On August 17, 2021, Maven Clinic, the largest virtual clinic for women's and family health, announced it has closed $110 million in Series D funding. The funding round was co-led by Dragoneer Investment Group and Lux Capital, with participation from BOND and certain existing investors. Maven also welcomed Oprah Winfrey as an investor in the round. Wilson Sonsini Goodrich & Rosati represented Maven in the transaction.

The latest funding comes on the heels of a period of rapid growth for Maven. Since raising its Series C round of funding, Maven has significantly increased its client base across employers and payers, partnering with four new Fortune 15, with membership in Maven's employer and payer-sponsored programs increasing 400 percent. Even amidst this rapid growth, Maven has achieved a near 100 percent retention rate among existing clients like Boston Scientific, Booz Allen Hamilton, and L'Oreal.

Maven plans to use its Series D financing to expand into new populations and to invest in additional product innovation to further enhance its award-winning member experience designed to improve clinical outcomes.

The Wilson Sonsini team representing Maven in the transaction includes Megan Baier, Catherine Riley Tzipori, Abi Riddle, and Amy Lucas.

For more information, please see Maven’s press release.