Flo Health Secures More than $200M Investment from General Atlantic to Revolutionize Women’s Health; First Purely Digital Consumer Women’s Health App to Achieve Unicorn Status

Leading Female’s Wellness Application Establishes New Standard in Swiftly Broadening Femtech Market

Flo Health, the # 1 downloaded and install females’s health and wellness application worldwide, introduced it has actually elevated greater than $200M in a Collection C financial investment from General Atlantic, a leading worldwide development capitalist. This minority financial investment moves Flo’s assessment past $1 billion, making it the initial totally electronic customer females’s health and wellness application to attain unicorn standing.

Flo is devoted to sustaining females at every phase of their health and wellness trip, from menstrual cycle to perception, maternity, and menopause. With over 120 physicians and health and wellness specialists, Flo’s all-in-one system provides curated cycle and ovulation monitoring. Individuals can check over 70 signs and gain access to different attributes developed to boost their understanding and monitoring of their health and wellness. Flo likewise offers individuals with customized health and wellness understandings, specialist suggestions, day-to-day bite-sized aesthetic material, and accessibility to an exclusive electronic conversation neighborhood concentrated on health and wellness and wellness-related subjects. In 2023, Flo introduced ‘Flo for Allies’, which allows individuals to enlighten and equip their companions with clinical understandings right into their menstruation and reproductive health and wellness. Furthermore, Flo’s acclaimed ‘Anonymous Mode’ feature was recognized as one of Time’s Best Inventions 2023 and was produced to better shield delicate reproductive health and wellness details.

Flo’s collaboration with General Atlantic will certainly assist place Flo for its following stage of development, with a concentrate on broadening right into brand-new customer sections consisting of perimenopause and menopause, improving its tech-driven health and wellness understandings, and seeking critical development possibilities. To sustain these enthusiastic objectives, Flo plans to boost R&D head count with financial investments in top-tier skill throughout its worldwide workplaces in Europe and The United States And Canada. Flo likewise plans to take advantage of General Atlantic’s considerable experience in scaling firms at the junction of customer innovation, medical care, and registration organization versions.

This turning point strengthens Flo’s placement as a frontrunner in the swiftly broadening femtech market, which has actually progressed from a particular niche market drawing in very little equity capital a years earlier to a predicted $60 billion sector by 2027. Flo’s development has actually been considerable, after greater than 8 years of continual development. Since June 2024, the firm sustains virtually 70 million regular monthly energetic individuals (MAUs) and near to 5 million paid customers. This fast development is additional shown in Flo’s gross reservations for 2024, which are anticipated to surpass $200 million this year– an about 50% year-over-year boost.

” Getting to unicorn standing is a considerable turning point for Flo and the whole femtech sector,” stated Dmitry Gurski, Founder and Chief Executive Officer at Flo Wellness. “When we began Flo, we recognized a big space in females’s health and wellness solutions. Currently, we’re a leader in an international activity to make females’s health and wellness a top priority anywhere. We’re currently aiding numerous numerous females, and our objective is to get to 1 billion females via our worldwide pro-social program. This effort offers open door to Flo Costs throughout 66 nations, consisting of India, Indonesia, and Nigeria, with virtually 12 million females currently profiting. We’re devoted to constructing a much better future for women health and wellness, where every female really feels recognized and sustained, despite her place or financial standing. This financial investment from General Atlantic will certainly assist drive Flo Wellness’s development as we proceed stabilizing discussions concerning females’s health and wellness, boosting health and wellness proficiency, and elevating understanding of females’s health and wellness problems worldwide, specifically in underserved areas. “

Jessie Cai, Principal at General Atlantic, commented, “We have actually been fortunate sufficient to enjoy the Flo group over the previous 5 years develop a cherished, mission-critical application for females worldwide, and currently we have the privileged chance to companion with Dmitry and his group. We are delighted concerning their large vision and the advancement in advance for the more comprehensive females’s health and wellness and health community. Our team believe Flo is a classification leader and anticipate leveraging our deep experience throughout turbulent customer innovation and registration systems to sustain the firm’s ongoing development.”

” This financial investment speeds up Flo’s goal to transform females’s health and wellness,” stated Anna Klepchukova, Principal Medical Police Officer at Flo Wellness. “With females investing 25% even more of their lives unhealthy contrasted to males, we’re devoted to altering this undesirable status. As the # 1 OB-GYN-recommended cycle monitoring application, Flo equips individuals with customized health and wellness understandings, making it possible for better-informed discussions with doctor. We function as a device for preventative treatment and health and wellness education and learning, aiding our individuals identify possible problems very early and motivating aggressive medical care monitoring. With 1 in 4 United States females utilizing Flo, our system is distinctively placed to bring females’s health and wellness right into the 21st century, all while keeping the highest possible requirements of clinical integrity, information personal privacy, and customer depend on.”

As component of the purchase, Tanzeen Syed, Taking Care Of Supervisor and Head of Customer Net and Modern Technology at General Atlantic, and Jessie Cai, will certainly sign up with Flo’s Board of Supervisors.

Flo Wellness was recommended by general practitioner Bullhound on their resources raising. The purchase undergoes traditional closing problems.

Regarding Flo Wellness

Flo Wellness is the leading application in the Wellness & Physical fitness classification; it is the # 1 OB-GYN-recommended application for duration and cycle monitoring based upon a 2021 study amongst 500 United States OB-GYNs. Since June 2024, the firm sustains virtually 70 million regular monthly energetic individuals (MAUs) and near to 5 million paid customers. With over 120 clinical specialists, Flo is devoted to sustaining females at every phase of their health and wellness trip, from menstrual cycle to perception, maternity, and menopause. It offers curated cycle and ovulation monitoring, customized health and wellness understandings, day-to-day bite-sized aesthetic material, and an exclusive neighborhood for individuals to share their inquiries and problems. As component of its goal to develop a much better future for women health and wellness, Flo’s Pass it on Task intends to boost health and wellness proficiency by giving approximately 1 billion females in requirement with open door to Flo Costs. Flo focuses on security and concentrates on being one of the most relied on electronic resource for females’s health and wellness details. Flo Wellness’s Anonymous Setting function was identified as one of TIME’s Ideal Innovations 2023 and likewise called a finalist for Quick Firm’s 2023 Globe Altering Concepts Honors in the Fast Reaction classification as component of the firm’s dedication to personal privacy. To learn more, please see flo.health.

Regarding General Atlantic

General Atlantic is a leading worldwide development capitalist with greater than 4 years of experience giving resources and critical assistance for over 520 development firms throughout its background. Developed in 1980 to companion with visionary business owners and provide long-term influence, the company incorporates a joint worldwide method, sector-specific experience, a long-lasting financial investment perspective, and a deep understanding of development chauffeurs to companion with terrific business owners and monitoring groups to range cutting-edge organizations all over the world. General Atlantic has roughly $84 billion in properties under monitoring inclusive of all items since March 31, 2024, and greater than 300 financial investment experts based in New york city, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Miami, Mumbai, Munich, San Francisco, São Paulo, Shanghai, Singapore, Stamford and Tel Aviv. To learn more on General Atlantic, please see generalatlantic.com.

Initially introduced July 30th, 2024