Allara Health raises $26 million for women’s health platform

Virtual Women’s Healthcare Platform Allara Health scored $26 million in Series B funding, bringing its total raised to $38.5 million.

Index Ventures led the round with participation from existing investor GV (Google Ventures).

What do you do?

Allara Health offers a virtual care platform for women battling chronic hormonal conditions, such as endometriosis, polycystic ovarian syndrome (PCOS) and hypothyroidism.

Users can access doctors and nurse practitioners specializing in women’s health, nutrition and lifestyle support, personalized care plans, and metabolic and hormonal blood tests and imaging.

The company will use the funds to accelerate its cross-country expansion in the US

“Allara was built for the tens of millions of women living with complex hormonal and gynecological conditions across the US, including myself,” founder and CEO Rachel Blank said in a statement.

“After receiving a PCOS diagnosis without adequate medical support, I realized first-hand the disparities that exist for many of us throughout the health care system. At Allara, we ensure that women struggling with hormonal conditions can access the care of affordable that answers questions, minimizes symptoms and helps them live fulfilling lives – and we’re incredibly grateful for the support from our investors as we deliver on this mission.”

Market view

Allara Health founder Blank previously held an investment job at the venture capital firm General catalystthen left her position to join direct-to-consumer virtual care unicorns Rowhere she was responsible for growing the line of RO products for menopausal women called Strict.

Left blank ro and, in 2021, launched Allara Health Because of her experience with PCOS.

Long mobihealthnews’ 2024 End of Year Seriesseveral healthcare stakeholders highlighted the events within the femtech funds.

Welltheory co-founder and CEO Ellen Rudolph, told Mobihealthnews That she predicts that investors will start betting on women’s health beyond just reproductive health.

“Despite making up half the population and driving the vast majority of healthcare decisions, only 3% of digital health funding focused on women’s health between 2011 and 2020, and a majority went to startups that address fertility, pregnancy and motherhood, according to Rock healthRudolph said.

Good is a virtual care platform for individuals with autoimmune diseases. The company announced a Partnership with Maven Clinic Last year to provide Virtual Women’s and Family Health Provider employees access to exercise and lifestyle coaching from Welltheory.

Hilary Hatch, Chief Clinical Officer of the planning-focused digital health startup Phasewhen asked to reflect on The biggest surprises of 2024said, “I was shocked – in the best possible way – to see the initiations, investments and conversations about menopause. Yes, women over 50 are going to take over the world. Attention to menopause has revealed an area of ​​great need unfulfilled. There’s still a long way to go, but 2024 gave us a glimpse of the future.”