Fem-Tech Start-Up Yoppie Raises £3.4m from high profile investors as they meet consumer demand for subscription models.
As the world has moved overwhelmingly towards online shopping in the last year, the latest in the subscription box trend is feminine care products. Yoppie has given period care products a digital makeover, not only allowing the products to be delivered through your subscription basis, but carrying out ongoing personalisation. Their recent funding will help them with this goal.
Daniella Peri launched Yoppie in 2016, a DTC subscription-based, organic period care and PMS solutions provider that is using smart tech to enable women to not only customise and manage their menstrual care, but also to better educate themselves while they do it. From product delivery to content personalisation and information on every area of intimate healthcare, Yoppie is helping women to sync menstruation with the modern world using a tech-driven approach that makes it easier than your weekly grocery shop.
Yoppie’s relevance to the modern-day woman is clear, with the company seeing a 21,500% increase in users in the last year alone, a 1,200% annual uplift in customers and 1,500% monthly recurring revenue growth.
From 100% organic cotton tampons, Yoppie expanded to offer pads and liners, a product personalisation tool and more recently they launched their highly-anticipated and innovative range of symptom-targeted PMS supplements to help support the entire menstrual experience and fight back against the “generic women’s multivitamin.” The supplements being just the first of many more product offerings that will go beyond “the period”.
There’s also a significant technology platform element involved that assists customers by recommending them their own unique menstrual care formula, alongside an easy to use management dashboard. The dashboard allows each user to personalise their content to account for the idiosyncrasies of women’s menstrual cycles and interests – a first for the global period care market.
In late 2018, whilst heavily pregnant with her son Maxim, Daniella successfully pitched her vision for Yoppie’s expansion to one of Sweden’s most noteworthy investors, resulting in the company’s first £1.2M in seed funding.
With a scaling community and customer base, new innovative digital services and product offerings, Yoppie’s plans to further establish itself as a FemTech pioneer have now attracted the attention of more highly noted investors, including hyper-growth VCs, Vostock New Ventures and Colle Capital, raising Yoppie’s seed-funding total to £3.4M.
The funding that has been raised will be dedicated to international expansion, technology development, growth marketing and people investment.
Yoppie Founder Daniella Peri commented:
“Our concept is not just about the timely delivery of tampons and pads but rather a tech-enabled personalisation journey that looks after the entire experience of monthly menstrual care. We like to envision Yoppie soon being able to provide a level of ongoing personalisation similar to the likes of Netflix and Spotify, then enhanced with the product convenience of Amazon.”
“Period care is a $37bn global market* but up until now, it has failed to portray real women in the real world. So it’s time to get real. It’s 2021! Women are out there changing history every day. Today’s modern woman deserves to have menstrual care that’s designed with their real lives and needs in mind. So if no one else is going to do it, Yoppie will.”