{"id":327,"date":"2024-07-31T13:12:42","date_gmt":"2024-07-31T13:12:42","guid":{"rendered":"https:\/\/www.techsparx.co.uk\/south\/?p=327"},"modified":"2024-07-31T13:12:42","modified_gmt":"2024-07-31T13:12:42","slug":"flo-health-app-secures-unicorn-status-with-156m-round","status":"publish","type":"post","link":"http:\/\/www.techsparx.co.uk\/south\/software\/flo-health-app-secures-unicorn-status-with-156m-round\/","title":{"rendered":"Flo Health app secures unicorn status with \u00a3156M round"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Femtech health app Flo has become the latest UK tech unicorn, securing \u00a3156 million in its Series C round at a valuation exceeding \u00a3780 million. The funding round came entirely from New York-headquartered private equity firm General Atlantic, which is an investor in companies including Uber and AirBnB.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Launched in London back in 2016, Flo addresses every stage of a woman\u2019s health goals as the platform monitors symptoms associated with menstruation, conception, pregnancy and menopause.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The app offers health insights, tips from experts, and a digital community to discuss health topics. Since its launch, the app has been downloaded more than 100 million times, becoming one of the most popular health apps available. Flo says it has 70 milliuon monthy active users and close to 5 million paid subscribers as of June 2024. About 50% of those are based in the US, with the remaining half split evenly between the UK and EU.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company\u2019s goal is to reach one billion users globally with a new initiative to offer free access to the app\u2019s premium tier in 66 countries, including India, Indonesia and Nigeria.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dmitry Gurski, co-founder and CEO of Flo Health, said: \u201cWhen we started Flo, we identified a huge gap in women\u2019s health services. Now, we\u2019re a leader in a global movement to make women\u2019s health a priority everywhere.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Flo isn&#8217;t the only London-headquartered startup to achieve unicorn valuation in 2024. Other unicorns include AI voice cloning startup ElevenLabs, autonomous vehicle software developer Wayve, and Cambridge-based quantum computing firm Quantinuum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Female health app Flo becomes the latest UK tech unicorn with a \u00a3156M Series C round from NYC&#8217;s PE firm General Atlantic.<\/p>\n","protected":false},"author":4,"featured_media":328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[216,119],"class_list":["post-327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-software","tag-cambridge","tag-london"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Flo Health app secures unicorn status with \u00a3156M round - Regional technology news - South - TechSparx - Business technology stories in the South<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.techsparx.co.uk\/south\/software\/flo-health-app-secures-unicorn-status-with-156m-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flo Health app secures unicorn status with \u00a3156M round - 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