Female health start-up Elvie has secured a 42 million US dollar (£32 million) funding round led by former Conservative Party treasurer Michael Spencer, in the largest ever femtech investment. Female health start-up Elvie has secured a 42 million US dollar (£32 million) funding round led by former Conservative Party treasurer Michael Spencer, in the largest ever femtech investment. Mr Spencer, chief executive of private investment vehicle IPGL, led the round, with support from venture capital firms Octopus Ventures and Impact Ventures UK. The group is one of the fastest-growing firms in the so-called femtech sector and is forecasting revenues of £23 million in 2019. On Monday, US start-up NextGen Jane announced nine million US dollars (£7 million) of funding to help it develop technology to diagnose endometriosis.

Source: Irish Independent April 02, 2019 12:37 UTC