🏆 Deal of the Week · CW 22/2024
Natural Cycles raised USD 55 million in a Series C round in May 2024; the post-money valuation was not disclosed. The round was backed by a syndicate of seven investors including Samsung Ventures and Point72 Ventures.
Natural Cycles — key deal facts
| Company | Natural Cycles |
| Founded | 2013 |
| Headquarters | Stockholm, Sweden |
| Amount raised | USD 55M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series C |
| Investors | Samsung Ventures, Point72 Ventures, Lauxera Capital Partners, Heartcore Capital, Headline, EQT Ventures, Bonnier Ventures |
| Sectors | Healthcare |
Who invested in Natural Cycles?
The round brought together Samsung Ventures, Point72 Ventures, Lauxera Capital Partners, Heartcore Capital, Headline, EQT Ventures, and Bonnier Ventures. The investor mix is notable for combining a strategic corporate backer in Samsung Ventures with specialist healthcare and deep-tech venture funds alongside established European growth investors. This breadth of capital sources reflects cross-sector conviction in regulated digital health.
What does Natural Cycles do?
Natural Cycles is a Stockholm-based women's digital health company founded in 2013 by particle physicists Dr. Elina Berglund Scherwitzl and Dr. Raoul Scherwitzl. The company developed the NC° app, the world's first FDA-cleared birth control application, which uses body temperature data and AI algorithms to determine a user's daily fertility status for contraception or pregnancy planning. The app is cleared for use in the US, EU, Canada, Australia, Singapore, and South Korea, and integrates with devices including Oura Ring and Apple Watch. As of the latest available data, the platform has more than 1.8 million registered users across 162 countries.
Natural Cycles valuation & multiples
Explore the benchmarks: Series C.
Frequently asked questions
How much did Natural Cycles raise in its Series C?
Natural Cycles raised USD 55 million in its Series C round in May 2024.
What is Natural Cycles's valuation?
The post-money valuation for Natural Cycles's Series C was not disclosed.
Who invested in Natural Cycles?
The Series C investors were Samsung Ventures, Point72 Ventures, Lauxera Capital Partners, Heartcore Capital, Headline, EQT Ventures, and Bonnier Ventures.
When was Natural Cycles founded and where is it based?
Natural Cycles was founded in 2013 and is headquartered in Stockholm, Sweden.
Source: original announcement — read the full report.