Flo Well being, one of the downloaded ladies’s well being apps worldwide, introduced it has raised greater than €180 million in a Collection C funding from Common Atlantic. This minority funding propels Flo’s valuation past $1 billion, making it the primary purely digital client ladies’s well being app to attain unicorn standing, in line with the corporate.
Flo is dedicated to supporting ladies at each stage of their well being journey, from menstruation to conception, being pregnant, and menopause. With over 120 docs and well being consultants, Flo’s all-in-one platform affords curated cycle and ovulation monitoring. Customers can monitor over 70 signs and entry varied options designed to reinforce their understanding and administration of their well being. Flo additionally gives customers with tailor-made well being insights, professional ideas, day by day bite-sized visible content material, and entry to a personal digital dialogue group centered on well being and wellness-related subjects.
“Reaching unicorn standing is a major milestone for Flo and the complete femtech business,” stated Dmitry Gurski, co-founder and CEO of Flo Well being. “Once we began Flo, we recognized an enormous hole in ladies’s well being companies. Now, we’re a frontrunner in a world motion to make ladies’s well being a precedence in every single place. We’re dedicated to constructing a greater future for feminine well being, the place each girl feels understood and supported, no matter her location or financial standing.”
Flo’s partnership with Common Atlantic will assist place Flo for its subsequent section of progress, with a give attention to increasing into new person segments together with perimenopause and menopause, enhancing its tech-driven well being insights, and pursuing strategic enlargement alternatives.
To help these formidable objectives, Flo intends to extend R&D headcount with investments in top-tier expertise throughout its world places of work in Europe and North America. Flo additionally intends to leverage Common Atlantic’s vital experience in scaling firms on the intersection of client know-how, healthcare, and subscription enterprise fashions.
Flo’s progress has been vital, after greater than eight years of steady enlargement. As of June 2024, the corporate helps almost 70 million month-to-month energetic customers (MAUs) and shut to five million paid subscribers. This speedy progress is additional mirrored in Flo’s gross bookings for 2024, that are anticipated to exceed $200 million this yr – an roughly 50% year-over-year improve.
Jessie Cai, Principal at Common Atlantic, commented: “We have now been fortunate sufficient to look at the Flo workforce over the previous 5 years construct a beloved, mission-critical app for ladies globally, and now we’ve got the lucky alternative to companion with Dmitry and his workforce. We imagine Flo is a class chief and look ahead to leveraging our deep experience throughout disruptive client know-how and subscription platforms to help the corporate’s continued progress.”
“This funding accelerates Flo’s mission to revolutionize ladies’s well being,” added Anna Klepchukova, Chief Medical Officer of Flo Well being. “With ladies spending 25% extra of their lives unwell in comparison with males, we’re dedicated to altering this unacceptable established order. Because the #1 OB-GYN-recommended cycle monitoring app, Flo empowers customers with tailor-made well being insights, enabling better-informed conversations with healthcare suppliers. With 1 in 4 US ladies utilizing Flo, our platform is uniquely positioned to convey ladies’s well being into the twenty first century, all whereas sustaining the best requirements of medical credibility, knowledge privateness, and person belief.”
As a part of the transaction, Tanzeen Syed, Managing Director and Head of Client Web and Expertise at Common Atlantic, and Jessie Cai, will be part of Flo’s Board of Administrators. Flo Well being was suggested by GP Bullhound on their capital elevate. The transaction is topic to customary closing circumstances.
