“That’s what women find so frustrating,” said Alicia Jackson. “Like, oh my God, do I have to suffer like this for the rest of my life?”

Jackson talks about menopause, mainly about side effects such as hot flashes, mood swings, sleep problems and slow metabolism, which can affect approximately 1.3 million American women a year and can have a serious impact on the quality of life, both at home and abroad at the work place. But she can also talk about financial losses.

Detailed Study from 2015 estimate the average cost of managing menopausal symptoms, from hormone replacement therapies such as estradiol patches and progesterone pills to doctor visits for loss of productivity, at $ 2,116 per woman per year. That’s more than most people pay annually for their cell phone bills. And the symptoms of menopause can last an average of four to seven years.

Given the emotional, physical, and economic damage that menopause has on women, and the lack of companies that can handle such costs, Jackson saw an opportunity for something new. So in 2019, she founded Evernow, which offers monthly plans priced at $ 75 or $ 129 per month, which provide telehealth consultations with licensed obstetricians and gynecologists, as well as prescriptions for estradiol patches or pills and the antidepressant paroxetine used to treat hot flashes. and fluctuations in sleep quality (costs vary depending on the drug manufacturer).

Last month, Evernow provided $ 28.5 million in funding from some of the most famous angel investors, including SpaceX President Gwyn Shotwell, Hollywood royals Gwyneth Paltrow, Drew Barrymore and Cameron Diaz, and football legend Abby Wambach and her wife, activist and author Glenn Doyle. The Serie A round was led by a venture capital firm New Enterprise Associateswith participation from 8VC, Refactor CapitalCoelius Capital et al.

https://www.theinformation.com/articles/making-it-cool-to-talk-about-menopause-a-celebrity-backed-startup-taps-a-long-neglected-market

Previous articleAcquiring skills to meet my ambitions with Simplilearn
Next articleThe Able NXT electric truck pulls loads into replaceable rear modules