Virtual women’s healthcare provider Midi Health has raised $100 million in a Series D financing, propelling the company to unicorn status.
Executives said the fundraising milestone underscores growing investor confidence in women’s health as a category, as the virtual care company prepares to expand its footprint nationwide. The firm, which launched with a focus on perimenopause and menopause services, now carries a $1 billion valuation, according to company leadership.
Joanna Strober, co-founder and CEO of Midi Health, stated that investor support reflects confidence in the company’s ability to build a nationwide healthcare organization, something she said was not feasible before COVID when care delivery was largely local. She explained that the current environment makes it possible to scale access to high-quality care across the country, noting there is substantial unmet demand among women and that Midi Health has identified a strong opportunity to build a company patients are actively seeking.
The Series D round was led by Goodwater Capital. Additional backing came from new investors Foresite Capital and Serena Ventures, alongside some returning supporters that included Google Ventures.
Founded five years ago, the Fierce 15 honoree for 2025 is developing a broad healthcare platform designed to support women throughout all phases of life, while maintaining a strong emphasis on midlife. Looking ahead, the company plans to expand its offerings with additional care pathways focused on areas such as metabolic health, weight issues, musculoskeletal conditions and long-term wellness support.
Strober said the company is closely guided by women’s needs and is responding directly to the demand it is seeing. She explained that Midi Health functions much like a multispecialty platform, where some patients arrive without a primary care provider. This requires the company to ensure preventive services are completed, including screenings and lab work, and then help guide patients to appropriate follow-up care based on results.
She added that the company is actively determining which aspects of care it should deliver internally and which are better handled through external providers. She also noted that Midi Health is seeing interest from both younger and older women, reinforcing that its strategy continues to be shaped by the range of patient needs and preferences emerging across age groups.
Midi Health has expanded quickly over the past five years, building a national clinician network of roughly 500 providers operating across all 50 states and serving more than 200,000 patients. The company delivers insurance-covered medical care, allowing patients to access services regardless of geography, Strober said.
According to the company, Midi Health now supports about 25,000 patients weekly, with its nationwide insurance coverage extending to more than 45 million women. Strober said expanding access to Medicare and Medicaid populations is part of the company’s long-term strategy, though a specific timeline has not yet been set.
The new capital will be used to fuel continued expansion and further investment in Midi Health’s technology platform, Strober said, with a focus on creating a system that can scale efficiently while maintaining high-quality care. She added that the company is also growing its clinical workforce.
Midi Health Raises $100M in Series D Round, Achieves Unicorn Status
Midi Health has successfully closed a $100 million Series D funding round, propelling the company into unicorn status with a valuation exceeding $1 billion. The latest investment highlights strong investor confidence in Midi Health’s mission to expand comprehensive virtual healthcare services for women across the United States.
Series D Funding Round and Investors
The Midi Health Series D round was led by Goodwater Capital, with participation from new investors Foresite Capital and Serena Ventures, alongside existing backers such as GV (Google Ventures), Emerson Collective, SemperVirens, and McKesson Ventures. This diverse investor group supports Midi Health’s vision of transforming women’s health through scalable, insurance-covered care.
