Below, we’ve outlined fundraising metrics on the number, size, location, industry, and exit outcomes for female-led companies. In addition, by shining a light on the early Series A/B rounds, we are able to identify shifts in capital allocation trends as these companies scale.Ģ020 showed both positive and negative results in business-building for women. With this Annual Report, we aim to track the numbers, beginning with the first institutional round of capital - often the hardest for founders to secure. Since then, this proportion has hovered at or just below 3%, but we have seen steady growth in the number of female-founded startups raising follow-on and later-stage rounds of capital.įemale Founders Fund launched in 2014 with a simple investment thesis: women will build the companies of tomorrow and we will back them. In January 2021, FOLX Health established the FOLX HRT Care Fund which redistributes financial resources from allies inside and outside of the LGBTQIA+ community to support trans, nonbinary, and intersex folks to access hormone replacement therapy care through FOLX.As Women’s History Month concludes, Female Founders Fund is back with its annual review of the state of female entrepreneurship and funding in the United States.īack when we first published this report in 2014, female entrepreneurs received just 2% of total venture capital dollars invested into early stage companies. FOLX Health provides end-to-end virtual primary care, HRT, PrEP, care navigation, content and community through a diverse network of queer and trans specialized providers. The company delivers a new standard of healthcare that's built to serve LGBTQIA+ people, rather than treat them as problems to be solved. Launched in December 2020, FOLX Health is an LGBTQIA+ healthcare service provider built to serve the community's specific needs. Since launching in January 2021, FOLX Health has raised $29.4 million in venture funding and has serviced thousands of members, resulting in explosive revenue growth growing double digit percentages month over month.įOLX Health offers end-to-end virtual primary care treatment plans for gender-affirming hormone replacement therapy, PrEP, and erectile dysfunction content, and community through a diverse network of queer and trans specialized providers. Dana most recently served as the company's Vice President of Operations and boasts two decades of healthcare operations and technology experience, most recently at Optum. I strongly believe in FOLX Health's mission and I look forward to helping the company realize its potential as it leads the charge to create a more equitable and inclusive healthcare system."įOLX Health also announced the appointment of Dana Clayton as Chief Operating Officer. "I care so deeply about these communities and feel incredibly lucky to join a company whose values align with my own. As a lesbian and latina, I understand the unique challenges underserved communities face - and not just in healthcare," said Douillet Guzmán. and the FOLX Health team have accomplished in a short period of time is inspiring. Her work has earned her recognition as one of Forbes Top 50 Marketers in the country for 2021. Under her leadership at Blockchain, the company's usership grew from 4 million to 40 million within two years. Prior to joining Skillshare, Liana served as COO of Blockchain, where she oversaw the expansion, partnerships, operations, talent, user success, research, marketing, growth and communications functions. As CMO, she played a key role in the company's explosive growth, responsible for brand marketing, acquisition, communications, partnerships, and sales. Liana most recently served as the Chief Marketing Officer of Skillshare, the leading online learning community for creatives. She brings a fresh perspective and shares our mission-driven values of bringing accessible healthcare to this unique and vibrant community." She has driven hyper-growth in both the direct-to-consumer and employer markets as both an operational and marketing lead. She brings critical skills and experience that FOLX needs to reach our community and drive the conversation about how to reshape our notion of health and healthcare. "Now FOLX is poised to take its next big step to bring a new model of care to the whole LGBTQIA+ community and Liana is the perfect person to lead us through that next stage of growth. FOLX has grown at hyper-speed since our commercial launch just last March," said Breitenstein. "I started FOLX Health because of my own experience and discomfort as a non-binary lesbian navigating the broken healthcare system for the queer and trans community.
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