Millie Raises $12M Series A for Maternity Care | TechCrunch

Millie Secures $12 Million Series A Funding

Millie, a maternity clinic headquartered in California and established by Anu Sharma, has announced the successful completion of a $12 million Series A funding round.

Investors participating in this round include Foreground Capital, TMV, and Pivotal Ventures, an investment firm founded by Melinda French Gates.

The Genesis of Millie

The impetus for launching Millie stemmed from Sharma’s personal experience following the birth of her daughter in 2019.

During her pregnancy, Sharma encountered complications.

Leveraging a background rooted in a family of medical professionals, she was able to recognize certain symptoms that had initially been overlooked by her healthcare providers.

This experience motivated her to create a maternity clinic designed to deliver the level of care she wished she had received during her own childbirth journey.

Millie’s Comprehensive Care Model

Millie officially began operations in 2022.

The clinic provides a wide spectrum of services, encompassing maternity and gynecological care, alongside postpartum support, mental wellness resources, and nutritional guidance.

Millie accepts all major insurance plans and offers both in-person appointments and virtual care options.

A dedicated technology platform further enhances patient care through remote monitoring tools.

Comparable companies operating in this sector include Diana Health and Oula.

A Hybrid Approach and Future Expansion

“Our distinctive approach lies in our hybrid model,” explained Sharma in an interview with TechCrunch.

“This model seamlessly integrates in-person care at our clinics with the convenience of virtual visits, continuous remote monitoring, and a dedicated, proprietary application.”

Sharma further emphasized the company’s commitment to a cost-effective operational strategy, increasingly supported by workflows enhanced by AI, and collaborative partnerships with both payers and health system partners.

Notably, Millie’s investor base is comprised entirely of firms led by women.

Having raised close to $19 million in total funding, the company intends to utilize this new capital to broaden its physical presence throughout California.

Furthermore, Millie plans to enhance its technological capabilities and expand its network of collaborating healthcare providers.

This article has been updated to accurately reflect the investors involved in the funding round and to provide clarification regarding the medical professionals within Sharma’s family.