A $three million spherical of seed funding will allow LOOM to transcend its brick-and-mortar heart to supply a brand new digital product and platform for sexual and reproductive wellbeing training that can launch within the fall.
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LOOM was based in 2016 by Erica Chidi, whose background is doula and well being educator, and Quinn Lundberg, who co-founded coverage advocate nonprofit Rising Voices.
The startup presents lessons from its Los Angeles-based heart on a variety of subjects from durations and intercourse to being pregnant and menopause. The brand new funding will let the corporate make the leap to a full on-line platform, whereas the preliminary model will supply providers on being pregnant and postpartum.
“The truth is, girls make up a defensible quantity of the inhabitants and, sadly, are confronted with a power lack of assets round well being care,” Chidi stated in an interview with Crunchbase Information. “When you consider the overall addressable market, we need to construct a well being training platform that can journey with a lady at each stage of her life.”
Sluggish Ventures led the seed spherical, which additionally included Precursor Ventures, GSV, Moxxie Ventures, Common Catalyst and Maveron. Moreover, angel traders embody Halle Tecco, Sheena Yatines, April Gargiulo and Brandon Shainfeld.
The funding, which occurred inside three months, places Chidi amongst 35 Black feminine founders who’ve raised greater than $1 million in enterprise capital.
“As a Black homosexual girl, I can’t talk about my leap into enterprise capital with out speaking in regards to the assist I’ve acquired, significantly from Kat Schneider, whom I met once we have been each at the start of our corporations,” she stated. “I additionally now notice I raised the spherical actually quick, however that’s testomony to the mentorship, the VC group’s sense of herd mind, and our sturdy worth proposition.”
The resurgence of Black Lives Matter and folks beginning to perceive that they’ve studying and unlearning to do when it comes to racism, Chidi stated, parallels the work she is doing with LOOM, which helps girls be taught and unlearn about their our bodies on the similar time.
One of many issues she couldn’t predict was the influence of COVID-19 on serving to girls really feel a way of self-discovery and entry to reproductive training, she added.
“We want to assist girls and BIPOC folks with entry to training and assist round whether or not they need to have a toddler or not have a toddler,” she stated. “We need to construct a product that’s emotionally agile and delivers literacy in a manner that may exist within the product and out of doors of the middle. We wish it to change into part of folks’s way of life, not simply one other on-line class you’re taking. When girls have a deeper understanding of how their physique works, they really feel empowered all through their life.”
Picture of Erica Chidi courtesy of Karen Hernadez
Blogroll illustration: Li-Anne Dias