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Women tech entrepreneurs make strides despite ‘shesession’

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Picture by Christina @ wocintechchat.com

In just about any arena you look—from finance and fashion to SAAS and spirits—women entrepreneurs are making giant strides despite the so-called “shesession.”

Healthtech is a particular bright spot as companies advance in a wide array of fields aimed to improve women’s lives.

Bengaluru-based NIRAMAI Health Analytix (they’re hiring) offers an AI-powered breast cancer screening solution that was recently cleared in the U.S. Berlin-based Clue (they’re hiring), helps over 13M women each month get insights into their reproductive health using its Android and iOS apps. The company raised $31M and gained FDA clearance in the U.S. last year.

The Flex Company (they’re hiring)—which lists offices in Venice Beach, Calif., and Venice, ITaly—raised $7.7M to develop “life-changing period products.” New York City-based Lola (they’re hiring) raised $35M to “redefine femine hygiene” with “period and sex essentials made with ingredients you can feel good about.” The company’s line includes all-organic cotton tampons and fertility-friendly lube, and women can get advice on the site’s “Ask an Expert” section.

Elvie (they’re hiring), with offices in Shanghai, London, and New York City, raised $42M to develop women-focused healthtech. The company’s first release was an app-connected Kegel trainer that helps women strengthen the pelvic floor. Its latest is the Elvie Pump, the world’s first silent wearable breast pump.

Singapore-based Simone (they’re hiring)—which recently rebranded from Fig Health—aims to be “Strava for hormone health.” The company’s software enables women to track their hormone health just like they might track their physical health with a smart watch app. To start, the company is targeting polycystic ovary syndrome (PCOS), a hormonal disorder that impacts millions of women globally and is a leading factor in female infertility.

Female-founded companies are making women’s lives easier in a lot of other ways, too.

For independent entrepreneurs, IFundWomen, with offices across the U.S., is a funding marketplace that’s raised $2.4M to help women crowd-fund their ideas.

For women working for “The Man,” Carrot (they’re hiring) is working to modernize fertility benefits. The company, with offices in New York City and San Francisco, offers a network of 1.9k clinics in over 40 countries for everything from egg freezing, in vitro fertilization (IVF) and adoption, donor, and gestational services. Fast Company named it one of the world’s 50 most innovative companies.

London-based Juno raised $350k to help close the gender wealth gap and “ get more money into the hands of women and non-binary people” with a financial education platform.

Her, an internationally based company (listing offices in Argentina, England and the U.S.) raised $2.4M to help queer women, non-binary, trans and gnc folks “find their person.” The company claims to have the largest and most active, engaged and influential queer audience with 7M queer users.

New York City-based Billie (they’re hiring) raised $35M to produce “razors built for Womankind” and recently introduced an astrology shave set.

If these companies have their way, 2022 will be a banner year for women’s physical, mental and financial health.

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Startups in the Spotlight 💡

The dream of spending less time at work without a pay cut is becoming a reality for more employees. Pandemic burnout and The Great Resignation are forcing many companies to rethink a 5-day schedule.

A growing number of companies are now urging their employees to work fewer hours, not more. Studies have shown that a 4-day work week improves productivity and corresponds with gains in workers’ well-being.

If it’s time to improve your work-life balance, check out our list of
20 Startups Adopting the 4-Day Workweek

Funding and acquisitions

Miami-based Kero Gaming, an in-game sports betting products provider, raised a $1M seed round with backing from Acies Investments, Sharp Alpha Fund, iGaming Ideas, and more. The company’s in-game betting engine provides white-label (hosting) solutions to sports leagues and sportsbook operators. Kero’s platform provides users with mobile-optimized real-time interactive experiences to boost engagement and retention.

SoundMind, a Long Angeles-based provider of an audio-visual mental health app, raised an $800K pre-seed round led by Dr. Venus Nicolino. SoundMind’s app allows users to customize their music therapy experiences. The company is also moving into the web3 space by enabling users to launch NFTs called “SoundMind Wellness Warriors” in hopes of expanding its presence in the metaverse mental health community.

Seattle-based Outgo, the provider of a banking solution for freight carriers, raised a $3.4M round led by Neo and PSL Ventures, with participation from Bezos Expeditions. The company helps freight carriers to automate broker setups, invoicing, factoring, collections, accounting, and tax services without contracts or minimums.

Karlsgate, a New York-based data enrichment startup, raised a $4M seed round led by M12 and Motley Fool Ventures to expand its data network solutions. The company uses Identity Exchange and patent-pending crypto identity technology to allow data owners across industries to share insights safely and efficiently without losing custody of data.

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