The United States has the highest rate of pregnancy-related deaths in the industrialised world. According to the Harvard Business Review, the rate more than doubled in about two decades—from 10.3 per 100,000 live births in 1991 to 23.8 in 2014. The United States is also the only country in the developed world that offers no paid parental leave regulated by law.
In 2014, Katherine Ryder founded Maven Clinic, an NYC-based digital health startup designed to address these gaps in the family healthcare system.
“As my friends began having kids, I found it alarming how difficult and confusing it was to get basic support for one of life’s biggest and most profound events,” she explained on the company’s website. “I heard over and over—and I eventually experienced myself—the gaps in care that women and couples face, particularly around fertility, pregnancy, and postpartum care.”
“I also saw that in order to provide high quality care, we would need highly-skilled providers who could meet patients where they are, on their terms: to listen to the needs of working families, and to give women’s and family health a more central voice in the healthcare system.”
As such, Maven offers an on-demand digital care centre to help individuals and families with fertility procedures such as IVF and egg freezing, pregnancy and postpartum care, adoption, surrogacy, paediatrics, loss, return-to-work, breast milk shipping and reimbursement management. The Maven health practitioner network assists users through video appointments, private messaging as well as a family benefits healthcare platform.
Employers and healthcare professionals also have access to services to support family planning and diversity in the workplace. Career coaching and support as well as customised managerial training for human resource professionals.
Maven raised $45 million in Series C funding, bringing its investments to a total of $88 million thus far. The round was led by Icon Ventures with participation from existing investors Sequoia, Oak HC/FT, Spring Mountain Capital, Female Founders Fund and Harmony Partners. Several influential celebrities also participated in the investment round, including Reese Witherspoon, Natalie Portman, Mindy Kaling and Anne Wojcicki.
“Maven is addressing critical gaps in care by offering the largest digital health network of women’s and family health providers,” said Tom Mawhinney, lead investor from Icon Ventures. “With its virtual care and services, Maven is changing how global employers support working families by focusing on improving maternal outcomes, reducing medical costs, retaining more women in the workplace, and ultimately supporting every pathway to parenthood.”