Elvie, a London, UK-based health and lifestyle brand developing smart technology for women, raised $42m in Series B funding.
The round was led by IPGL with participation from Octopus Ventures and Impact Ventures UK.
The company intends to use the funds to accelerate research and development efforts, as well as growing brand awareness and distribution for Elvie Pump and Elvie Trainer across the Americas, Europe and Asia.
Founded in 2013 and led by Tania Boler, CEO, Elvie provides Elvie Trainer, an app-connected Kegel trainer that helps women strengthen their pelvic floor using five-minute workouts with real time biofeedback. Last year, the femtech company launched its second product, Elvie Pump, a silent wearable breast pump, which creates an entirely new pumping experience that offers women complete freedom and mobility.