Boston-based Heranova Lifesciences, a females’s health care business concentrating on reproductive health, pregnancy and menopause, revealed its launch with $13.5 million in seed and seed+ financing.
Emerging Technology Partners, Pivotal bioVenture Partners China, Sinovation Ventures and Triwise Capital took part in the round.
WHAT IT DOES
The business, which likewise has an existence in China, uses diagnostic screening and rehabs for endometriosis and a non-antibiotic vaginal germs restorative for bacterial vaginosis. It likewise supplies a hereditary test along with endometrial receptivity and microbiome trio test for female fertility.
Heranova will utilize the funds to introduce numerous non-invasive endometriosis tests and advance 2 restorative programs for bacterial vaginosis and endometriosis.
“Having access to hassle-free and dependable diagnostic tests will be an essential turning point in the total management of endometriosis and other females’s illness,” Dr. Farideh Bischoff, primary diagnostic medical officer at Heranova, stated in a declaration.
“The diagnostic items established by our R&D group have actually gotten recommendation from international leading KOLs as they might assist to considerably reduce the time from illness start to medical diagnosis and subsequent treatment. To supply an incorporated service, we are likewise establishing first-in-class, non-hormonal restorative programs for endometriosis.”
MARKET SNAPSHOT
Women’s health tech still comprises a reasonably little part of general digital health financing, and the sector is ripe for financial investment
Other business concentrating on digital health developments that have actually gathered financing consist of virtual ladies and household health supplier Maven Clinicwhich raised $90 million in Series E financing in 2015, bringing its overall raise to $300 million.
Maternity-focused digital health business Diana Health protected $34 million in Series B financing in October, hybrid fertility and reproductive care business Kindbody scored $25 million in May, and females’s health care platform Iron Healthwhich enables obstetrician-gynecologists to link their clients with main and other specialized care, released in March with $4.5 million in seed financing