Genneve Secures $4M Seed Funding to Expand Menopause Digital Health Services Nationwide

On August 12, 2019, VCBeat (WeChat ID: vcbeat) learned from foreign media reports that Gennev, a Seattle-based digital health company focused on middle-aged and menopausal women, had completed a $4 million seed funding round led by BlueRun Ventures, with participation from Maven Ventures and Startup Health.According toGeekWire firstReported, the latest round of financingJiangenable this startupValuationReach530USD 10,000.

Every woman experiences menopause for 4 to 10 years, spending an average of $20,000 on trial-and-error approaches involving prescriptions, medical visits, treatments, devices, and products. Founded in 2010 by former Microsoft executive Jill Angelo, Gennev is the first telehealth clinic dedicated to women’s menopause care, where patients can schedule video consultations with specialized menopause practitioners.

Gennev currently offers this service in 23 U.S. states, with appointments costing $65 for consultations with medical doctors (MDs) and $45 for 15-minute consultations with nurse practitioners. The company does not currently accept insurance; however, prescriptions covered by the patient’s insurance plan will be eligible and handled by the patient’s chosen pharmacy.

In addition, Gennev curates products designed to alleviate hormone-driven symptoms such as hot flashes, insomnia, anxiety, and loss of libido. The company also offers menopause health services, including menopause assessments created by obstetrician-gynecologists, as well as free access to blogs, podcasts, and videos featuring physician-led insights on menopause symptoms and treatments. As a cloud-based health gateway and community, Gennev boasts a network of women and practitioners who share their experiences with menopause. Gennev plans to use its seed funding round to expand its user base and geographic footprint across all 50 U.S. states.

Gennev is a digital health company focused on middle-aged and menopausal women, providing specialized services to the 50 million menopausal women in the United States.

BlueRun Ventures is a venture capital firm headquartered in Menlo Park, California. BlueRun Ventures is dedicated to helping entrepreneurs build companies that transform industries. The journey from ideation to startup formation and ultimately to success is long and arduous; throughout this process, BlueRun Ventures serves as an investor, entrepreneur, and change agent. The firm focuses on investing in startups in the fields of mobile software, services, and financial technology. Leveraging their individual and collective expertise in mobile networks, development, design, and partnerships, the BlueRun Ventures team helps seed- and Series A-stage companies achieve business transformation.

Maven Ventures is a venture capital firm that focuses on investing in seed-stage consumer software companies. Maven Ventures makes only five new startup investments per year.

Startup Health is investing in a global army of health transformers, dedicated to achieving the Health Moonshot to improve the health and well-being of every person in the world.

(Compiled by Tian Shuhang)