This article explores the rising trend of venture capital funding in women's health companies in 2024, highlighting key statistics and factors driving this growth. It also examines persistent gender disparities in funding and leadership within the sector.
initiativesAs in those prior articles, “women’s health” here is defined as U.S-based, VC-backed companies labeled as “women’s health”, “women’s healthcare”, or “FemTech” in PitchBook Data. Overall, these companies – shortened to “women’s health” for the rest of this article – raised $1.51B collectively in 2024 across 119 deals. While the number of deals stayed relatively flat from 2023 to 2024 , the collective amount raised soared, increasing from $1.14B from 2023 to $1.51B in 2024: a $0.
Meanwhile, another piece of recent women’s health-centric legislation is the Women’s Health Protection Act that was re-introduced in March 2023 into the House of Representatives. In September 2021 and March 2022, the U.S House voted to pass this Act, but it failed in the Senate. If passed, the Women’s Health Protection Act would create a new right both for healthcare professionals to provide and for patients to receive abortion care throughout the U.S.
Meanwhile, 2025 is already off to a quick start on its own: in just the first 10 days of this new year, Superpower, a wellness startup, acquiredfor $310M .
Unfortunately, 2024 couldn’t uphold that reversal. According to PitchBook Data, in 2024, the average deal size for female founders in women’s health was $9.1M, the average deal size for female CEOs in women’s health was $9.3M, the average deal size for male founders in women’s health was $21.6M, and the average deal size for male CEOs in women’s health was $14.5M. Put another way, female founders’ average deal size shrunk by $4M, or 30.5%, from 2023 to 2024 - and they raised, on average, $12.
Women's Health Funding Venture Capital Femtech Gender Bias Healthcare Innovation
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