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Femtech Grows as VC Category

According to Wikipedia, “femtech is a term applied to a category of software, diagnostics, products and services that use technology often to focus on women’s health.” And though it may seem like a fairly narrow tech field, the past few years have seen a boom.

Ten years ago, just $23 million worth of venture capital was invested in the global femtech industry, according to PitchBook data. That figure grew modestly until 2015, when funding spiked to $334 million. In 2017, VC investors participated in 49 deals in the femtech space, totaling $354 million. And this year has already seen significantly more VC funding for companies in the industry than any year in the last decade: $391.5 million across 36 deals.

It’s for good reason, according to Frost & Sullivan data, women are 75% more likely to use digital tools for healthcare than men.

A number of investors are fairly active supporters of femtech. Here’s a look at the 13 most active VC investors in the global femtech sector since the beginning of 2008, per PitchBook, including their deal counts: 

•     Y Combinator (9) 
•     Arboretum Ventures (7) 
•     BoxGroup (7) 
•     NEA (6) 
•     Founders Fund (6) 
•     Astia Angels (6) 
•     InterWest Healthcare Partners (6) 
•     Chrysalis Ventures (5) 
•     Catalyst Health Ventures (5) 
•     Union Square Ventures (5) 
•     500 Startups (5) 
•     Correlation Ventures (5) 
•     Slow Ventures (5) 

 

Clare Christopher is editor of SandHill.com.

 

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