Natural Cycles, a Stockholm, Sweden-based girls’s well being firm that developed a contraception app, raised $55M in Collection C funding.
The spherical was led by Lauxera Capital Companions, with participation from Point72 Non-public Investments and a revolving debt facility from J.P. Morgan. Buyers additionally included EQT Ventures, Samsung Ventures, Heartcore Capital, Headline, and Bonnier Ventures. As a part of the funding, Samuel Levy, founding companion of Lauxera Capital Companions, will be part of Pure Cycles’ Board of Administrators.
The corporate intends to make use of the funds to spend money on business acceleration, new product improvement, and healthcare reimbursement automation.
Based in 2013 by Dr. Elina Berglund Scherwitzl and Dr. Raoul Scherwitzl, Pure Cycles gives a direct-to-consumer contraceptive app that has been utilized by greater than three million customers worldwide. The NC° app is empowered by an algorithm that makes use of physique temperature to find out every person’s every day fertility standing. Customers can manually take their physique temperature with a thermometer or sync in a single day temperature development information from an Oura Ring or Apple Watch once they get up. The app was cleared by regulators in the USA (FDA), Europe (TÜV SÜD), Canada (Well being Canada), Australia (TGA), Singapore (HSA), and South Korea (MFDS).
Earlier this month, the corporate launched NC° Postpartum, an modern expertise inside the Pure Cycles app particularly tailor-made to assist information new mothers recovering bodily and mentally from childbirth. NC° Postpartum builds on the opposite three modes already accessible inside the Pure Cycles app – NC° Beginning Management, NC° Plan Being pregnant, and NC° Observe Being pregnant – offering customers with assist all through their fertility journey.
FinSMEs
30/05/2024
