A women’s health startup, “Natalist” which is a Charleston-based, it secured a $5 million round of seed funding just after a month of announcing its launch.
The startup sells the fertility products on a subscription basis and through its customers can buy ovulation and the pregnancy tests, the prenatal pills and also a book on conception a la carte. It costs just $75 for s monthly bundle subscription.
The startup “Natalist” was founded under the leadership of health care and technology entrepreneur named Halle Tecco.
The Tecco’s former company, the venture firm “Rock Health”, is now becomes one of her startup’s early investors.
Rock Health also counts dozens of companies in its portfolio and in a tweet Thursday, Tecco said that “it comes full circle.”
A Rock Health writer said on the firm’s website on Thursday that “On a journey often riddled with the stigma and pseudoscience, “Natalist” actually provides information, the warmth and thesupport,”.
In mid of September Natalist also announced that it had forged a relationship with another “Daniel Island tech company”, the much larger Benefitfocus Inc. That is a publicly traded software firm, and it is promising to subsidize the cost to half of Natalist’s products for its roughly 1,450 employees.
According to an annual report, that takes the stock of the health of Southern startups is predicting record amounts, of venture funding the nationwide should also trickle into the region.
The private equity firm BIP Capital states that the 2018 was the South’s best year yet, in the amount of money raised that is roughly $6.7 billion in nine states according the report published last week.
Although most of the South’s tech industries are so far from maturing, and BIP has noted that the investors seem to be paying new attention to companies that are based below the Mason-Dixon line in part, because their money can go further.