femtech
A new report published by Research2Guidance found that femtech companies have raised over $220 million since 2011. The group predicts that number will jump to $297 million by 2024.
Funding for the tech-enabled provider was led by BlueMountain Capital Management.
The company plans on using the new funds to expand its services to new locations.
Inne will use the new funding to grow the team ahead of the launch of its product.
Industry players examined the intersection of sex, tech, health and pleasure at the Giant Health event in London last week.
The startup aims to sell women's fertility products that are backed up by science.
Women’s health has been historically under-studied and has only recently come to the foreground of healthcare technology, with investment in femtech initiatives rising significantly in the past few years.
The Forerunner Ventures-led investment brings Modern Fertility's total backing to $22 million.
Digital founders Saba Alzabin and Eirini Rapti speak to MobiHealthNews about how women’s health technology has evolved beyond fertility tracking apps.
A study published in JMIR found that a fertility wearable was able to use skin temperature, heart rate, and respiratory rate to help determine a woman's fertility window.