For Immediate Release
Contact: Karen Magarelli
July 22 - Despite FemTech’s proven impact and market potential, the industry is underfunded, accounting for only a small percentage of aggregated capital that flows into healthcare.
Join FemTech Collective, Johnson & Johnson Innovation, Next Chapter Raise, Halogen, Avestria Ventures and many more for a virtual event on July 25 – 29 to discuss the funding gap for women’s health technology and what can be done about it.
Megan Capriccio, Co-Founder of FemTech Collective says, “We are so thrilled to have Johnson & Johnson Innovation join us for this event. Together, with our outstanding partners, we are making improvements in funding, but have a long way to go. This event is one more step on that journey. I invite you to attend and be part of the solution.”
Current State of Fundraising :
• FemTech funding accounts for 1.4% aggregated capital that flows into healthcare
• Women spend an estimated $500 billion on medical expenses annually— while a mere 4% of healthcare R&D is targeted specifically at female health issues
• An estimated 69% of FemTech startups have at least one female co-founder, in 2020, mixed-gender founding teams saw approximately 11.4 percent of VC capital invested compared to only 2.7 percent invested in solely female-lead teams
• 4 percent of CEOs and 21 percent of board members at Fortune 500 health care companies are women
• Women make up less than 5% of venture capitalists
• A large number of healthcare venture capitalists are yet to invest in FemTech
“The Johnson & Johnson Family of Companies is committed to diversity, equity and inclusion and is proud to be playing an active role in pursuing gender equality in Asia Pacific and around the world,” says Sharon Chan, Head of JLABS @ Shanghai. “We are delighted to bring together female leaders from Johnson & Johnson Innovation – JJDC, Inc. and Johnson & Johnson Innovation – JLABS resident companies to share the challenges and opportunities for female-led companies in their efforts to help deliver the next generation of healthcare potential solutions.”
Nicole Denholder of Next Chapter Raise says, “We are thrilled to be participating in this event. At Next Chapter Raise, we are proud to be involved in showcasing how fundraising awareness and access to the right investor communities can make a difference to those entrepreneurs driving the FemTech sector. This is aligned with our goals at Next Chapter Raise where female entrepreneurs come to understand and seek capital for their businesses. We support female founders in understanding different types of funding available to them, where to find it and how to approach that funding so that we can accelerate more female-led companies making an impact.”