Midi Health, a virtual care clinic for women's health, raises $60M
Midi is currently on track to serve about 100,000 patients this year, up from about 30,000 in 2023
Read more...Editor's Note: Our annual Vator Splash Spring 2016 conference is around the corner on May 12, 2016 at the historic Scottish Rite Center in Oakland. Speakers include Nigel Eccles (CEO & Co-founder, FanDuel), Andy Dunn (Founder & CEO, Bonobos), Mitch Kapor (Founder, Kapor Center for Social Impact); Founders of NextDoor, Handy, TubeMogul; Investors from Khosla Ventures, Javelin Venture Partners, Kapor Capital, Greylock, DFJ, IDG, IVP and more. Join us! REGISTER HERE.
Another week, another fund.
Felicis Ventures, a decade-old venture capital firm headquartered in Palo Alto, today announced that it has closed a new $200 million fund. Not only is this the fifth fund for Felicis, but it is the largest ever raised for the firm.
Though Felicis originally focused on seed-stage companies, the firm eventually branched out to other stages and a wide variety of sectors. The company says its 180 investments have led to 60 exits and three IPOs. Here are some of the most notable investments made by Felicis:
Incredibly, Felicis says its portfolio companies have created nearly 22,000 jobs, generated over $4.3 in annual revenues (as of last year), and raised over $4.5 billion in capital.
“We diversified rapidly beyond largely seed-stage consumer-internet start-ups into a variety of new sectors and geographies that were not popular with most investors,” said Aydin Senkut, Founder and Managing Director of Felicis Ventures. “Today, our investments are spread evenly across seed-, early-, and mid-stage companies that push the technological edge in an incredible range of areas from programming bacteria, to powering global payments; from platforms that power global logistics to next generation satellite systems.”
I’ve reached out to learn more about what has fueled Felicis’ push into different stages and different markets.
Funds have been on a roll lately, raising massive amounts of capital even while tech startups struggle to raise for themselves. Worldwide, 2,685 deals closed in the first quarter of the year, a 38 percent year-over-year decrease, according to PitchBook. But that’s for startups.
As for funds, 90 closed in the first quarter of the year, a three percent decrease year-over-year. But those funds collectively raised $16.7 billion, a bump of 27.5 percent.
Just a couple weeks ago, Draper Associates, headed up by well-known Silicon Valley investor Tim Draper, announced that it has closed a $190 million early stage fund.
Midi is currently on track to serve about 100,000 patients this year, up from about 30,000 in 2023
Read more...Wheel clinicians will be able to prescribe Owlet's BabySat, which monitors oxygen and heart rate
Read more...Amish Jani, Founder and Partner at FirstMark, joined the company's Board of Directors
Read more...Joined Vator on