Recharge Capital has raised $200 million from backers including billionaire Peter Thiel for a fund to invest in women’s health.
(Bloomberg) — Recharge Capital has raised $200 million from backers including billionaire Peter Thiel for a fund to invest in women’s health.
The US investment firm said in a statement on Thursday that the first tranche of capital for the Women’s Healthcare Investment Vehicle will be used to help create an “end-to-end ecosystem within the women’s fertility value chain” across Europe, the Middle East, southeast Asia and Latin America.
The fund has received money from Thiel Capital, as well Saudi Arabia’s billionaire Olayan family and a private equity arm of the Disney family. Tech entrepreneur Ian Osborne and real estate investor Frank Liu are among the fund’s other backers.
“Women’s health care, within our thematic-first investment framework, holds tremendous potential for both substantial growth and positive societal impact, as it addresses the needs of half of the global population,” Lorin Gu, founding partner at Recharge, said in the statement.
Gu’s goal is to make reproductive care cheaper and more accessible and Recharge has already doubled down on women’s health in the US in the wake of last year’s Supreme Court ruling on abortions. The firm has invested in clinics offering fertility services such as in-vitro fertilization, as well as those providing abortions.
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