British femtech startup Flo Well being, a girls’s well being app, has introduced a big enlargement of its operations in Lithuania by including 130 new positions.
Following a €180 million Collection C funding in July 2024, Flo has dedicated to scaling its presence by creating 130 new roles in its Vilnius location, strengthening its Lithuanian workplace as a important hub for world operations. Leading to a mixed workforce of over 350 staff throughout its Lithuanian and UK places of work.
Based in 2015, Flo Well being has grown into a pacesetter in girls’s well being expertise, boasting 70 million month-to-month energetic customers and 380 million downloads worldwide. Already serving one in six girls in the US, the app presents complete cycle and ovulation monitoring options, all developed in collaboration with over 120 well being specialists. As well as, it has grow to be the primary feminine well being app to realize twin certification in each Privateness and Safety ISO requirements.
Flo’s Vilnius workplace, established in 2020, has grow to be a central pillar of the corporate’s operations, housing senior management and taking part in host to key company-wide planning initiatives. Commenting on Lithuania’s attraction, Roman Bugaev, Chief Know-how Officer at Flo Well being, famous: “Whereas Lithuania leads the EU with 64% of ladies in science and expertise, we’re proud to faucet into this wealthy and various expertise pool, welcoming all certified candidates, together with male engineers. This wealth of expertise, significantly in product improvement and software program engineering, not solely enhances our capabilities but in addition fosters innovation inside our groups.”
“With over 900 startups and important authorities backing, Lithuania’s startup ecosystem gives an surroundings ripe for collaboration and progress. We’re assured that we are able to leverage this expertise to drive our tasks ahead,” provides Roman Bugaev.
The enlargement plans are anticipated to bolster Flo’s capabilities in engineering, product improvement, and advertising and marketing features, cementing Lithuania’s position as a cornerstone of the corporate’s technique. Elijus Čivilis, Common Supervisor at Make investments Lithuania, celebrated the choice, stating: “In Lithuania, Flo Well being discovered the proper circumstances to develop a product with a world influence. The corporate’s progress in Lithuania demonstrates our nation’s potential to be a world tech innovation hub, the place innovators like Flo Well being can remodel concepts into world-leading options.”
The latest funding spherical, which propelled Flo Well being to unicorn standing with a valuation of round €946 million, will help its subsequent section of progress. This consists of advancing personalised, tech-driven healthcare options and enhancing its world attain.
Along with its operational developments, Flo Well being’s Chief Monetary Officer, Tamara Orlova, is ready to talk on the EU-Startups Summit 2025. The occasion, a spotlight within the European startup calendar, will present a possibility to listen to straight from one of many key figures driving Flo’s success. The summit will happen in April 2025 and is predicted to draw distinguished figures from the tech and startup ecosystem throughout Europe.
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