In the Press
September 28, 2023

FemHealth Ventures Closes $32 Million Fund for Women’s Health Investments (The Wall Street Journal)


FemHealth Ventures, which invests in companies focused on women’s health, has closed a $32 million debut fund despite a difficult fundraising environment for new venture firms. FemHealth, formed in 2020, sought to raise up to $50 million for an initial fund, holding a first closing of more than $10 million in October 2021, said co-founder and Managing Partner Maneesha Ghiya. Venture funding in the U.S. and Europe for women’s health rose from $111 million in the first half of 2018 to $498 million in the first half of this year, according to SVB, now a division of First Citizens Bank. “People are paying more attention to the long-term inequity in addressing women’s health issues, which creates opportunity now,” said Deepa Rich, partner in the Life Sciences group and the Business Law department leader for the Silicon Valley office, to The Wall Street Journal.