FemTec Well being, a new “wellness sciences company with a mission to completely transform women’s healthcare,” has acquired Birchbox for $45 million, in accordance to recent reviews. 

FemTec Overall health is a startup that publicly released on Oct 28th, and works by using personalised data and examination to develop interactive healthcare and individualized solutions.

FemTec Health’s patent-pending “BiomeAI” is a system that employs AI and deep equipment finding out to translate client, genetic, microbiome, and biometric data into the supply of holistic health care individualized for each individual girl.  

Dr. Kimon Angelides is the company’s founder. Considering the fact that Might of 2020, Angelides and her workforce have been building its info analytics system to make a new conventional for the continuum of care for women of all ages.

The enterprise aims to convey collectively product or service, companies and information analytics—starting with Birchbox, which will relaunch later this yr. 

FemTec Wellness already has in excess of 10M customers at launch—plus two clinical trials in progress, and a group of over 150 experts.

Birchbox will Relaunch Afterwards this Calendar year

FemTec Health will relaunch of Birchbox afterwards this yr, and will announce supplemental buyer items.  

Birchbox will change its emphasis from “elegance merchandise discovery” to curated, customized pores and skin and healthcare solutions using FemTec Health’s BiomeAI system.

Katia Beauchamp, founder of Birchbox, says, “I have generally believed in the power of ladies as a neighborhood, and I believe that this is a purely natural stage in the evolution of Birchbox. Eleven a long time ago, we have been compelled by an capacity to make deep consumer associations thirty day period soon after month.

Beauchamp continues, “FemTec’s vision for the upcoming of women’s health care was inspirational to me and I could see the prospect for the countless numbers of women in the Birchbox neighborhood to increase past buyer attractiveness goods to a a lot more holistic overall health and wellness offering.”

Kim Capone, chief scientific officer, FemTec Wellness, says, “Women’s wellness has been under-researched and underrepresented for much too lengthy…What I listen to consistently is that ladies do not know wherever to go, or what solutions to decide on that may enable.”

Capone carries on, “This is where FemTec Health’s unified and coordinated platform arrives in – we provide personalised providers and science-centered solutions that are significant and productive for women of all ages at all stages of their life. I think the long run is female and FemTec Health will enable get us there.”

Acquisitions Will Speed up Growth 

FemTec is leveraging its acquisitions to speed up growth, the firm says. In addition to Birchbox, FemTec Health has obtained Mira Splendor, the world’s 1st common shop and collaborative library for natural beauty. 

FemTec Health and fitness also obtained Liquid Grids, a social internet marketing platform for the healthcare business that has about 1.5 million users, to further more the development of its strong group of women of all ages.

Angelides, government chairman and interim CEO, claims, “Our 1st acquisitions within women’s health and fitness and attractiveness are critical to our mission to revolutionize the women’s healthcare and beauty business. Females have earned a thorough, all-encompassing product developed specifically for them. The commencing point is to actually fully grasp a woman’s health care wants and then implement good technological innovation like AI and predictive analytics to translate the facts into actionable results.” 

Angelides adds, “Our platform can be carried out throughout all locations together with specialty care, wellness and avoidance, reproductive care, sexual wellness, mental well being, persistent treatment, and over and above. It is pushed by state-of-the-artwork genomics and digital technologies that empower girls to consider regulate of their wellness at every phase of their everyday living journey, dependent on their personal wellbeing profiles.” &#13

FemTec Health’s Leadership Crew

Dr. Kimon Angelides is the founder of six main health care organizations which include EosHealth renamed Livongo.

FemTec Health’s management team also incorporates Dr. Kimberly Capone, Chief Scientific Officer (previously with Johnson & Johnson), and Dr. Laura Clapper, Main Operating Officer (formerly Cigna, CVS-Aetna).

Buyers, money and shareholders consist of Longmont Funds, Ithaca LifeSciences, Unilever Ventures, Shiseido, e.Ventures, Viking World, and Trinity Cash with a lot more than $38M elevated to date. Additionally, strategic partnerships with main well being and wellness firms will be introduced before long.