No matter what’s our situation on a personal level, we all are trying to improve under some capacity or the other. We do so because it remains the only organic way through which we can optimize our overall potential. Now, building productively upon your current circumstances might be beneficial, but it’s really not the easiest thing in the world. Recognizing the said difficulties in play, the world conceived various ideas that were all centered on guiding us whenever things would get a bit too tricky. While each of these tools boasted a highly valuable skill-set, one that ended up getting the most traction was, hands down, technology. Notably, the decision to place technology a notch above everything else wasn’t any random call. Instead, it was inspired by the creation’s promise to elevate our lives beyond the known limits, therefore helping human beings big time in regards to uncovering a whole new dimension of themselves. With technology making such a significant impact on a granular level, it was natural for it to just spill across a wider radius. As a result, it touched up the entire spectrum, but the creation’s most meaningful foray came within our medical sector. Technology’s stewardship would take healthcare to unbelievable heights, changing the core meaning of it in the process. This rewritten definition will prove critical, while the medical industry prepared to win over the masses. As of today, even though that goal has long been achieved, the sector is still moving steadily on its path to get better, and the said approach was quite evident during a recent funding round.
HerMD, female-founded startup, has officially raised $10 million in Serie A financing. According to certain reports, the round was led by JAZZ Venture Partners, and if we talk about the intended utilization of the raised funds, the same reports suggest an expansion for HerMD’s women sexual health and menopause services. Currently located only in Cincinnati and Crescent Springs, Kentucky, the company serves customers from over 30 US states, as well as Canada, so expanding its presence seems like a reasonable move. To get the expansion rolling, HerMD plans on opening healthcare centers in Indiana and New Jersey by the end of 2022. Beyond that, the company might consider tapping into markets such as Denver, Atlanta, and Nashville etc. Apart from the physical expansion, the funding will also fuel HerMD’s pursuit to bolster virtual care. The 2022 target for telehealth services revolves around entering 10 new states, whereas in 2023, the company hopes to have an established presence across all 50 states.
“This round marks an incredible milestone for women’s healthcare,” said Meghan Reynolds, partner at JAZZ. “We believe the HerMD care model is uniquely positioned to disrupt one of the fastest-growing segments in healthcare.”
