HerMD Secures $18M in Series A-1 Funding to Transform Women's Healthcare

HerMD, the female-founded and physician-led provider of women's health care, has been successful in raising $18 million in a Series A-1 fundraising round that was oversubscribed. B-Flexion and Amboy Street Ventures joined current investor JAZZ in leading the financing. HerMD's total capital has now increased to around $30 million with this additional investment.

The strategic investment is anticipated to hasten HerMD's aim of revolutionising women's healthcare by empowering women to take charge of their own health journeys through patient-centric, women-powered, and inclusive care. The firm intends to use the funds to enhance its virtual care options, increase its geographic reach by creating additional brick-and-mortar sites, and invest in team expansion through a succession of smart hires. Additionally, this money will aid in the expansion of HerMD University, the business's own educational platform that gives healthcare professionals the necessary credentials to better serve women.

HerMD was established in 2015 by Chief Medical Officer Dr. Somi Javaid. The company's first site was in Cincinnati, and it has since expanded to serve patients all across the country through five locations and virtual care services.

The company's commitment to revolutionising women's healthcare was shown by Dr. Somi, who said, "At HerMD, we're dismantling the status quo, which hasn't worked for patients or providers for a very long time... I created an inclusive model that truly works for women."

Women deserve a healthcare model that addresses their concerns, no matter how private they are or how lost they feel navigating them, according to HerMD CEO Kathy McAleer. We are working to address this disparity and close the enormous gaps in our healthcare system.

HerMD offers both in-person and online treatment options for complete women's healthcare, with an emphasis on menopause and sexual health. All appointments are between 20 and 60 minutes long, and Medicare and insurance are used to pay for all medical treatments. The firm also places a high priority on the provider experience since it understands how important it is in resolving the flaws in the current healthcare system.

Investors enthusiastically supported the strategic investment. As Sharon Knight of JAZZ put it, "They're delivering an outstanding standard of menopause and sexual healthcare - two spaces that are underserved." Sharon Knight expressed trust in HerMD's goal. Carli Sapir of Amboy Street Ventures, who is also a patient of HerMD, expressed her appreciation for the firm's knowledge.

HerMD intends to open more facilities in the upcoming months, including its first in the New York Metropolitan Area and a second in Nashville. In order to improve knowledge of neglected women's health concerns and grow its network of healthcare professionals, the organisation will also make fresh data public.