Femtech Insider’s Post

🎉 New #FemTech news via Femtech Insider. If you are passionate about women's health and the changes that are happening, sign up for their newsletter - VERY insightful every week. This week we have news from Mira and Daye and many more I can't remember! Do you have a favourite FemTech company you follow? Let me know below ⤵️ #womenshealth #medtech #healthtech

Why #invest in the #AI healthcare industry? 🩺 AI is able to #optimise processes within the healthcare industry by rendering the medical staff more productive through more accurate and faster diagnosis, better and more efficient patient treatments, as well as taking the admin burden off their shoulders. 📈 Consequently, the AI #healthcare market was valued at $16 billion in 2022 and is expected to grow 40.2% annually to reach $173.5 billion by 2029. This is due to the fact that it could lead to 10% in savings in the US healthcare industry, which represents up to $360 billion. By making internal processes more efficient, healthcare companies are therefore able to #service new customers, #augment their overall offering and create new revenue streams. 🔑  Patient will also benefit from having a more accessible healthcare as AI will bring down costs. By making the industry more #efficient, patients will not need to consult with as many physicians and won't have long, winded treatment plans. For example, it can cost as much as $70,000 to have a baby through IVF. AI promises to make the IVF process overall more efficient meaning couples will have a higher success rates and will not need to go through as many IVF rounds. 💸 The #VentureCapital market has started to recognise the potential AI represents in the healthcare industry. In 2023, 23% of total healthcare investment went towards companies leveraging AI, with pre-money valuations for healthcare companies leveraging AI coming in higher at seed and series A than those which did not leverage AI. #Valuations within the AI healthcare sector can be scattered but tend to stay above average. 🤝 Similarly, we have seen many corporations looking to #invest in, #partner with or #acquire AI healthcare companies. From NVIDIA partnering and investing in companies such as Abridge, CLINICAI and Artisight; as well as Microsoft acquiring Nuance Communications and Alphabet Inc. investing in the likes of Rad AI and Dyno Therapeutics. The wave of big tech companies investing into healthcare started in 2022 when Amazon bought One Medical, outbidding CVS Health. At Goddess Gaia Ventures, we back founders leading best in class ventures delivering best outcomes in Women’s health. We support diverse founders at Seed and the in-between Pre-Series A gaps where funding is needed the most in order to propel ventures into an impactful Series A. If you liked this, please follow Goddess Gaia Ventures for more content. &SISTERS Syrona Health Holly Health SPOKE Biorithm Wild.AI Anya Nabta Health Planet Nourish Predicta Med Nostos Genomics luna Maven Clinic The Well HQ Thanks to Lauren Georg #Femtech #AI #ArtificialInteligence #HealthAndWellness #MentalHealth #GenderGap #PerformanceOptimization #Inclusion #FemaleFounder #Innovation #VentureCapital #Equity #WomensHealth #HealthcareInnovation #DigitalHealth #Investment Sources: Binariks, McKinsey & Company, Silicon Valley Bank Image Source: ETHealthWorld

In my latest @MD+Di article, I explore some of the key characteristics of #medtech leaders that helped them push the boundaries of innovation. Here’s a snapshot of the key learnings covered in this op+ed: ➡️ David Neale, CEO of Argá Medtech SA, outlines how he created a winning culture. Challenge your team team to step out of its comfort zone and answer tough questions that lead to creative solutions. ➡️ Kate Rumrill, CEO of Ablative Solutions, believes in pursuing fields that hold personal meaning. Lean into your passion and let it drive your venture. ➡️ Shriram Raghunathan, Ph.D, CEO of Noctrix Health, Inc., encourages leveraging one’s curiosity and interests in other domains to create practical solutions. But first, find a big problem that needs solving. ➡️ Dr. Krishan Ramdoo, CEO  of TympaHealth Technologies Ltd, talks about sifting through the noise of naysayers. Start small, iterate, and embrace constructive feedback as fuel for progress. ➡️ David Narrow, CEO of Sonavex, emphasizes flexibility in product design. Define clear goals, invest in feedback loops, and refine continuously for success. For more actionable advice from these ambitious doers, check out the full article here: https://lnkd.in/dSzgppub  As always, thanks to Omar Ford and Amanda Pedersen for their publishing support! 🙌🏼

Here’s a recent op-ed our CEO, Scott Nelson, published on MD+DI. In addition to the 5 key learnings featured below, he also touches on: 🏃🏽♂️How to set measurable goals for each stage of device development. 🚦The formula for a systematic approach that lets you decide what to pursue and when to pivot. 🛋 How to combine personal satisfaction with professional success. Click on the link ⬇ for a closer a look at these insights from leading #medtech entrepreneurs.

✖️ ➂ HEALTH TECH startups to WATch ✖️ This time in 3-to-watch we take a peek at some of the startups making massive impacts on health tech ↵ ► Cacta ApS has introduced a new device designed to help breast cancer patients monitor their lymphedema at home. This innovative tool emphasises early detection, self-monitoring, digital integration, and accurate measurements by the patients themselves. Cacta has recently secured beta health funding of DKK 500,000. Congratulations to the team!  -https://lnkd.in/dWEpTQwM ►MedicQuant ApS has developed a groundbreaking technology, including a chip and instrument, that detects anticoagulants in whole blood within just 10 minutes. This innovation aims to facilitate quick and local testing for anticoagulants directly at the point of care, offering a significant advancement since there are currently no existing solutions for such rapid testing.  -https://lnkd.in/eCq_3bvM ►Cystotech, an AI startup specialising in urology, is paving the way for the future of bladder cancer treatment. The company is developing applications for use during cystoscopy procedures, aiming to enhance diagnostic accuracy and promote less invasive treatment methods. These advancements are intended to benefit patients and reduce healthcare costs -https://lnkd.in/eUX8hwQN If you want to know more about whats cooking, you can check out all investments in the ecosystem here → https://lnkd.in/d9XpcnYB (scroll to the bottom)

I am heading to #Techstars now and getting to know the current cohort led by Trey Bowles, Jordan Warnement and their team. You can feel it in the energy around what's coming next. At Techstars it's all about that – wanting to be in the big entrepreneurial acceleration, to do the job for the team, and giving yourself every opportunity because it's a kind of ‘winner takes it all’ in the end of the journey. It’s how we #mentors help talented teams move from success to impact. Today is the first step forward for me to get to know the teams and as a team better work on some things to get right. If you can build that resilience and hardness against your competition, it puts you in good stead later. We can’t take our foot off the pedal. This week is about learning as much as we can about them, getting our game plan and the things we can control in a good spot, and ready to go on a long run. The Companies #Brilliantly: This company’s flagship product, Brilliantly Warm, provides flexible and safe warmth for your entire body, all from your bra. #ComeBack Mobility: The ComeBack Mobility Smart Crutch Tips are an IoT biofeedback device and mobile app that guides patients on how to apply the right amount of force to the recovering limb while using their crutches at-home #Comma: This company is building the first HIPAA-compliant menstruation tracking app and are also developing a biodegradable feminine hygiene product #Hera Fertility: This digital-first fertility clinic offers technology-driven diagnosis, telehealth consultations, and personalized treatment for both women and men relating to infertility, including assisted reproductive technology services #LUBU Technologies: This company develops smart insoles powered by AI, which are designed to reduce fitness-related injuries and improve performance #Maya AI: Maya is a self-learning voice-based AI agent that helps scientists extract data, update documentation, and create proposed action plans from changing data #Pulse Charter Connect: This software as service (SaaS) solution for critical healthcare logistics makes the transportation of human organs for transplant patients faster, less expensive, and safer #Somos: This company is building a healthcare and wellness “super app” for Latin Americans, starting with a version that aggregates body signals from glucose sensors, wearables, and lab tests to help people with pre-diabetes and diabetes understand how their body reacts to food and other habits #Vessl Prosthetics: This company’s patent-pending isoform socket is the only product of its kind that automatically adjusts to changes in leg size in amputees, thereby empowering them to move comfortably and ensuring their prosthetic fits correctly #Xplosion Technology: This digital health platform is aimed at adolescent diabetes management, with a strong emphasis on health equity #Techstars #Digitalhealth #Wearables #Entrepreneurship #Giveback #Healthcare #AI #CorporateInnovations #Angelinvestors

4 startups undeniably stood out last month in the Digital Health Industry 🚀 , and we couldn't resist featuring them in our Substack spotlight! And now, we want to share them here too, so don't miss out!   1️⃣ Candid Health is a modern Revenue Cycle Management platform that makes medical billing easy for digital healthcare providers like Brightside Health, Mantra Health, and Nourish. Their next-generation technology quickly identifies and resolves time-consuming issues through rules-based automation, flexible configuration, and dynamic reporting so customers can scale faster. 2️⃣ Mix Talent was built to support the near-term goals and long-term success of pharma, biotech, HealthTech, and gene therapy organizations. We recognize the power of our client’s company culture and specialize in identifying, recruiting, assessing, selecting, and developing talent that fits and fortifies that culture. With 30 years of experience in executive search, sales build, human resources, and talent assessment within the life sciences, we specialize in supporting biotech and pharmaceutical clients throughout all lifecycle phases, from preclinical to commercial. As our name demonstrates, we believe finding the right mix of skills, experience, personality, and personal motivation is essential to ensure long-term success. And to do that, you need to do it differently. Our unique mix of knowledge, technology, and instinct has helped clients go beyond just hiring headcount to truly creating dynamic organizations. The secret’s in the mix. 3️⃣ People living with mental health conditions deserve the highest standards of safe, effective, life-saving treatment. Osmind is a San Francisco–based public benefit corporation led by scientists, technologists, and psychiatrists to advance new evidence-generating medicine that helps people living with moderate to severe mental health conditions. 4️⃣ FOLX Health is a telehealth startup that provides services for the LGBTQIA+ community. The startup connects patients with specialized clinicians who can help with several issues relating to gender-affirmation, sexual and reproductive health, primary and preventive care, mental health, and fertility! 🎉 Kudos to their dedication to developing innovative health solutions!

One in five Europeans face mental health challenges, but there’s a severe shortage of psychiatrists. French startup Callyope addresses this with AI-powered technology that allows remote patient monitoring through voice analysis, enabling personalized care and reducing relapse rates. Callyope is among 24 companies in the 2024 Google for Startups Growth Academy: AI for Health program, which supports innovative healthcare startups. The program connects founders with industry experts and offers workshops on AI best practices, leadership, and technical support, aiming to advance patient care and medical research. These startups, from 13 countries, use AI to tackle various health issues, from chronic disease management to cancer prediction. #AIHealth #MentalHealth #EdTech #Startups #HealthcareInnovation #RemoteMonitoring #GoogleStartups #AIForGood https://lnkd.in/g8TrcFv5

🚀 AI Driving Growth in the FemTech Sector Amid Health Disparities The FemTech sector is experiencing a surge in growth thanks to innovations in AI, drawing attention from investors keen on technologies that tackle the health disparities between genders. McKinsey reports reveal women's extensive health challenges, suffering 25% more in terms of ill health compared to men. Marion Jeng, an associate at DAI Magister, calls for increased investment and technological progress to correct the widespread misdiagnoses and disregard in women’s healthcare. FemTech transcends fertility issues, embracing an array of companies tackling a spectrum of women’s health areas. Criticism comes from Jeng concerning a male-centric investment community which tends to neglect the FemTech promise. She advocates for business-to-consumer FemTech firms to develop robust monetization strategies and seek out strategic partnerships. There's an anticipation for heightened funding for AI tools that aim at improving the diagnosis of female-specific diseases, with notable advancements in the early detection of breast cancer. Undeniably, FemTech signifies a vast, yet not fully appreciated market opportunity, making it an attractive field for investors. Sources: Startups Magazine #AI #FemTech #HealthcareDisparities #Investment #Innovation #BreastCancer #Diagnostics #WomenHealth

Spotlight on AI-Powered Healthcare Startups: Google for Startups Growth Academy 2024 Cohort The 2024 cohort was announced, featuring 24 startups from Europe, the Middle East, and Africa. Each one harnesses AI to enhance medical care and research. Here are just a few of the trailblazing startups in this cohort: *Callyope (France) creates innovative remote patient monitoring technology centered around speech recognition aiding caregivers in evaluating the effectiveness of treatments and identifying potential relapses in individuals with severe mental health conditions. *Clear. Bio (Netherlands) is combating Type 2 diabetes with precision nutrition and real-time glucometry. *Exakt Health (Germany) offers a certified medical app for physiotherapy and personalized treatment plans. *Juniver (UK) provides on-demand support for those with eating disorders with AI-powered interventions and personalized tools. *Noah Labs (Germany) developed a voice-based machine learning software for early detection of heart failure. *Research Grid (UK) is accelerating clinical trials with smart software that automates back-office admin. The program offers these startups an intensive three-month training period, including in-person summits, virtual workshops, and one-on-one mentorship from Google Research, Google Health, Verily, and Fitbit experts. Keep an eye out for the advancements these companies will bring to healthcare. #AI #Healthcare #Startups #Innovation #GoogleforStartups #ArtificialIntelligence