Top 10 Leading FemTech Companies Revolutionizing Women's Health

[Source - helloclue]

Ida Tin, the maestro behind inventing the phrase FemTech. FemTech, or women’s health technology, has gained immense importance since women's empowerment came into the limelight. It was a necessity as women have the magical powers to give birth to a new life. To give birth to a new life, the woman herself should be fit & fine, shouldn’t she? The health horizon for women has expanded in recent years beyond its primary focus on fertility & pregnancy. It now addresses sensitive or taboo topics like disease management, menopause handling, sexual wellness, pelvic health & mental health too. Despite the growth, there’s still scope for more female-led innovations in this sphere to address several issues for women to feel better & safer. There still exist some concerns like cancer detection, teenage health issues, loss of bladder control, or menopause that need attention.

As women possess the power to give birth, they become ready for the process at a pretty early stage in life. The women’s health market offers impeccable potential as women have started to use digital health technology increasingly.  In 2023, according to a Rock Health Report, the female health market raised the most funding ever, $1.8 billion, till August. Technology has emerged as a major disruption as the market continues to grapple with the challenges faced along the way.  Some tech startups are starting to gain limelight as they are into FemTech & the field is recently getting the much-deserved limelight. Here are some of them:

1.  Elvie

[Source -Forbes]

Founding Year: 2013

Founder: Tania Boler

Specialty: Wearable breast pumps

Location: United Kingdom, London

In the FemTech companies list, UK-based Elvie, apart from introducing the pelvic floor trainers to strengthen the vaginal muscles, it has entered a diverse product range of wireless & hands-free breast pumps. It substantially transformed the market as it also introduced a Kegel trainer that uses biofeedback technology to strengthen the pelvic muscles via a fun five-minute workout activity.

2.  Bloomlife

[Source - X]

Founding Year: 2014

Founders: Eric Dy and Julien Penders

Specialty: Wearable device to measure maternal & fetal heartbeat

Location: San Francisco, United States

Bloomlife has a holistic approach to motherhood. It tries to diminish the world’s mortality & morbidity rates intertwined with pregnancy. It integrates a remote prenatal care platform that combines medical expertise, technology & data science. It is a perfect combination of modernized care that an expecting mother needs. Women can supervise their own & fetal health at home, in addition to being able to use the Bloomlife platform.

3.  Natural Cycles

[Source - Tech.eu]

Founding Year: 2013

Founders: Dr. Elina Berglund and Dr. Raoul Scherwitzl

Specialty: Multiple products

Location: Stockholm, Sweden

Natural Cycles has a competitive advantage over its competitors in the FemTech industry. It is the first FDA-approved birth control app that functions by calculating the body temperature to scrutinize fertility chances. Unlike other Femtech companies who assume a woman’s cycle to be 28 days, Natural Cycles, draws its study from individual women’s data. The thermometer & app-based method gives 93% accuracy while, if the app is used as instructed with perfection, the result accuracy goes up to 97%. Contraception methods don’t work all the time.   

4.  Flo

[source - Unicorns Lithuania]

Founding Year: 2015

Founders: Dmitry and Yuri Gurski

Specialty: Period tracking app

Location: London, England

Flo uses artificial intelligence to help a woman track her period cycle instead of using paper & pen or simply remembering. The app keeps track of around 70 bodily signals like headaches & discharges. Data security is highly regarded in the FemTech company as it limits employees to go through people’s data. It is committed to not selling users' details outside of the company.  

5.  Clue

[Source - Wikipedia]

Founding Year: 2012

Founder: Ida Tin

Specialty: Period tracking app

Location: Berlin, Germany

With a 4.8-star rating on the App Store and 12 million monthly users, Clue is one of the most accepted free period-tracking apps to date. It uses each user’s data individually to suggest insights into their menstruation cycle. Ida Tin, who coined the term FemTech in 2016, is the founder of Clue. The term & her app were widely embraced by the world.

6.  Maven Clinic

[Source - Sequoia Capital]

Founding Year: 2014

Founder: Katherine Ryder

Specialty: Digital clinic

Location: New York, United States

Maven Clinic is a B2B e-healthcare clinic that pioneers conception, pregnancy & postpartum care. The FemTech organization offers multiple services to its users, like support for IVF, egg freezing & on-demand video appointments. The record of April 2024 says the clinic has helped 17 million families in 175 countries.    

7.  Syrona Health 

[Source - Femtech Insider]

Founding Year: 2020 

Founders: Anya Roy and Chantelle Bell

Specialty: Virtual Healthcare Assistance

Location: England, United Kingdom

A telemedicine company specifically for females. Specialists exist who are experts in uterine health & reproductive medicine. Apart from virtual visits, Syrona Health also has a home screening arm that allows expecting moms to be doubly sure they do not have cervical cancer. They also receive a fertility profile & more via mail-order kits. It offers a data-backed platform called SORA that helps people to stay on top of health & lifestyle changes.

8.  HeraMED

[Source - Small Caps]

Founding Year: 2011

Founders: David Groberman and Tal Slonim

Specialty: Maternity Care

Location: Netanya, Israel

HeraMED assures peace of mind to expecting mothers & their families. It gives this assurance by providing a chance to hear their about-to-be-born baby’s heart rate at any given time using a dumpling-like HeraBEAT sensor. It measures the heart rate & pulse of the baby, which provides a sigh of relief to anxious & worried parents. It saves the parents from unnecessary hospital visits when the mother predicts the child not being awake in the womb.     

9.  Carrot Fertility

[Source - Amplify Talent]

Founding Year: 2015

Founder: Tammy Sun

Specialty: Fertility Care

Location: Menlo Park, California

Carrot Fertility is a leading FemTech company in the United States. Their services include pregnancy treatments, postpartum, menopause support, assistance in adoption procedures, & surrogacy. They have a network of clinics & agencies with a complete telemedicine & care navigation platform. Additional services include egg freezing, gestational carrier services, IVF, &more. It currently operates in 50 countries across 5 continents.  

10.  LactApp

[Source - LinkedIn]

Founding Year: 2016

Founders: Enric Pallares Roura, Alba Padro Arocas, and Maria Berruezo.

Specialty: New Mom Training

Location: Barcelona, Spain

For new mothers, breastfeeding can be a big challenge. Several aspects of motherhood are widely covered by digital methodologies these days. This Spanish app provides a rich resource of information to new mothers about lactation & maternity. The first couple of months are of huge help for these mothers. Launched in 2017 as a FemTech app, it has addressed more than 20 million queries. The app has an automatic symptom checker with 76,000 paths that lead to 2,500 unique responses with a messaging option where mothers get responses to queries.  

Conclusion

These 10 FemTech startups highlight the innovativeness of the companies that are striving to achieve the best results in women’s health. As this industry continues to grow, we can expect to see some more revolutionary products & services that empower women to take charge of their own health. All these are efforts towards making women independent when it comes to medical needs, especially motherhood.  

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