Eli Health

Eli Health

Hormone monitoring device for women's health

About

Eli Health specializes in women's health by providing a device that allows women to measure their hormone levels at home using a saliva sample. This non-invasive method serves as an alternative to traditional contraceptive methods and is particularly beneficial for women trying to conceive or navigating menopause. The company operates on a subscription model, offering users the device and necessary consumables, while also providing an app that gives personalized insights based on hormone data. Eli Health aims to empower women with reliable tools for managing their reproductive health.

Company Stage

Seed

Employees

11-50

Industries

Biotechnology, Healthcare

Total Funding

$5.7M

Headquarters

N/A

Founded

2019


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Simplify's Take

What believers are saying

  • Eli Health's recent $5M funding round will accelerate product development and regulatory approvals, enhancing its market position.
  • The company's innovative technology addresses a significant unmet need, potentially capturing a large share of the growing women's health and fertility market.
  • Partnerships with investors like Muse Capital and TELUS Pollinator Fund for Good provide strong financial backing and strategic support.

What critics are saying

  • Navigating regulatory approvals can be time-consuming and costly, potentially delaying market entry.
  • The competitive landscape in women's health and fertility is intense, requiring Eli Health to continuously innovate to maintain its edge.

What makes Eli Health unique

  • Eli Health's patent-pending, saliva-based hormone monitoring device offers a non-invasive alternative to traditional methods, setting it apart in the women's health sector.
  • The company's focus on personalized insights through advanced learning algorithms provides users with precise reproductive health information, a feature not commonly found in competitors' offerings.
  • Eli Health's subscription-based model ensures a steady revenue stream, allowing for continuous innovation and customer support.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

-16%

2 year growth

66%

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