Women’s health company Tia has reportedly raised a $100M Series B bringing the company’s total funding to $132M. The round was led by Lone Pine Capital with participation from other investors including Threshold, Define Ventures, Torch Capital, ACME, Compound, Combine, The Helm, Human Ventures, Seae Ventures and Gingerbread Capital. The round marks one of the largest Series B investments ever for a healthcare company focused on women, signaling that Tia’s anti-fragmentation approach helps to shift women’s health from “niche” to mass market.
Tia plans to use the fresh investment to scale its “whole-woman, whole-life” model to more than 100,000 women by 2023. The funding will also help Tia grow its virtual & in-person operations in existing and new markets while expanding its service lines to care for women throughout their entire lives — from puberty to menopause. Since launching in 2017, Tia has grown to serve thousands of women aged 18-80 with blended in-person and virtual care in New York City, Los Angeles, Phoenix and soon San Francisco.
“Tia has created a holistic model that unlocks better and more focused care for the largest population of healthcare consumers in the U.S. – women,” said Kelly Granat, Portfolio Manager at Lone Pine Capital. “Just two years since treating its first female patient, Tia has proven it can be the leading and most trusted healthcare partner for women by building better, lasting relationships with them over the course of their entire lives. With a personalized approach that addresses the whole person, Tia’s full-service platform is well-positioned to become the premier destination for high-quality women’s healthcare.”
Even though women make up a larger portion of the population and control more than 80% of the $3.6 trillion annual healthcare spend, the most valuable U.S. healthcare consumer has been grossly misunderstood and underserved. To date, the healthcare system has fragmented women’s healthcare by body part or life stage, investing in an ineffective point-solution-driven model that doesn’t support their whole health. Women of reproductive age spend 90 percent more than men of the same age on healthcare, even as women’s health outcomes worsen across every metric – from maternal mortality and autoimmune disorders to anxiety and depression. Women of color, in particular, experience well-documented disparities in care and health outcomes.
Tia delivers comprehensive care both virtually and in-person, treating women across their whole lives and not just during a single reproductive stage or condition. The company’s care model fuses primary, mental health and gynecological care with other evidence-based wellness services (e.g., acupuncture) in one seamless, coordinated and integrated experience, giving women a one-stop shop for all their healthcare needs.
“Women deserve their own medical home that treats them as a whole person and not a disparate set of parts. They need a model that delivers truly connected care that meets them where they’re at — online and offline ” said Carolyn Witte, co-founder and CEO of Tia. “Our vision is to replace transactional, condition-based healthcare with relationship-based care that can cater to women for their whole lives, from puberty to menopause. We know when we make healthcare work better for women, it works better for families, for communities — for everyone.”
Tia also is forging partnerships with premier healthcare systems to ensure its patients can access and choose specialty care that Tia does not provide (e.g., obstetrical care and cardiology). Additionally, health system partnerships expand on Tia’s insurance offerings, enabling even more women to access Tia’s services in-network. By integrating with health systems, Tia extends its anti-fragmentation model beyond its “four walls” — helping to make the standard of care better for women, their families, and their communities.