BERLIN, Jan. 15, 2026 — Clue, the #1 women-led period and cycle tracker health and wellness app, with more than 100 million downloads worldwide, today announced a substantial strategic investment from Verdane, the European specialist growth equity firm focused on technology-enabled businesses.
The investment—which constitutes a major allocation from Verdane’s €2 billion growth fund—marks the largest single investment in Clue to date and represents a notable milestone for the business.
This funding, which will make Verdane the largest investor in the women’s health and wellness app, comes after an outstanding 2025 that reinforced Clue’s growth fundamentals and established a clear trajectory toward long-term, sustainable profitability.
Through its partnership with Verdane, Clue will accelerate its next growth phase, which includes:
- Enhancing product innovation, user experience, and feature development
- Broadening global reach by scaling both new and existing markets
- Investing in healthcare partnerships to broaden access to more personalized care
- Investing in clinical and world-class research to drive product excellence and continue closing the women’s health gap
- Strengthening market-leading privacy-first and security measures
- Investing in technology that helps deliver more personalized care
A Shared Vision for a Critically Underserved Category
Clue and Verdane share a conviction that women’s health continues to be one of the most underserved yet most impactful categories in global health and wellness. Both organizations recognize the opportunity to build category-defining companies that integrate scientific rigor, ethical data practices, and long-term thinking to deliver meaningful outcomes for users and society.
Clue has long distinguished itself through its dedication to medical research and science-based insights, industry-leading data privacy standards, and an inclusive approach to women’s health that extends beyond fertility tracking alone. Verdane brings extensive experience in partnering with mission-driven, digital-first companies, assisting them in scaling responsibly while remaining true to their values and ethical positioning.
Rhiannon White, CEO at Clue, said: “Women represent the world’s largest health and wellness consumer group, controlling the majority of household spending across all markets, yet they remain dramatically underserved given their economic influence. This disparity creates three systemic challenges: a severe shortage of accessible women’s health knowledge that compels women to self-diagnose, a confusing marketplace saturated with unproven products and scarce evidence-based guidance, and ongoing obstacles to accessing care. For businesses, this constitutes not merely a social concern but a significant market failure and a compelling opportunity to develop trusted, data-driven solutions that address the needs of the most influential spenders in global health and wellness.
Partnering with Verdane allows us to accelerate the development of this powerful ecosystem and address these challenges for women. Verdane’s deep expertise in building sustainable businesses, combined with their extensive operational experience in the health and wellness sector, means they provide unmatched support for the opportunity ahead.”
Partnering for Sustainable, Long-Term Impact
Verdane’s investment philosophy, which focuses on sustainable growth, operational excellence, and building lasting market leaders, aligns closely with Clue’s ambition to establish the global standard for digital women’s health and wellness. Together, the companies seek to advance the category by investing in research, partnerships, and privacy-first technology.
“We are extremely impressed by the Clue management team and the strong momentum the business is showing,” commented Christina Stoll, Principal at Verdane. “Clue has built exceptional user trust by combining the highest data protection standards with rigorous, science-based insights in a category where credibility is paramount. Consumer demand and awareness for trusted women’s health solutions continues to grow, and Clue is uniquely positioned to lead this category.
“With Verdane’s sector expertise in scaling digital health and wellbeing platforms, we are confident we can serve as a strong long-term partner to the team, supporting continued growth, product innovation, and exceptional user experience, while strengthening valuable partnerships across the health and wellbeing ecosystem. Clue’s women-led, mission-driven approach and emphasis on meaningful impact strongly align with Verdane’s values.”
About Clue
Clue is the #1 women-led period and cycle tracker, trusted by over 100 million women and people with cycles worldwide.
Available in 23 languages across more than 190 countries, Clue helps members transform their cycle into a powerful tool for identifying patterns, monitoring changes, and making informed health decisions.
With one of the world’s largest longitudinal menstrual health datasets, Clue regularly collaborates with leading research institutions to advance women’s health understanding and close long-standing data gaps. Clue is dedicated to empowering people with accurate health information while establishing the benchmark for data privacy, security, and user trust.
About Verdane
Verdane is a specialist growth buyout investment firm that partners with tech-enabled and sustainable businesses that help digitalize and decarbonize the European economy. The flexible mandates of Verdane’s funds enable it to invest as a majority or minority control investor, providing replacement or growth capital, in individual companies or portfolios of companies.
Verdane has raised over €9 billion in capital, and its funds have completed more than 200 investments in fast-growing businesses since 2003. Verdane’s team of over 150 investment professionals and operating experts operates from Berlin, Copenhagen, London, Helsinki, Munich, Oslo, and Stockholm, combining deep sector expertise with established local networks and a presence in core European markets.
Verdane is also a certified B Corporation, the world’s most rigorous sustainability accreditation. The firm only invests in businesses that pass its 2040 test, which assesses whether a company can thrive in a more sustainable future economy.
Verdane is partially owned by the Verdane Foundation, which concentrates on two areas: climate change and more equitable and inclusive local communities.
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