Goddess Gaia Ventures’ Post

🦄 Flo is the first European FemTech start-up to have reached unicorn status following their Series C raise in July. 💬 This news sparked an online conversation and asked: why we aren't seeing more European FemTech unicorns? 🇪🇺 Building a successful HealthTech company in Europe remains difficult. In fact, scaling healthcare innovations across Europe tends to be more challenging than expanding into the US. This is due to multiple factors including market conditions, the lack of functional payer models (aka, figuring out who’s going to pay for your innovation) and restrictive advertising and marketing regulations making it difficult to reach more potential clients. 💰 There is an overall deficiency of funding in women’s health across all verticals (notably digital health) and a clear lack of female investors in all markets (including FemHealth). 🥊 Battling these obstacles is difficult for all founders - wether male or female. 🍼 FemTech is still in its infancy. Given that entrepreneurs with a successful past venture have a higher chance of success in their next venture compared to new entrepreneurs, one could argue that we will eventually encounter more successful founders within the FemHealth as more ventures are built. 🏆 Flo’s success highlight's the founders grit and perseverance in such a challenging market. This announcement is a win for women's health as it helps to close the 131 years of gender health gap. ❤️ But if we’re serious about closing the gender health gap, we need more than just unicorns —we need real, lasting tangible change. Diversity at the leadership level must be made a priority within FemHealth companies and the investing ecosystem. 📰 Read Priya Oberoi's full article on Forbes: https://lnkd.in/deWeKhSN Forbes FemTech Lab FemTech India Femtech Insider Femtech World Women of Wearables (wearables, health tech & femtech) United Nations Population Fund (UNFPA) Flo Health Inc. TIME Fast Company Federal Trade Commission World Economic Forum @Sifted Alice Pelton National Bureau of Economic Research Anna-Sophie Hartvigsen Ida Tin Image Source: EOS Intelligence #HealthCare #Womenshealth #HealthcareInnovation #VentureCapital #VC #ImpactInvesting #FemTech #Innovation

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