Caraway, a digital care startup targeted on offering psychological, bodily and reproductive healthcare for school college students, emerged from stealth with $10.5 million in seed funding.
The seed was led by 7wireVentures and OMERS Ventures, with participation from Hopelab Ventures and angel traders.
WHAT IT DOES
Constructed from a partnership between 7wireVentures, OMERS Ventures, CEO Lori Evans Bernstein and COO Joshua Tauber, Caraway plans to supply team-based digital take care of college-age ladies and others with comparable reproductive care wants.
Bernstein beforehand served within the first Workplace of the Nationwide Coordinator (ONC) for Well being IT in the course of the George W. Bush administration. She was additionally cofounder and president of scientific AI firm HealthReveal, which was acquired by Accolade final yr.
The startup will provide a care workforce made up of gynecologists, psychiatrists, household medical practitioners, adolescent specialists, therapists, nurses and care coaches. Sufferers may even have the ability to entry care via its app, like chatting with a nurse practitioner, getting referrals to in-person care and ordering house assessments for UTIs and STIs.
Caraway plans to launch in fall this yr.
“Many faculty college students are in disaster, and for ladies, getting the care they want is more and more difficult. It should not be this fashion,” Bernstein mentioned in a press release. “Our college students go to school not just for an educational expertise, but additionally to discover ways to cope and flourish independently.
“Caraway combines an skilled scientific care workforce and passionate GenZers to assist ladies+ in caring for themselves in an more and more difficult and onerous to entry healthcare system.”
THE LARGER TREND
Caraway is pitching its digital providing as a means to enhance care entry and coordination notably for school ladies, a lot of whom face a modified reproductive healthcare panorama after Roe v. Wade was overturned. The COVID-19 pandemic additionally took a toll on younger adults’ psychological well being.
One other digital well being firm targeted on faculty college students is Mantra Well being, which focuses on psychological healthcare. Earlier this yr, it raised $22 million in Collection A funding to develop its supplier community, enhance its scientific infrastructure and improve its capabilities to deal with a wide range of psychological well being wants, together with for extra extreme circumstances.
Femtech and digital care geared towards ladies symbolize a steadily increasing area inside digital well being. Alpha Medical, a digital major care startup targeted on ladies, raised $24 million final yr and just lately added diabetes care choices.
Hybrid supplier Tia has been increasing its brick-and-mortar places within the Bay Space after scooping up $100 million in Collection B funding in 2021. In the meantime, ladies’s and household care supplier Maven Clinic introduced a $110 million Collection D increase in August of final yr.