Total amount raised
$9.7 Millions
Latest funding date
10/01/2022
Location
Hey Jane has successfully raised funds through multiple rounds, with its latest funding round closing on October 19, 2022. The company has attracted a diverse group of 18 investors, including Social Starts and Portfolia.
Keep reading to explore the intricacies of Hey Jane's fundraising journey and the investors backing this innovative telehealth platform.
What Is Hey Jane?
Hey Jane, founded in 2021, is a telehealth startup based in New York, New York. The company was established by Gaby Izarra, Kate Shaw, and Kiki Freedman.
Operating in the telemedicine and reproductive health care industry, Hey Jane offers a range of services including medication abortion, birth control, emergency contraception, and treatments for UTIs, yeast infections, bacterial vaginosis, and herpes. The company employs between 11 and 50 people.
Hey Jane aims to provide convenient, inclusive, and patient-driven care, reimagining treatment for common but underserved health needs. Their services are designed to be safe, private, and supportive, with virtual consultations and fast delivery of treatments.
How Much Funding Has Hey Jane Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 1, 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to set up the company and develop its telehealth platform.
- Seed Round
- Amount Raised: $3.6M
- Date: July 29, 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and expand telehealth services.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 1, 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance service offerings.
- Venture Round
- Amount Raised: $6.1M
- Date: October 19, 2022
- Lead Investors: Ulu Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand access to abortion pills and other telehealth services in response to increased demand.
Total Amount Raised: $9.7M. Current Valuation: Not publicly disclosed.
Key Investors
- Ulu Ventures
- Details: Ulu Ventures is a venture capital firm that focuses on early-stage investments. They are known for supporting diverse and inclusive teams.
- Investment Focus Areas: Early-stage technology companies, diverse and inclusive teams.
- Notable Investments: Not publicly disclosed.
- The Helm
- Details: The Helm is a venture capital firm that invests in female entrepreneurs. They aim to positively impact women through their investments.
- Investment Focus Areas: Female-led startups, health and wellness sectors.
- Notable Investments: Not publicly disclosed.
- Amboy Street Ventures
- Details: Amboy Street Ventures is a venture capital firm specializing in sexual health and women’s health. They aim to address underserved areas in these sectors.
- Investment Focus Areas: Reproductive health, sexual wellness.
- Notable Investments: Not publicly disclosed.
- Portfolia
- Details: Portfolia is a venture capital firm that focuses on investing in companies that cater to women’s health and wellness. They aim to create a positive impact on women's lives.
- Investment Focus Areas: Women-led startups, health and wellness.
- Notable Investments: Not publicly disclosed.
- Social Starts
- Details: Social Starts is a venture capital firm that invests in early-stage companies. They focus on sectors that improve health and wellness, work and living, and knowledge.
- Investment Focus Areas: Early-stage companies in health and wellness, work and living, knowledge sectors.
- Notable Investments: Not publicly disclosed.
What's Next for Hey Jane?
Hey Jane is poised for significant growth as it expands its telehealth services to new states and develops partnerships with insurance and enterprise providers. The company has already seen a 3x increase in patient demand and a 5x growth in its clinical team, indicating a substantial market opportunity.
Future fundraising efforts will likely focus on scaling operations and launching new services, such as addressing postpartum depression and anxiety. However, Hey Jane may face challenges related to regulatory hurdles and varying state laws, as well as potential political and social opposition to abortion services.
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