The femtech market has experienced rapid growth, with its global value reaching $6.69 billion in 2023 and projected to expand to $29.62 billion by 2032. Europe is a key player in this growth, with the UK, Germany, and France leading in femtech startups and investments.
Vestbee has curated a list of funds investing in European femtech startups. Our selection focused on venture capital firms with a substantial number of femtech companies in their portfolios, rather than those that invest solely in healthtech or female-led businesses. These funds specialize in femtech or have a notable range of femtech investments, reflecting their commitment to the sector. Additionally, the funds are either based in Europe or have a proven track record of investing in European companies.
Europe-based VC funds
Ascension VC
HQ: London, UK
Latest fund size: £50M (Ascension Fund III)
Femtech companies in portfolio: Amilis, Juniver
Ascension VC is an early-stage venture capital firm that aims to back the next generation of tech and impact founders in the UK. It is one of the most active investors in London, participating in rounds from seed to Series A, either as a lead or co-investor. The firm takes a hands-on approach to supporting its founders, providing not only capital but also strategic guidance and introductions to its network of angels and advisors. Its newest fund focuses on impact businesses addressing the cost of living crisis by emphasizing new work, financial inclusion, and access to better health, and they have already made substantial investments in the field of femtech.
Calm/Storm Ventures
HQ: Vienna, Austria
Latest fund size: N/A
Femtech companies in portfolio: Meela, Levy, Keleya
Calm/Storm Ventures is an early-stage digital health fund based in Europe, focusing on femtech, tabootech, and female founders. The firm invests in purpose-driven startups that address sensitive topics such as fertility, sexual wellness, mental health, and chronic conditions, aiming to improve life, health, and wellbeing. With a portfolio that includes over 50 startups, Calm/Storm is recognized as the most active health investor in Europe, emphasizing diversity and equal opportunities — 50% of its portfolio companies have diverse teams. The fund operates with a check size ranging from €50,000 to €250,000, targeting pre-seed and seed-stage investments.
Essity Ventures
HQ: Stockholm, Sweden
Latest fund size: N/A
Femtech companies in portfolio: Clementine, Fertilitae
Essity Ventures is the venture arm of Essity, a leading global hygiene and health company focused on enhancing well-being. Essity Ventures seeks startups and entrepreneurs aligned with its mission to break barriers to health, hygiene, and well-being, particularly in areas like women's health and hygiene. The fund collaborates with startups and thought leaders to explore new growth opportunities within the field. As a venture studio, Essity Ventures facilitates co-creation by developing new businesses with its partners throughout the value chain, from concept validation to venture growth.
General Catalyst
HQ: London, UK
Latest fund size: $600M
Femtech companies in portfolio: Clue, Tia
General Catalyst is a venture capital firm that supports startups throughout all phases of growth. The fund sees itself as an agent of change, working to transform companies, industries, and the world. General Catalyst has a diverse portfolio across various sectors, including healthtech, and a significant number of femtech companies. It has a team of world-class investors, operators, and advisors who collaborate to support the companies in its portfolio.
Goddess Gaia Ventures
HQ: London, UK
Latest fund size: Female Centred Healthcare Fund of £100M
Femtech companies in portfolio: Biorithm, WildAI
Goddess Gaia Ventures (GGV) is a pioneering venture fund focused on the women's healthcare market, investing in five core pillars: women's fertility, cancer, wellness, chronic diseases, and femtech products and services. Founded to address the historical underfunding and oversight of women-centered healthcare, GGV aims to support purpose-driven founders who are creating impactful companies. The fund specializes in pre-Series A investments and emphasizes diversity, with 50% of its portfolio companies led by diverse teams and one-third of CEOs identifying as non-male.
Octopus Ventures
HQ: London, UK
Latest fund size: Octopus Ventures Growth Fund of £83M
Femtech companies in portfolio: Elvie, Vira
Octopus Ventures is a pan-European investor with a strong presence in the UK and US and a global approach to investing. It engages with startups across pre-seed, seed, Series A, and beyond stages. The fund’s pre-seed investments can start even before product development, with an average investment of £100,000. It also provides seed funding, Series A, and later-stage investments, typically starting at £1 million. Among its many focus sectors is health tech, including femtech.
Salica Investment
HQ: London, UK
Latest fund size: Oryx Fund of $50M
Femtech companies in portfolio: SAIZ, Daye
Salica, formerly known as Hambro Perks, is a London-based international investment firm specializing in private technology investments. The firm has evolved into a diverse set of private market funds that invest globally in equity and debt across various sectors, with a strong emphasis on ESG metrics. Salica has made significant investments in the femtech sector, focusing on technologies that enhance women's health and well-being. With a team of experienced professionals and a network of strategic partnerships, the firm aims to support transformative startups while delivering compelling investment returns.
Seedcamp
HQ: London, UK
Latest fund size: N/A
Femtech companies in portfolio: Gaia, Parla
Seedcamp is an early-stage venture capital firm investing globally in startups that target large markets and solve real problems with technology. It backs ventures across diverse sectors such as software, hardware, marketplaces, fintech, healthtech, and AI/ML. With a broad network of investors, mentors, and experts, Seedcamp supports its portfolio companies. As a first-check investor, it typically invests $350,000 to $1 million in founders at any stage of product development.
Speedinvest
HQ: Vienna, Austria
Latest fund size: €350M
Femtech companies in portfolio: The Lowdown, Fertifa
Speedinvest is a pan-European venture capital firm that offers an extensive industry-specific network connecting portfolio companies with other founders and experts at every stage. The fund’s initial ticket size ranges from €300,000 to to €15 million, depending on the industry. In the health sector, including femtech, they usually provide startups with tickets of up to €2 million. Speedinvest primarily invests in pre-seed and seed-stage startups.
The Case for Her
HQ: Stockholm, Sweden
Latest fund size: N/A
Femtech companies in portfolio: AFRIpads, OKY
The Case for Her is a blended-finance investment firm focused on addressing critical women's health issues related to menstruation, sexual health, and pleasure through grants, equity investments, and convertible debt. The fund employs a flexible investment strategy, supporting companies poised for growth while also providing grants to help organizations test and validate their ideas. By advocating for the inclusion of key women's health issues in the global health agenda, The Case for Her aims to shift more capital into this underfunded space and de-risk investments for other investors.
Unconventional Ventures
HQ: Copenhagen, Denmark
Latest fund size: Unconventional Ventures fund of €30M
Femtech companies in portfolio: LEIA, The Blue Box
Unconventional Ventures is a Nordic early-stage venture capital firm that invests in pre-seed and seed-stage startups led by diverse founders, including women, people of color, immigrants, and LGBTQ+ individuals, with a focus on scalable impact tech companies. The fund is vertical-agnostic but prioritizes investments in areas such as climate and environment, health and femtech, education, and financial inclusion. The firm has already established a strong portfolio, with 75% of its investments in all-female founding teams.
US-based VC funds
Amboy Street Ventures
HQ: Los Angeles
Latest fund size: $20M
Femtech companies in the portfolio: Dame, Evvy
Amboy Street Ventures is the world’s first venture capital fund dedicated exclusively to women’s health and sexual health startups. Focusing on seed and Series A investments, the fund targets the untapped $1 trillion market opportunity in North America and Europe. Beyond capital, Amboy Street Ventures provides extensive support through its Value Enhancement Team, which assists portfolio companies with marketing, sales, product development, and public education. This support is facilitated by the fund’s affiliation with the Healthy Pleasure Group, an ecosystem aimed at overcoming challenges in the health tech sector.
Avestria Ventures
HQ: San Francisco
Latest fund size: N/A
Femtech companies in portfolio: Axena Health, Mae
Avestria Ventures is a venture capital firm dedicated to investing in early-stage women’s health and female-led life science companies. The fund seeks out startups that utilize technology and/or data to improve healthcare quality, access, and cost, or empower patients. It focuses on evidence-based solutions that induce clinical or behavioral change, possess scalable commercialization plans, and have a sustainable competitive advantage.
BoxGroup
HQ: New York
Latest fund size: N/A
Femtech companies in portfolio: Maven, Evvy
BoxGroup is an early-stage investment fund based in New York City that focuses on technology companies, with a significant emphasis on healthtech and femtech sectors. The fund invests from pre-seed to Series A stages, providing capital of up to $1 million and reserving funds for follow-on investments as companies scale. BoxGroup values collaboration and aims to be a supportive partner to founders, emphasizing integrity, curiosity, and ambition in its investments.
Coyote Ventures
HQ: San Francisco
Latest fund size: Coyote Ventures Fund I of $10M
Femtech companies in portfolio: Betterleave, Malama
Coyote Ventures is a venture capital fund that invests in seed-stage startups with a focus on digital health, particularly in the realm of women’s health. The fund prioritizes founders who possess both expertise in their field and lived experiences relevant to the populations they serve. Coyote Ventures aims to address health issues that disproportionately affect overlooked communities, emphasizing a comprehensive definition of health that includes physical, financial, mental, emotional, and community aspects.
Female Founders Fund
HQ: New York
Latest fund size: N/A
Femtech companies in portfolio: Branch, Gabbi
Female Founders Fund is an early-stage fund established in 2014, dedicated to investing in transformational technology companies founded by women. With over $3 billion in enterprise value, FFF believes that women will lead the companies of tomorrow, leveraging their unique consumer insights. The fund provides a robust ecosystem of resources for female entrepreneurs, focusing on sectors such as femtech, healthcare, beauty and personal care, vertical software solutions, AI, and climate tech. Investing primarily at the seed stage, FFF typically commits between $500,000 and $750,000 and aims to build relationships with founders well before formal fundraising.
Gaingels
HQ: Burlington
Latest fund size: Gaingels By Heart 2024 of $1.5M
Femtech companies in portfolio: Nuvo, Maven
Gaingels is a leading venture investment syndicate dedicated to promoting diversity and inclusion in the venture capital ecosystem, with a focus on supporting LGBTQ+ founders and their allies. The fund co-invests alongside established venture capital firms in companies committed to building diverse and inclusive teams, aiming to achieve strong financial returns while driving social change. Since its inception, Gaingels has invested over $800 million across more than 2,600 rounds, supporting companies at all stages of growth, from pre-seed to pre-IPO.
Joyance
HQ: San Francisco
Latest fund size: N/A
Femtech companies in portfolio: Attn: Grace, Dame
Joyance is a venture fund that invests in companies leveraging science and technology to enhance joy and improve quality of life. Operating across North America, Europe, and Asia, Joyance focuses on the health and consumer sectors, targeting investments from pre-seed to Series A stages. By investing in emerging technologies and scientific research, the fund aims to foster a transformative cycle of health and happiness.
The Helm
HQ: New York
Latest fund size: Fund II ($25 million
Femtech companies in portfolio: Aoa, Hey Jane
The Helm focuses on investing in female-founded companies to leverage both social and financial returns. While primarily targeting North America, it also considers opportunities in Europe and the UK. The fund specializes in late seed investments, seeking companies with a minimum viable product and early traction. It emphasizes women’s healthcare and climate tech, typically investing $500,000 per company and reserving up to 35% of capital for follow-on investments.
