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Foreground Capital

Venture capitalActively deployingoperating company · company profile

Boston · Pre-Seed–Series B · 9 people tracked

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Investment thesis

Foreground Capital invests in companies addressing health conditions that affect women directly, differently, and disproportionately. It backs businesses broadly across health segments, including life sciences, digital health, and healthcare services. Its strategy is organized around four impact pillars — transformative innovation, access, affordability, and systemic change — aiming to improve healthcare outcomes for women while delivering competitive financial returns. The firm views women's healthcare as a trillion-dollar market opportunity with potential to strengthen economies and communities.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series B
HQ
Boston, California, US
Leads rounds
Leads
Instruments
Equity
Founded
2024
AUM
$40M
Tracked investments
36

Team · 9 people

from the firm's website
Erika Seth Davies· CEO, Rhia Venturesin

Member of the Investment Advisory Committee; CEO of Rhia Ventures.

Janice Bourque· Managing Director of Life Sciences, Hercules Capitalin

Member of the Investment Advisory Committee; Managing Director of Life Sciences at Hercules Capital.

What they invest in

from 25 of 36 portfolio companies

FemTech ×20Digital Health ×18Healthtech ×16Biotech ×9Medical Devices ×7Wellness & Fitness ×4AI & Machine Learning ×3Consumer ×2

HQs:United States×14Canada×1Sweden×1

Who they back

founder profiles across 19 portfolio companies
42%
solo founders
8 of 19 mapped founding teams

Founding team size:solo founder×82 founders×73 founders×34+ founders×1

Accelerator rootsportfolio companies that came through a program

Y Combinator ×3Techstars ×2

Investments · 36 tracked

founders shown can be your intro path

By year:2025 · 12024 · 12022 · 13 dated

AOA

Next-gen treatment for urinary incontinence.

AOA Dxaoadx.comin𝕏

AOA Dx develops a blood-based liquid biopsy platform using mass spectrometry and machine learning to detect ovarian cancer at early stages through tumor-associated biomarkers in serum.

AI & Machine LearningBiotechDigital HealthHealthtechMedical DevicesDenver, US

Oriana Papin-Zoghbi(Founder)inAlex Fisher(Founder/COO)inAnna Jeter(Founder)inOriana Zoghbi-Harb(Executive Officer, Director)Abigail Mcelhinny(Executive Officer)

BoardSurbhi Sarna(Director)

Co-investorsAlleyCorpGood Growth CapitalJoyance PartnersY CombinatorAstiaAurum Venture Partners+18 more

Bloom Lifebloom-life.comin𝕏

Bloom Life provides a platform that gives care teams clinical oversight of high-risk patient populations, using customizable clinical protocols and notifications to flag patients needing attention and address potential complications early.

Digital HealthHealthtech

Julien Penders(Founder)inEric Dy(Founder)in

Co-investorsAct One VenturesGATHER VENTURES

BLOOMLIFEbloomlife.comin𝕏

Bloomlife provides a remote patient monitoring platform for high-risk patient populations, offering customizable clinical protocols and smart notifications that help care teams identify patients in need and address potential complications early.

Digital HealthFemTechHealthtechSan Francisco, US

Julien Penders(Executive Officer, Director)inEric Dy(Executive Officer, Director)inYoung Sohn(Director)Max Mirgoli(Director)Lucio Lanza(Director)

BoardUriridiakoghene Onovakpuri(Director)

Co-investors15th RockGATHER VENTURESHealthtech CapitalPallasite VenturesSuncoast VenturesThe Chernin Group (TCG Crypto)

Cadence Health Liberate the Pillcadenceotc.comin

Cadence provides over-the-counter contraceptive products including morning-after pills, pregnancy tests, and UTI relief kits distributed through convenience stores.

ConsumerFemTechHealthtech

Samantha Miller 🌱(Founder)in

Co-investorsBuckhill CapitalGratitude Railroad

Cadence OTC

Providing insurance-covered specialized therapy and community support for perinatal mental health conditions.

Cayaba

Mobilizing the power of the community and technology to deliver personalized, home-based maternity care for underserved communities.

Cirqlecirqle.bioin𝕏

Cirqle is developing a hormone-free, on-demand contraceptive that uses a molecule to reinforce the natural cervical mucus barrier and block sperm.

BiotechDigital HealthFemTech

Frederik Petursson Madsen(Co-founder)

Co-investorsRhia Ventures

Clue

Making continuous hormone monitoring possible by bringing the first at-home technology, giving real time insights from the hormones in your saliva.

Cofertilitycofertility.comin𝕏Apr 2025

Cofertility is a fertility company focused on the family-building journey, offering egg freezing, egg donation matching, and related support services to individuals and families.

Digital HealthFemTechHealthtechNew York, US

Lauren Makler(Founder)inHalle Teccoin

Co-investorsCoalition OperatorsEverywhere VenturesHow Women InvestMuse CapitalNext VenturesPress On Ventures+5 more

Contralinecontraline.comin

Contraline develops new contraceptive and reproductive health technologies, with a focus on male contraception.

BiotechDigital HealthMedical DevicesCharlottesville, US

Kevin S Eisenfrats(Executive Officer, Director, Promoter)Kevin Eisenfrats(Co-Founder and CEO)John Herr(Co-Founder)

BoardIris Van Alderwerelt van Rosenburgh(Director)Gurdane Bhutani(Director)inMartin J Emerson(Director)

Co-investorsBiotechnology Value FundMBX CapitalAllied Venture PartnersAmboy Street VenturesAurum Venture PartnersBeni Venture Capital+14 more

Elieli.healthin𝕏

Eli develops and manufactures at-home hormone level tests that collect longitudinal data on daily hormonal patterns.

AI & Machine LearningConsumerDeep TechDigital HealthFemTechWellness & FitnessMontréal, CA

Thomas Cortina(Founder)in

Co-investors2048 VenturesBDC Thrive Venture Fund for WomenCake VenturesGarage CapitalMuse CapitalPanache Ventures+3 more

Evvyevvy.com𝕏

Evvy is an AI-powered precision medicine platform using vaginal microbiome testing and analysis to diagnose and treat women's health conditions including vaginal health, fertility, and menopause.

AI & Machine LearningDigital HealthFemTechHealthtech

Priyanka Jain(Founder)inLaine Bruzek(Founder)in

Co-investorsAmboy Street VenturesIngeborg InvestmentsLeft Lane CapitalVirtue VenturesBBG VenturesG9 Ventures+3 more

Gesynta

Developing a non-hormonal treatment for endometriosis to reduce pain and lesion burden.

Co-investorsAmboy Street Ventures

Gesynta Pharmagesynta.sein

Gesynta Pharma develops pharmaceutical treatments for inflammation and pain by selectively inhibiting the enzyme mPGES-1.

BiotechDigital HealthFemTechStockholm, SE

Patric Stenberg(Founder)Gunilla Ekström(Founder)in

Co-investorsAmboy Street VenturesCatalyze CapitalHadean VenturesHealthCapIndustrifondenXGEN Venture

Hormone-Free IVFvitra.bioin

Vitra develops reproductive therapies that mature eggs outside the body in a controlled environment, aiming to reduce or eliminate the hormone injections required in conventional IVF.

BiotechFemTechHealthtech

Ivana Muncie-Vasic(Founder)in

Co-investorsBreakout VenturesNorth South VenturesSpacecadet VenturesBoom Capital VenturesRefactor Capital

Maemeetmae.comin

Mae provides community-based doula support and maternal health education for pregnant people, integrating with insurance and Medicaid to match mothers with doulas and care coordinators.

Digital HealthFemTechHealthtechNew York City, US

Maya Hardigan(Founder)

Co-investorsAstiaBright VenturesJoyance PartnersJumpstart NovaSocial StartsSteelSky Ventures+2 more

Michigan Medicinemichiganmedicine.org
Milliemillieclinic.comin𝕏

Millie is a maternity and women's health clinic offering midwifery-led care backed by OB-GYNs and specialists, covering pregnancy, birth, postpartum, gynecology, and hormonal/menopause care.

Digital HealthFemTechHealthtech

Co-investorsAmboy Street VenturesCoyote VenturesIngeborg InvestmentsJoyance PartnersTMVvenn growth partners+2 more

Nadia Carenadiacare.comin

Nadia Care offers maternity support programs that pair members with maternity coaches and a care team for prenatal, labor, feeding, postpartum, nutritional, and mental health support.

Digital HealthFemTechWellness & Fitness

Co-investorsFlare Capital Partners

Neuspera Medical, Inc.neuspera.comin𝕏

Neuspera Medical develops an integrated sacral neuromodulation (iSNM) system that implants a smart neurostimulator near the sacral nerve to treat urinary urge incontinence, a symptom of overactive bladder.

BiotechHealthtechMedical DevicesSan Jose, US

Alexander Yeh(Founder)inMilton M. Morris(Executive Officer, Director)Dave Van Meter(Chief Executive Officer)Steve Paul(Chief Commercial Officer)

Co-investorsCerity Partners VenturesPortfoliaTreo Ventures, LlcWindham Capital PartnersAction Potential Venture Capital Ltd.Vertex Ventures HC

Novocuffnovocuff.cominJun 2024

Novocuff is a medical device company developing the Novocuff Cervical Control System, an investigational device aimed at improving outcomes for pregnancies affected by preterm prelabor rupture of membranes (PPROM) or cervical shortening.

FemTechHealthtechMedical DevicesMountain View, US

Donald Lee(Executive Officer)Amelia Degenkolb(Executive Officer, Director)

BoardLilly DeSouza Burr(Director)Curt LaBelle(Director)Rebecca Shmukler(Director)inShacey Petrovic(Director)

Co-investorsLaerdal Million Lives FundTullis

NURXnurx.comin𝕏Acquired

Nurx provides accessible and affordable medications and tests through a digital health platform designed for everyone.

Digital HealthDirect to ConsumerFemTechHealthtechWellness & FitnessNew York City, US

Edvard Engesaeth(Founder)

Co-investorsComcast VenturesDreamers VCFifty YearsGarage CapitalKleiner PerkinsY Combinator+2 more

Oconmedoconmed.comin

OCON Therapeutics develops intrauterine drug-delivery products based on its IUB platform, including a hormone-free IUD contraceptive, an endometrial ablation device for abnormal and heavy menstrual bleeding, and a therapeutic-delivery device targeting conditions such as endometriosis and myomas.

BiotechFemTechMedical Devices

Co-investorsAstiaPontifax Venture Capital

Ovia Healthoviahealth.comin𝕏acquired by Labcorp

Ovia Health provides digital health tools and clinical programs for reproductive and family health, including fertility, pregnancy, and parenthood support.

Digital HealthFemTechHealthtechWellness & FitnessBoston, US

Alex Baron(Founder)in

Co-investorsBoutique Venture PartnersLightbankLionBirdMartin VenturesTechstars

Planeraplanera.care
Raydiant Oxymetryraydiantoximetry.comin

Raydiant Oximetry is a clinical-stage medical device company developing Lumerah, a noninvasive fetal pulse oximeter that directly measures fetal oxygen levels using biophotonics and machine learning.

Digital HealthFemTechMedical DevicesSan Ramon, US

Michael Nagel(Chief Executive Officer)John Maroney(Director)Charles McDonald(Director)Neil P. Ray(Executive Officer, Director)

Co-investorsBand of AngelsFemHealth VenturesSteelSky VenturesTri-Valley VenturesAvestria VenturesBill & Melinda Gates Foundation+3 more

seven starlingsevenstarling.comin𝕏

Seven Starling provides virtual mental healthcare and psychiatric support for women experiencing anxiety, depression, or trauma related to fertility, pregnancy, pregnancy loss, postpartum, early parenthood, and menopause.

Digital HealthFemTechMental Health

Tina Keshani(Founder)inSophia Richter(Founder)in

Co-investorsBand of AngelsDorm RoomDria VenturesExpaGraham Walker VentureMagnify Ventures+5 more

Testmate Healthtestmatehealth.com

Co-investorsAmboy Street VenturesHelm

Thirty Madisonthirtymadison.com

Astoria, US

Demetrius Michael Karagas(Executive Officer, Director)Steven Craig Gutentag(Executive Officer, Director)Steven Gutentag(Founder)in

BoardRebecca Kaden(Director)in

Co-investorsComcast VenturesConnetic VenturesCVS Health VenturesEvolution VC PartnersGreycroftHealthQuest Capital+11 more

Twentyeight Healthtwentyeighthealth.comin

Twentyeight Health is a telehealth service that lets users complete an online medical questionnaire reviewed by a licensed provider, who writes prescriptions for sexual and reproductive health needs and mails medication directly to patients.

Digital HealthDirect to ConsumerFemTechBrooklyn, US

BRUNO VAN TUYKOM(Executive Officer, Director)Amy Fan(Co-founder)Bruno Van Tuykom(Co-founder)

BoardWES BARTON(Director)ARIANNE KIDDER(Director)in

Co-investorsAglae VenturesData TechDorm RoomFairhaven Capital PartnersImpact America FundPredictive VC+7 more

Vitra LabsDec 2022

Redesigning maternity care with holistic, tech-enabled, midwife-led pregnancy care.

San Francisco, US

Ivana Muncie-Vasic(Executive Officer, Director)Bonnie Maven(Director)

BoardJulia Moore(Director)

Women of Wearableswomenofwearables.comin𝕏

Women of Wearables (WoW) is a global organization and ecosystem for companies, female innovators, entrepreneurs, and allies working in health technology and femtech, providing community, connections, and knowledge.

Digital HealthFemTechHealthtech

YourChoiceyourchoicetx.com

YourChoice Therapeutics is developing YCT-529, a non-hormonal oral contraceptive for men currently in Phase 2 clinical trials.

BiotechFemTechHealthtech

Akash Bakshi, MSc(Co-founder & CEO)Nadja Mannowetz, PhD(Co-founder & CSO)

Co-investorsBlue Bear VenturesCivilization Ventures Management, LlcFuture VenturesNorth South VenturesPortfoliaOlive Tree Capital+1 more

YourChoice Therapeuticsychoicetx.comin

YourChoice Therapeutics develops YCT-529, a non-hormonal oral contraceptive for men currently in Phase 2 clinical trials that works by blocking a receptor essential for sperm production.

BiotechHealthtechMedical DevicesSan Francisco, US

Akash Bakshi(Founder)inNadja Mannowetz(Founder)in

Co-investorsBlue Bear VenturesOlive Tree CapitalPortfoliaY Combinator

Exits · 1

IPOs and acquisitions across the tracked portfolio

Ovia Healthacq. by Labcorp

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Foreground Capital made?
Foreground Capital has 37 tracked investments, 2 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
What stage does Foreground Capital invest at?
Foreground Capital invests at the Pre-Seed, Seed, Series A, Series B stages.
What sectors does Foreground Capital focus on?
Foreground Capital focuses on Biotech, Consumer, Digital Health, FemTech, Healthtech, Impact & Social Good, Medical Devices, Mental Health, Wellness & Fitness.
Where is Foreground Capital located?
Foreground Capital is headquartered in Boston, US.
Does Foreground Capital lead rounds?
Yes, Foreground Capital leads investment rounds.
Who does Foreground Capital co-invest with?
Foreground Capital most often shares deals with Amboy Street Ventures, Astia, Joyance Partners, among 134 tracked co-investors.

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