Good morning, Broadsheet readers! FEMA Administrator Deanne Criswell warns about the dangers of hurricane misinformation, Enterprise Mobility CEO Chrissy Taylor is transforming her business, and Maven is valued at $1.7 billion
– First half. “The market is down right now in digital health,” said Kate Ryder, founder and CEO of Maven, a women’s and family health platform. You wouldn’t know it from looking at her company, yesterday announced The $125 million Series F round was led by StepStone Group, valuing the business at $1.7 billion.
Maven first has become a unicorn in 2021—first in the women’s health category—and last raised 90 million USD by the end of 2022, with a total of more than $425 million raised over the past decade. Returning investors in this fundraising include Lux Capital, General Catalyst and Sequoia. Investor interest in the startup is related to a theme, Ryder said: while digital health may be considered saturated, women’s and family health remains lots of room for development.
“Women’s and family health is a unique category because there is very little research built on it,” she said. “It used to be that nobody did anything about menopause, nobody did anything about postpartum care, nobody did anything about miscarriage or surrogacy or even other factors. factors related to fertility and preconception care.”
Maven provides care through virtual clinics, primarily delivered through sales to employers and health plans. Its more than 2,000 customers include Amazon, AT&T and Microsoft.
With this capital, Ryder plans to invest in Maven’s managed benefits platform, which manages fertility benefits.
A decade since its founding, Maven’s IPO is eagerly anticipated — especially by others in the digital and women’s health sectors who are desperate for an example to point to Current comparisons in the mass market.
“It doesn’t seem fun coming out right now,” Ryder said. “An IPO is something we foresee in the future, but we won’t be filing any time soon. We’re really excited to keep it a little longer under wraps and take the risk of building all these products.”
Emma Hinchliffe
[email protected]
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ALSO IN THE TITLE
– More than meets the eye. Enterprise Mobility CEO Chrissy Taylor is looking to transition her family’s company beyond car rentals. “We did a big study, [and found that] only 11% of the population and consumers know we do more than rent,” Taylor said at LuckCOO Summit yesterday. “So there is a huge opportunity, especially in the business-to-business space.” Luck
– Management of miscarriage. Abortion drug developer Danco Laboratories is preparing to seek FDA approval to use Mifeprex to manage miscarriage. Earlier this yearThe Supreme Court has rejected an attempt to limit access to mifepristone, the generic version of Mifeprex. Wall Street Journal
– The storm of false information. FEMA Administrator Deanne Criswell said that misinformation related to hurricanes Milton and Helene is dangerous, creating fear among her staff and preventing people from applying for needed aid. “I anticipated some of this, but not to the extent that we are seeing this,” she said. Axios
– Reproductive support. Actor Emma Watson has invested in Hertility, a UK-based women’s reproductive healthcare company that provides personalized testing and services. The woman-founded, women-focused company has now raised more than $14 million in total funding, in line with Watson’s continued support of women-led initiatives. TechCrunch
MOVING MACHINERY AND SHAKING MACHINE
Marie LeblancCEO of Victoria Beckham, is step down from her role after five years.
charming named Samantha Barry Global editorial director. She is currently the editor-in-chief of charming WE.
Droplette, a skin care technology company, has a name Jodi Kaplan CEO. Most recently, she was president of Dr. Barbara Sturm Molecular Cosmetics.
Unilever, the health, wellbeing and beauty company, named Mary Carmen Gasco-Buisson CEO of its prestigious division. Most recently, she was chief marketing officer and executive vice president of global business units for Pandora.
Bibi Steinhaus-Webb are walking down from the role of women’s professional games director of the select group at Professional Game Match Officials Limited; Rebecca Welch will take on this role. Steinhaus-Webb will join FIFA as head of the women’s refereeing department.
LOGISTEC, a marine and environmental services provider, is appointed Cleidy Liborio Fernandes as commercial director. Most recently she was chief commercial and operating officer of CMA CGM.
Command Medical Products, a provider of contract manufacturing services for medical devices, added Karen Tay to its board of directors. Previously, she was CEO at Solesis.
ON MY RADAR
Rep. Jasmine Crockett won in Dallas. Now, she’s going national fashion magazine
Martha Sazon leads Philippines-based financial super app GCash with 94 million mostly female users Luck
More Black and Latina women are leading unions — and changing the way they work AP
FAREWELL WORDS
“We cannot fail our way up like many white people.”
— Actress Jodie Turner-Smith in being a person of color in the entertainment industry
