Allara: $10 Million Raised To Help Women Dealing With Chronic Hormonal Conditions
Summary
Allara a first-of-its-kind virtual care platform bridging the care divide for the millions of women of reproductive age dealing with chronic hormonal conditions recently announced $10 million in Series A funding led by GV (Google Ventures), with participation from Great Oaks Venture Capital, Humbition, Vanterra, Gaingels, and individual investors like Tom Lee (One Medical) and Maggie Sellers. Allara plans to use the new funding round to expand access to care by extending its insurance coverage, launching partnerships with leading health systems to ensure continuity of patient care, and conducting much-needed clinical research.Over 1 in 3 women live with a chronic condition like polycystic ovary syndrome (PCOS), endometriosis, or hypothyroidism. These conditions often lead to complications like infertility, high-risk pregnancies, obesity, and diabetes, and delayed diagnoses and treatments cost the health system billions annually. At Allara, we finally take the burden off the patient to navigate a siloed care system and empower her with a whole-body, preventative approach to her health. Allara has built a brand and community that hundreds of thousands of patients trust, and were excited to support CEO Rachel Blank and the team as they provide women with compassionate, modern healthcare.