Maven Clinicwhich offers virtual care for women and families, announced on Tuesday that it has bought London-based Naytal to accelerate its expansion into the UK and other European markets.
The company did not disclose financial terms of the transaction.
Founded in 2021, Naytal offers online consultations for fertility issues, pregnancy and postpartum support, and menopause care. The company’s founder and CEO, Leila Thabet, will join Maven as regional vice president of global growth and partnerships.
“Maven’s digital platform was designed to fill gaps in reproductive and maternal health globally and meet every member, wherever they are in the world, with the same level of personalized care from high quality,” Maven CEO Kate Ryder said in a statement. “With our acquisition of Naytal, our growing UK and European members will have even greater access to rapid support that meets their unique needs through a partner deeply rooted in the region.”
THE GREAT TREND
Founded in 2014Maven has raised $300 million in venture capital, including one $90 million Series E announced in November and a $110 million Series D from 2021.
The company works with health plans and employers to provide health care for women and families, including fertility and family planning services, pregnancy and postpartum care, and support parental and pediatric. He added a program for menopause care Last year.
The New York-based unicorn said it currently has members in 175 countries, although the UK is its biggest market outside the US. Maven works with over 70 employers who have employees in the region.
The latest deal comes nearly three years after Maven announced it had purchased the Bright Parenting parent-child relationship app.
Although overall funding for digital health plummeted last year, investment in women’s health tech companies held steady relatively stable, according to data from PitchBook. Femtech funding actually accounted for a larger portion of digital health investments last year compared to 2021.