Employing a gender-smart investing strategy, THENA promotes gender equality within the healthcare market.

THENA Capital, the UK’s first specialized early-stage medtech venture fund led by an all-female team, has successfully raised £27 million as the first close of its £50 million fund.

The launch of THENA Capital is particularly significant as it addresses the underrepresentation of women in venture capital and the historical lack of funding for women's health initiatives.

THENA Capital focuses on key areas such as chronic conditions, oncology, cardiovascular health, mental health, and care service delivery, with a specific allocation for women's health.

Baron David Prior of Brampton highlighted the importance of funding in early-stage medtech to maintain the UK's competitive advantage in the sector and praised THENA's capability to scale innovations for better patient outcomes.

The fund is committed to investing in British startups creating digital healthcare solutions and medical devices, already backing notable femtech companies like Daye and Samphire Neuroscience.

THENA Capital plans to work closely with startup founders to commercialize innovations and scale products into major markets like the US, enhancing the patient experience in care delivery and medical products.

Christine Hockley from the British Business Bank emphasizes the importance of supporting female entrepreneurship and innovation in digital healthcare solutions and medical devices.

Founded in 2021 by healthcare veterans Tatum Getty, Pamela Walker Geddes, and Esther Reynal de St Michel Richardot, THENA Capital aims to accelerate the development of impactful healthcare companies in the UK.

The fund has garnered support from various investors, including the British Business Bank, Firebird Collective, and Baroness Martha Lane Fox, among others from private equity and pharmaceutical sectors.

The British Business Bank has committed up to £30 million as a cornerstone investment through its Enterprise Capital Funds programme, underscoring its strategy to support innovative startups.

THENA's co-founders express enthusiasm about their partnership with the British Business Bank, believing it will enhance their ability to drive significant changes in the MedTech sector.