Issue 109  /  May 29, 2026  /  7 min read

The VC Alternative Built Exclusively for Female Founders

Founded by a PayPal veteran and Navy officer. Built for the founders VC keeps overlooking.

Women-led startups deliver 2.5x better returns than male-founded companies — and still receive less than 2% of US venture capital. AQi, launched in 2024, is the only Regulation Crowdfunding platform built exclusively for women-owned businesses. Founders keep 90–95% equity. The traditional VC route is no longer the only option.

— The Luteal
In Today's Brief
Deals & Funding
VIA FutureFemHealth

ŌURA files for IPO | Gaia to scale | Maven expands | MPs debate censorship

ŌURA has sold more than 5.5m rings to date, filed confidentially for a US IPO, and projects 5m paid members this quarter. Gaia Fertility raised a $100m debt facility to scale operations across the US, adding to $37 million in equity funding for its model that underwrites IVF risk. Nourish secured $100m in Series C funding to expand its AI-powered metabolic health clinic, now supporting over 10,000 registered dietitians with payer coverage reaching over 200 million lives. Cyclana Bio received Health Research Authority approval for a 500-patient clinical observational study to improve understanding of endometriosis, a condition affecting 1 in 10 women. These developments indicate significant investment and innovation across reproductive health, metabolic health, and chronic disease management, impacting femtech operators as customer access expands and new care models validate.

Read the full story →
— The Luteal Editorial Team
Industry News
VIA FutureFemHealth

The messy middle of equity and inclusion in femtech

Teal Health launched a pilot with Washington University School of Medicine to expand access to at-home cervical cancer screening across Illinois and Missouri. The initiative tests how community-based outreach and local partnerships can make women's health infrastructure more accessible. Findings could help health systems and public health organizations scale cervical cancer screening and preventive women's healthcare.

Read the full story →
— The Luteal Editorial Team
Analysis
VIA Crunchbase News

They Saw Women Shut Out Of VC, So A PayPal Veteran And Former Navy Officer Built An Alternative

Women-led startups consistently receive less than 2% of U.S. venture capital, despite delivering 2.5 times better returns than male-founded startups. Aequitas Invest (AQi), launched in 2024, helps women-led businesses raise capital through Regulation Crowdfunding. AQi, an SEC-registered and FINRA-member platform, is the only Reg CF platform founded by women, owned by women, and exclusively serving women-owned businesses. AQi takes a 6.5% success fee and currently has a pipeline of 20 businesses; founders typically give up only 5%-10% equity.

Read the full story →
— The Luteal Editorial Team
VIA FemTech World

Women still being failed when they reach menopause, experts say

14 million workdays are lost each year in Britain due to menopause, and 80% of UK employers have yet to implement proper support measures. Anthropologists and psychologists interviewed 60 women aged 45 to 61 between March and June 2021, revealing that 78% reported weight gain and 58% experienced mood disturbances. This information vacuum has led to a £14.7bn global 'meno-tech' industry, though reliable information and medical support for patients remain limited, impacting femtech operators and clinicians focusing on menopause.

Read the full story →
— The Luteal Editorial Team
Quick Hits