Funding
amma raises $2 million in a Pre-Series A round
amma closed a $2 million Pre-Series A round at a $28 million post-money valuation to build local teams in Latin America and Southeast Asia.
On 30 September, amma closed a $2 million Pre-Series A round at a $28 million post-money valuation. The funding will support local teams in the Latin American and Southeast Asian markets.
amma's mission is to provide informational and emotional support for women in all matters of motherhood and family. At the time of the round, its monthly active audience exceeded 1.5 million users, with 10 million new users a year.
The round backs amma's plan to grow from a pregnancy app into a product ecosystem. A pregnancy app usually stays relevant to a user for around seven months; by connecting cycle tracking, pregnancy and baby care, amma can stay useful for up to five years and expand its total addressable market to 1.1 billion people globally.
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