PARTUM HEALTH SECURES $3.1M IN SEED FUNDING ROUND TO EXPAND ACCESS TO ITS PREGNANCY AND POSTPARTUM CARE OFFERINGS
CHICAGO (September XX, 2023) - Partum Health, a startup that provides families with interdisciplinary pregnancy and postpartum support including lactation support, physical therapy, mental health services, nutrition counseling and doula care, announced that it has raised $3.1 million in seed round funding to advance its mission of improving maternal health outcomes in this county.
Research has shown that each year thousands of women face traumatic pregnancy, childbirth and postpartum experiences that are largely preventable. Two factors that significantly contribute to the nation’s current maternal health crisis include the relative undersupply of maternity care providers (obstetrician-gynecologists and midwives) and a lack of comprehensive postpartum support. Partum Health is stepping in to fill these gaps.
“We started Partum Health in 2021 to create a new standard of care for families in the U.S.,” said Meghan Doyle, Co-Founder and CEO of Partum Health. “The data on maternal health outcomes in the U.S. is clear - our system is not meeting the needs of birthing people or their families, despite significant expense and strain on OBs and midwives. It’s time that families have the support of a team of experts to prevent and address the incredibly common complications that emerge from fertility through postpartum.”
The health tech startup complements the support families receive from their obstetricians or midwives by providing care that prevents and addresses the most common complications of pregnancy, including perinatal mood and anxiety disorders, pelvic floor dysfunction and unnecessary C-sections. A comprehensive set of physical and mental health services is tailored to the needs of each family in order to achieve better health and mental health outcomes both during the pregnancy and postpartum periods. The company works with major health plans to ensure that many of its services are covered and furthermore, offers care and patient education digitally and in person.
“We are building a model for the future that combines the convenience of mobile apps, chat and on-demand care with hands-on support so that families can receive the care they need in a way that works best for them. Since this journey can be intense emotionally and physically, we want to ensure families feel as confident as possible,” said Matt Rogers, Co-Founder and Head of Operations.
With the new funding secured, Partum Health aims to continue building on the momentum that was generated from its launch in Illinois. This includes increasing the number of in-network insurance providers that cover its services and expanding into new markets.
“The Partum Health team is bringing accessible, evidence-based care to millions of families across the country,” said Kerry Rupp, General Partner of True Wealth Ventures, the round’s lead venture capital firm. “We are proud to partner with the Partum Health team as they redefine what maternal care looks like in the U.S. and shine a light on a market opportunity that has been historically overlooked and underfunded.”
MAGIC Fund, The Fund, Tawani Ventures, Bridge Ventures, Pioneer Healthcare Partners, and several individual investors including Mike Pykosz, CEO of Oak Street Health also participated in the latest funding round.
For more information about Partum Health, please visit www.partumhealth.com.
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