Maven, a NYC-based digital health company, raised $27m in Series B funding.
The round, which brought total funding to $42m, was led by Sequoia Capital and Oak HC/FT, with participation from existing investors Spring Mountain Capital, 14W, and Female Founders Fund. In conjunction with the funding, Sequoia partner Jess Lee and Oak HC/FT partner Nancy Brown will join the Maven board.
The company intends to use the funds to enhance its flagship product, Maven’s Family Benefits platform, which supports working mothers and new parents with everything from fertility through return-to-work care, and is currently offered by employers like Snap, Cleary, Protective Life, and Bumble.
Founded in 2014 by Kate Ryder, CEO, Maven operates a large digital women’s and family health provider network, with vetted providers that range from OB-GYNs to women’s health physical therapists to career coaches, to give on-demand access to healthcare. The company’s B2B offering for employers and health plans, Maven’s Family Benefits platform, provides working women and families with inclusive programs for everything from adoption to IVF to maternity care to tracks for Dads.
Maven works with global companies that range in size from 200 to 200,000+ people, delivering care to more than 150,000 patients.
The company also announced that it has expanded its return-to-work care products with the introduction of a breastmilk shipping service. The new service, combined with the existing healthcare platform, will provide working mothers and parents with support to return to work.