Allara Health Raises $26 Million to Transform Women’s Hormonal Care: Latest News from MedCity

Allara Health, a virtual women’s health company based in New York City, has secured $26 million in Series B funding. This boost will help the company support women dealing with chronic hormonal issues.

The services of Allara Health cater to women with conditions such as polycystic ovarian syndrome (PCOS), endometriosis, and hypothyroidism. Patients begin by meeting with an OBGYN or nurse practitioner through a video call. They also connect with a registered dietitian and undergo important testing for hormones and metabolism. Following this, they receive a tailored care plan that includes dietary advice, lifestyle changes, and potential medication options. Additionally, patients have check-ins with their dietitian every couple of months and ongoing consultations with physicians. Allara Health accepts major insurances like UnitedHealthcare, Aetna, and Cigna.

Index Ventures led the recent funding round, with notable participation from Google Ventures. Overall, Allara Health has raised a total of $38.5 million to date.

According to Martin Mignot, a partner at Index Ventures, women have often been overlooked in healthcare. He believes Allara is changing that by providing personalized treatment at scale through a dedicated team of experts. Mignot emphasized the shift of healthcare from in-person visits to online platforms, mentioning the potential for better care access.

This funding will allow Allara Health to extend its services to more women across the country. Currently, the company provides complete medical and nutrition services in 23 states and offers nutrition-only memberships in 22 states and Washington, D.C.

Research indicates that one in three women grapple with chronic hormonal conditions. Sadly, many remain undiagnosed—almost 70% of PCOS cases go unnoticed. In fact, women typically wait around 10 years to receive a proper diagnosis for endometriosis.

Rachel Blank, the founder and CEO of Allara Health, understands these challenges personally. She stated, “Allara was built for the tens of millions of women living with complex hormonal and gynecologic conditions.” After her own PCOS diagnosis, she felt the need for better support and equity within the healthcare system.

Allara Health is not alone in this space. Other digital health companies like WellTheory and Visana Health also focus on supporting women with hormonal issues and reproductive health challenges.