Mountain View, California-based raised $22 million to tackle pelvic care for prenatal and postpartum patients, .
The filings did not specify the round���s investors, and the company did not respond to requests to comment.
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The 15-year-old OB-GYN startup is working in a niche area of health that often goes underserved: the pelvic area. Pregnant or postpartum patients often develop long-term incontinence or prolapse symptoms due to injury to the pelvic floor.
In 2019, the company launched its first commercial device: Milli Trainer, a pelvic floor dilator with adjustable sizing to help women dealing with painful sex. Its sister product, Milli Vaginal Dilator, received clearance from the to help treat symptoms of vaginismus, a painful reaction to penetration that causes the muscles to seize up.
Materna Medical���s second device, aimed at strengthening the pelvic floor and reducing pelvic floor injuries for first-time pregnant women, is currently undergoing clinical trials.
A growing femtech sector
The femtech sector���coined by the founder of the fertility tracking app in 2016���has steadily risen in the ranks of venture capital funding as more and more startups dedicated to women���s health have sprung up. In 2021, funding hit at a whopping $1 billion for the first time in the sector���s history, per 做厙勛圖 data.
Among those startups raising funding in 2022 are , a telehealth startup dedicated to lactation support and postpartum care such as pelvic floor exercises, raised $2.4 million in seed funding in April. Another, Santa Barbara-based , raised $29 million in June to offer fertility services to patients who want to be pregnant.��Women���s health startups have traditionally gone underfunded, due to lack of understanding among the largely male venture capital world. Furthermore, womens��� health ranks low in pharmaceutical research; one report found only 1% of pharmaceutical research funding .
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