Investment Type: Private Equity
Year: 2016, 2018
Organization Type: For-profit
Cadence Health is a women’s health startup focused on providing a cost-effective birth control pill over the counter.
Why we invest:
The United States is behind the curve in making safe contraceptives easily accessible to women who need it most. The Pill is available in many other countries as an over-the-counter drug, increasing access and affordability. We invested in a convertible note in 2016 with Cadence Health given the company’s high potential to disrupt the U.S. contraceptive market by making birth control pills available without a prescription. We provided a follow on investment in early 2018, which will continue to move the pill closer to over-the-counter status.