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The digital healthcare company Maven announced today that it has raised $27 million in Series B funding led by Sequoia Capital and Oak FC/HT, alongside participation from existing investors Spring Mountain Capital, 14W, and Female Founders Fund.
This new round of funding will allow Maven to enhance the functionalities of its flagship offering, Maven’s Family Benefit platform, which supports working mothers and new parents from fertility to return-to-work care and is being employed by top corporates in the U.S. The funding also implies that Sequoia partner Jess Lee, as well as Oak HC/FT partner Nancy Brown, will be onboarded to the Maven team.
Also, the company has decided to expand its return-to-work care products with the addition of breast milk shipping services. Maven’s new services are aimed at simplifying the troubles faced by new mothers and assisting them in returning to work comfortably.
“In a system that desperately needs reform, focusing on the core patient—women—and starting with the core experience of millennials starting families is critical,” said Kate Ryder, CEO and founder of Maven. “This is the beginning of a long-overdue change in our healthcare system, and in society at large. At Maven, we’re just getting started,” she adds further.
“There are so few companies out there tackling hard-to-solve women’s health challenges that are founded by women. Maven has done an amazing job creating a healthcare solution that helps give women the support they need at work,” remarks Jess Lee, partner at Sequoia. “I’m excited to collaborate with Kate and the Maven team to usher in an era of modern health services for today’s working families.”