Peter Thiel, the right-wing billionaire and funder of countless anti-abortion political candidates, is making headlines again for his involvement in women’s health. He is now among the lead funders of a $200 million women’s health investment vehicle called Recharge Capital, which is focused on financing fertility care in foreign countries.
Investing in Women’s Health: A Surprising Move
For those familiar with Thiel’s conservative views on women’s rights, his investment in women’s health may come as a surprise. Thiel has previously expressed his belief that giving women the right to vote was detrimental to democracy and has strongly supported anti-abortion political candidates. However, the Recharge Capital team defends Thiel’s involvement, stating that “all investors share a belief in the importance of addressing women’s health issues.”
Thiel’s investment in women’s health is not a new venture for him. Last year, he led a $3.2 million seed funding round for a women’s health startup called 28. This startup focuses on tracking users’ menstrual cycles and providing advice on diet and exercise, while discouraging the use of hormonal birth control methods.
Recharge Capital’s Focus: Fertility Care in Foreign Countries
The $200 million investment vehicle led by Thiel will primarily focus on financing fertility care in foreign countries, particularly in regions like Southeast Asia where fertility treatment is restricted. The fund, according to Axios, aims to support companies working in areas such as “menstrual wellness,” “women’s disease prevention,” and “international fertility medical tourism.”
One of the companies that Recharge Capital has already invested in is Elix Healing, which specializes in using Chinese medicine to manage period symptoms. The company’s website also criticizes the use of synthetic birth control and features articles about women who have chosen to stop taking the pill.
The Rise of Venture Capital Investments in Women’s Health
Thiel is not alone in his investment in women’s health. A research letter published in the Journal of the American Medical Association in 2020 revealed a “substantial increase” in the number of private equity firms acquiring women’s health care clinics. The number of private equity affiliations with women’s health care clinics has risen significantly in recent years, with 17 acquisitions reported in just three years.
In addition, women’s healthcare startups have seen a significant increase in funding. According to PitchBook, these startups raised approximately $1.16 billion in 2022, compared to just $496 million in 2020. McKinsey has also recognized the potential of these startups, referring to them as “FemTech” and describing the industry as a “market of opportunities” on the brink of a breakthrough.
Expanding Perspectives: The Importance of Women’s Health
While Thiel’s investment in women’s health may seem contradictory given his conservative views, it sheds light on the increasing importance and recognition of women’s health issues. The funding and support provided by investors like Thiel and Recharge Capital can lead to significant advancements in menstrual wellness, disease prevention, and fertility care.
Women’s health should not be a partisan issue, but rather a priority for all individuals and societies. Investing in women’s health can have numerous benefits, including improving overall healthcare outcomes, advancing gender equality, and empowering women to make informed decisions about their bodies and reproductive health.
The Future of Women’s Health: A Catalyst for Change
As venture capitalists continue to invest in women’s health and FemTech startups, the industry is poised for further growth and innovation. The increased funding and attention on women’s health issues can lead to groundbreaking developments in research, technology, and healthcare practices.
The expansion of FemTech and the pursuit of women’s health advancements can also contribute to breaking down societal stigmas and barriers surrounding women’s reproductive health. By promoting education, access to healthcare, and ongoing research, we can empower women to take control of their health and well-being.
Summary
Peter Thiel, a prominent conservative billionaire, has surprised many by investing in women’s health. He is among the lead funders of a $200 million investment vehicle called Recharge Capital, which focuses on financing fertility care in foreign countries. Despite Thiel’s conservative views on women’s rights, the Recharge Capital team asserts that all investors share a belief in the importance of addressing women’s health issues. Thiel’s investment in women’s health is not his first venture in this field; he previously led a seed funding round for a women’s health startup called 28.
Recharge Capital aims to support companies working in areas such as menstrual wellness, women’s disease prevention, and international fertility medical tourism. One of the companies that have already received funding from Recharge Capital is Elix Healing, which uses Chinese medicine to manage period symptoms and criticizes the use of synthetic birth control. The rise of venture capital investments in women’s health reflects the growing recognition of women’s health issues, with private equity firms also increasingly acquiring women’s health care clinics.
The funding and support provided by investors like Thiel and the growth of FemTech startups indicate a positive future for women’s health. This investment can lead to significant advancements in menstrual wellness, disease prevention, and fertility care, ultimately improving healthcare outcomes and promoting gender equality. The future of women’s health is a catalyst for change, breaking down barriers and contributing to women’s empowerment.
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Peter Thielthe right-wing billionaire and funder of countless anti-abortion political candidates, is pouring more money into women’s health.
Recharge Capital announced Thursday that Thiel is among the lead funders of its $200 million women’s health investment vehicle focused on financing fertility care in foreign countries. According AxiosThe vehicle will focus on companies working in “menstrual wellness,” “women’s disease prevention,” and “international fertility medical tourism,” specifically in areas like Southeast Asia, a destination for women in countries where fertility treatment it is very restricted.
“This is a real opportunity to build a great business that does something great for the world,” Manu Gupta, the founder of one of the limited partners in the new Recharge fund, told the outlet.
Women’s reproductive health may seem like an odd investment to Thiel, who once wrote that giving women the right to vote was bad for democracy and strongly defended against abortion political candidates. (Insiders recently told Reuters that Thiel had grown tired of the Republicans’ anti-abortion stances). When asked about this disconnect, Recharge Capital told Axios that “all investors share a belief in the importance of addressing women’s health issues.”
This isn’t the billionaire’s first foray into the world of women’s wellness. Last year, Thiel led a $3.2 million seed funding round at a women’s health startup called 28, which tracks users’ menstrual cycles and gives them advice on diet and exercise, all at the same time. that encourages them not to use contraceptive methods. A quote on founder Brittany Martinez’s company website says that hormonal birth control “promised freedom but tricked our bodies with dysfunction and pain” and encourages readers to “start over.”
Martínez and her husband, Gabriel Hugoboom, also run a magazine called evie, a sort of right-wing anti-wake alternative to traditional women’s magazines; post regularly against abortion, anti-LGBTand of course, anti birth control content. TO recent article lamented the number of women who put off getting married and having children to advance their careers. (Martinez previously said Rolling Stone that Thiel did not invest in or participate in the magazine, although his Thiel-endorsed application is listed on crunchbase as “28 for Evie”).
One of the companies Recharge Capital has already invested in, Elix Healing, focuses on the use of Chinese medicine to manage period symptoms. Her website similarly denounces how women have been taught to “disrupt their hormones with synthetic birth control,” and features several articles about women who decided to stop taking the pill.
Thiel is not alone among venture capitalists investing in fertility and women’s health. A research letter published in the Journal of the American Medical Association in 2020 found a “substantial increase” in the number of private equity firms buying women’s health care clinics, with 17 of them obtaining a private equity affiliation in just three years. And according to PitchBook, women’s healthcare startups raised about $1.16 billion in 2022, compared to just $496 million in 2020. McKinsey recently called these startups, often referred to as “FemTech,” a “market of opportunities” that is “on the cusp of breakout.”
“In a short period of time, FemTech has already shown impressive initial achievements”, its consultants wrote. “There could be an even bigger disruption.”
https://www.thedailybeast.com/peter-thiel-funds-recharge-capital-targeting-womens-health-and-fertility
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