Clue raises $20 million for its period tracking app

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The menstrual app space is crowded, but one company is setting itself apart with new funding. 

Clue, the period and ovulation tracker, raised $20 million in a Series B round announced on Wednesday. 

The round was led by Nokia Growth Partners with participation from Union Square Ventures, Mosaic Ventures and other investors. Union Square Ventures and Mosaic Ventures led Clue’s $7 million Series A round in 2015. 

The influx of money brings the Berlin-based company’s total funding up to $30 million since its launch in 2013. 

“I feel as strongly as ever that Clue’s mission is to keep female health and its advancement at the top of the global agenda and I am thrilled to partner with a prestigious circle of investors who share our vision,” Clue CEO Ida Tin said in a statement. “Healthcare is already going digital, just look at the 60 percent of smartphone users in the U.S. using their devices to manage health. Female health is also driving this. And when you consider that more than half of the world’s population is female, you realize how enormous the market potential and opportunity for Femtech companies is to truly make an impact.”  Read more…

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