Heranova Lifesciences, a women’s healthcare tech company focusing on reproductive health, pregnancy, and menopause, raises $13.5 million in seed funding.
The seed investment round was led by Emerging Technology Partners, Pivotal bioVenture Partners China, Sinovation Ventures, and Triwise Capital.
Heranova Lifesciences, which also has a presence in China, offers diagnostic testing and therapeutics for endometriosis and a non-antibiotic vaginal bacteria therapeutic for bacterial vaginosis. The company also provides a genetic test as well as endometrial receptivity and microbiome trio test for female fertility.
With new funds, Heranova Lifesciences intends to launch several non-invasive endometriosis tests and progress two therapeutic programs for bacterial vaginosis and endometriosis.
“Having access to convenient and reliable diagnostic tests will be a key milestone in the overall management of endometriosis and other women’s diseases,” Dr. Farideh Bischoff, chief diagnostic medical officer at Heranova, said in a press statement.
“The diagnostic products developed by our R&D team have received endorsement from global-leading KOLs as they may help to significantly shorten the time from disease onset to diagnosis and subsequent treatment. To provide an integrated solution, we are also developing first-in-class, non-hormonal therapeutic programs for endometriosis.”
According to the Health IT Media funding database, digital health companies have raised more than $120 billion in funding to date. But, women’s health tech still makes up a relatively small portion of overall digital health funding, and the sector is ripe for investment. Other women’s health companies focusing on digital health innovations that have garnered funding include virtual women and family health provider Maven Clinic, which raised $90 million in Series E funding last year, bringing its total raise to $300 million.
Maternity-focused digital health company Diana Health secured $34 million in Series B funding in October, hybrid fertility and reproductive care company Kindbody scored $25 million in May, and women’s healthcare platform Iron Health, which allows obstetrician-gynecologists to connect their patients with primary and other specialty care, launched in March with $4.5 million in seed funding.