THE TERM ‘ FEMTECH ’ IS FOUNDED

The Co-Founder and CEO of Clue , Ida Tin , coined the term femtech .

She used it to describe the influx of women ’ s health technology in the market .

In a 2018 Geekettes panel , she famously explained : “ Then , investors can say , ‘ I have four FemTech companies in my portfolio ’ instead of ‘ I have a company for women peeing in their pants ’. That ’ s hard for a male investor to say .”

Ida Tin , Co-Founder &

PROGYNY GOES PUBLIC

Progyny opens itself up for public investment , clearly indicating the growing value of the femtech app market .

Progyny , an app that allows employers to manage fertility benefits , had a valuation exceeding $ 1bn at the time and currently has a market capitalisation of around $ 4bn .

18 March 2023