💸 Flora Fertility Raises $1.5M to Offer the First Individually-Owned Fertility Insurance Policy
FemWealth Issue #179
Hi FemWealth Friends,
In the Spotlight 💸
Co-founded by Laura J. McDonald and Dr. Christy Lane, Flora Fertility is a Canada-based insurtech offering the first individually-owned fertility insurance policy.
“There are huge opportunities for AI, large language models in improving our ability to better understand risk, but also enable us to better understand how to help women mitigate their own risk through things like lifestyle changes.” - Laura J. McDonald, Co-founder and CEO of Flora Fertility (via Forbes)
It raised $1.5 million in a Pre-Seed round led by Highline Beta and joined by Cartography Capital and Everywhere Ventures.
Read more: Flora: Revolutionizing Fertility Coverage With Individually-Owned Insurance Policies
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Startups: AI robots for warehouses: UK-based Dexory raises $80m to scale autonomous tech in US - Co-founded by Oana Andreea Jinga, Dexory is building autonomous robots for warehouses. The London, UK-based startup raised an $80 million Series B round (a mix of 70% equity and 30% debt). DTCP led the round, with participation from Latitude Ventures, Wave-X, Bootstrap Europe, Atomico, Lakestar, Capnamic, and angel investors.
StrataPT secures $25M for practice management software (Axios Pro $) - Co-founded by Kim Peacock, StrataPT provides physician practice management software. The US startup raised $25 million in a round led by Council Capital.
Air Doctor raises $20M to plug a gap in how people find doctors when they’re traveling - Co-founded and led by Jenny Cohen Derfler, Air Doctor helps travelers who need medical care abroad find and connect with local doctors. The Israeli company secured $20 million in a Series B funding round led by aMoon. Tokio Marine Holdings, Samsung Ventures, Lightspeed Venture Partners, Vintage Investment Partners, Phoenix Insurance, and Munich Re Ventures also participated.
Valdera Secures $15 Million to Help Manufacturers Make the Next Generation of Products - Faster, Safer, and More Sustainably Than Ever Before - Co-founded and led by Sruti Arulmani, Valdera is an AI sourcing platform for chemicals and raw materials. The San Francisco-based company closed $15 million in Series A funding. Index Ventures led the round, joined by Susa Ventures, Lerer Hippeau, Box Group, and others.
Loti AI Closes Nearly $7 Million Seed Round with Additional Investment From Khosla Ventures - Co-founded by Rebekah Arrigoni, Loti AI identifies and removes unauthorized content for public figures. The Seattle, US-based startup raised a $6.65 million Seed round co-led by FUSE and Bling Capital, joined by Khosla Ventures, K5 Tokyo Black, Ensemble, and AlphaEdison.
Thread AI emerges from stealth, debuts composable infra platform - Co-founded by Angela McNeal and Mayada Gonimah, Thread AI is a composable AI infrastructure platform for enterprises. The New York City-based startup raised $6 million in a Seed round led by Index Ventures and joined by Greycroft, and angel investors.
Billables AI Announces $3.9M in Seed Funding to Modernize Billing with AI-Powered Timekeeping - Co-founded by Nancy Jeng, Billables AI is an AI platform for professional service providers. The San Francisco-based company raised $3.9 million in Seed funding. Wing VC led the round, joined by F7, SignalFire, Darkmode, Alumni Ventures, and angel investors.
Suma Wealth closes seed and acquires AI savings app Mooch (Axios Pro $) - Co-founded by Beatriz Acevedo and Mary Hernandez, Suma Wealth provides a community-focused platform and financial tools to help Latinos build wealth. The US startup raised $3.8 million in Seed funding led by Radicle Impact.
Publisher tech startup Indiegraf raises $2.2M (Axios Pro $) - Co-founded by Erin Millar and Caitlin Havlak, Indiegraf is an independent news publishing platform. The Vancouver, Canada-based startup raised a $2.2 million Seed round led by StandUp Ventures, with additional support from Coralus and Mucker Capital.
ADAPTA Robotics with €2M Investment from Catalyst Romania - Co-founded by Diana Baicu, Adapta Robotics manufactures adaptable robotic products. The Bucharest-based startup raised €2 million in funding from Catalyst Romania.
Hyivy Health Secures $2M in Seed Funding to Bring Smart Pelvic Health Device to Market - Founded and led by Rachel Bartholomew, Hyivy Health secured $2 million in Seed funding to advance its Pelvic Health Rehabilitation System. Zcube – Zambon Research Venture led the round, with additional support from Beresford Ventures, Equation Angels, FACIT, mHub, Women’s Equity Lab, and the founding partner of Chai Ventures.
“We’re at the cusp of a major shift in pelvic health care. The medical community is starting to recognize the gaps in knowledge and treatment, and I believe Hyivy is well-positioned to help bridge those gaps.” - Rachel Bartholomew, Founder and CEO of Hyivy Health
Sisters secure £1.5m to personalise UX with Quin AI - Co-founded by sisters Gulsah Gulser and Gonca Gulser, Quin AI is a generative behavioural artificial intelligence platform that aims to transform how companies engage their customers online. The London-based startup raised £1.5 million in a funding round led by Blackfinch Ventures, with additional contributions from SFC Capital, Logo Ventures, and Finberg.
Love x Money Ventures’ Latest Investment in a Lubricated Tampon Brand Started With an Instagram DM (WWD $) - Co-founded by Nadia Ladak, Harit Sohal, Simone Godbout, and Kiara Botha, Marlow is a Toronto-based menstrual and sexual health startup. It raised $1.9 million from Love x Money Ventures and Dream Ventures.
VC: DCVC Bio founders look for more quick returns, less overhyped AI, with new $400 million fund (STAT+ $) - Co-led by Dr. Kiersten Stead, DCVC invests in early-stage deep tech startups, including life sciences. The Palo Alto VC firm raised its third bio fund of $400 million.
Co-founded and led by Sarah Sclarsic and Sierra Peterson, Voyager Ventures, a US climate-focused VC firm, is raising up to $300 million for its second fund, per an SEC filing. (via Axios Pro $)
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Until next Sunday,
Anamaria
Founder & Writer of FemWealth