Midi Health Reaches $1B Valuation Following $100M Series D
Midi Health has closed a $100 million Series D financing round, elevating the company to a valuation exceeding $1 billion and positioning it among a small group of women’s health companies to reach unicorn status. The milestone comes as the sector continues to address long-standing gaps in care delivery and investment, particularly for midlife and older women.
Originally founded as a virtual menopause care provider, Midi Health is now broadening its scope to what it describes as “lifelong care.” The expansion includes services spanning cardiology, obesity management, autoimmune survivorship, and longevity, reflecting the company’s strategy to support women through multiple stages of aging and chronic disease risk. Each year, approximately two million women in the U.S. enter menopause, and untreated symptoms are estimated to cost the economy $25 billion annually. Midi’s leadership argues that menopause represents an entry point rather than an endpoint for ongoing care engagement.
The company reports it is currently seeing more than 25,000 patients per week and has insurance coverage reaching 45 million women nationwide. To support this scale, Midi is deploying a proprietary AI engine designed to integrate into clinical workflows and reduce operational strain on providers. The system is used to:
Personalize care by analyzing patient charts prior to virtual visits, allowing clinicians to focus on decision-making rather than data review.
Streamline operations through automated triage and documentation, with the goal of reducing after-hours charting for clinicians.
Refine clinical protocols by analyzing one of the largest datasets focused on midlife women, supporting research and continuous improvement in outcomes.
Alongside the financing, Midi has strengthened its executive team to manage rapid growth and potential future public-market readiness. Jason Wheeler, formerly in senior finance roles at Tesla and Google, has been appointed chief financial officer. He joins recently hired chief marketing officer Melissa Waters, previously at Meta and Lyft, and chief commercial officer Matt Cook.
“This is validation for the movement we’re leading,” said Joanna Strober, co-founder and CEO of Midi Health. “Women’s health has been treated like an afterthought for too long.”
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