Women’s health networks like MHP are looking to raise $50-million in a new round of funding to help expand their services and expand their network of care.
The women’s health and reproductive health network announced Tuesday that it had raised a $50m Series B round led by New York-based Kleiner Perkins Caufield & Byers, led by David Karp, co-founder of Twitter and founder of social media company LinkedIn.
“We are pleased to have Kleiner partners and advisors on board to help us make our network more sustainable and effective,” said Emily E. Klein, president of MHP.
“This new round will allow us to continue to invest in new growth opportunities and grow our network of support for our community, including by investing in programs to help men, particularly those who are at high risk for STDs, access the care they need.”
The MHP network has seen growth in the last year, said co-founders, Emily Klein and Jonathan Weisman, in an email.
“We have seen a tremendous surge in the number of men who seek care, and the demand for care, for whom MHP has become an essential part of their health care system.”
Klein said in a statement that the network has increased its outreach efforts in the United States and Canada, and in Canada, where the network is currently based.
“The vast majority of men in our network, at both genders, are at increased risk for infection,” said Klein.
“They are disproportionately at risk for getting STDs in their early 20s, and their numbers continue to rise.”
Karp is the founder and CEO of Kleiner.
In addition to Twitter, his company has invested in Facebook, Spotify and Airbnb.
In January, he was appointed to the board of the Center for Medical Progress, a pro-Trump political action committee that has released hundreds of thousands of internal emails from Planned Parenthood.
Karp’s appointment was welcomed by Planned Parenthood President Cecile Richards, who said in an interview with ABC News that he is a “great choice” for MHP’s board of directors.
“He’s been one of the most effective advocates for men’s health in America,” Richards said.
“He’s an incredibly smart, charismatic guy.
He has a very strong track record of leading great organizations that serve the health and wellbeing of men and boys.”
The network will also look to hire additional staff and expand its services, Klein said.
The network was founded in 2013, and is a network of over 30 providers and clinics across the United State.
MHP currently has more than 10,000 members.
In addition to the new funding, the network will seek to expand its reach into more communities and expand into new territories, including expanding into Mexico.MHP also announced that it has formed an incubator for companies and entrepreneurs focused on promoting men’s reproductive and health care.
In an email to the network, Kleiner Partners said the incubator will help accelerate the development of the network’s future growth and growth potential.
“In addition, the MHP incubator is a platform for incubating and investing in innovative health care startups,” Kleiner said.
In an interview, Karp said he was thrilled to have been asked to join the MHS board.
“This is a huge step forward for us and we’re excited to be part of it,” he said.