July 18, 2024

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Former Livongo exec launches women’s health startup that uses data for personalized care

Former Livongo exec launches women’s health startup that uses data for personalized care

Health and fitness tech entrepreneur Kimon Angelides’ most up-to-date undertaking, FemTec Health, has introduced out of stealth with $38 million in trader income and a deep bench of girls in management.

The startup focuses on women’s overall health and magnificence working with engineering and details to personalize treatment. The company launched in Oct and was in stealth due to the fact May possibly 2020.

At launch, FemTec Health has above 10 million members, two clinical trials in progress, a team of 150 and various health and everyday living sciences leaders on board, in accordance to the organization. Kimberly Capone, formerly with Johnson & Johnson, has joined as main scientific officer and Laura Clapper, M.D., main functioning officer, comes to the corporation with practical experience at Cigna and CVS-Aetna.

“There is so considerably that desires to be accomplished to aid girls navigate the health care technique and empower girls as health care customers,” Clapper explained to Intense Healthcare. “The health care method currently was formulated for guys. It can be our vision and mission to create a thing that is woman-centric, built for ladies, with a female management team and seriously consider about what girls want, instead of stating, ‘This is what we have and women of all ages get use to it.'”

She additional, “My target is to give women of all ages the healthcare they have earned and the healthcare that I want for myself and for my good friends and my family members. That’s ultimately what we strategy to realize.”

Similar: Women’s electronic wellbeing rakes in $1.3B in 2021 buoyed by investor fascination in a lot more integrated treatment

The Texas-primarily based startup designed a data analytics system and infrastructure referred to as BiomeAI to customize care by making use of consumer, genetic, microbiome and biometric data, in accordance to the organization. The BiomeAI engine takes advantage of AI and deep equipment discovering to translate this info into the shipping of holistic health care personalised for each individual female, executives stated. 

By means of that platform, the firm can glance at claims information as nicely as medicine and genomic information and facts to use as a baseline for a woman’s wellbeing profile, according to the company. FemTech Health and fitness combines that with dynamic day-to-day information, biometric knowledge by means of wearables, psychosocial and diagnostic exam results and then matches to the finest items and health care services for that specific female.

The goal, Clapper stated, is to revolutionize women’s healthcare by making use of state-of-the-art genomics, predictive analytics and electronic technologies to produce an knowledge that is unified, coordinated and personalized.

Executives mentioned areas of emphasis for the company include things like specialty treatment, wellness and avoidance, reproductive care, sexual wellness, psychological health and serious treatment.

Angelides launched 6 other healthcare organizations most notably EosHealth, renamed Livongo, which was acquired by Teladoc in 2020 for $18.5 billion. He also was a founder of DiabetesAmerica, mAbGen, acquired by Valeant Pharmaceuticals, EarlyBird Pharmaceuticals, Merlin LifeSciences and Vivante Health and fitness, according to his LinkedIn profile.

The organization has already notched a couple of notable acquisitions by picking up subscription attractiveness box Birchbox and Mira Magnificence. FemTec Wellbeing also obtained social internet marketing system Liquid Grids that has in excess of 1.5 million members.

Later this year, FemTec Well being will re-launch Birchbox, shifting the focus to curated individualized pores and skin and health care products employing its AI system, executives claimed.

Similar: Maven Clinic nabs $110M funding round and a boost from Oprah to get to unicorn position

FemTec Health’s item and services offerings have numerous channels built on a immediate-to-shopper, subscription product, and small business-to-company that incorporate significant companies, wellness insurers and channel associates, according to the corporation.

The startup needs to function with large companies to design and style systems aimed at improving upon both equally financial and clinical outcomes by like its products and solutions into their employee health added benefits.

“Women’s well being has been beneath-investigated and underrepresented for way too very long. As a lady and a scientist, I have typically been the sounding board for mates and family members on their wellness journey,” Capone claimed in a assertion.

“What I hear consistently is that ladies do not know where to go, or what products to decide on that may well aid. This is where FemTec Health’s unified and coordinated system arrives in—we present individualized providers and science-centered products and solutions that are meaningful and powerful for women of all ages at all levels of their lives. I imagine the potential is female and FemTec Health will assistance get us there,” she said.

Connected: Ro will get women’s wellness startup Fashionable Fertility in $225M deal

Women’s health and fitness is a warm sector correct now. Knowledge from Rock Heath signifies that electronic wellness startups targeted on women’s wellness care pulled in $1.3 billion in funding across 26 deals from January by means of August 2021—nearly doubling all of 2020’s funding with four months still remaining to go.

But the healthcare technique for girls is now fragmented, Clapper claimed, with many firms narrowly centered on certain overall health challenges like fertility or menopause.

“We start out with a holistic practical experience that goes across services and goods,” she stated.

FemTec Health’s buyers, funds and shareholders include things like Longmont Cash, Ithaca LifeSciences, Unilever Ventures, Shiseido, e.Ventures, Viking Global, and Trinity Funds. The corporation said strategic partnerships with top health and wellness corporations will be introduced soon.