Femtech startup Inne snags funding
Summary
31st October, 2019 The startup behind a unique hormone tracker which empowers women to decode their bodies by leveraging technology, has raised €8m in Series A funding led by Blossom Capital. Participating in the round is Monkfish Equity, an early backer of the Berlin-based company, as well as notable angel investors such as Taavet Hinrikus, co-founder of TransferWise, Tom Stafford, managing partner at DST and Trivago co-founder Rolf Schromgens. Eirini was determined to find a way of leveraging technology to enable all women have a greater understanding of their bodies and take control of their contraceptive choices, so that they could make the most of their careers and relationships. Based on her own experience and through multiple user interviews, Eirini understood that a new product had to be compatible with a busy daily life, simple and hygienic to use, and more insightful than the period-tracking apps already on the market. Enabling birth control without chemicals is a huge step forward for women all over the world.” Inne will use this funding to expand its team, drawn from all corners of Europe, to work on this mission.