These Startup Founders have Raised Millions to Innovate Women’s Healthcare in Amazing Ways
Carolyn Witte knows how difficult it is to be a woman navigating the United States’ broken healthcare system. In fact, it took her three long years seeing various doctors to finally get diagnosed with polycystic ovary syndrome (PCOS).
That experience motivated her to find a way to help other women like her to have a better experience with going to doctors for their health concerns.
Thus, Tia was born.
WebMD for Women’s Health
Together with her college best friend, Felicity Yost, Witte went on to create an app that’s focused on helping women answer health-related questions. She described the app as something like a ‘personalized WebMD’ but for women’s health.
Through Tia, users can type in their concerns or queries and get a response from actual health professionals. Witte’s past experience working for Google and Yost’s background in technology helped make the app possible.
After implementing word-of-mouth and Instagram-focused marketing strategies, Tia started receiving around 3,000 questions each day months after launching. Witte and Yost also got the help of a team of healthcare professionals to respond.
From App to Clinic
As traffic picked up, the two founders realized that they wanted Tia to be more than just something that answers women’s questions. This was when they thought of opening an actual clinic where users can meet face to face with doctors regarding their concerns.
Witte and Yost launched the first Tia clinic in 2019. The team of professionals that ran it consisted of 15 physicians, registered nurses, therapists, and other healthcare specialists.
To fund the expansion that Tia is going through and to keep their services within reach of women everywhere, Witte and Yost have raised millions from investors. In May 2020, they announced that they’d secured $24.275 million.
This brings their total funds raised to over $132 million since its inception.
Raising Funds for Expansion
Even more impressive is that the duo managed to raise that amount within just three years. Thus, Tia managed to remain a no-cost service to its tens of thousands of users.
Those who want to take advantage of the app’s virtual healthcare services pay a $15 per month membership fee. This totals just $150 a year, which is still an affordable amount.
In 2020, Witte and Yost were busy finding ways to keep Tia’s services accessible to women even during the pandemic, and geared toward opening more physical clinics across the country.
Tia has an all-female board of directors with clinics in various cities. The dream is to continually grow this brand.
More in Crowd Funding
How To Supercharge Your Expenses In 2023: Here Are 4 Tips From Money Experts
Adopting good money-handling habits can help you set off right in 2023. Financial problems are solved quickly if they are dealt...November 13, 2022
Here’s How You Can Protect Your Data From Malicious Thieves And Hackers
When making an online purchase or creating an account online, it is tempting to save banking details and passwords for the...November 8, 2022
Questions To Ask Yourself Before Opening A Bank Account
The next year is just around the corner—how crazy is that?! It feels like it was only yesterday when we were welcoming...November 8, 2022
When A Billion Dollars Is Just Too Much
There is an uneven distribution of wealth due to which the rich are getting richer. Activists and Philosophers have come together...November 4, 2022
Is Silver The Safe Haven Portfolio For Investors During The Current Financial Crisis?
It is no more a secret that the global economy is collapsing; inflation is at an all-time high, and investors believe...November 1, 2022
Banks That Offer Bonuses for Opening an Account
With inflation on the rise, every dollar counts, and banks are capitalising on the situation by offering customers substantial new account...October 17, 2022
Deeply Bothered By Raising Inflation, Canadians Are Opting For Something Naïve: Crowdfunding
As everywhere in the world, Canadians are equally bothered by the rising inflation. While Americans are living in the era of...September 27, 2022
5 Essentials That Will Add Up To The Luxury & Beauty Of Your Home
Beautifying houses is something that all of us yearn for. It is a matter of being human; living in the same...September 19, 2022
How To Save Money Through Bank Account Bonuses?
What if we tell you that there is a way to save more money while saving your existing money? Sounds too...September 4, 2022
You must be logged in to post a comment Login