Michael Cline’s Accretive has led a $26 million Series A round for Herself Health, which provides primary care to older women. Juxtapose, a venture fund run by Patrick Chun and Jed Cairo, also participated. Earlier this year, the St. Paul, Minn.-based startup raised $7 million in seed funding.
Founded in 2022 to provide healthcare for women 65 and older, Herself Health operates one clinic in St. Paul, Minn., with plans to open more in the next 18 months.
“Herself Health is addressing a long-neglected segment of the population with thoughtful, differentiated primary care services,” said Cline, who has since the turn of the century built a model to create and nurture startups. “This approach has the potential to fundamentally change the way women 65+ across the United States experience health care and start a long overdue conversation about the unique health and wellness needs these women have.”
Cline says he founded the New York-based Accretive to focus on “creating companies using deep fundamental sectoral and ecosystem analysis to develop an idea.” He has used this model to build startups, such as Exult, Xchanging, Fandango, R1, Accolade, Accumen, Insureon and Everspring. In 2018, Accretive’s DRESR, an artificial intelligence company, was acquired by a large tech firm even before a public launch. Cline also serves as executive chairman of Juxtapose.
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“Women 65+ face unique health and social challenges as they age, and for far too long, their concerns, needs, and desires have been ignored,” said Herself Health CEO Kristen Helton, who was previously a senior Amazon executive and research scientist. “That’s why we are designing Herself Health to be the value-based solution to improve outcomes and help women find joy, purpose, and better quality of life.”
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This funding will allow Herself Health to expand “our physical footprint, grow our digital, in-person, and community offerings and continue to build a world-class team of providers and experts to serve this community in the manner they deserve,” she added.
A recent Herself Health survey of over 700 women revealed distinct medical issues for women 65 and older, and the need for tailormade services, the company said.