Midi Health, a virtual care clinic focused on women navigating midlife hormonal change, gained major female celebrity investors including Amy Schumer, Tory Burch and professional soccer player Brandi Chastain in its $63 million series B funding round.
Midi Health was founded in 2021 to treat women in midlife experiencing perimenopause and menopause and who often have few options for receiving adequate treatment due to a lack of physician training on menopause and the stigma around the condition. Midi offers telehealth services and hormonal treatments, nonhormonal treatments and supplements to treat the symptoms of menopause.
A tranche of female celebrities contributed to the cause through a $5 million special purpose vehicle spearheaded by lead investor of the series B round, the Operator Collective, the company announced Thursday,
Actress Amy Schumer, actress Connie Britton, producer Meena Harris, former Meta executive Sheryl Sandberg and fashion designer Tory Burch are among the celebrities that invested.
Other celebrity investors that contributed were: Waymo co-CEO Tekedra Mawakana, PagerDuty CEO Jennifer Tejada, Stripe executive Claire Hughes Johnson and Toast Chief Financial Officer Elena Gomez. Top executives from OpenAI, Atlassian, Databricks, Cloudflare, Google, Apple, Amazon, Meta, Life360, Calm, Universal Music Group and Warner Media also invested, the company said in a press release.
A total of 80 investors joined the round.
Other series B investors were the Emerson Collective, GV (Google Ventures), Memorial Hermann Health System, SemperVirens, Felicis, Icon Ventures, Black Angel Group, Gingerbread Capital, Ingeborg Investments, G9 and Operator Collective.
Midi’s website says that 80% of OB-GYNs are untrained in menopause, 75% of doctors feel uncomfortable talking about menopause with their patients and 75% of women who seek care for menopause-related symptoms do not receive treatment.
“This is truly an example of women investing in companies such as Midi that they want and believe need to exist in the world, putting their own money behind their belief in our goal of closing the care gap for perimenopause, menopause and beyond,” Midi Health CEO and co-founder Joanna Strober said in a statement. “It’s exciting to see women of such a wide array of fields and ages at the top of their game coming together to help build solutions in the marketplace that will effect change for other women.”
“Just like you, I have noticed a clear gap in companies that prioritize the needs of women and address the challenges they face when seeking healthcare. Midi is breaking new ground for women 35+ as their healthcare needs evolve,” Schumer said in a statement. “The SPV investment opportunity was a unique way for leaders across different industries to come together to ensure women’s health remains at the forefront of innovation, rather than as an afterthought as it has for so long. It’s important to invest in companies that impact us personally and be a force for change for women everywhere.”
