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Midi Health Becomes Unicorn After $100 Million Funding Boost for Women’s Telehealth

Prime Highlights:

  • Midi Health has raised $100 million in fresh funding, valuing the women’s telehealth company at over $1 billion and strengthening its mission to improve menopause and midlife care.
  • The investment will help expand access to insurance-covered, specialist-led healthcare for women across the United States.

Key Facts:

  • The Series D round was led by Goodwater Capital, with participation from Serena Ventures, Foresite Capital, and existing investors including GV and Emerson Collective.
  • Midi Health’s services now reach more than 45 million women across all 50 US states, with over 25,000 patients using the platform each week.

Background:

Midi Health, a women’s telehealth company focused on perimenopause and menopause care, has raised $100 million in Series D funding, pushing its valuation beyond $1 billion. The funding round was led by Goodwater Capital, with new participation from Foresite Capital and Serena Ventures, alongside existing investors including Advance Venture Partners, GV (Google Ventures), Emerson Collective, SemperVirens, and McKesson Ventures.

The new funding is a major step for Midi Health as it works to bring specialized, insurance-covered care to more women across the United States. The company said its services now reach more than 45 million women in all 50 states, with over 25,000 patients using the platform each week.

Founded to address gaps in midlife women’s healthcare, Midi Health offers integrated, virtual care led by specialists across OB-GYN, internal medicine, cardiology, endocrinology, obesity care, sleep medicine, mental health, and dermatology, among other areas. The company aims to provide coordinated treatment for symptoms and conditions that are often overlooked or undertreated.

“This funding validates the movement we are building to give women the healthcare they deserve,” said Joanna Strober, Co-founder and CEO of Midi Health. She noted that women’s health has long been underprioritized and said the new capital will help the company scale its model nationwide.

Investors said the funding reflects both Midi Health’s rapid growth and its focus on improving women’s healthcare. Eric Kim, Co-founder and Managing Partner at Goodwater Capital, said the company is changing how women receive care by putting patients first and building a model that can grow nationwide.

The company has also added several senior leaders to its management team. Jason Wheeler has joined as Chief Financial Officer, Melissa Waters as Chief Marketing Officer, and Matt Cook as Chief Commercial Officer.

Around two million women in the United States enter menopause every year, and untreated symptoms are estimated to cost $25 billion annually through medical expenses and lost productivity. Midi Health said the new funding will be used to widen access to care, expand its clinical services, and improve health outcomes for women across the country.