Cash News
- Maven’s chief financial officer left the women’s-health unicorn one year after taking on the role.
- A source says the startup plans to bring in a new CFO with public-market experience.
- Maven just announced a $125 million Series F round at a $1.7 billion valuation.
Maven Clinic is swapping out its chief financial officer on the heels of a fresh funding round as it inches closer to an IPO.
The women’s-health startup is bringing in a new finance head with experience leading a public company, according to a source with direct knowledge of the change.
Maven’s former CFO, Kristina Campbell, left the startup in October, according to her LinkedIn profile. She joined Maven a year ago, in October 2023.
This month Maven notched a $1.7 billion valuation with $125 million in new funding from the private-equity firm StepStone Group. Business Insider first reported on the Series F round in September.
The identity of Maven’s incoming CFO is unclear. Maven declined to comment for this story. Campbell didn’t respond to requests for comment.
Maven launched 10 years ago to provide virtual care to women and families through employers and health plans. It’s since raised over $425 million from investors such as Sequoia Capital, General Catalyst, Lux Capital, and Oak HC/FT.
As the highest-valued women’s-health startup, Maven is expected to be a candidate for the next wave of digital-health IPOs. An exit would be a boon for the women’s-health market, which remains a small fraction of all healthcare funding.
Some of Maven’s peers haven’t fared as well in a tighter venture market. The fertility startup Kindbody is reportedly looking to raise more funding at a $600 million valuation, a massive markdown from the $1.8 billion valuation it landed in March 2023.
Before Maven, Campbell spent more than two years as the CFO of the cryptocurrency exchange Ripple. She left the company amid its legal battle with the Securities and Exchange Commission, which accused Ripple of selling its XRP token as an unregistered security.
Campbell’s LinkedIn profile indicates she has joined the entertainment payroll startup Wrapbook as its CFO. Wrapbook raised a $20 million funding round in September at a $750 million valuation.