HerMD is an Ohio-based female-led and operated telehealth and in-person care startup that provides healthcare, beauty, and wellness services for women. The company offers a hybrid delivery model, offering both in-person and telehealth services for consultations, covering a range of areas including gynecology, menopause, sexual health, telemedicine, medical aesthetics, cellulite treatment, cool sculpting, skin care, and prescription refills. As of July 2023, t he company offers care through 20 providers that operate via its clinics in Ohio, Tennessee, and Indiana.
The firm operates a B2B2C and D2C model, where HerMD offers a subscription service to employers and insurance providers as well as a discounted rate directly to users paying out of pocket.
Funding and financials
In July 2023, the company raised a further USD 18 million, adding to its Series A funding round which took place in February 2022 and bringing total funds raised to nearly USD 30 million. The extension round was led by JAZZ and saw participation from other venture capital firms. The funds raised were set aside to open new clinics, one in New York and another in Nashville. HerMD also planned to invest in its Telehealth services, HerMD University offering, hire additional staff, and partner with more healthcare providers. Additionally, the company planned to launch mental health service offerings, along with investing in technology related to sexual health and menopause.
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