Elvie, a London, UK-based femtech company, raised £58m in Series C funding.
The round was led by BGF, with participation from funds and accounts managed by BlackRock Private Equity Partners and a consortium including Hiro Capital and Westerly Winds, plus existing investors Octopus Ventures and IPGL. In addition, Daina Spedding, BGF, and Persefoni Noulika, BlackRock, will join the Elvie board.
The company intends to use the funds to continue for:
- innovation and the development of new products and services for women,
- continued expansion into new and existing markets, and
- strengthening operations and infrastructure.
Founded in 2013 by CEO Tania Boler and also led by recent hire Sarah Highfield, COO and CFO, Elvie is a global health and lifestyle brand developing products for women, including:
- Trainer, an app-connected Kegel trainer that helps women strengthen their pelvic floor,
- Pump, a silent wearable breast pump,
- Catch, two breast milk collection cups with slip-proof security, and
- Curve, a wearable, silicone breast pump.