Femtech Barometer 2025: innovation driving women’s health forward
Published June 12, 2025
- Data & AI
- Life Sciences
For the third consecutive year, Wavestone and Femtech France have partnered to publish a comprehensive barometer on the state of the women’s health market in France. Based on a survey of 74 French Femtech startups, this year’s edition takes a closer look at two key topics: funding and international growth strategies.
What is Femtech?
“Femtech” — short for “female technology” — refers to innovations aimed at improving women’s health. These include connected devices, mobile apps, health software, and educational platforms. Designed to address specific medical needs, Femtech solutions cover a wide range of conditions and use cases.
Europe ranks just behind the United States in the development of this industry, with the majority of European Femtech startups based in the UK, France, and Germany.
The Femtech landscape in France
As of 2024, France is home to 170 active Femtech startups — a 21% increase year-over-year. This growth reflects a rising awareness of women’s health issues among both the general public and policymakers.
France’s political commitment to tackling issues such as endometriosis and mental health has helped create strong market opportunities for startups. At the European level, initiatives like “Choose Europe for Science” are further boosting the continent’s appeal as a hub for research and innovation.
The funding challenge
Despite growing interest, Femtech startups still face hurdles when it comes to raising capital. Many investors continue to view the sector as a niche market. However, high-profile unicorns like Flo Health (UK) and Maven (US) are helping to raise the industry’s profile and credibility with venture capitalists.
While the US, UK, and Israel remain dominant markets, France is emerging as an attractive destination thanks to a diverse investor base — even in the face of a global slowdown in fundraising in 2024.
In response to the lack of Femtech-specific investment funds, Femtech France launched the Femtech Financing Alliance, with a bold objective: mobilize €200 million by 2026 through a mix of equity and non-dilutive funding, and provide a go-to investment guide for both institutional and private backers.
I’ve been investing in French Femtech startups for several years now. There’s a well-structured ecosystem in place to support them — Femtech France is a standout example — and overall, the quality of the projects I’ve encountered has been remarkably high.
