Toronto-based startup Fibra has closed its oversubscribed pre-seed funding round, raising $1.25 million USD ($1.7 million CAD). This significant achievement marks a major step forward for the company as it continues to innovate in the field of women’s reproductive health. The funding will be used to accelerate the development of Fibra’s smart underwear technology designed to ease reproductive health monitoring for women. The round saw participation from Canadian and U.S.-based venture capital firms, reflecting growing investor confidence in innovations focused on women’s health.
“We are excited to announce the successful close of our oversubscribed pre-seed fundraising round. This milestone reflects the strong confidence and support from our investors, including prominent Canadian and U.S.-based VCs. This funding will accelerate our mission to revolutionize women’s reproductive health monitoring and drive the next phase of our innovation,” said Fibra’s founder, Parnian Majd.
Fibra is at the forefront of developing a non-invasive wearable device that tracks fertility data in a convenient and user-friendly manner. The smart underwear, combined with the connected Fibra app, provides users with easy access to comprehensive reproductive health and fertility insights. This innovative approach aims to improve users chances of conceiving by offering a more accessible and accurate alternative to traditional fertility tracking methods. The Fibra app will not only allow users to monitor their fertility in real-time but also provide personalized insights to help them make informed decisions about their reproductive health.
With this fresh injection of capital, Fibra now plans to further its product development and bring its wearable device and app to market.
