Women’s Health Startup Receives $4 Million Investment for Menopausal Care
Women’s health startup Genneve has just received a $4 million investment from venture capitalist firm BlueRun Ventures. The Seattle based startup runs a telemedicine service that addresses healthcare for menopausal women.
Genneve currently operates in 23 states and plans to expand its services to all 50 states by the end of 2020. They plan to address the lack of OB-GYN providers by providing care where there is none. According to the American College of Obstetrics and Gynecologists, 50% of all U.S. counties are without an OB-GYN, with that percentage expected to increase by 2020.
Managing Partner for BlueRun Cheryl Cheng said of her firm’s investment, “We are excited about the opportunity to use technology and data to help women understand and manage their health in the second half of life in a positive way.”
You can learn more about Genneve and the team behind the startup here.
The Realist Woman’s take:
I didn’t realize there was a shortage of OB-GYN’s in this country, as well as a lack of care for menopausal women. But when you think about it, most women lack healthcare in general so it’s wonderful to read about a company serving women’s needs through technology.
Investing in women’s healthcare is important and it’s these innovative ventures dedicated to serving women that excites and inspires. Their initiative to help those in need and their leadership is going to change lives.