Wilson Sonsini Goodrich & Rosati advised Maven in the transaction.
Maven, a leading women’s and family digital health company, announced it has closed $45 million in Series C funding, led by Icon Ventures, with participation from existing investors Sequoia, Oak HC/FT, Spring Mountain Capital, Female Founders Fund, Harmony Partners, and individual strategic investors Reese Witherspoon, Natalie Portman, Mindy Kaling, and Anne Wojcicki. The funding round is one of the largest investments for a female-led women’s and family health firm.
In the past year, Maven’s client base has tripled, driven by partnerships with clients from over 100 companies globally, across the Fortune 50 and representing every industry. The company’s telehealth network expanded to include 1,700 providers across more than 20 specialties, filling in critical gaps in the healthcare system. With the recent launch of Maven Wallet, a new feature designed to help members better manage receipts and expenses associated with fertility, egg freezing, adoption, and surrogacy reimbursement, Maven is the only end-to-end care solution for the entire family journey.
The Wilson Sonsini team included Megan Baier (Picture), Catherine Riley Tzipori, Sonali Sanyal, Abi Riddle, and Sarah Won.
The latest round of funding will be used to support Maven’s growth, deepen investment in its core digital programs across fertility, maternity, return-to-work, and pediatrics and expand into adjacent areas.
Involved fees earner: Megan Baier – Wilson Sonsini Goodrich & Rosati; Abigail Riddle – Wilson Sonsini Goodrich & Rosati; Catherine Riley Tzipori – Wilson Sonsini Goodrich & Rosati; Sonali Sanyal – Wilson Sonsini Goodrich & Rosati;
Law Firms: Wilson Sonsini Goodrich & Rosati;
Clients: Maven Clinic Co.;