Flo raises $50 million. Company valuation is $800 million

The Hi-Tech Park resident Flo raised $50 million investments in a Series B financing. The company is now valued at $800 million.

The investors in the recent round include VNV Global and Target Global with previous investments in Babylon Health, Lyft, Delivery Hero, and Bird.

The company plans to spend the funding to further mobile application development and expanding of the global team. «Flo will use the latest funding to enhance personalization and provide users with advanced cycle insights and symptom patterns to help them effectively manage and proactively improve their overall health. Flo will also use the funding to fuel the company’s continued headcount growth as it targets top talent across product, engineering, R&D, data science and medical roles», said the Flo team.

The Hi-Tech Park resident collaborates with leading universities and medical experts from around the world to conduct scientific research and to help women to receive reliable health information. The mobile app is available in 22 languages and is used by over 200 million people worldwide.

Flo Health, Inc joined Hi-Tech Park in 2015. The company is developing a femtech platform based on artificial intelligence.