Maven Clinic revenue, valuation & funding | Sacra
Maven Clinic
Telehealth benefit for employers offering fertility, maternity, pediatrics, and menopause care
Financial Overview
- Revenue: $268.00M (2024)
- Valuation: $1.70B (2024)
- Funding: $425.00M (2024)
- Growth Rate (y/y): 26% (2024)
Details
- Headquarters: New York, United States
- CEO: Kate Ryder
- Website: mavenclinic.com
Milestones
- Founding Year: 2014
Revenue Metrics
| Metric | Value |
|---|---|
| ARR ($M) | $268.1M |
| ARR Growth (%) | 25.8% |
| Revenue ($M) | $268M |
| Revenue Growth (%) | 26% |
Business Model
Maven Clinic operates as a B2B2C telehealth platform focusing on women's and family health with a hybrid subscription model that combines platform fees with per-member pricing. Current revenue streams include:
- Platform Fee: $20-40K annually
- Per-Member Fees:
- Preconception planning: $700/year/member
- Fertility support: $700/year/member
- Pregnancy/new parent support: $950/year/member
- Benefits Administration: $800/enrollee/year
- Consumer Subscriptions: Direct billing for individual users outside employer benefits.
Market and Competition
Maven Clinic faces competition from vertically integrated players like Kindbody, as well as emerging startups offering niche services. The market for family health benefits is growing due to demographic shifts, increasing demand for fertility services, and rising employer spending. The fertility services market is expected to double from $35B in 2023 to $71B by 2030.
Recent Research Findings
- Fertility Benefits Impact: Effective design of fertility benefits can significantly lower pregnancy costs, supporting employers' management of clinical and financial risks.
News Highlights
- Maven Clinic's Impact: Emphasizes the growing importance of fertility benefits to attract a reproductive-age workforce as 50% of employers now offer IVF coverage.
This innovative approach to family health care combines a wide range of services, addressing crucial moments in women's health across their life stages.