London-based femtech Flo Well being secures greater than €180 million Collection C and achieves unicorn standing


Flo Well being, some of the downloaded ladies’s well being apps worldwide, introduced it has raised greater than €180 million in a Collection C funding from Common Atlantic. This minority funding propels Flo’s valuation past $1 billion, making it the primary purely digital shopper ladies’s well being app to attain unicorn standing, in response to the corporate. 

Flo is dedicated to supporting ladies at each stage of their well being journey, from menstruation to conception, being pregnant, and menopause. With over 120 docs and well being consultants, Flo’s all-in-one platform provides curated cycle and ovulation monitoring. Customers can monitor over 70 signs and entry numerous options designed to reinforce their understanding and administration of their well being. Flo additionally supplies customers with tailor-made well being insights, professional ideas, each day bite-sized visible content material, and entry to a personal digital dialogue neighborhood centered on well being and wellness-related subjects. 

“Reaching unicorn standing is a big milestone for Flo and all the femtech trade,” mentioned Dmitry Gurski, co-founder and CEO of Flo Well being. “After we began Flo, we recognized an enormous hole in ladies’s well being companies. Now, we’re a frontrunner in a world motion to make ladies’s well being a precedence in all places. We’re dedicated to constructing a greater future for feminine well being, the place each girl feels understood and supported, no matter her location or financial standing.”

Flo’s partnership with Common Atlantic will assist place Flo for its subsequent part of progress, with a give attention to increasing into new consumer segments together with perimenopause and menopause, enhancing its tech-driven well being insights, and pursuing strategic growth alternatives. 

To help these formidable objectives, Flo intends to extend R&D headcount with investments in top-tier expertise throughout its international places of work in Europe and North America. Flo additionally intends to leverage Common Atlantic’s important experience in scaling corporations on the intersection of shopper know-how, healthcare, and subscription enterprise fashions.  

Flo’s progress has been important, after greater than eight years of steady growth. As of June 2024, the corporate helps practically 70 million month-to-month energetic customers (MAUs) and shut to five million paid subscribers. This speedy progress is additional mirrored in Flo’s gross bookings for 2024, that are anticipated to exceed $200 million this yr – an roughly 50% year-over-year improve. 

Jessie Cai, Principal at Common Atlantic, commented: “We’ve been fortunate sufficient to observe the Flo staff over the previous 5 years construct a beloved, mission-critical app for ladies globally, and now we’ve the lucky alternative to companion with Dmitry and his staff. We imagine Flo is a class chief and sit up for leveraging our deep experience throughout disruptive shopper know-how and subscription platforms to help the corporate’s continued progress.”

“This funding accelerates Flo’s mission to revolutionize ladies’s well being,” added Anna Klepchukova, Chief Medical Officer of Flo Well being. “With ladies spending 25% extra of their lives ill in comparison with males, we’re dedicated to altering this unacceptable established order. Because the #1 OB-GYN-recommended cycle monitoring app, Flo empowers customers with tailor-made well being insights, enabling better-informed conversations with healthcare suppliers. With 1 in 4 US ladies utilizing Flo, our platform is uniquely positioned to convey ladies’s well being into the twenty first century, all whereas sustaining the very best requirements of medical credibility, knowledge privateness, and consumer belief.”

As a part of the transaction, Tanzeen Syed, Managing Director and Head of Shopper Web and Know-how at Common Atlantic, and Jessie Cai, will be a part of Flo’s Board of Administrators. Flo Well being was suggested by GP Bullhound on their capital increase. The transaction is topic to customary closing situations.



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