Recharge Capital announced that Peter Thiel, the right-wing billionaire and funder of countless anti-abortion political candidates, is helping fund its $200 million women’s health investment vehicle focused on funding fertility care in foreign countries.
One of the companies that Recharge Capital has already invested in, Elix Healing, focuses on using Chinese medicine to manage period symptoms. Its website similarly decries how women have been taught to “alter our hormones with synthetic birth control,” and features several articles about women who decided to stop taking the pill.
Thiel is not alone among venture capitalists in investing in fertility and women’s health. A research letter published in the Journal of the American Medical association in 2020 found a “” in the number of private equity companies buying up women’s health-care clinics, with 17 of them gaining a private equity affiliation in just three years. And according to PitchBook, women’s healthcare startups raised around $1.16 billion in 2022, compared to just $496 million in 2020.
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