Dealroom Deep Dive

Femtech

The latest data and global trends in femtech startups, venture capital, exits and innovation.

Raised in Q1 2026
$227M
VC funding · closed quarter
Raised in 2025
$724M
VC funding · full year 2025
Combined enterprise value
$50.2B
VC-backed Femtech startups · founded 1990+
Unicorns
13
$1B+ valuation or exit

Annual venture capital

Funding into Femtech startups has grown nearly tenfold over the past five years, reaching $724M in 2025. With $238M raised in the first 5 months of 2026, the full year is on track to land at $570M, a -21% change versus 2025. The chart below shows annual funding totals; the latest year is annualised from observed-to-date data and represents the renderer's projection, not a closed quarter.

Quarterly venture capital

Yearly totals mask the quarter-by-quarter rhythm. The chart below shows Femtech startups funding raised in each of the last 21 complete quarters through Q1 2026. All bars are actual closed-quarter sums, no projections, no in-progress quarters.

How femtech funding splits

Femtech spans the full arc of women's health, from fertility and pregnancy to chronic and age-related care. Round sizes and investor appetite differ sharply across these, so a single femtech total hides several markets moving at different speeds.

Fertility and reproductive health

The most funded layer: IVF and fertility clinics and software, egg freezing, contraception and the diagnostics underneath them. Clinical businesses here raise the largest rounds in femtech, and this is where much of the sector's enterprise value has compounded.

Pregnancy, maternal and menstrual health

Prenatal and postpartum care, maternal monitoring, lactation, and menstrual and cycle-tracking apps. A mix of consumer products and care-delivery models, with funding that tracks consumer-health and digital-health cycles more closely than the rest of the sector.

Menopause, chronic and preventive care

The newest and fastest-growing layer: menopause care, hormonal and metabolic health, pelvic health, and the preventive and longevity products aimed at women's health over a lifetime. Smaller rounds today, but the area drawing the most new investor attention.

Femtech share of Health venture capital

Femtech's share of Health venture capital tracks how much of Health's startup capital lands in this market. In 2016, Femtech startups accounted for 2.0% of Health VC funding; by 2026 the share had reached 0.7%. The chart below splits each year's total Health VC funding into Femtech on the bottom and the rest of the market on top.

Femtech venture capital raised by stage

How capital deployed into Femtech startups is split across round sizes. In the trailing four quarters, 15% of capital landed in scaleup ($100M+) rounds, 67% in breakout ($15–100M), and 17% across startups (under $15M). Each panel below stacks the canonical sub-bands across Q1 2022 → Q1 2026.

Femtech venture capital raised by stage, quarterly

Startup

Breakout

Scaleup

Top investors

The most active investors in Femtech startups ranked by the number of disclosed rounds they've participated in. Y Combinator leads with 40 rounds, followed by SOSV at 34. The table shows the top ten with their firm type, in-scope round count, total portfolio size, and headquarters.

Most active Femtech investors

#InvestorTypeInvestmentsPortfolioHQ
1 Accelerator 40 6,920 Mountain View, United States
2 Venture capital 34 1,250 Princeton, United States
3 Venture capital 21 482 New York City, United States
4 Venture capital 17 1,182 Menlo Park, United States
5 Accelerator 15 2,274 New York City, United States
6 Accelerator 13 428 Munich, Germany
7 Investment fund 13 1,352 Maisons-Alfort, France
8 Venture capital 12 915 San Francisco, United States
9 Venture capital 11 2,292 Palo Alto, United States
10 Venture capital 11 610 San Francisco, United States

See all investors in Dealroom

Source: Dealroom.co

Top companies

Two views of leadership in Femtech startups: the most-funded companies all-time on the left, and the hottest companies right now by Dealroom Signal on the right. Total-funding figures include all capital sources tracked by Dealroom (VC plus grants, project finance, and other instruments). Signal is Dealroom's live growth ranking, these are the firms with the strongest recent momentum across team, timing, growth, and completeness.

Top funded

All-time total funding (includes non-VC sources)

  1. 1Ro HealthNew York City, United States$1.0B
  2. 2LetsGetCheckedNew York City, United States$600M
  3. 3Maven ClinicNew York City, United States$428M
  4. 4BillionToOneMenlo Park, United States$391M
  5. 5KindbodyNew York City, United States$306M
  6. 6Flo HealthLondon, United Kingdom$276M
  7. 7Midi HealthLos Altos, United States$263M
  8. 8Sera PrognosticsSalt Lake City, United States$218M
  9. 9Xiamen MeiyouXiamen, China$200M
  10. 10Prelude FertilityFranklin, United States$200M
See all in Dealroom

Hottest (Dealroom Signal)

Ranked by Dealroom's growth indicator

  1. 1BillionToOneMenlo Park, United States95
  2. 2GlowSan Francisco, United States95
  3. 3Midi HealthLos Altos, United States94
  4. 4Ro HealthNew York City, United States94
  5. 5Allara HealthNew York City, United States94
  6. 6SusuLyon, France94
  7. 7EucalyptusSydney, Australia93
  8. 8Pomelo CareNew York City, United States93
  9. 9Visana HealthMinneapolis, United States92
  10. 10FemcareSödertälje, Sweden92
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Source: Dealroom.co

How Femtech funding is distributed geographically

Femtech venture capital is concentrated in a handful of ecosystems. The map below has a long tail, but a few hubs explain most of the global total.

The United States

The largest single source of femtech venture capital, anchored by the Bay Area, New York and Boston. Deep digital-health capital and the biggest acquirers keep the US share of the global total well ahead of any other region.

Europe

London, Berlin, the Nordics and a dense network of smaller hubs. Europe's femtech funding has grown quickly from a smaller base, helped by strong cycle-tracking and fertility companies and supportive women's-health policy in several markets.

The rest of the world

India, Israel, Singapore and a growing set of emerging-market hubs contribute meaningfully, often via mobile-first maternal and reproductive-health models. Coverage here is partial, and headline totals should be read as a floor rather than a full picture.

Top hubs

United States leads global Femtech startups funding at $361M, followed by United Kingdom ($75M). The chart ranks the top countries; alongside it, the leading Bay Area metro region leads the city ranking with $185M. Use the metric pills, and the dropdown, to switch view. The VC dropdown also covers the fastest-growing hubs and where Femtech startups venture capital and unicorns concentrate against the rest of the world.

Top metro regions

Femtech startups venture capital by metro · Last 12 months to end of Q1 2026

  1. 1Bay AreaUnited States$185M
  2. 2New York CityUnited States$144M
  3. 3LondonUnited Kingdom$68M
  4. 4LausanneSwitzerland$65M
  5. 5LilleFrance$47M
  6. 6ParisFrance$24M
  7. 7Minneapolis–Saint PaulUnited States$24M
  8. 8MadridSpain$21M
  9. 9MunichGermany$10M
  10. 10BostonUnited States$8M
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Top metro regions

Femtech startups venture capital by metro · Full year 2025

  1. 1New York CityUnited States$258M
  2. 2Bay AreaUnited States$113M
  3. 3LondonUnited Kingdom$82M
  4. 4LausanneSwitzerland$67M
  5. 5LilleFrance$47M
  6. 6CopenhagenDenmark$30M
  7. 7Minneapolis–Saint PaulUnited States$24M
  8. 8MadridSpain$21M
  9. 9BostonUnited States$14M
  10. 10Leeds–BradfordUnited Kingdom$7M
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Top metro regions

Femtech startups venture capital by metro · Q1 2026

  1. 1Bay AreaUnited States$100M
  2. 2New York CityUnited States$92M
  3. 3ParisFrance$24M
  4. 4MunichGermany$10M
  5. 5BrisbaneAustralia$1M
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Top metro regions

Femtech startups enterprise value by metro

  1. 1New York CityUnited States$20.0B
  2. 2Bay AreaUnited States$9.3B
  3. 3LondonUnited Kingdom$2.8B
  4. 4SydneyAustralia$1.2B
  5. 5BostonUnited States$1.0B
  6. 6Los AngelesUnited States$582M
  7. 7ParisFrance$413M
  8. 8AtlantaUnited States$401M
  9. 9Berlin/BrandenburgGermany$373M
  10. 10Cardiff-NewportUnited Kingdom$350M
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Top metro regions

Femtech startups unicorns by metro

  1. 1New York CityUnited States7
  2. 2Bay AreaUnited States3
  3. 3LondonUnited Kingdom2
  4. 4SydneyAustralia1
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Top metro regions

Femtech VC growth by metro · Last 12 months to end of Q1 2026 vs 2025

  1. 1Bay AreaUnited States+63%
  2. 2New York CityUnited States-44%

Top metro regions

Femtech VC concentration by metro · Last 12 months to end of Q1 2026

  1. 1New York CityUnited States7.22×
  2. 2Bay AreaUnited States0.14×

Top metro regions

Femtech unicorn concentration by metro · by HQ

  1. 1SydneyAustralia5.37×
  2. 2New York CityUnited States3.62×
  3. 3LondonUnited Kingdom1.41×
  4. 4Bay AreaUnited States0.18×

Femtech on the map

Where Femtech startups VC-backed startups are based. Each marker is sized by the number of VC-backed startups HQ'd in that metro. Bay Area leads at 64, followed by New York City at 55. Scroll or drag to explore, pinch with two fingers on mobile.

Notable rounds

Over the last 12 months (through Jun 2026), the largest VC rounds in Femtech startups reveal where capital is consolidating. The table below lists the 15 biggest disclosed rounds by amount, with date, company, round type, and lead investors. Funding events without a public amount are excluded; acquisitions sit in the Unicorns & Exits section.

Biggest Femtech rounds · Last 12 months to end of Q1 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Feb 2026Midi Health$100MSERIES DGoodwater Capital
Jan 2026Pomelo Care$92MSERIES CStripes
May 2025ReproNovo$65MSERIES AJeito Capital, AXA Investment Managers
Oct 2025SheMed$50MLATE VC,
Oct 2025Midi Health$50MSERIES CAdvance Venture Partners
Oct 2025Lattice Medical$47MSERIES BBpifrance
Aug 2025Gameto$44MSERIES COverwater Ventures
Aug 2025Visana Health$24MEARLY VC,
Sep 2025Savemom$23MEARLY VCNavyug Global Ventures
Apr 2025Overture Life$21MLATE VCOverwater Ventures, Khosla Ventures
Jun 2025Materna Medical$20MSERIES BInnovaHealth Partners
Jan 2026BrightHeart$12MSERIES AGO Capital, Odyssée Venture
Mar 2026May Health$12MLATE VCTrill Impact, Bpifrance
Mar 2026Wellster Healthtech Group$10MGROWTH EQUITY VCClaret Capital Partners
Sep 2025Seven Starling$8MSERIES ARethink Impact
See every round in Dealroom

Biggest Femtech rounds · Full year 2025 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Jan 2025LetsGetChecked$165MSERIES FOptum Ventures
May 2025ReproNovo$65MSERIES AJeito Capital, M Ventures
Oct 2025SheMed$50MLATE VC,
Oct 2025Midi Health$50MSERIES CAdvance Venture Partners
Oct 2025Lattice Medical$47MSERIES BBpifrance
Aug 2025Gameto$44MSERIES COverwater Ventures
Jan 2025Allara Health$26MSERIES BIndex Ventures
Aug 2025Visana Health$24MEARLY VC,
Feb 2025Female Invest$23MEARLY VC,
Sep 2025Savemom$23MEARLY VCNavyug Global Ventures
Apr 2025Overture Life$21MLATE VCGV, Khosla Ventures
Jun 2025Materna Medical$20MSERIES BInnovaHealth Partners
Jan 2025Gaia$14MEARLY VCValar Ventures
Jan 2025Teal Health$10MSEEDEmerson Collective, Forerunner Ventures
Jan 2025Twentyeight Health$10MSERIES ASeae Ventures
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Biggest Femtech rounds · Q1 2026 (Top 8 rounds)

DateCompanyAmountRoundLead investors
Feb 2026Midi Health$100MSERIES DGoodwater Capital
Jan 2026Pomelo Care$92MSERIES CStripes
Jan 2026BrightHeart$12MSERIES AOdyssée Venture, GO Capital
Mar 2026May Health$12MLATE VCTrill Impact, nexpringhealth.com
Mar 2026Wellster Healthtech Group$10MGROWTH EQUITY VCClaret Capital Partners
Jan 2026On the House Group$1MSEEDPurpose Ventures
Feb 2026LaevaCare | LevitaCare$0EARLY VCDelphinus Venture Capital
Jan 2026Clue App$0GROWTH EQUITY VCVerdane Capital
See every round in Dealroom

Source: Dealroom.co · Updated 17 Jun 2026

What's heating up inside Femtech

Which corners of Femtech are heating up fastest? Each sub-sector is scored on a transparent blend of two-year VC growth, unicorn formation, and recent funding scale. Menopause tops the ranking, with venture capital up 9% over three years to $104M in 2025 and 1 unicorns. Sub-sector tags overlap (a company can sit in several), so this shows where momentum concentrates rather than splitting the total.
1Menopause
+9%2-yr VC growth
$104MVC raised
1unicorns
$2.3BEV
2Fertility
-15%2-yr VC growth
$349MVC raised
4unicorns
$11.1BEV
3Pregnancy
-71%2-yr VC growth
$73MVC raised
4unicorns
$8.5BEV
4Women's Health
-22%2-yr VC growth
$147MVC raised
2unicorns
$6.3BEV
5Reproductive Health
-64%2-yr VC growth
$113MVC raised
2unicorns
$7.4BEV

Source: Dealroom.co · Updated 17 Jun 2026

Unicorns & exits

Femtech startups have minted 13 unicorns to date. Dealroom defines a unicorn as a company that has reached a $1B+ valuation or exit (verified and manually reviewed; other lists use different criteria, this is ours). Of those, 0 are decacorns, companies at a $10B+ valuation. The ecosystem also counts 13 thoroughbreds: companies generating $100M+ in revenue (a separate lens from unicorns, with some overlap). The chart below shows the cumulative count climbing each year, with the line tracking new unicorns minted in that year, peaking at 3 in 2021. On exits, the sector has produced 67 tracked acquisitions since 2010 representing $3.8B in disclosed value. Notable acquisitions in the data include Eucalyptus ($1.1B, 2026), followed by KaNDy Therapeutics ($425M, 2020), HoneyPot Company ($380M, 2024).

The academic flywheel

Universities are the talent pipeline behind Femtech, the institutions whose alumni found the most unicorns and venture-backed companies, and the research that spins out into them.

Universities by alumni-founded unicorns

UniversityAlumni unicornsAlumni EV
Stanford University000$0.0T
Harvard University000$0.0T
MIT000$0.0T
Tsinghua University000$0.0T

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Femtech startup IP & patents

The patent portfolio behind Femtech startups, granted patent families, where the IP concentrates, and the technologies driving it.

Patent families by startup hub

HubPatent families
Bay Area00,000
New York00,000
Boston00,000
London00,000

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Lorenzo Chiavarini
Curated byLorenzo ChiavariniHead of Research, Dealroom

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