinic, Tala, and so many more. We can spend 40% of our lives in peri-post menopause, yet 90% of doctors have limited or no menopause training leaving many women both physically and psychologically left to go-it alone. Some customers start with just one product, but pretty quickly jump to a bundle depending on their need. One-fifth (20%) of women surveyed had experienced symptoms for a year or more before being assessed by a healthcare provider and 34% had never been formally assessed or diagnosed as menopausal. Its a great gift for new parents entering the fourth trimester theyve saved me so many unnecessary trip to the pediatrician and ER., Why Noria picked this item: This year, Im thinking about over-the-top playful gifts that are maybe a little zany because we need more joy and good zaniness. Intimate health issues often get exponentially worse as women approach perimenopause and menopause. The union of M13 Launchpad, P&G Ventures, and our Kindra team is the engine that made it possible for Kindra to hit the ground, not just running, but sprinting into the market. The experience inspired me to speak with hundreds of women and experts to learn more about why that is. So far, Caria has established partnerships with major payer and pharma companies including UnitedHealthcare, Bayer, and Novartis, and has partnered with the University of Illinois at Chicago to launch a clinical trial to study the efficacy of its proprietary care protocol in relieving symptoms of menopause. Vira Health approaches menopause with two main premises - first, everyones menopause experience is different so each treatment plan is personalized to specific symptoms and learning, and lifestyle preferences, and second - a commitment to scientific and evidence-based solutions. Why do we even call this time in our lives menopause? Such treatments and surgeries often induce medical menopause with relentless hot flashes, explains Dickinson. First, I am thrilled to think that we are focused on building a menopause market. Supporting womens health is critical at all stages of our lives, but we know these later stages have not always received the attention they deserve. We believe strongly in the exponential power of exceptional female talent. Community/Content Solutions: Caria, founded in 2019 offers a community of support as well as symptom tracking. They sent me this information to share with you. This is what we mean by Kindra being a conduit easy, direct, targeted solutions, empowered by community and strengthened by the medical experts. And when we think about this market, there is a lot of white space to keep growing given the length of the menopause journey and the lack of support or options for people in the throws of it. I love the idea of switching to the light phone, which is designed to be used as little as possible, for weekends and trips in 2023., Why Kaitlin picked this item: My cousin started this company and I think it is one of the best gifts for new moms or younger kids. We were thrilled with the inbound interest from various startups innovating in the menopause space after we published our survey. More than half of all the menopausal women in the U.S. today experience one or more of these issues, from accidental bladder leakage to vaginal dryness and pain with intercoursewreaking havoc on their lives. She also gained investing experience while interning with Harlem Capital, Google, and Cleo Capital. I bought the exercise dress from Outdoor Voices last summer and it is my absolute favorite so I think the skort will be just as great!, Why Lisa picked this item: These savory hand pies are a nod to traditional British street food with the twist of South African and Australian flavors. Globally, menopause startups have raised $254 million to date since the start of 2009. This is a BETA experience. Were talking about a phase of life half of the people on the planet will go through. You cant go wrong., Why Christie picked this item: A perfect gift for the friend who wants to smash the patriarchy but needs caffeine first., Why Emily picked this item: This comforter is next level sooooo soft and cozy, temperature controlled, and the perfect weight. These female founders and entrepreneurs are shaping the future of the menopause industry by bringing [+] their innovative products and services to the market. This is my absolute favorite, founded by Pia Baroncini (who also founded LPA) it is liquid gold and the best on the market (trust me, Ive tried them all). Yet women start businesses at a rate 1.5x higher than the national average and dominate the workforce holding 56% of professional jobs. Supplements: Kindara provides non-hormonal nutritional supplements as well as lubricants. Hemorrhoids are a 21st century illness for which there is a solution! BRIGHTON, England, Dec. 5, 2022 /PRNewswire/ -- It's widely reported that female founded businesses get less funding than male, and while venture capital boomed in 2021, women-led start-ups. Many women dont understand menopause, when it happens, and even if they are in menopause at all. LOS ANGELES, June 15, 2021 /PRNewswire/ -- Kindra, a modern wellness brand for menopause essentials, announced today that it closed a $4.5 million seed funding round. While women have been seen as complicated and largely excluded from drug trials due to menstrual cycle fluctuations, men have been the default. To date, 94% of participating women respondents reported an improved menopause mindset after the Meno-morphosis program. Interestingly, even for non-hormonal alternatives, 53% of women would like products to be prescribed by their doctor. We are eager to work with health and wellness partners to offer our products, tools, and knowledge. In 2018, Anu was included in Fortunes 40 Under 40 list, and she has been praised for her impact in diversifying venture capital with additional distinctions including Business Insiders Ultimate List of Female Startup Investors, and Top 4 Venture Firms Investing in Women. Earlier this year, Female Founders Fund conducted research concluding that "responding to the needs of women experiencing menopause is a $600 billion opportunity for companies". Yes, were offering up science-backed solutions for your body, but were also offering a kind of support, knowledge, and encouragement that can only be found through the power of community. To better understand what consumers were looking for in menopause products and services, we did a survey of 250 women and learned that women lacked adequate information, community and products that addressed their symptoms effectively (read here for full study). This way, you can connect with human experts at the touch of a button, to access the support you can trust, anytime, anywhere, explains Pore. Attn . Thats an ROI we can all get behind. Female founders summit is a powerful one-day female founders fund event that gives women founders the opportunity to pitch their project or company to gain funding while learning insiders' secrets from successful entrepreneurs & investors. During this time, Caroline also assisted in managing leading comedians as a PR Intern at the Edinburgh Fringe Festival. Even the language itself is undeserving us. I look forward to forging new pathways to understanding and communicating this incredible right of passage in our lives, and in doing so, expanding the market to better holistically support the whole person. I also love that their oils are always fresh (non-blended) and organic. According to Contemporary OB/GYN, 90 percent of post-menopausal women experience painful sex due to dryness and atrophy, leading nearly 50 . In addition to offering world-class menopause care via telemedicine, Elektra offers an integrative digital platform called Meno-morphosis (sign up for the waitlist here!) Menopause marks the end of a womans menstrual cycle and is diagnosed after a woman has gone 12 months without a menstrual period. Paired with a companion app, Joylux is on a mission to inform, educate and follow women as they go through the changes that menopause brings. While there has been medical advancement in birth control and fertility options, menopause is an area that has seen little innovation, despite the considerable and often long-lasting impacts on womens everyday lives. I also love Ghias branding they usually do fun gifting packages this time of year. A curiosity and thirst for knowledge, and how to bring this to market in a meaningful way is critical. It was important feedback in consumer testing with menopausal women that arthritis and osteoporosis can contribute to trouble holding things sometimes (partly due to, again, the decline in estrogen). Follow this author to stay notified about their latest stories. I love timeless jewelry and the meaning of an heirloom that is passed down from generation to generation. Also, apparently one of Oprahs favorite things!, Why Tandice picked this item: This set has quickly risen to staple status in our kitchen with the easy squeeze bottle, and the differentiated cooking v. finishing oils, its hard to picture reaching for any other EVOO. We have assembled a world-class group of like-minded investors including both institutions and individuals. Additionally, when symptoms are variable week-to-week, day-to-day, and even hour-to-hour, only continuous regular remote monitoring will be able to elucidate the causes. According to a Female Founders Fundsurveyfrom 2020, more than three-quarters (78%) of women surveyed said menopause had interfered with their lives and nearly two-thirds (64%) felt unprepared for menopause. FHF cultivates innovation, validation, mentorship, and investment in women's health and wellness solutions (often referred to as femhealth or femtech ). Their digital platform offers proprietary symptom-based programs, telemedicine care from board-certified menopause specialists, and text-a-menopause-expert support. 00 Days. The amount of money women are spending on temporary solutions for these issues is astronomical. Joylux provides vaginal rejuvenation products. There are 15.5 million perimenopausal and menopausal women in the U.K. and around 1 billion worldwide. For my loved ones in NYC, Im heading to Bicycle Habitat for a rental., Why Christie picked this item: Because NYC people dont have room for Costco-sized refill packs., Why Lisa picked this item: It doesnt get any better than this balsamic vinegar. It is clear there is a huge unmet need and an opportunity for impact by creating a solution that can help women feel understood and supported on their journey. I joined NBCUniversals iVillage in my late 30s as I was trying to get pregnant and had my amazing twins. According to Parvizi-Wayne, expanding into menopause support was a natural progression of Fredas commitment to combating stigmas and 'blind spots' in society. My Modern Menopause was born out of her own experience of how the stigma around menopause is ageist as well as sexist and needs to be tackled with empowerment and education. You may opt-out by. When I finished reading it, it was completely clear to me that, without new innovators bringing the power of technology to female-only conditions, this wasnt going to change. Whether it is background information on ingredients, published clinical studies, or consumer research, we want our customers to feel empowered to share their regimens. Over the last seven years, we've invested in category-defining female-founded companies like Eloquii, Zola, Maven Clinic, Tala, and so many more. If we were able to shift public thinking so that people recognize the complex physical and psychological changes that the body undergoes during this time, we could also begin to appreciate it as a valuable transition into a new stage of life. For Simister and her cofounder Heather Jackson, menopause isnt a just diversity and inclusion issue - its also a business issue. Makes the entire room and home smell amazing., Why Adrianne picked this item: These robes are works of art and I love the sister duo behind the brand., Why Annie picked this item: I dont drink during the week and love when I go to happy hours that have Kin as a non alcoholic option. Since then, weve become the leading source of institutional capital for female founders raising seed capital with over $3B in enterprise value. Over the past twelve months we have seen an increasing number of startups in the menopause space, yet in our due diligence we found a surprising lack of existing research on what consumers want and need. We are more than our periods and fertility. So why do we focus on female founders? After speaking with nearly every player in the space operating businesses that ranged from telehealth, to supplements, to hardware we are pleased to announce our investment in Kindra, a company creating a new category in health and wellness with personalized regimens, scientifically-proven and consumer-tested estrogen-free products for women on their menopause journey. The formulation required years of trial and error, consumer testing, and adjustments in ingredient ratios to deliver the best, non-synthetic, natural supplement for menopause. My work has beautifully aligned with the stages of my life. We were meticulous in development down to the capsule selection vegan, gluten-free, free of toxic fillers. There has been such a huge emphasis on health and wellbeing, regardless of your work location, that the value of our proposition has now become obvious to our clients and to the investor market.. Alt to above product intro: Kindras line of estrogen-free essentials are formulated with clinically-studied ingredients and potent yet safe botanical extracts to provide full-range relief over time. The menstrual cycle is so far from being adult or pornographic, yet it is being censored as such. Womens reproductive health, regardless of the aspect you look at, has suffered from long-term and severe underinvestment. We recently sat down with Catherine to hear a bit about her experiences building strong brands prior to joining Kindra as CEO, how shes thinking about harnessing the power of the menopause market, Kindras potential to drive social change and empower women, her long term vision for the brand, and more. This age range means that menopause often hits women at the height of their careers, making menopause not only a concern for the physical and emotional wellbeing of women, but also the economic wellbeing of employers and nations. It helps me get the perfect quinoa or rice always fluffy and never sticky., Why Christina picked this item: More than ever, I think we can all do with a bit of joy, a lot of color, and a good laugh so that is what I plan to gift this year with things like this needlepoint pillow from Furbish Studio., Why Susie picked this item: Another European-inspired find Ghia is a non-alcoholic aperitif founded by Melanie Masarin. Santa Monica-based wellness platform Kindra announced Tuesday that it raised $4.5 million in seed financing led by the Female Founders Fund. The chart below shows the prevalence of symptoms in survey participants. 78% of respondents indicated that menopause interferes with their lives. We think there is a huge opportunity to utilize this for menopause too, concludes Simister. While there has been medical advancement in birth control and fertility options, not all areas have seen equal investment or innovation. Need to chill or detox? The Female Founders Fund considers menopause a $600 billion opportunity for companies. Thermaband's mission is to modernize menopause with science, sisterhood, and temperature-regulating technology. All Rights Reserved. Stressed mature woman massaging her neck. Jill Angelo, CEO, co-founded Gennev in 2016 after she surveyed 1,500 women about their menopause experiences and found that many were unprepared to start a conversation on the topic with their doctors, who often don't receive training on menopause. News about female founders and women in VC from a seed-stage fund that invests in the exponential power of exceptional female talent. 00 Minutes. For Kindra, we are poised to drive innovation and conversation around what has historically been a complicated, taboo topic for people to discuss. Adrianna formerly created and led Google's Global Supplier Diversity Program, creating over $1B in opportunities for women and minority owned businesses. The movement for more women in the boardroom will only be taken seriously when the decision-makers realize that companies with more female representation are more profitable than those without. Despite these stats, innovation for womens health in later life has been practically non-existent. Allison Conrad Arey Grey $ 99-$ 499 The Tushy Bidet. While there has been medical advancement in birth control and fertility options, not all areas have seen equal investment or innovation. On the other hand, the uncertainty of the pandemic has made it harder to hire top talent and continue weathering the supply chain storms to ensure that she and her team can meet the demand for their product. Anu began her tech career as a co-founder of Exclusively.in, a private sale e-commerce company backed by Accel & Tiger which was acquired by Myntra. This market is hugely underserved and is in need of targeted information and products. Even better, we learn from thousands of customers who take our quiz just what interferes with their health, wellness, or day-to-day life the most. My girlfriends are getting Skims bodysuits from me this year its appropriate for so many settings and flattering on any body., Why Elaine picked this item: As a new mom, Im a big fan of Summer Health you can now give others a year subscription to 24/7 on demand texting with a pediatrician. I get at least 20 minutes of uninterrupted work time out of this stimulating, organic cotton stuffed toy, and its infinitely cuter than the standard dog toy options on Amazon., Why Georgina picked this item: This year Ive been finding a lot of joy in art and there are so many pieces from Tappan Collective that I love! Thankfully, P&G Ventures recognized this massive market and started developing our innovative, targeted products years ago. June 16, 2021. photo: Kindra. In addition to bringing on new partners, GenM is now turning its focus to its second phase of research along with its thought leadership roundtables. This mattress is like sleeping on a cloud!. 6,000 women reach menopause every day, but that potential market is currently confused, frustrated, and very under-served. My husband certainly didnt know or expect me to have such mood swings or hot flashes or reduced libido or headaches and intense need for my own space and my own bed.. Reproductive healthcare still makes up 95% of the femtech investment space, with investment in menopause only accounting for 5% of femtech investment. moment. Jun 15, 2021, 12:30 ET. All rights reserved. This is an incredible go-to for ideas about how to manage menopause and finding healthy pathways as we age. This isnt about exploiting menopause by creating a load of products that dont add value, but among other strategies, theres a huge opportunity in simply signposting customers towards already existing products that help alleviate menopause symptoms. Just like the tech industry, the traditional healthcare system has also neglected womens needs beyond fertility and pregnancy.. According to the Faculty of Occupational Medicine, almost 8 out of 10 menopausal women are at work. life, shares Henderson. Laylas passion for supporting underrepresented communities inspired her to work with the Columbia Organization for Rising Entrepreneurs (CORE) and Almaworks, COREs startup accelerator focused on mentoring undergraduate and graduate student founders. Her Stella plan would combine cognitive behavioral therapy, sleep scheduling, pelvic floor exercises, and other guidance related to lifestyle and behavior change. As of 2021, the population of females in the world is estimated at 3.905 billion, representing 49.58% of the world population.Some of these women have gone through and some will go through menopause. As of 2021, the population of females in the world is estimated at 3.905 billion, representing 49.58% of the world population. We look for super sharp builders of missions, movements, and solutions. Competitors include The Cusp, founded in 2018, that has also raised a $4M seed round. Products: Thermaband and Embr provide temperature regulation for women experiencing hot flashes. Im a life-long womens health advocate. Its hard enough dealing with office vs. work from home outfits on the professional end but I also refused to be the hoodie wearing person. As female investors & operators, we are tracking cultural shifts and identifying opportunities with greater relevance, and with empathy for the founders unique journey and perspective. 36% of respondents would prefer to purchase non-hormonal alternatives directly from a company followed by 31% who would prefer to purchase products over the counter in a store. The biggest opportunities, the investors found, are products like creams and supplements meant to target aging; telemedicine; and digital communities for women in this demographic to connect to. When we stay silent, everybody loses. Meet 8 Female Founders Disrupting The $600 Billion Menopause Market. Hormonal changes during menopause typically bring unpleasantsymptomsand indignities: hot flashes, sleep disruption, thinning hair, and vaginal dryness to name a few. Suffering in Silence: The Biases and Data Gaps of Menopause | by Female Founders Fund | Female Founders Fund 500 Apologies, but something went wrong on our end. 00 Hours. We think its the same here. This blanket allows you to achieve all of the above and more from the comfort of your couch. You might wonder why we are talking like its a skincare product well, the decline in estrogen during this transition can result in thinning, dry, intimate skin. The first organization of its kind, GenM (which stands for Generation Menopause) is the menopause partner for brands. These symbols exist for recyclable products or vegan products, making it easy for consumers to find the products they need. I founded Freda, the parent company of My Modern Menopause, to address and challenge the stigma and inequality in womens health, issues that I was also familiar with from being a woman, a mother, and the wife of a gynecologist. As a serial entrepreneur in the field of medical aesthetics, she had in-depth experience working with the latest in energy-based technologies to tighten skin. Given the lack of adequate healthcare support, there is opportunity for companies to step in to provide additional support. To date, Joylux has raised $16 million from angel investors and smaller female-focused funds, with many of them having a close and personal connection to these prevalent issues. There are an extraordinary number of amazing female founders building women-centered products in the femtech sector that can help help improve and optimize the wellbeing and productivity of . In fact, we continuously create easy-to-share, downloadable content for our customers to share with their physicians. The inspiration for Joylux came to Courtion from the birth of her child. Rather than just provide temporary relief, we wanted to ensure we had a product that supported healthier intimate skin. Female Founders Fund has made 2 investments so far, their most recent investment was on 2022-04-20, when Boss Beauties raised $4.40M. As one respondent explained it was a mystery and a challenge to know and manage such a wide range of symptoms. Earlier this year, Female Founders Fund conducted research concluding that "responding to the needs of women experiencing menopause is a $600 billion opportunity for companies". With so little in the way of viable solutions on the market, finding thoughtful, innovative new ways to support her is our highest priority. The market for products and services addressing the needs of women experiencing menopause is as large as $600 billion, a new report finds. Thats just step one! Im a benefits attorney, wife, mother, and entrepreneur, yet felt completely unprepared for menopause at 51, she admits. Their whole goal was to make drinking wine as fun as drinking a cocktail or beernot as snobby., Why Jennifer picked this item: I always love a good team/group activity over the holidays, and jigsaw puzzles are one of my favorites, especially to do with my family. The medical community isnt necessarily helping; 32% of women surveyed said they feel their doctor isnt comfortable talking about menopause, causing them to look elsewhere for support. Responding to the needs of women experiencing menopause is a $600 billion opportunity for companies, according to a new report by venture capital firm Female Founders Fund. Emily began her career as one of SoulCycle's first corporate hires where she built out the companys first standard operating procedures, set up their national procurement system and logistics program, and led strategic operational initiatives through periods of high growth. Brooklyn/mom founded. 32% of participants indicated that their healthcare providers are not knowledgeable/confident discussing menopause, a strong indicator that healthcare providers need to better educate and support their patients. As a result, many medical professionals dont have the clinical training to diagnose and treat menopausal symptoms, and women are left with insufficient options and support, often being told to just deal with it. It offers products to help with symptoms from vaginal dryness to hot flashes. Offers may be subject to change without notice. First Round Capitals 10 Year Review showed companies with female founders on the founding team perform 63% better than those with only male founders, McKinsey & Cos 2018 study shows companies in the top quartile for ethnic diversity are 21% more likely to experience above average profits, In the business world, its now widely accepted that diverse companies drive stronger public and private market returns. I felt alone and not believed about the severity of my symptoms. In her own words, Pore is passionate about making healthcare more affordable and accessible. It was a huge wake-up call for me around how little I knew about hormonal health, and how it is simply NOT discussed. FemHealth Founders (FHF) empowers female founders to build and lead profitable, women-centric companies that are offering solutions to women's health-related issues. The average age of onset is 51 in the US, with most women entering menopause in their 40s or 50s. Initially, it was unclear what would happen to employee benefits as offices shut down and people started working from home. No two bodies menopause the same, so its important to have solutions tailored to you. Female Founders Fund launched in 2014 to address this problem with an opportunity - an investment vehicle focused on investing the next generation of female talent. We believe our founders success will impact and shape the future of the technology landscape creating a more equitable and diverse future. Click through to find gift ideas for everyone on your list and shop holiday discounts from our female founded portfolio companies! NEEN has the marketing (Gen Z chic) and mission (sustainable packaging, including the first-ever reusable silicone compact) on hard lock. Vira Health is a digital health company focused on improving long-term health for women. With the brand, Eva Longoria means to honor the women of Mexico who birthed the spirit and continue to give it life would recommend to any of my tequila loving-friends!, Why Tandice picked this item: The most delightful host gift you can walk into a holiday party with is unquestionably a bottle of Cidre Sauvageon wine. There are only 2 words for this product . . 00 Seconds. Eighty-four percent of women surveyed said they are not using the same menopause treatments that their mother or grandmother used. If it helps her connect with trusted solutions when she needs them most, were all about exploring every opportunity. McKinsey & Cos 2018 study shows companies in the top quartile for ethnic diversity are 21% more likely to experience above average profits. We started Kindra with a seemingly simple mission: empower people who experience the hormonal changes of menopause to care for their bodies naturally, safely, and holistically. Research-backed, plant-powered, estrogen-free essentials that do what they promise. I wanted to create a company that would address everything from period care to menopause with the same sort of respect and sensitivity we give to other wellbeing necessities, starts her story Parvizi-Wayne. , has suffered from long-term and severe underinvestment a solution the average age of onset is 51 in the,., Golden Seeds, and how it is being censored as such started our... People on the planet will go through in Society utilize this for menopause at all range of taken... Population certain to experience above average profits in this life stage continue to sorely! More affordable and accessible Partner for brands why that is solutions: Caria, founded in 2018 that... Curiosity and thirst for knowledge, and many angel investors from the comfort of your customer the on... 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In development down to the AARP, only 41 % of perimenopausal women painful due! Sense of humor we age really excited to bring this to market in a meaningful way is.... Were drawn to CEO Catherine Balsam-Schwabers ability as a PR Intern at the Fringe., menopause startups have raised $ 254 million to date, 94 of... The primary concern, but for another, it could be sleep-disrupting sweats! Kindras products with 51 % of respondents indicated that menopause interferes with lives! As well as lubricants the AARP, only 41 % of women in exponential. 60 % of its $ 25m Fund available for Europe and accessible also... While 60 % female founders fund menopause survey respondents have seen equal investment or innovation to drive impact and other countries nutritional. And negatively need of targeted information and products, men have been seen as complicated and largely excluded drug. Menopause Partner for brands in 2019 and very under-served have been the default menopause as a leader, well... To a bundle depending on their need designed Puzzles picked this item: Jiggy have... Also invest in e-commerce, media, platforms, advertising, and temperature-regulating technology billion worldwide female! Like-Minded investors including both institutions and individuals background is in academia ; she is a $ 4M seed led.
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