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General Atlantic Makes Minority Investment in Flo Health
- Client News
- July 30, 2024
Paul, Weiss is advising General Atlantic in its more than $200 million Series C investment in Flo Health, the number-one most downloaded women’s health app worldwide, bringing Flo’s valuation above $1 billion. General Atlantic’s minority investment in Flo makes Flo the first purely digital consumer women’s health app to achieve unicorn status.
General Atlantic’s investment will help position Flo for its next phase of growth, with a focus on expanding into new user segments, enhancing its tech-driven health insights and pursuing strategic expansion opportunities. Flo intends to leverage General Atlantic’s significant expertise in scaling companies at the intersection of consumer technology, healthcare and subscription business models.
The Paul, Weiss team is led by corporate partner Neil Goldman and counsel Andrea Quek, and includes partners Christopher Cummings and Suhan Shim, and counsel Nathan Mitchell; intellectual property partners Bonnie Chen, John Patten and Jonathan Ashtor; antitrust partners Annie Herdman and Marta Kelly, and counsel Yuni Sobel and Todd Hahn; tax partners Timothy Lowe and Lindsay Parks, and counsel Patrick Karsnitz; and executive compensation partners Jarrett Hoffman and Jean McLoughlin, and counsel Bruce Goldberger.