Maternity clinic Millie nabs $12M Series A from an all-star, all female class of VCs | TechCrunch

Millie, a California-based maternity clinic, founded by Anu Sharma, announced the raise of a $12 million Series A by investors including RH Capital, TMV, and Melinda French Gates’ Pivotal Ventures. 

Sharma was inspired to launch the company after the birth of her daughter in 2019. She faced pregnancy complications and, as the child of a doctor, was able to identify some symptoms that were missed by medical staff. The experience led her to build a maternity clinic — the one she would have wanted while she was giving birth. 

The result is Milile, which launched in 2022. It offers maternity and gynecology care, as well as postpartum coaching, mental health, and nutrition counseling. It works with all major insurance companies and there is in-person and virtual support, with a tech platform that provides patient monitoring tools. Others in this space include Quilted Health and Oula. 

“What makes Millie unique is our hybrid model which combines in-person care at our clinics with virtual visits, remote monitoring, and a proprietary app,” Sharma told TechCrunch. “We do this with a capital efficient model, increasingly powered by AI-enabled workflows, in collaboration with payors and health system partners.”

Millie’s cap table consists of all female-led firms. The company, which has raised nearly $19 million to date, will use the fresh capital to expand its physical footprint across California and advance its technology services. It also wants to expand the network of healthcare partners with whom it works.