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Reenita Das, partner and SVP for healthcare and life sciences at Frost and Sullivan, said that femtech companies only accounted for 1.8% of total digital health investments in 2020.
Digital diet and wellness company Noom led last quarter's funding with $540 million in Series F investments.
Also: Entos works to improve drug development after closing its Series A round and Castor plans to build out its decentralized clinical trial platform with a $45 million investment.
Once combined, the company will operate as HeartFlow Group and trade on the NYSE under symbol HFLO.
The company currently runs a telehealth platform catering to men's health, fertility health, sexual wellness and skincare.
The Israeli company now has a total of $9 million in venture funding.
This brings the company's total raise to $140 million.
The company’s production studio has created over 2,000 original videos that span a variety of conditions and procedures.
During the COVID-19 pandemic rates of depression, anxiety and substance abuse increased.
The chronic disease management company also seeks to enter the Middle East and US markets.