Telehealth startups are having their moment in the spotlight. But Tia’s recent funding shows the appeal in healthcare startups that blend both online and offline services.
On Thursday, Tia announced it raised a $24.275 million funding round led by Threshold Ventures. According to the company, this is the largest Series A raised by a woman CEO in 2020.
Tia is a telehealth startup that focuses specifically on women’s health. It offers a membership-based model that gives people access to its in-person clinic and network of specialists, virtual care visits, its chat-based platform, mobile health records and more. Through Tia, members can do anything from visit a OB/GYN, chat with their doctor around the clock, get therapy services, fill a prescription and more.
Tia tries to offer its members a wholistic approach to health by providing services related to all forms of women’s health, whether that’s reproductive health, mental health or wellness. It also makes it easier to contact medical professionals at any time.
This new round of funding will help Tia as it expands its reach. The company has a stylish NYC clinic for in-person visits, which it plans to reopen on June 1. This in-person clinic helps Tia achieve its goal of seamlessly integrating virtual and physical care. Tia plans to open more of these clinics in new markets as it expands, as well as partner with new healthcare providers and medical professionals.
“Women control more than 80 percent of U.S. healthcare dollars. In blunt terms, we use healthcare more, have more doctors, and spend more dollars,” Tia cofounders Carolyn Witte and Felicity Yost wrote in a blog post. “Nonetheless, we’ve been under-researched and underserved by a healthcare system that continues to treat us as ‘small men with different parts’ — all-too-often neglecting the complex interplay of hormones, gene regulation, metabolism, and other sex-specific differences that make female health fundamentally distinct from male health. It’s time for that to change.”