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Fortune
Fortune
Emma Hinchliffe, Joseph Abrams

Alphabet's GV invests in menopause startup Midi Health

portrait of a woman in business professional clothing smiling (Credit: Courtesy of Midi Health)

Good morning, Broadsheet readers! A new study found that women's medical 'pink tax' is real, former Tinder CEO Renate Nyborg is developing a new AI app, and GV invests in a menopause startup. Have an excellent Wednesday.

- Impactful investment. For three years, GV, Alphabet's venture capital arm formerly known as Google Ventures, has been looking at the menopause space. The firm has deployed almost $150 million in the women's health category, says general partner Frédérique Dame. But it hadn't found the right startup working on meeting the needs of women experiencing menopause—until now.

GV is leading a $25 million funding round in Midi Health, a virtual clinic focused on menopause care that founder and CEO Joanna Strober launched last year, Fortune is the first to report.

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