Amy Schumer, Connie Britton, Brandi Chastain, Meena Harris, Sheryl SandbergTekedla Mawakana, and Tory Burch She is one of the bold investors committed to Midi’s goal of eliminating health care disparities for women.
Los Altos, California, September 19, 2024 /PRNewswire/ — Midi HealthMidi, the fastest growing virtual care clinic for women 35 and over, today announced that a powerful group of female leaders and icons across entertainment, professional sports, media, beauty and fashion, health and wellness, technology and business have joined Midi’s over-capacity community. $63 million Series B round $5 million A special purpose vehicle (SPV) formed and managed by Midi investor Operator Collective. The SPV investors join other Series B investors including Emerson Collective, GV (Google Ventures), Memorial Hermann Health System, SemperVirens, Felicis, Icon Ventures, Black Angel Group, Gingerbread Capital, Ingeborg Investments, G9 and Operator Collective.
MIDI’s notable investors include Amy Schumer, Connie Britton, Brandi Chastain, Meena Harris, Sheryl Sandberg, Tekedla Mawakana and Tory Burch, all of whom are committed to MIDI’s goal of eliminating healthcare disparities for women.
Investors and founders of Midi Health Series B round. Pictured from left: GV Executive Venture Partner Cathy Friedman, Midi Health Co-Founder Kathleen Jordan, MD, Midi Health Co-Founder Jill Herzig, Felicis Ventures General Partner Victoria Treyger, Operator Collective Founder Mallun Yen, Midi Health Co-Founder Sharon Meers, Midi Health Co-Founder and CEO Joanna Strober, Emerson Collective Managing Partner Fern Mandelbaum, SemperViren Partner Allison Baum Gates, GV General Partner Frederique Dame.
Approximately 30% of the female population united states of america Globally, women age 35 and older, with 75 million women currently in perimenopause, menopause, or postmenopause. Although women generally live longer than men, they spend an average of 25% more time in unhealthy conditions than men. This health disparity is even more pronounced for women of color and those from lower socio-economic backgrounds. Midi is a leading digital health company with coverage in all 50 states, with a focus on providing care to midlife women. Over 85% of women experience symptoms that can negatively impact their quality of life and longevity. These symptoms can begin as early as the mid-30s and last for more than a third of their lives. With 80% of obstetricians and gynecologists lacking meaningful training in the field and a shortage of general practitioners in the United States, the majority of women who suffer go untreated for their symptoms. Midi is working to change this.
Midi’s investors: $600 billion “The women’s health market today and the power of strong female leaders coming together to invest in companies that need to grow wealth creation and generate economic return while also staying relevant. Among the new investors are actors, producers and other leaders in their fields. Amy Schumerand Connie BrittonPhenomenal Media Meena HarrisSoccer Star Brandi ChastainFashion Designer/Entrepreneur Tory BurchInvestor, co-founder of Angel City FC Kara NortmanSandberg Bernthal Venture Partners, a venture fund run by former COO of Meta Sheryl Sandberg And her husband, Tom BernthalCo-CEO of Waymo Tekedra MawakanaCEO of PagerDuty Jennifer TejadaStriped Executive Claire Hughes JohnsonToast CFO Elena GomezTop executives from OpenAI, Atlassian, Databricks, Cloudflare, Google, Apple, Amazon, Meta, Life360, Calm, Universal Music Group and Warner Media also participated in the round. In total, 80 investors participated, with individual check amounts of $10,000 – $500,000 and up. Reflecting Midi’s focus on this demographic and the importance of culturally responsive care, the investor group includes women aged 35-60+ and 40% people of color.
“As early seed investors in Midi, we have been waiting for the right time to spearhead this SPV.” Malun YenFounder and Managing Partner of Operator Collective. “We intentionally brought together key industry leaders who are outside of the typical circles of venture capital, which by design reflects our unique co-venture model in action. An investment has the power to be much more than just a brand endorsement, and we’re proud to have created an access point for these leaders to be directly involved in Midi’s future growth.”
“This is an example of women putting their own money behind companies like Midi that they want and need, and believe in our goal to close the gap in care during pre-menopause, menopause and beyond,” said Midi Health’s CEO and co-founder. Joanna Strober“It’s so inspiring to see leading women from all walks of life and age groups coming together to work together to build solutions that will make a difference for other women in the marketplace.”
“Like many of you, I noticed a clear gap in companies prioritizing women’s needs and addressing the challenges they face when seeking healthcare. Midi is breaking new ground as the health needs of women over 35 evolve,” said Gregory. Amy Schumer“The SPV investment opportunity was a unique way for leaders from across industries to come together to ensure women’s health remains at the forefront of innovation, rather than an issue that has been put on the back burner for so long. It’s important to invest in companies that impact us personally and are a force for change for women around the world.”
About the Operator Collective
Released in 2019 Operator Collective is an early-stage B2B venture fund and community backed by technology’s finest operator LPs and top-tier institutions. OpCo’s proprietary Collective Venture Model® platform enables portfolio founders to efficiently leverage 200+ active senior executives to help build and scale their companies, reach potential enterprise customers, and connect to a talent network for potential executive or board recruiting.
About Midi Health
Midi Health is the fastest growing virtual care clinic focused on helping women navigate the hormonal changes of midlife and beyond. With treatment protocols developed by global pre-menopause and menopause medical experts and implemented by clinicians trained in women’s midlife health, Midi Health offers patients individualized care plans that include hormonal and non-hormonal medications, supplements, lifestyle coaching and more. All services are covered by insurance and conveniently accessible through telehealth visits and 24/7 messaging. For more information, please visit: Learn more.
Media Contact:
Amy Gloves for Midi Health
[email protected]Phone: 415.706.1906
Caroline Caswell Operator Collective
[email protected]
SOURCE Midi Health
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