Madrid, 28th May 2020
Cognitive Corporate Finance is pleased to announce that we have advised our client WOOM Fertility (woomfertility.com), a Madrid-based Femtech firm to close a €2m Pre-Series A round led by BrightCap Ventures and joined by Begin Capital.
WOOM is Spain’s first data science company for women’s reproductive health, currently with 800,000 registered users across 7 countries. By providing womenwith data-driven recommendationson best practice, knowledge oncycle and fertility health, as well as shared community for emotionalsupport, WOOM has accompanied hundreds of thousands of women during their conception. In Spain, 5% of pregnant women are using WOOM. The company also provides insights to healthcare companies on women’s fertility and overall health.
With thisfresh funding, WOOM is on track toupgrade its data platform development to further expand into Latin Americanmarkets, as well as to launch new products. Recently, WOOM has also launched its English version.
Laurence Fontinoy, CEO of WOOM says: “We are happy to successfully raise the round especially during this criticaltime. The COVID has presented both uncertainty and opportunity to us, but we are ensured more than ever that healthcare tech is the future, and what WOOM provides to women is beyond fertility health, but a more comprehensive understanding, education and awareness on health across cycles, that impacts every women and shareholders in the healthcare industry.”
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Charles Thoma, Managing Partner of CCF says: “We are super proud to have been able to assist WOOM in finding capital in this round, in particular in a harsh COVID environment. Beyond finding capital, we are also proud to be able to match our clients with the right capital, i.e. strategic partners that will help the company grow in its journey. WOOM is also a wonderful showcase for the Spanish ventureecosystem, and demonstrates the extent to which international capital continues to look for opportunities in Spain. We believe that the attractive valuations, the capital efficiency,thehigh-qualityengineering talentand the rise of Madrid, Barcelona and Valencia asinnovation hubs will see next generationstartupswith full potential emergingin the country.”
Cognitive Corporate Finance is a Madrid-HQ’d advisory firm that advises companies and funds in capital raises of all categories. Working with its unique tech-driven approach and in-depth understanding of investors, CCF has been advising in transaction across Europe, US, Asia, MENA and Africa, and has developed its expertise in early and growth equity and debt raising for technology companies, complex real estate transactions, LP search for funds, as well as other advisory services.
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