Clue, the Berlin-based startup behind an increasingly popular period and fertility tracking application, this morning announced that it has raised $7 million in Series A funding from well-known American VC firm Union Square Ventures (whose partner Fred Wilson is very bullish on the European startup market) and Mosaic Ventures. Clue CEO and co-founder Ida Tin - who we've interviewed in the past - published a blog post about the raise as well.
The app, which is available in 10 languages, basically calculates and predicts users’ periods, fertile windows and PMS, and informs them when they are the most or least likely to get pregnant. Clue has attracted more than two million active users in over 180 countries.
The Series A investment brings Clue’s total funding to $10 million and also includes existing investors such as Brigitte Mohn (Bertelsmann), Atlantic Internet, Groupe Arnault and Joanne Wilson.
The company says it will use the cash to "launch new product features, hire new key people, substantially accelerate growth and develop in new markets". Clue also plans to pursue partnerships with universities with the goal of advancing scientific research in the field of reproductive health.
Very happy to announce that we’ve raised $7 million in Series A funding from @usv & @mosaic_vc http://t.co/nnOJWhkMjK— @clue Fri Oct 09 07:05:08 +0000 2015