There has been a recent surge of interest and investment in the FemTech industry, particularly in fertility, maternal health, and sexual wellness fields. As an example, Progyny
, a fertility benefits management company, went public in 2019 with a valuation of over $1 billion. By 2022, its market capitalization had grown to $4 billion. Another example is Cayaba Care
, a digital platform that provides affordable at-home care for soon-to-be moms, that raised $12M in Series A funding in 2022
However, despite the recent surge of interest and investment, overall funding for FemTech still lags behind other healthcare sectors. This can make it challenging for startups to gain traction and scale up.
Implementing digital solutions in healthcare requires significant resources, which can slow down progress.