Maven Clinic, which offers virtual care geared toward women and families, announced Tuesday it had purchased London-based Naytal to speed its expansion in the UK and other European markets.
The company did not disclose financial terms of the transaction.
Founded in 2021, Naytal provides online consultations for fertility concerns, pregnancy and postpartum support, and menopause care. The company’s founder and CEO Leila Thabet will join Maven as regional vice president of global growth and partnerships.
“Maven’s digital platform has been built to address gaps in reproductive and maternal health globally and meet each member, no matter where they are in the world, with the same level of high-quality, personalized care,” Maven CEO Kate Ryder said in a statement. “With our acquisition of Naytal, our rapidly expanding UK and European membership will have even greater access to timely support that meets their unique needs through a partner deeply embedded in the region.”
THE LARGER TREND
Founded in 2014, Maven has raised $300 million in venture funding, including a $90 million Series E announced in November and a $110 million Series D from 2021.
The company works with health plans and employers to offer women’s and family healthcare, including fertility and family planning services, pregnancy and postpartum care, and parenting and pediatric support. It added a program for menopause-related care last year.
The New York-based unicorn said it currently has members in 175 countries, though the UK is its largest market outside the U.S. Maven works with more than 70 employers who have employees in the region.
The latest deal comes nearly three years after Maven announced it had purchased parent-child relationship app Bright Parenting.
Though overall digital health funding fell last year, investment in women’s health technology companies held relatively steady, according to data from PitchBook. Femtech funding actually made up a larger portion of digital health investment last year compared with 2021.