Evernow raised $28.5M Series A Funding, a telehealth company, based in San Francisco.
The round was led by NEA with participation from 8VC, Refactor Capital, Coelius Capital, and other institutional investors as well as notable angel investors Gwyneth Paltrow, Glennon Doyle, Abby Wambach, Carla Harris (recent Vice Chairman and Managing Director at Morgan Stanley), Gwynne Shotwell, Sheila Lirio Marcelo (NEA Venture Partner and founder of Care.com and ProofofLearn), Drew Barrymore, and Cameron Diaz.
The company plans to use the funds to grow the team, build member community, leverage data and conduct research so that it can focus on product development.
Evernow, founded by Alicia Jackson, Ph.D. as CEO, is a telehealth business that uses science to help women through menopause and perimenopause. It uses technology to match women with personalized prescriptions and expert clinicians who can provide ongoing support via a user-friendly interface. The company offers targeted healthcare that targets not only the immediate but also long-term side effects of critical hormone drops. This includes symptoms that begin in perimenopause and continue through menopause.
Evernow was founded in 2019 and has studied over 100,000 women who have experienced perimenopause or menopause symptoms.
This news follows the hire of Chief Medical Officer Leah Millheiser, MD, NCMP, a Stanford professor and expert in menopause and female sexual medicine; Allie Sharma, MD, MSc, a Weill Cornell-trained psychiatrist with a deep background in both private practice and population health; and the Buck Institute’s Jennifer Garrison, Ph.D., a leading authority on ovarian biology and expert on reproductive lifespan.