Kimon Angelides, founder of six health care companies including EosHealth renamed Livongo, announced the launch of FemTec Health, a women's health sciences and beauty company focused on using technology and data to transform the total health care experience for women.
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FemTec Health is building the data analytics platform and infrastructure to accommodate wide-ranging products and services and acquisitions that provide continuity and coordination of care for every woman, at every life stage.
The patent-pending BiomeAI engine uses AI and deep machine learning to translate consumer, genetic, microbiome, and biometric data into the delivery of holistic healthcare personalized for every woman.
FemTec Health has acquired subscription beauty box Birchbox and Mira Beauty to further accelerate its growth. It also acquired Liquid Grids, a social marketing platform for the health care industry.
Later this year, FemTec Health will be announcing the company's innovative consumer offering including the re-launch of Birchbox, shifting the focus from beauty product discovery to curated personalized skin and healthcare products utilizing the BiomeAI platform.
Investors, capital and shareholders include Longmont Capital, Ithaca LifeSciences, Unilever Ventures, Shiseido, e.Ventures, Viking Global and Trinity Capital with more than $38 million raised to date.
Kim Capone, chief scientific officer, said: "Women's health has been under-researched and underrepresented for too long. As a woman and a scientist, I have often been the sounding board for friends and family on their wellness journey—offering advice and feedback on skincare, vaginal care, probiotics and supplements that can help with issues in skin and vaginal health, PMS and menopause. What I hear consistently is that women do not know where to go, or what products to choose that may help. This is where FemTec Health's unified and coordinated platform comes in—we provide personalized services and science-based products that are meaningful and effective for women at all stages of their lives. I believe the future is female and FemTec Health will help get us there."
Angelides said: "Our first acquisitions within women's health and beauty are key to our mission to revolutionize the women's healthcare and beauty industry. Women deserve a comprehensive, all-encompassing model designed specifically for them. The starting point is to really understand a woman's healthcare needs and then apply smart technology like AI and predictive analytics to translate the data into actionable outcomes."
Katia Beauchamp, founder of Birchbox, said: "I have always believed in the power of women as a community, and I believe this is a natural step in the evolution of Birchbox. Eleven years ago, we were compelled by an ability to build deep customer relationships month after month. FemTec's vision for the future of women's healthcare was inspirational to me and I could see the opportunity for the thousands of women in the Birchbox community to extend beyond consumer beauty products to a more holistic health and wellness offering."