In the world of startups, a new trend is emerging that for many could not have come too early. Why are there so few women in leadership positions? Menopausal women, for example, have been known to leave management positions. In the UK, menopause is responsible for around 14 million lost work days and 1 million premature absences, according to a study. In fact, we just reported about the new startup Peppy, which deals with employee health.
Now Vira Health has raised £ 1.5 million seed funding from LocalGlobe and MMC Ventures. Angel investors such as Megumi Ikeda (Hearst Ventures), Andrea Zitna from Elvie, Sofia Bendz, Matt Robinson and Simon Lambert also took part in the round.
Vira Health was founded in 2020 by Andrea Berchowitz and Rebecca Love and stands for personalized menopause care. His first product, Stella, is a menopause relief app that highlights 12 week menopause treatment plans, content, and virtual events like yoga classes or a Q&A with a gynecologist.
Andrea Berchowitz, co-founder of Vira Health, said, “In the past, too little research and investment have been made into women’s health issues, and this is still the case today. There is an opportunity through technology to restore this balance by improving the collection and use of data on women in health care. This first round of seed funding is a step towards realizing our vision. “
Remus Brett, Investment Partner, LocalGlobe, said, “Menopause is an important phase in a woman’s life and the current health care system is struggling to provide the multi-faceted, long-term support women need.”
Alexia Arts, Investor at MMC Ventures, said, “At MMC Ventures, healthcare is a key area for research and investment. We see tremendous potential in the collection and use of data insights to reshape the way healthcare is practiced and delivered. This is particularly relevant in women’s health care, where there is a well-documented gender data gap that needs to be addressed. ”
Prior to founding Vira Health, Berchowitz was an Associate Partner at McKinsey & Company, worked in women’s health in the public and private sectors, and led the Middle East business for the Bill and Melinda Gates Foundation.