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- Maven Clinic
Maven Clinic Revenue, Valuation, Funding & Investors
Maven Clinic is valued at $1.7B as of October 2024, a 6.3x multiple on its last reported $268M revenue.
Last Maven Clinic valuation
$1.7B
Series F · Oct 2024
Last Maven Clinic funding round
$125M
Series F · Oct 2024
Maven Clinic revenue
$268M
Series F · Oct 2024
Key investors in Maven Clinic
Sequoia Capital
Oak HC/FT
Icon Ventures
8VC
Lux Capital
Great Oaks Venture Capital
About Maven Clinic
Maven Clinic is a virtual clinic for women's and family health, founded in 2014 by CEO Kate Ryder, offering telehealth and financial reimbursement for care spanning fertility, maternity, pediatrics, and menopause. Employers and health plans, including Amazon, Microsoft, and AT&T, offer Maven's platform as a benefit covering the full reproductive lifecycle from preconception through menopause. The company has reported clinical outcomes such as lower C-section and NICU admission rates among members using its programs.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$268M (Oct 2024)
Valuation
$1.7B (Oct 2024)
Maven Clinic Valuation
Maven Clinic is currently valued at $1.7B, based on its Series F in October 2024.
The $125M round was led by StepStone Group, with participation from General Catalyst, Dragoneer, Lux Capital, Icon Ventures, Sequoia Capital and 1 other investor.
Maven Clinic's valuation has grown 1.7x from $1B at its Series D in August 2021 to $1.7B in October 2024, across 3 priced rounds.
Maven Clinic valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2024 | Series F | $1.7B | 6.3x |
| Nov 2022 | Series E | $1.4B | 5.0x |
| Aug 2021 | Series D | $1B | 3.7x |
Maven Clinic Revenue
Maven Clinic's latest recorded revenue is $268M, as of its Series F in October 2024. At a $1.7B valuation, that implies a 6.3x revenue multiple.
Revenue moved from $268M in August 2021 to $268M in October 2024, while the revenue multiple moved from 3.7x to 6.3x.
Maven Clinic revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2024 | $268M | $1.7B | 6.3x | Series F |
| Nov 2022 | $268M | $1.4B | 5.0x | Series E |
| Aug 2021 | $268M | $1B | 3.7x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Maven Clinic Funding History
Maven Clinic has raised a total of $417M across 7 funding rounds.
Maven Clinic's first fundraising round was a $2M seed round in April 2016. The most recent completed round was a $125M Series F in October 2024.
Maven Clinic funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2024 | Series F | StepStone Group (lead); General Catalyst; Dragoneer; Lux Capital; Icon Ventures; Sequoia Capital; Oak HC/FT | $125M | $1.7B | Maven Clinic, the world's largest virtual clinic for women's and family health, raised $125 million in a Series F funding round on October 8, 2024, led by StepStone Group with participation from General Catalyst, Sequoia, Oak HC/FT, Icon Ventures, Dragoneer Investment Group, and Lux Capital, bringing total funding to over $425 million. The round valued the company at $1.7 billion post-money, up from $1.3 billion in its prior Series E. Proceeds will fuel growth in its end-to-end platform, particularly scaling its fertility and family building program, now the largest fertility benefits provider globally, alongside expansions in maternity care, menopause offerings, and value-based care in commercial and Medicaid populations. Serving over 2,000 employers and health plans across 175 countries—including Amazon, Microsoft, and AT&T—Maven covers the full reproductive lifecycle from preconception to menopause. The company reports strong clinical outcomes, such as 2:1 ROI for employers and health plans, 8-20% reductions in C-section rates, and 20-28% lower NICU admissions. Its menopause program has seen 300% year-over-year growth with over 550 clients, and it has tripled Medicaid presence since 2022, with pregnant members averaging over 20 monthly touchpoints. Founded in 2014 by CEO Kate Ryder, Maven has raised more than $425 million cumulatively from top investors and earned accolades like Time 100 Most Influential Companies and CNBC Disruptor 50. This up-round signals resilience in women's health amid a broader healthcare funding slowdown, positioning Maven as a potential IPO candidate alongside peers like Kindbody, with StepStone's involvement marking a shift toward secondary and direct startup investments. |
| Nov 2022 | Series E | General Catalyst (lead); Dragoneer; Lux Capital; Icon Ventures; La Famiglia; Sequoia Capital; CVS Health Ventures; Oak HC/FT; Intermountain Ventures | $90M | $1.4B | Maven Clinic is the largest virtual clinic for women’s and family health, offering virtual care and financial reimbursement for services ranging from fertility and maternity to pediatrics and menopause. Founded in 2014 by CEO Kate Ryder, the company supports 15 million lives under management as of the Series E announcement, a 5x increase since its 2021 Series D round, and serves half of the Fortune 15 companies including AT&T and Microsoft, along with national payers and multinational clients. On November 14, 2022, Maven Clinic raised $90 million in a Series E funding round led by General Catalyst, with participation from CVS Health Ventures, La Famiglia, Intermountain Ventures, and existing investors Sequoia Capital, Oak HC/FT, Dragoneer Investment Group, Icon Ventures, and Lux Capital. This brought total funding to $300 million and boosted the post-money valuation to $1.35 billion, up from $1 billion in the prior round, making it a unicorn in women’s health. The funding comes amid a challenging market for health tech investments and post-Roe v. Wade shifts, highlighting strong demand for Maven’s platform. The company plans to use proceeds for global expansion, including tripling international covered lives to 60% of multinational clients, entering Medicaid markets, enhancing menopause offerings, investing in personalization, fertility bundles, maternity benefits, and addressing health equity and social determinants. Maven has demonstrated commercial traction with broad employer adoption and outcomes in underserved areas like postpartum care and return-to-work support, positioning it to fill gaps in the maternity care system. Investors like General Catalyst emphasize its technology-driven, equitable care model aligning with health assurance goals, even as economic pressures tighten budgets. |
| Aug 2021 | Series D | Dragoneer (lead); Lux Capital (lead); Oprah Winfrey; Icon Ventures; Flucas Ventures; Nancy Xiao; Sequoia Capital; Oak HC/FT; Company Ventures; Bond | $110M | $1B | Maven Clinic, founded in 2014, operates the largest virtual clinic for women's and family health, providing personalized care for fertility, pregnancy, parenting, and pediatrics through age 10 via its mobile app and platform. The company raised $110 million in a Series D funding round on August 17, 2021, co-led by Dragoneer Investment Group and Lux Capital, with participation from BOND, existing investors Sequoia Capital, Oak HC/FT, Icon Ventures, and new investor Oprah Winfrey, bringing total funding to over $200 million. This round propelled Maven to unicorn status with a valuation exceeding $1 billion, marking it as the first U.S. unicorn dedicated to women's and family health. Maven plans to use the proceeds to expand services to new populations, including U.S. Medicaid members and international patients, while investing in product innovation to enhance clinical outcomes and member experience. The company has demonstrated strong growth, partnering with Microsoft where over 1,300 employees booked appointments within a week of launch, and has supported more than 10 million women and families to date. Investors highlighted Maven's high utilization, engagement, and provider network as key differentiators in the under-innovated women's health sector. Dragoneer partner Eric Jones and Lux Capital partner Deena Shakir joined Maven's board, praising the company's model of coupling technology with clinical providers. Amid competition in digital maternal health, Maven positions itself as a category leader, with prior backing from celebrities like Reese Witherspoon, Natalie Portman, and Mindy Kaling. A subsequent $90 million extension in late 2022 raised its valuation to $1.35 billion. |
| Feb 2020 | Series C | Icon Ventures (lead) | $52M | - | Maven Clinic is a virtual clinic and digital health platform focused on women's and family health, offering services including fertility benefits, maternity care, pregnancy support, postpartum care, egg freezing, adoption, surrogacy, and early pediatrics. The company provides end-to-end support through virtual care, provider matching, and benefits administration like Maven Wallet for managing employer fertility and family benefits reimbursements. In February 2020, Maven raised $45 million in its Series C funding round led by Icon Ventures, with participation from investors including 23andMe's Anne Wojcicki and others, marking one of the largest rounds for a female-led women's healthcare company at the time. The Series C round, announced on February 19, 2020, totaled approximately $39.82M to $45M across sources, aimed at accelerating access to women's healthcare and expanding product innovations like Maven Wallet for receipt and reimbursement management. Icon Ventures' Tom Mawhinney highlighted Maven's role in improving maternal outcomes, reducing medical costs, retaining women in the workforce, and supporting pathways to parenthood for global employers. This followed prior rounds including Series B in November 2018 ($26.5M) and brought Maven's approach to changing employer-supported family health benefits. Later developments include Series D in August 2021 ($110M, valued at $1B), Series E in November 2022 ($90M at $1.35B post-money), and Series F boosting to $1.7B valuation with total funding over $425M from investors like General Catalyst, Sequoia, Oak HC/FT, Dragoneer, and Lux Capital. Maven has grown its maternity and newborn programs significantly post-2020, with expansions into AI personalization, Medicaid, value-based care, and international markets via acquisitions like Naytal. |
| Sep 2018 | Series B | Oak HC/FT (lead); Sequoia Capital (lead); 8VC; Spring Mountain Capital; 14W; Venrex; Great Oaks Venture Capital | $27M | - | - |
| Jul 2017 | Series A | Spring Mountain Capital (lead); Jeremy Yap; Loric Ventures; Colle Capital Partners; BoxGroup; 8VC; 14W; Great Oaks Venture Capital; Female Founders Fund; DGNL Ventures | $11M | - | Maven Clinic raised $10.8 million in a Series A funding round on July 25, 2017, led by Spring Mountain Capital, with participation from 14W, 8VC, BoxGroup, Colle Capital Partners, DGNL Ventures, Female Founders Fund, and Great Oaks Venture Capital. This brought the company's total funding to over $15 million. The round supported Maven's digital platform revolutionizing women's and family health. Maven Clinic, founded in 2014, operates a digital clinic providing on-demand access to healthcare specialists including OB-GYNs, midwives, therapists, nutritionists, and more via video appointments, messaging, and forums. By mid-2017, it had served nearly 100,000 patients through a network of over 1,000 vetted practitioners available around the clock. The platform includes Maven Maternity for fertility, prenatal, postpartum, and return-to-work services, alongside a consumer marketplace. Spring Mountain Capital's Lauren Brueggen joined Maven's board following the round, alongside Rachel Winokur from Bright Health. |
| Apr 2016 | Seed | 8VC (lead); CSC Upshot; BoxGroup; Future Perfect Ventures; Great Oaks Venture Capital; Female Founders Fund; Grand Central Tech; Company Ventures | $2M | - | - |
Who has invested in Maven Clinic?
29 investors have backed Maven Clinic across its funding rounds, including Sequoia Capital, Oak HC/FT, Icon Ventures, 8VC, Lux Capital and Great Oaks Venture Capital.
Lead investors include StepStone Group, General Catalyst, Dragoneer, Lux Capital, Icon Ventures and 4 other investors.
Maven Clinic Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Feb 2020 | ||
| 4 | Lead | Sep 2018 | ||
| 4 | Lead | Sep 2018 | ||
| 3 | Lead | Aug 2021 | ||
| 3 | Lead | Apr 2016 | ||
| 3 | Lead | Aug 2021 | ||
| 3 | Participant | Apr 2016 | ||
| 2 | Lead | Nov 2022 | ||
| 2 | Participant | Apr 2016 | ||
| 2 | Lead | Jul 2017 | ||
| 2 | Participant | Jul 2017 | ||
| 2 | Participant | Apr 2016 | ||
| 2 | Participant | Apr 2016 | ||
This data is available for Pro users. Sign up to see all 29 Maven Clinic investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Maven Clinic
Maven Clinic has acquired 2 companies to date.
Last acquisition by Maven Clinic was on March 20th 2023. Maven Clinic acquired Naytal for undisclosed valuation.
Latest Acquisitions by Maven Clinic
| Description | - | Bright Parenting is a New York-based digital platform delivering bite-sized parenting education through app-based lessons and daily practices. The service covers topics like sleep training, toddler behavior, and family communication with 5-minute videos and interactive challenges. Founded in 2019, it partners with pediatricians and child psychologists for evidence-based content, reaching parents via iOS and Android in the United States and Canada. |
| HQ Country | ||
| HQ City | London | San Jose, CA |
| Deal Date | 20 Mar 2023 | 2 Jun 2020 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Maven Clinic acquisitions and their M&A valuation multiples. Start Free Trial | ||
Maven Clinic Competitors
Maven Clinic competitors include listed companies like Talkspace and Ping An Healthcare, and private ones like Pristyn Care, Midi Health, NexHealth and Helian Health.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $64M | - | $1.4B | - | ||
| Private | $150M | - | $1B | 6.7x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $900M | - | ||
| Publicly listed | $229M | $6M | $871M | 3.4x | ||
| Publicly listed | $815M | $52M | $1.6B | 0.9x |
Maven Clinic Public Comps
Maven Clinic is still privately-owned, but its public comps include Ping An Healthcare, JMDC, GoodRx, Teladoc, Talkspace, Guiyang Longmaster, Medley Inc., American Well, Hims and Oscar Health.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $815M | $52M | 0.9x | 0.9x | 13.4x | 16.9x | |||
| $324M | $88M | 5.0x | 4.6x | 18.4x | 17.9x | |||
| $797M | $173M | 1.8x | 1.8x | 8.1x | 5.5x | |||
| $2.5B | $124M | 0.6x | 0.6x | 11.3x | 5.0x | |||
| $229M | $6M | 3.4x | 3.4x | 129.3x | 49.4x | |||
| $44M | $5M | 10.0x | - | 87.9x | - | |||
| $236M | $32M | 2.1x | 1.8x | 15.7x | 13.2x | |||
| $249M | ($63M) | 0.2x | 0.2x | (0.8x) | (3.1x) | |||
This data is available for Pro users. Sign up to see all Maven Clinic competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Maven Clinic
| When was Maven Clinic founded? | Maven Clinic was founded in 2014. |
| Where is Maven Clinic headquartered? | Maven Clinic is headquartered in United States. |
| Is Maven Clinic publicly listed? | No, Maven Clinic is a private, VC-backed company. |
| What is Maven Clinic's valuation? | Maven Clinic was last valued at $1.7B in its Series F in October 2024. |
| How much funding has Maven Clinic raised? | Maven Clinic has raised $417M across 7 funding rounds. |
| What was Maven Clinic's last funding round? | Maven Clinic's last funding round was a $125M Series F in October 2024, led by StepStone Group. |
| Who are Maven Clinic's investors? | Maven Clinic's investors include Icon Ventures, Sequoia Capital, Oak HC/FT, Dragoneer, 8VC, Lux Capital, Great Oaks Venture Capital, General Catalyst, BoxGroup, Spring Mountain Capital and 19 others. |
| What is Maven Clinic's revenue? | Maven Clinic's latest recorded revenue is $268M (October 2024). |
| What is Maven Clinic's revenue multiple? | Maven Clinic's latest valuation implies a 6.3x revenue multiple ($1.7B valuation on $268M of revenue). |
| Which companies are comparable to Maven Clinic? | Companies comparable to Maven Clinic include Pristyn Care, Midi Health, NexHealth, Helian Health, Talkspace and Ping An Healthcare. |
| How many companies has Maven Clinic acquired? | Maven Clinic has acquired 2 companies, including Naytal and Bright Parenting. |
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